Ellen A McIlhenny

Providing CFO services and Business Transition Services in Richmond and the surrounding area


About Ellen

Ellen A Mcilhenny

Montpelier, VA CFO

19 Years of Experience

Direct Contact




Virginia Tech; Bachelor of Science - Accounting

Virginia Commonwealth University; Graduate Certificate - Leadership Education in Neurodevelopmental Disabilities

Certificates & Licenses:


Institute of Management Accountants

Contact Ellen McIlhenny and receive a free Discovery Analysis™

  • A confidential meeting with the business owner(s), then interview company staff.
  • Look at the company’s financial information and computer systems.
  • Benchmark financial information against industry averages.
  • Create a confidential report of our findings in The Strategy Gameplan™

Ellen’s Bio

Ellen has twenty years of experience as a chief financial officer and controller with mid-sized and large privately held companies. Prior to that she held financial management positions for eight years at a large publicly held company.

She has worked in several different industries such as chemicals, plastics, newspaper, broadcast, wholesale distribution, technology and IT services.

Ellen has had a wide range of responsibilities including accounting, finance, human resources, treasury management, strategic planning, reporting and budgeting, capital planning, ERP management, process management, accounts payable, payroll and corporate insurance. She also has extensive experience in small business acquisitions.

Ellen has served on several non-profit boards of directors, where she has held both chairman and treasurer leadership positions. She was nominated for Virginia Business Magazine's CFO of the Year Award in both 2010 and 2016.

She lives in Montpelier, Virginia with her husband and three sons.

Contact Ellen (804) 301-6312


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Recent Articles

Do You Still Have Passion For Your Business?

What Do a Good TED Talk and Running a Small Business Have in Common? Earlier this year my partners and I were introduced to Carmine Gallo and his book Talk Like TED. In the book Carmine talks about the three components that are present in the most inspiring and successful TED (Technology, Education, Design) talks. TED is where today’s most gifted communicators go to present their messages to the world…..in 18 minutes or less. The first component he talks about

Disaster Recovery Plans. Worth the Time and Money? Yes!

In the wake of the destructive hurricanes that have hit the United States recently, I thought an appropriate topic this month would be disaster recovery.  It’s not normally in the nature of an entrepreneur to be a pessimist, but to protect your business you must at some point imagine what a worst-case scenario looks like. Think of it as the perfect storm for everything that could go wrong. What happens if a key employee leaves? What happens if there is

“Begin With The End In Mind”………Stephen Covey

There are several different courses you can take with your business based upon what your exit strategy is. For that reason, it is always good to have a clear idea of your strategy from the very beginning. Some questions you might ask yourself are, 1) is there someone in the family who wants to continue with the business once you retire? 2) Is this business for purposes of a steady income over a set period of years, or 3) is

Is It Time To Expand? Questions To First Ask Yourself And Your Team.

The very nature of the typical entrepreneur is to think big and take the risks necessary to be big.  It is this trait in the many who have built America’s small businesses, that has made this country what it is today.  After a few years of success, most are looking for ways to expand upon that success.  However, there are a few questions one must ask before devoting the resources necessary for expansion.  First, and foremost; is there an untapped

Are You Promoting Your Customers??

Give them a shout out! There is no question that life is much easier when your customers love you.  Obviously, the number one way to make them love you is to provide a quality product or service in a timely manner.  However, another path to your customers’ hearts is by actively promoting their business anytime you can.  For the customers who are also your vendors, if you like their product, give them a written testimonial.  Customer promotion is much easier

Who Are Your Board of Directors?

It doesn’t matter how business savvy or smart someone is; no one person has all of the best answers on how to run a business. More and more small business owners are turning to trusted advisors to provide input when working toward and attaining their business goals. This network can be very similar to the board of directors that all large companies have, and should consist of people who have, themselves, been successful in business.  This can be especially effective for absentee

Cultivate Creativity!

I saw the greatest quote the other day. “Don’t think outside the box, think like there is no box”. For most entrepreneurs, personal creativity is probably not in short supply.  However, creativity is not always encouraged among the staff in a small business.  That means the owner is left to come up with all of the new ideas on his own.  It’s through creativity that the differentiating aspects of your business are born.  Also, problems are solved much more quickly

A Message To Truly Bad Customers – “You’re Fired”

First of all, let me make this very clear.  There are very few customers who can actually be defined as bad customers…. Don’t make the mistake of confusing a challenging customer with a bad customer.  Challenging customers are those who may be having a legitimate issue with your product or service and are at the present time making your life miserable.  Your number one priority is to address their issue.   Once that is done, nine times out of ten, they will move

“Waste Not Want Not” (aka Be Frugal)

“The way to wealth is as plain as the way to market. It depends chiefly on two words, industry and frugality: that is, waste neither time nor money, but make the best use of both. Without industry and frugality nothing will do, and with them everything.” ― Benjamin Franklin   This habit is usually an easy one for a small businessperson to adopt, as soon as the realization sets in that everything related to the business and its expenses is

Cash is King

  Cash is King! Most business owners with whom I talk seem to be obsessed with revenue and revenue growth. In fact, that is usually the lead when we discuss the health or salability of the business. However, what most potential buyers want to know, is how much cash will the company generate for them in the future years after the purchase. In most cases, the sales price will be based upon that number. Without a positive cash flow a

Award Winning Author and Inc. Magazine’s Editor-at-Large Bo Burlingham to Keynote B2B CFO’s Annual Meeting

B2B CFO, the nation’s largest CFO and Exit Strategies firm for privately held businesses, announced today that award winning author and Inc. Magazine’s Editor-at-Large, Bo Burlingham will keynote the National Partners Meeting to be held April 28-30, 2016. The invitation-only annual event that brings together all of B2B CFO’s Partners from across the country along with sponsors and special guests will be hosted at the Scottsdale Resort and Conference Center in Scottsdale, Arizona. “We’re so pleased to have Bo Burlingham