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Plan for Succession (7th)
Up one levelAction Step 7 - Planning for business succession is not often easily accomplished. There are specialized elements of this process that require the skills of experienced advisors, including attorneys, accountants, and financial intermediaries. The typical scenario of an offer for the purchase of a business suffers from the lack of advance planning, whereby the owners do not maximize their return on investment.
Ideally, several years before the transfer of the business, alternative plans are considered and planning takes place for the most likely outcomes, to be executed at favorable times in the business cycle. It is important to perform this business succession planning process for implementation with voluntary transfers (sale of business, retirement, management buyout, family member purchases) so that plans are in place for the unexpected, involuntary transfers (death, disability, industry consolidations).
- Wedbush Capital Partners — last modified 2007-12-28 11:37
- Wedbush Capital Partners is a $120 million private equity fund that focuses on recapitalizations, growth investments, and management-led buyouts of lower middle-market companies. We acquire and build growing companies headquartered in the Western U.S. that have revenues of at least $10 are profitable at the time of the investment. Our preferred initial investment is $2 to $10 million of equity. Since 1980, we have invested in more than 75 companies in industries including consumer products and services, business and financial services and niche manufacturing. Wedbush Capital Partners is an affiliate of Wedbush Morgan Securities, a leading NYSE investment bank with offices across the Western U.S.
- The Christman Group — last modified 2006-02-10 10:05
- Whether you want to sell your business today ... or in five years, we specialize in helping you do it the right way. You've invested years in building your business. Now it's time to convert that sweat equity into wealth.
- Passing on the Crown - Family Businesses and How a Family Firm can Avoid a Succession Crisis — last modified 2006-03-13 11:08
- More family firms are facing up to their biggest problem: avoiding a crisis as the business passes from one generation to the next
- Raising Capital and Developing Exit Strategies for the Closely Held Business Owner: A Tutorial for FinancialProfessionals — last modified 2007-03-27 14:44
- This article will detail a number of concerns of the 21st century small-to-middle market business owner and the ways in which financial professionals can help address those concerns, including raising capital to support the growth of a business and, ultimately, deriving liquidity from the significant amount of wealth tied up in a business.