S6 E13 (The Smart and Savvy Exit) The Big Turnaround Season 6 Recap - Ellen McIlhenny

Ellen McIlhenny - “The Smart and Savvy Exit – The Big Turnaround – They did it!”

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INTRODUCTION
Wow – for over a year I have been here, first on Monday afternoons and then to my Tuesday spot in late October to start The Smart and Savvy Business Exit. I’ve covered a lot of topics and have had a great time being here each week to talk to you.
 
This coming season I will be taking a break from the live broadcasts, and I do so with mixed emotions.  I love doing this show, but I also have some very hefty fourth quarter goals for my own business. That is where my focus will be for the next thirteen weeks. 
I did however want to look back on the topics covered since the Smart and Savvy Business Exit started almost one year ago. In season three I talked a lot about the exit plan and about the people it is important to have on your exit team. We talked about business valuation and due diligence. I also introduced you to one of my favorite business authors John Warrillow and two of his books Built to Sell and The Automatic Customer. I wrapped up the season with a few interviews; Mike Metzger – a business broker, Tricia Dunlap – a business attorney, and Debi Corrie – the author of the book Loving Failure.  
In season four I did a few more interviews, but a bulk of the season was devoted to my building value series. A five-part series of proven techniques to build value in your business.
In season five I talked mostly about several different exit strategies. Selling outright is only one option.
Finally, I have spent the past eleven weeks reviewing my book The Big Turnaround, how bad management nearly destroyed and exceptional company, with a bonus Tuesday Tip every week. I’ve had a great time sharing with you.
If you see any topics that might interest you, please check it out on Spotify or Apple podcast under “The Smart and Savvy Business Exit”.
Thanks to all of you.

We here at IBGR are committed to helping small business owners with questions you may have about running your business. Whether you are just starting or have been around for many years. We are here for you.

Well, this is it for Season 6. A lot of plans are in the works for the upcoming season 7.  Be sure to stay tuned and become a part of our community so we can help you with your unique needs.  Thanks for listening. 
  
 
Show Objectives - The Why
 
Today we will recap season six – Our review of  The Big Turnaround: How bad management nearly destroyed an exceptional company..
 

1. July13 –An introduction of the main characters. – The blindside and the calm before the storm.
   
2. July 20 – Things take a turn for the worse for the main character.
   
3. July 27 – Is the company salable? Is this the solution to the problems?
   

Tuesday Tip – Expect the Unexpected

1. August 3 – Too many “Great Ideas”.
   

Tuesday Tip – Fishing Good - Phishing Bad

1. August 10 – An introduction of a new character – the great disruptor.
   

Tuesday Tip – Cultivate Creativity

1. August 17 – The management team comes together.  Can we fix this?
   

Tuesday Tip – Fire Bad Customers

1. August 24 – The vision and core values debacle.
   

Tuesday Tip – Get a Mentor, Be a Mentor

1. August 31 – It is time to become community minded.
   

Tuesday Tip – Begin with the End in Mind

1. September 7 – The big move…what a mess
   

Tuesday Tip – ABR Always be Recruiting

1. September 14 – A big change. The shake-up everyone needed.
   

Tuesday Tip – Focus, Focus, Focus

1. September 21 – They did it!
   

Tuesday Tip – Reflection​


Our “Tuesday Tip” – Promote your Customers

 Shows 

• Previous: Season 6 Podcast Episodes 44-47 We covered the final Chapter,  “The Big Turnaround”
  
• Find My Podcast at Spotify or Apple – The Smart and Savvy Business Exit.
  

Resources:
Written by Ellen McIlhenny 
Owner of CFO Plus Services, a Fractional CFO services firm which also offers Back Office Bookkeeping Services.  Author of the business novel The Big Turnaround; How Bad Management Nearly Destroyed an Exceptional Company. Check it out at https://thebigturnaround.com


You can connect with Ellen on any of her #cfoplusservices platforms or ellen@cfoplusservices.com
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