Knowledge Exchange

Bill McDermott

Call Me When… Business owners have a big vision for their company & want to move forward, but don’t know how. I help identify hurdles getting in the way & create a path to profitability they never thought possible.

Business Value Growth

Exceptional CEOs: Personal Effectiveness Mindset

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

1 year ago

As a CEO or business owner, it’s hard figuring out what things to focus on, where to allocate our resources, and how in the world we’ll find the time to do it all. It can be overwhelming. When you’re paralyzed by all of these thoughts and tasks, it’s hard to be an effective CEO. I love Peter Drucker. In addition to famously saying, “Culture eats strategy for breakfast,” he also said, “There’s nothing so useless as doing efficiently that which should not be done at all.” All of us have a “to do” list. But, do we move straight down the list or do we assign a priority to each task and accomplish the highest priority task first? I know one CEO that has done this for over thirty years now. The choices the best CEOs make to manage their personal well-being and effectiveness are precisely that- personal. Read more:

Oct 18, 2022

Atlanta

Business Value Growth

Oct 18, 2022 1 min read Atlanta

Business Value Growth

Exceptional CEOs: Board Engagement Mindset

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

1 year ago

CEOs are often bombarded with little voices in their ear asking, “Am I reaching the best markets?”, “Is my management team capable of taking us to the next level?”, “What about my business model?”, “What changes do I need to make?”, and finally, “Do I have enough money?”. There are only so many hours in day for a CEO to keep up with everything. Studies show that 85% of what keeps a CEO up at night is cash flow related. These thoughts often confuse or overwhelm many CEOs. It’s lonely at the top. You don’t have anyone to talk to. It shouldn’t be so hard to run a successful business that is increasing shareholder value. The best CEOs have figured out that the benefit of a board of directors or, for a smaller business, a personal board of advisors, is critical to their success. Read more:

Oct 4, 2022

Atlanta

Business Value Growth

Oct 4, 2022 1 min read Atlanta

Business Value Growth

Donna Beatty, Frazier & Deeter, and Robert Stephens, CFO Navigator join “ProfitSense”

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

1 year ago

Donna Beatty, Tax Partner with Frazier & Deeter, and Robert Stephens, Managing Partner of CFO Navigator, were Bill McDermott’s guests on this episode of Profit Sense with Bill McDermott. Donna provided timely advice about taxes, new laws, and advice for business owners. Robert Stephens talked about how he helps businesses as a financial guide, how he speaks about both accounting and business, the advice he gives his clients on the current economy, and much more. Bill closed the show with a commentary on how to transition from employee to owner. ProfitSense with Bill McDermott is produced and broadcast by the

Sep 29, 2022

Atlanta

Business Value Growth

Sep 29, 2022 1 min read Atlanta

Business Value Growth

Exceptional CEOs: Mobilizing Your Leaders

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; 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--smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

1 year ago

What makes an excellent CEO? It’s a question that’s often asked, but seldom answered. As with anything, it starts with mindset first, then skill set. We’ve talked recently about the importance of CEOs having a

Sep 20, 2022

Atlanta

Business Value Growth

Sep 20, 2022 1 min read Atlanta

Business Value Growth

Exceptional CEOs: Getting Your Organization Aligned for Growth

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--smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; 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Bill McDermott

The Profitability Coach

1 year ago

As a CEO, it can be lonely at the top and they often struggle to know whether their actions and decisions are helping their company or hurting it. How do they achieve excellence? What separates great CEOs from the good ones? These questions often leave new CEOs overwhelmed and frustrated. Every CEO deserves to have a strong company with a bright future. We talked recently about how an exceptional CEO should have a

Sep 13, 2022

Atlanta

Business Value Growth

Sep 13, 2022 1 min read Atlanta

Business Value Growth

Exceptional CEOs: Direction-Setting Mindset

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; 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Bill McDermott

The Profitability Coach

1 year ago

Every CEO strives to be a strong leader and push their company forward, but when it comes to determining what the mindsets and characteristics of a successful CEO are, opinions vary. It’s hard to be all things all the time and many CEOs struggle to know where to spend their time, how to allocate resources, and what’s really going to drive shareholder value. They’re left feeling frustrated, worried, and fearful that they might make a wrong decision. Every CEO deserves to have a business with a strong financial future. To be a successful CEO, it appears that’s no roadmap, no playbook, no Wizard of OZ pulling levers behind a green curtain. It takes an exceptional set of mindsets that precede any skill set a CEO may possess. A CEO doesn’t need to excel in all the mindsets; they can excel in a few. But, they do need to have some level of proficiency in all of them according to Dewar, Keller, and Malhotra in their book, “CEO Excellence”. The first mindset is around setting company direction and being bold. Continue reading:

Sep 6, 2022

Atlanta

Business Value Growth

Sep 6, 2022 1 min read Atlanta

Business Value Growth

How to Transform from Employee to Owner

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; 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--smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

1 year ago

Every business owner dreams one day of successfully selling their business and riding off in to the sunset with a professional life well-lived and money in the bank. That will be one of my clients in the next few weeks. Two partners started a business 30 years ago and are about to close on the sale of their business to the management team that has helped them run it. Proper exit planning with a unified strategy helped them do that. Recently, we’ve talked about building transferable value and the importance of having a capable management team to exit your business successfully. That is certainly the case with this client. The owners picked people who embraced their core values and core focus. The management team was balanced in their abilities in sales, operations, and finance. When it came time for the two owners to retire, they tapped their management team and gave them an opportunity to become owners and buy the business. The owners arranged an amount of equity to put towards the purchase and were able to arrange financing for the remainder of the purchase price. The closing will occur in about 30 days and these employees will become owners. But, how does a successful employee ensure they become a successful owner? Read more:

Aug 30, 2022

Atlanta

Business Value Growth

Aug 30, 2022 1 min read Atlanta

Business Value Growth

3 Key Points to Structuring a Deal

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; 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--smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

1 year ago

Every business owner has a big dream for their company and wants to make it happen. The problem is many deals can fall apart over terms, leaving both parties confused and frustrated. There are many pieces to consider when structuring a deal. How much? What price? Cash vs. stock? Lump sum or payments over time? Often when considering deal points, it can be overwhelming. It shouldn’t be this hard to sell a business. Recently, I’ve worked with several clients that were trying to sell their business. In one instance, the price was just too cheap. The business was worth more than the buyer wanted to pay. Further, the buyer had very little equity to put into the transaction and asked the seller to accept a note. Neither of these deal points were acceptable to the seller who wanted all cash in a lump sum. Read more:

Aug 23, 2022

Atlanta

Business Value Growth

Aug 23, 2022 1 min read Atlanta

Business Value Growth

Samantha McElhaney, SouthState Bank, Keith Costley, Keck & Wood, Inc., and Derek Griffin, Speartek on “ProfitSense”

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; 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Bill McDermott

The Profitability Coach

1 year ago

Host Bill McDermott was joined by three accomplished business leaders on this edition of ProfitSense. Banker Samantha McElhaney discussed what business owners need to be focused on now, what to look for in choosing an advisor, as well as how she uses her extensive network to assist her clients. Keith Costley shared how his engineering consulting firm develops and retains talent, how collaboration with clients has been so crucial to their success, and his firm’s succession planning process. Derek Griffin talked about how his firm helps gift and home decor firms, industrial products companies, distributors, and other B2B companies with website and e-commerce solutions for their marketing needs. Bill closed the show with a commentary on the four components of getting a business ready to sell for its maximum value. ProfitSense with Bill McDermott is produced and broadcast by the

Aug 16, 2022

Atlanta

Business Value Growth

Aug 16, 2022 1 min read Atlanta

Business Value Growth

Selling Your Business? Here are 4 Steps to Create a Roadmap to Success.

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; 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--smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

1 year ago

Every business owner has a big dream for their company and wants to make it happen. But, when it comes to retiring one day and driving off into the sunset, most business owners don’t know where to start or what to do. They’ve been so busy working in the business, they haven’t stopped to take the time to work on the business, getting it ready to sell and putting all the parts in place. It shouldn’t be so hard to exit your business and receive a fair value for it when the time comes. In recent blogs, we’ve talked about concepts of

Aug 9, 2022

Atlanta

Business Value Growth

Aug 9, 2022 1 min read Atlanta

Business Value Growth

Are Your Business Financials in Order for Exit?

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; 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--smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

1 year ago

Every business owner dreams of selling their business one day for a lot of money then retiring with a home on the beach or traveling the world. However, when it comes to actually selling the business, many business owners don’t follow a unified strategy, leaving them confused and frustrated because they realize running a business is much easier than selling it. I have an HR consultant that I work with who was on the M&A team for the large company he worked for. He was brought into every company purchase they were about to make along with the company CPA and attorney. Their sole goal was to attempt to find weaknesses in the seller’s business in order to drive the price down. The HR consultant was looking for weaknesses in the HR portion of the business. But, the CPA was brought in to determine the reliability of the financial statements. Read more:

Aug 2, 2022

Atlanta

Business Value Growth

Aug 2, 2022 1 min read Atlanta

Business Value Growth

Building Transferrable Value

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

2 years ago

Every business owner dreams of a big pay day when they sell their business and go off on around the world trip. However, many owners don’t follow a unified strategy of how to go about selling their business, leaving them confused and frustrated because they don’t know where to start. The top 2 characteristics of a quality business are a capable management team and lack of owner dependence. I worked with a business owner for over a decade. He started with a management team of himself, his partner, and a COO. The owner was the visionary and the other two excelled at execution. It was a perfect arrangement. The company grew, but with growth comes increased complexity. Continue reading:

Jul 26, 2022

Atlanta

Business Value Growth

Jul 26, 2022 1 min read Atlanta

Business Value Growth

The Business Owner’s Guide to Financial Freedom

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; 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--smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

2 years ago

Every business owner has a big dream to sell their business one day and see it continue on successfully. But, when that day comes, we realize that we know how to run a business, but we don’t know how to exit a business. This thought leaves us frustrated, confused, and sometimes overwhelmed. Exiting a business shouldn’t be as difficult as it seems. Can’t someone help me figure this out? As with anything in business, we have to start with mindset first, then skill set. According to statistics, there are 12 million Baby Boomer business owners that may exit their business in the next 10-20 years. Many of us have our head down just running our business. We refuse to confront that the day is coming when we will either close our business, sell it to employees or family, or sell it to investor. No planning takes place. Read more:

Jul 12, 2022

Atlanta

Business Value Growth

Jul 12, 2022 1 min read Atlanta

Business Value Growth

Do You Know What Metrics You Should Be Tracking?

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

2 years ago

Coming up on mid-year, you might be reflecting on the first half and are either looking to course correct or finish strong. What are you going to start doing, stop doing, and keep doing? One of the ways to determine this is to look at the key metrics of your business and see if you’re on the right track for success or what changes need to be made to get back on track. The key metrics that you’re using to make changes can become key performance indicators (KPIs) that you and your team want to track regularly. Here are three things you must know about KPIs. Read more:

Jun 28, 2022

Atlanta

Business Value Growth

Jun 28, 2022 1 min read Atlanta

Business Value Growth

Your Most Googled Financial Questions Answered: Taxes, Credits, & Deductions

<img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; 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--smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" data-src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img lazyload" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40/40;" /><noscript><img loading="lazy" width="40" height="40" src="https://www.exitplanningexchange.com/wp-content/uploads/2021/09/2012100501_0060-150x150.jpg" class="avatar-img" alt="Bill McDermott of The Profitability Coach is a member of XPX Atlanta" loading="lazy" decoding="async" />

Bill McDermott

The Profitability Coach

2 years ago

Wrapping up our series on your most googled financial questions, we saved a big one for last: taxes. A word that strikes fear in the hearts and minds of many business owners. But, it doesn’t have to. Every business owner has a big dream for their business and wants to make it happen. However, many business owners don’t follow a unified strategy to get there, leaving them overwhelmed and sometimes angry. Some of that anger is relegated to the amount of taxes they had to pay on last year’s income. Part of that unified strategy is to sit down with your tax accountant annually, maybe even twice a year if your taxable income is large. Read more:

Jun 21, 2022

Atlanta

Business Value Growth

Jun 21, 2022 1 min read Atlanta

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