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CFO’s Role in Maximising Business Value: Expert Advice from Colin Mills

Podcasts

CFO’s Role in Maximising Business Value: Expert Advice from Colin Mills

By , July 28, 2023
colin

Watch the full interview on YouTube or listen to this episode on:

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.

Darryl Bates-Brownsword

Darryl Bates-Brownsword

CEO | Succession Plus UK

Darryl is a dynamic, driven Business Mentor and Coach with over 20 years of experience and passion for creating successful outcomes for founder-led businesses. He is a great connector, team builder, problem solver, and inspirer – showing the way through complexity to simplicity.

He has built 2 international multi-million turnover businesses; one now operating in 16 countries. His quick and analytical approach cuts through to the core issues quickly and identifying the context. He challenges the status quo and gets consistent, repeatable and reliable business results.

Originating in Australia, Darryl’s first career was as an Engineer in the Power Industry. Building businesses bought him to the UK in 2003 where he quickly developed a reputation for combining systems thinking with great creativity to get results in challenging situations.

A keen competitive cyclist, he also has a B Eng (Mech) Engineering and an MBA.