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.

Thinking about selling your business or making an acquisition? It's more than just numbers; it's a deeply strategic and often emotional journey. In this episode of Thinc Ahead, Cindy Anderson sits down with Greg Clucas, Consultant at Thinc Strategy. With extensive experience from both the buyer and seller perspectives, Greg illuminates the multifaceted process of mergers and acquisitions, emphasizing preparation, cultural alignment, and the human element.

Tune in to discover:

• Maximizing Value: Beyond the Balance Sheet: Greg explains how firms can enhance their value for a potential sale by optimizing operating procedures, technology, financial cleanliness, and leadership structures. (00:02:25)
• The M&A Timeline: A Multi-Year Journey: Understand why preparing for an exit is a significant undertaking, often requiring 2-3 years of preparation and potentially a 5-year outlook including integration. (00:04:15)
• The Critical Role of Leadership Continuity: Learn why buyers prioritize strong, independent leadership teams that can run the business without the founder, ensuring seamless continuity post-acquisition. (00:06:00)
• Finding the "1+1=3" Opportunity: Greg shares how a successful M&A transaction isn't just about the sale itself, but often about identifying opportunities for enhanced growth and even a second, more significant financial event for the seller in the future. (00:08:00)
• Navigating the Emotional Landscape of a Sale: Cindy and Greg discuss the inherent emotional challenges for business owners during due diligence and how Thinc Strategy acts as a thoughtful, objective partner to guide clients through difficult conversations. (00:11:00)
• When to Walk Away: Building Credibility: Greg explains why having the courage to advise a client to walk away from a deal, even a seemingly good one, is essential for building long-term trust and ensuring the best outcome. (00:14:00)
• Thinking Ahead in M&A: Greg outlines his approach to anticipating challenges and opportunities from all sides of a transaction, ensuring thorough preparation for every stage, from LOI to integration. (00:18:00)

Greg's expertise provides invaluable guidance for any business leader considering their M&A options in today's dynamic market.

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

How do you strategically grow a company in a rapidly evolving market, especially when it involves significant technological transformation? In this episode of Thinc Ahead, Karen Albritton sits down with Berkley Stafford, CEO of TransImpact, a company that has evolved from a shipping negotiation provider to a leader in end-to-end supply chain technology solutions. Berkley shares candid insights into TransImpact's journey, highlighting the pivotal role of strategic acquisitions and the nuances of cultural integration.

Tune in to discover:

• Build vs. Buy: Accelerating Innovation: Berkley explains how TransImpact's acquisition strategy has been key to rapidly gaining a competitive edge and bringing advanced technology to market faster than building it internally. (00:01:30)
• The Litmus Test for Acquisitions: Culture First: Learn why cultural fit is the non-negotiable first step in TransImpact's acquisition process, emphasizing that even the best technology won't succeed without it. (00:05:30)
• Seeking "Gap Fillers": Discover how TransImpact identifies companies that not only bring advanced technology but also fill crucial gaps in skill sets, sales maturity, and client base. (00:06:00)
• The Art of Integration: Slow Down and Observe: Berkley shares a key learning from multiple integrations: resist the urge to rush. Allow double the time you anticipate for integration to preserve the acquired company's strengths and ensure a smooth cultural blend. (00:13:00)
• Leveraging Technology: Internal Efficiencies & External Feedback: Explore TransImpact's dual approach to technology, using its own products internally for efficiency and actively seeking customer feedback to drive continuous product improvement and retention. (00:15:20)
• Governance in the Age of AI: Understand TransImpact's robust governance model for technology and AI, involving a risk committee, cross-departmental prioritization meetings, and dedicated strategic sessions led by the CTO and CPO. (00:20:30)
• Thinking Ahead Through Prediction: Berkley reveals TransImpact's commitment to constantly predicting market shifts, competitive landscapes, and technological pivots to stay ahead, continually refining their forecasts for greater accuracy. (00:22:15)

Berkley's insights offer a compelling masterclass on the strategic foresight and meticulous execution required to navigate significant business transformations.

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