“Why I love having a ceefo” (as written by a serial business exit-maker now in CFO-led recovery)
MELANIE WILLIAMSON - BACKYARD PODS AUSTRALIA |In my latest small business adventure, a kind of D-day occurred when the P&L showed turnover could be forecast to exceed $1m in the current financial year. "Performance is on-track with your budgets and objectives," our bookkeeper said. "Well done," said the accountant. While most business owners would celebrate this 'Magic $1M' milestone now looming on the horizon, I felt rising anxiety. I'd reached this same milestone in businesses before and hit the ‘EXIT’ button immediately – forecasting, calculating multiples of EBIT, preparing an IM, and calling business brokers to divest just [...]
