I just want to introduce myself.
My name is Ellen McIlhenny and the Stage V business is something near and dear to my heart. Before starting my own Fractional CFO firm I spent 18 years as the CFO for a privately held business and after a period of very fast revenue growth we found ourselves in the Stage V lane and had to get to work to maximize our profitability.
Once you hit Stage V it is important to move fast because in most cases you’ve been leaving dollars on the table and it’s time to tighten up. Up to this point it has all been about revenue growth. Now we need to look at profits.
During this pandemic moving fast in this phase is more important than ever. We have all felt the impact and things can change quickly. Cash management is key.
As Stage V owners we really have two paths, will we sell or reinvent. Last week Bill talked about providing feedback to the different areas of the business on how to improve processes. This week we will talk about applying this and optimizing all areas.
Key Issues - Owner/Manager Perspective:
What You Need to Know
What You Need to Do
Written by Ellen McIlhenny
new choice for BUSINESS SEARCH
All IBGR Shows Notes are available for download