Episode A5.012 (NA) Summary of Season 2

Introduction
It’s been my pleasure to be your host for most of this season. I look forward to the next season that starts next Monday on October 5. We have one more quarter in 2020, a year that has been a challenge for everyone. This quarter we have a very consequential election and we hopefully will be returning to some semblance of normalcy; post pandemic. We’ve covered many important topics this quarter and best of all, this is all easily accessed through the Community of Commerce.  Please join us.

As a reminder a stage V business is the point after crazy growth when processes and infrastructure need to be tightened.  This is the point when you work on maximizing value for exit, or take those resources and develop a new segment or product. You should strive to become lean and mean during this phase.

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Show Objectives - The Why
The purpose of today’s show is to give you an overview of what we talked about this season of Finance for Stage V companies. The information we covered the last ten weeks is an in-depth set of financial topics which deal with the items that need to be dealt with when your company has entered into Stage V.

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What You Need to Know - The What

1. Overview of Stage V Financial Issues - 13JUL20
2. Analysis of Stage IV Performance - 20JUL20
3. Review all Customer and Supplier Contracts, amend and authorize as necessary - 27JUL20
4. Provide performance feedback to operations, sales, and human resources to upgrade all processes - 3AUG20
5. Optimize all elements of the business for profitability - 10AUG20
6. Conduct business valuation for sale - 17AUG20
7. Audit the business to identify where to increase value and not reduce prices in the future - 24AUG20
8. Audit the business to identify how to increase revenue instead of reducing costs in the future - 31AUG20
9. Suggest candidates for D&R (Development & Research) to create new products and services and/or new processes - 7SEP20
10. Monitor Progress on MBO - 14SEP20
11. Prepare Financials for a Sell Now Plan & Next Plan - 21SEP20​

What You Need to Do​ - The How

1. Join our Community of Commerce to get access to all of the episodes in all lanes including Finance, Operations, Sales, People, & Owner as Executive.  Plus you will get the newsletter which is full of great information.
2. Determine what stage your business is in.
3. Search for the Podcasts that address the topics that most interest you.
4. Interact with us.  Give us topics you want to hear about. Or send in questions and we will do our best to get you answers.
5. Application of ideas.  Let us know how it goes.
6. Get ready for our 3rd quarter launch on October 5.

Shows

• Previous: Episode A5.011 Prepare Financials for a Sell Now Plan & Next Plan 
• Next: Season 3 Overview  

Written by Ellen McIlhenny, ellen@cfoplusservices.com, https://www.cfoplusservices.com



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