The Smart and Savvy Exit - Building Value Part 2 - Ellen McIlhenny

Ellen McIlhenny - “The Smart and Savvy Exit – Building Value for Exit Part 2”

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INTRODUCTION
I continue to read predictions on the upcoming recovery, if in fact, it happens.
 
I read an interesting article in Inc. Magazine about the possibility of a W-shaped recovery, because there are really three types of businesses out there. 
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1. The businesses that benefited from the alternative working conditions that we have all had to endure; companies like Zoom and Wayfair.
2. Those of us who are called the pivoters.  We changed the way we conducted our business and the question is, will we return to the old way of doing business?
3. The businesses that were unable to pivot because of the nature of their business.  These were the ones like airlines and movie theaters who were most negatively affected, and the question here is will they survive? 

After all I have read, the one thing I am convinced of is no one really knows what will happen, but this was an interesting concept.


Show Objectives - The Why
This week is our second part of the building value series that will go on throughout this season. Today we will discuss how clarifying a vision and core values will benefit the organization and ultimately build value.

Vision Building – What to look at:

1. Core Values
2. Core Focus
3. 10-Year Target
4. Marketing Strategy
5. 3-Year Picture
6. 1-Year Plan
7. Rocks
8. Issues

Adopting Core Values:

1. Small set of Guiding Principles.
2. 3-7 and no more.
3. Defining your culture
4. Unique
5. A Good Employee Magnet.

Shows 

• Previous: Podcast Episodes 57 - 60 – Smart and Savvy Exit – Building Value – Part 1  - We will talk about building value by succession planning and building a strong management team.

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 3. – Building Value by Retaining Valuable Employees.

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
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