The Smart and Savvy Exit - Building Value Part 1 - Ellen McIlhenny

Ellen McIlhenny - “The Smart and Savvy Exit – Building Value for Exit Part 1”

IBGR.Network - PROFIT Radio. Everything a business owner needs to start, grow, or exit a business. GROW WITH US.

INTRODUCTION
This week starts a series of shows in which we will look at specific ways to build value in the company prior to exit.  
 
I have spent several years doing research on these topics as part of the current book I am writing. The book’s title (at this time) is The Small Business Survival Guide: 101 Tips and Tales for Small Business Owners. I also have worked with my clients using a lot of the techniques to help them improve their bottom lines. I look forward to sharing these tips with all of you.
 
As we continue to get closer to the economy opening up (it appears that local and state governments that have been most aggressive with lockdowns are starting to feel the urgency to open) there are still challenges ahead. Join the Community of Commerce at IBGR for help with answers to the many questions that may come up.  Let’s get the conversation started.

Show Objectives - The Why
The importance of Succession Planning and building a valuable management team. 

Succession Planning – What to look at:

1. Knowledge.
2. Experience.
3. Personal Attributes.
4. Competencies.

Building the Management Team:

1. Adaptability.
2. Trust. 
3. Common Vision
4. Establish Values.
5. Communication

Shows 

• Previous: Podcast Episodes 53 - 56 – Smart and Savvy Exit – An interview with Rebecca Graf  - We discuss the unique challenges of selling a family business.

Find My Podcast at https://pod.co/future-financial-confidence-with-ellen-mcilhenny

​Next Week: Episode 4 of Season 4 -  Building Value for Exit – Part 2. – Clarifying Vision and Core Values..

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.


You can connect with Ellen on any of her #cfoplusservices platforms or ellen@cfoplusservices.com
https://cfoplusservices.com
Connect on LinkedIn
Follow on Facebook