The Smart and Savvy Exit - ELLEN MCILHENNY - INTERVIEW with Tricia Dunlap

Ellen McIlhenny - “An Interview with Tricia Dunlap – Business Attorney”
 
PROFIT RADIO..."Grow With Us"

Introduction
 Today is day 268 since we were going to flatten the curve and sometimes there seems to be no end in sight.  I’ve spent the last few months helping people try to come up with a forecast for the coming year and it is quite a task honestly, there is just so much uncertainty about what the future holds. 

​Some say we will be back to normal in the spring once the vaccination is widely spread, others are saying the end of the year. The other day I was reading a list of local businesses that have already closed and was shocked at the number of them that I knew well.  So sad.

But here we are in the holiday season. It is my hope that all of you will be able to safely spend time with at least some of your family and friends. We have already been asked to sacrifice so much.  It almost seems unheard of to not be able to celebrate the holidays. But I digress, again support locally and cheers for a better 2021 – I’m thinking it can’t get much worse.

 Now more than ever we need the help of our fellow business owners to share ideas or to just know that there are like minded people out there who understand the challenges we face.

Every week here I mention the IBGR Entrepreneur’s Community.  Well now available in the IBGR.Community - Mentoring Groups! When you join the IBGR.Community you are automatically added to your Community of Commerce. The Community of Commerce is a great place to network and connect with our entire community. You can also join your favorite On-Air Talent’s Mentoring Group!

Joining mentoring groups gives you access to useful tools and mentoring conversations around your specific business challenges. Join one or more Mentoring Groups today and start engaging with like-minded business growers and entrepreneurs!
 
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Show Objectives
Today we will be talking to Tricia Dunlap.  She is a business attorney based in Richmond, Virginia. As you know a business attorney is an important part of the transition team we talked about in episodes 13-16 of my podcast – Show title “The Exit Plan”..

Also you can listen to last week’s show “An Interview With Mike Metzger” on episodes 33 through 36. 

https://studio.podcast.co/ibgr/future-financial-confidence-with-ellen-mcilhenny/episodes

Key Issues - ​Owner/Manager Perspective:
Our Conversation

1. What is the biggest mistake you see people make in selling or buying a business?
2. What is the lawyer’s role?
3. What is the difference between buying a business and buying its assets?
4. If I am buying a business or business assets what terms should I be considering?
5. If I am selling a business or business assets what terms should I be considering?
6. The effects of COVID-19
7. How have business acquisitions changed in recent years?
8. Cybersecurity – are we protected?

Thanks for listening.

Written by Ellen McIlhenny - CFO Plus Services -

www.cfoplusservices.com
Contact me at ellen@cfoplusservices.com

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