The Next Phase of Your Business: Are You Ready For It?

What does it take to truly prepare your business for its next chapter, whether it's strategic growth, a leadership shift, or an M&A transition? In this episode of Thinc Ahead, Karen Albritton welcomes Kelli Snider, Partner at Thinc Strategy, to unpack the critical financial and strategic insights businesses need to thrive. Kelli, who oversees Thinc Strategy's technical and managed services, and M&A activities, shares her journey and expertise in guiding companies through complex financial landscapes and pivotal transitions.

Tune in to discover:

• From Banking to Business Strategy: Kelli's unique career path, starting in banking during the 2008 crisis, then transitioning to public accounting at KPMG, and ultimately finding her calling at Thinc Strategy with co-founder Cindy Anderson. (00:01:25)
• The Power of Managed Services: Understand why an external managed services team, offering both controller-level "rearview mirror" insights and CFO-level "windshield" foresight, is crucial for continuous financial health and risk mitigation. (00:04:00)
• Forecasting for Predictability: Learn Kelli's golden rule for effective forecasting – consistently measuring actual results against your projections to build more accurate financial models, especially for people-centric professional services firms. (00:07:00)
• M&A Readiness: Beyond the Books: Kelli emphasizes that preparing for an external transition goes deeper than clean financials. It requires owners to consider their post-sale role, desired timeline, and how to best position their team and culture for a successful new home. (00:14:00)
• Feasibility Studies: Your Starting Point for Transition: Discover how Thinc Strategy's clear, impactful feasibility models provide businesses with a roadmap of their viable options for ownership transition, simplifying a seemingly overwhelming decision. (00:10:00)
• The Due Diligence Advantage: How an experienced third-party team can manage the intensive due diligence process, providing crucial industry perspective and taking the load off internal teams during a sale or acquisition. (00:11:00)

Kelli's insights offer practical takeaways for any business leader looking to build a resilient, forward-thinking organization.

Thinc Ahead is hosted by Thinc Strategy's Cindy Anderson & Karen Albritton and produced by Walk W.