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<description><![CDATA[<p>I am Ellen McIlhenny. "The Smart and Savvy Business Exit" focuses on financial strategies when planning an exit or pivot strategy for your company. Financial confidence not only refers to maximizing value and EBIDTA for the company but also for the owner who wants to exit at the highest possible sales price.</p>

<p>As a former corporate CFO with acquisition experience I have seen the difference financial preparation makes when preparing to sell a company. As a fractional CFO I have made it my mission to help small business owners prepare for a positive transition regardless of when it is planned or what it will look like. Ellen McIlhenny, CEO, CFO Plus Services, <a href="http://cfoplusservices.com/" target="_blank">cfoplusservices.com</a></p>

<p>Each episode has additional written information your might find helpful. <a href="https://www.ibgr.network/show_notes/category/ellen-mcilhenny" target="_blank">Here is a complete listing of Show Notes.</a> Want to continue the conversation? Add your thoughts in the comments section available at the bottom of each page of notes on the site. Simply click "read more" and let's get the conversations started!</p>

<p>Download the IBGR Business Growth Radio App for Android and iOS to catch the show live and gain access to even more resources. Find the IBGR Business Growth Radio App on <a href="https://play.google.com/store/apps/details?id=com.gappsy.dashboard.www.android5f61014645cf6" target="_blank">Google Play</a> and in the <a href="https://apps.apple.com/us/app/ibgr-business-growth-radio/id1535406287" target="_blank">Apple App Store</a>.</p>]]></description>
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<title>The Smart and Savvy Business Exit with Ellen McIlhenny</title>

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<itunes:author>IBGR onAir Talent Ellen McIlhenny</itunes:author>
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    <![CDATA[<p>Today's Tuesday Tip - Reflection</p>]]>
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    <![CDATA[<p>We are in the final stretch of our review of "The Big Turnaround". Today we learn how they did it!</p>]]>
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    <![CDATA[<p>We are in the final stretch of our review of "The Big Turnaround". Today we learn how they did it!</p>]]>
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  <description>
    <![CDATA[<p>Today's Tuesday Tip:</p>

<p>FOCUS, FOCUS, FOCUS.</p>]]>
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  <description>
    <![CDATA[<p>Today we will talk about two more chapters in "The Big Turnaround" - Enough is Enough and Mapping the Road to Recovery".</p>]]>
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    <![CDATA[<p>Today we will talk about two more chapters in "The Big Turnaround" - Enough is Enough and Mapping the Road to Recovery".</p>]]>
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    <![CDATA[<p>Burgess Industries is moving.  What a Mess!</p>]]>
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    <![CDATA[<p>Today Burgess decides to improve their community outreach efforts.</p>]]>
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    <![CDATA[<p>Today's Tuesday Tip:</p>

<p>Find a Mentor; Become a Mentor.</p>]]>
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    <![CDATA[<p>Today's main takeaway from the book:</p>

<p>Define your company’s core values and ‘walk the walk’.</p>]]>
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    <![CDATA[<p>Today we talk about how Burgess' management team undertakes the process of coming up with the company core values.</p>]]>
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    <![CDATA[<p>Today we talk about how Burgess' management team undertakes the process of coming up with the company core values.</p>]]>
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    <![CDATA[<p>Today's</p>

<p><b>“Tuesday Tip” – Don’t be afraid to fire bad customers</b></p>]]>
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    <![CDATA[<p>This week's main take-away from the book – <b>Micromanagement can do great damage to a company.</b></p>]]>
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    <![CDATA[<p>Today we will continue our discussion of my book The Big Turnaround: How bad management nearly destroyed an exceptional company. Today we will be talking about chapter 8 “The SMT…or is it the SLT? – My inspiration for this chapter was Patrick Lencioni’s “Five disfunctions of a Team”, with a dysfunctional twist.</p>]]>
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    <![CDATA[<p>Recap of Last week's episode - A Way Out - Part 2 </p>]]>
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    <![CDATA[<p>Today's Tuesday Tip is "Cultivate Creativity"!</p>]]>
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    <![CDATA[<p>Today's big take-away from the book is perhaps instead of looking outside the company for the "Magic Bullet" that makes the company great, look within.</p>]]>
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    <![CDATA[<p>This week the team at Burgess Industries may have a way out once again.  Bob is looking to sell. What happens this time?</p>]]>
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    <![CDATA[<p>This week the team at Burgess Industries may have a way out once again.  Bob is looking to sell. What happens this time?</p>]]>
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    <![CDATA[<p>Today's Tuesday Tip is:</p>

<p>Fishing Good...</p>

<p>Phishing Bad</p>]]>
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    <![CDATA[<p>In this segment we will talk about today's takeaway from the book is "Companies Need Strong Managers With Real Authority".</p>]]>
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    <![CDATA[<p>Today we introduce a new character - Daryl the Disruptor. Things will start getting interesting at Burgess Industries</p>]]>
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    <![CDATA[<p>Today we introduce a new character - Daryl the Disruptor. Things will start getting interesting at Burgess Industries</p>]]>
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    <![CDATA[<p>The first in out Tuesday Tip segment:</p>

<p>"Expect the Unexpected".</p>

<p>We Entrepreneurs aren't as risk adverse as most, but we do need to be smart.  Prepare for things that could go wrong. </p>]]>
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    <![CDATA[<p>Today's big takeaway is be sure to plan and budget when expanding into a new business segment.</p>]]>
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    <![CDATA[<p>Today we will talk about Burgess Industries' "New Direction".  A lot of wasted time and money for very little return.</p>]]>
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    <![CDATA[<p>As a Fractional CFO I work with business owners every day. I work with a wide variety anywhere from a few hundred thousand in annual revenue to tens of millions in revenue. These businesses are in many different stages, but one thing is universal in my dialogue with them. What are your exit plans? And have you started thinking about and more importantly preparing for your ultimate exit. And yes, everyone will eventually exit…one way or another.</p>

<p>Today’s show will hopefully answer the question. Why should I build it to sell it now? I don’t plan to sell for many years.</p>]]>
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    <![CDATA[<p>By the end of our time together I hope you will understand the importance of preparation through an internal due diligence when preparing your company for sale. We will be building on last week’s show where we talked about the exit plan in general. Today we will get into the documentation needed for the preparation. Below is a link to the show notes for last week’s show:</p>]]>
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    <![CDATA[<p>By the end of our time together I hope you will understand the importance of preparation through an internal due diligence when preparing your company for sale. We will be building on last week’s show where we talked about the exit plan in general. Today we will get into the documentation needed for the preparation. Below is a link to the show notes for last week’s show:</p>]]>
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    <![CDATA[<p>By the end of our time together I hope you will understand the importance of preparation through an internal due diligence when preparing your company for sale. We will be building on last week’s show where we talked about the exit plan in general. Today we will get into the documentation needed for the preparation. Below is a link to the show notes for last week’s show:</p>]]>
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    <![CDATA[<p>By the end of our time together I hope you will understand the importance of preparation through an internal due diligence when preparing your company for sale. We will be building on last week’s show where we talked about the exit plan in general. Today we will get into the documentation needed for the preparation. Below is a link to the show notes for last week’s show:</p>]]>
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