CFO’s Role in Maximising Business Value: Expert Advice from Colin Mills
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Colin Mills, the founder of The CFO Centre, to discusses the crucial role of the CFO in preparing a business for exit and maximising its valuation. Mills emphasises the importance of starting with the end in mind and working backward to determine the desired time frame. He shares valuable insights on creating a storyboard that goes beyond the exit point to showcase the future of the business and its stability to potential buyers.
Mills highlights the critical role of the CFO in demonstrating the likelihood of future cash flows and minimising risk for potential buyers. He provides actionable advice on presenting financials transparently, addressing gaps in information, and securing contractual positions. Mills also emphasises the mutual benefits of a good deal, where both the buyer and seller feel they have gained value. He recommends giving businesses a runway of at least two to five years to properly prepare for an exit, allowing for thorough evaluation and necessary adjustments.
Overall, this episode provides practical strategies and expert advice for business owners looking to exit successfully and maximise the value of their businesses.
If you would like to learn more about how to start preparing your business, then you can get more information here: It All Begins with Insights.