Ellen McIlhenny - "Future Financial Confidence"
I’m Ellen Mcilhenny, the host of Future Financial Confidence, at 4:00PM EST every Monday afternoon. We will be talking about “Everything Financial” for a stage five company. A Stage V company is one that has just gone through a tremendous amount of revenue growth and is ready to clean things up and maximize value for either a sale or reinvention. The company will never be worth as much as it does right now.
Here we are halfway through October and very close to a consequential election. There is still a lot of uncertainty due to COVID-19 and what the plans are for future help to small businesses and more importantly, when will businesses be allowed to fully open. Restaurants are still getting hit hard because of restrictions on capacity. I’ve seen so many posts from friends throughout the country about institutional places closing after decades. I fear that once this is over we will be unable to recognize our country.
With that said, now more than ever we small business owners need a community to depend on for help with challenges as well as some camaraderie in these tough times. Please join our Community of Commerce to find those answers.
Solid contracts are necessary for the Stage V company. Prior to this you may not have spent a lot of time thinking about your agreements with both your suppliers and your customers. However, potential buyers and needed investors for a pivot will want to know that promises made to you from both groups will be enforceable if not delivered upon. This becomes especially vital if you are dependent on one supplier or if much of your revenue is recurring. This could have a major impact on the value of your business.
Key Issues - Owner Perspective:
What You Need to Know
What You Need to Do - Looking at everything that might be in a contract
Ellen McIlhenny - CEO - CFO Plus Services - firstname.lastname@example.org
Please email me or go to our website to schedule a free assessment of your financial statements. “Let us help you increase the value of your business.”
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