Company Profile

Practical Management Solutions
General Business Advisor
As a general business advisor, I offer advice in all areas of business management, particularly in the areas of financial analysis and control as well as in operational process design, development, implementation and control. I emphasize the importance of paying attention to ALL areas of the business, particularly those in which the current owner/managers feels they are less skilled or knowledgeable, or in which they simply don’t like. (Most managers gravitate towards those areas of the business in which they excel naturally and/or are most familiar or comfortable with. This leaves them lacking in other areas, unless they recognize and hire competent individuals to perform those duties.)

My approach is to make the owner/manager more comfortable in the areas they traditionally are not adept at, which is in reading financial statements, understanding what they indicate, understanding financial ratios and using all of these tools to make good business decisions going forward.

Individual Profile - Elizabeth Illgen

I have both a BA and MBA in Business, with a concentration in International Business. In addition, I have worked for both fortune 100 companies and privately held “mom” and “pop” shops, and have owned my own business for the past five years. Further, I am currently a member of the Mercer Chamber of Commerce serving on the membership, Women in Business and Small Business Committees. I am an Accredited Associate of the Institute for Independent Business (a non-profit organization dedicated to research and resources for small business owners) and a Counselor and Seminar Leader for the Mercer/Middlesex SBDC/SBA. Finally, I have worked in several different industries including Telecom, Manufacturing, Consulting, Information Technology, Restuarant /Hospitatilty, Non-Profit and Retail. In short, I have a wide variety of experience in every functional area of business, as well as an “outside the box” approach to solving business problems that makes me uniquely qualified to provide solid business advice to any business owner.

Private Consultation

Strategy Sessions
Areas of consultation sales/marketing, operations, human resources, strategic and/or business planning, development of a marketing plan or program , distribution or supply chain management, business expansion, sources of funding, and how to obtain them, expense management, financial statement analysis and control, obtaining and negotiating insurance, accounting, legal and other professional services, development of policies and procedures, starting or expanding a business and exit strategies and how to maximize value prior to execution and change management.