Platinum Group’s transition consultants will guide you through business succession planning by building a roadmap for reaching your business and personal goals.
How do I prepare for business transition?
That’s a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.
As transition consultants to privately held and family owned businesses for more than three decades, Platinum Group mentors owners through the business transition process—and beyond. We are excited to work with you to achieve your vision and satisfying future. To create a successful business succession, we will work closely with you and your company’s trusted advisors, including bankers, lawyers, accountants and financial consultants.
Exit Strategy Examples
Our experience shows it typically takes two to five years to develop and start implementing a sound transition plan. For example:
- We helped one business owner get positioned for a strategic buyer by solving his struggle with unprofitable operations, eroding revenue base and need to refinance. One year after we installed a new lender, we negotiated letters of intent from prospective buyers. This owner is now enjoying a fulfilling retirement.
- Another owner was ready to retire but a prospective buyer wanted him to stay and run the business. We helped him to increase business value through an acquisition that created leadership for the future. We integrated the merger and facilitated the sale to a private equity firm. Now, this owner consults on the side while spending more time with family.
- The 60-year-old founder of a family owned business was uncertain about who would own and run the company, yet he was reluctant to let go. We facilitated a family communication process to create a five-year transition plan. The founder has a defined sale of business with a trailing stream of income, with family ownership continuing into the next generation.
Read more case studies to learn about unique business transition challenges and customized transition strategies.
Create a Vision — Business Transition Perspectives
How are other owners thinking about business succession?
Join our Owner Transition Forum to gain fresh perspectives from other owners’ experiences. These monthly breakfast roundtables offer insights and open dialog around real business transition stories in a confidential setting.
Platinum Group has helped more than 500 owners through business succession. In fact, we’ve written a book about the uniqueness of every owner’s transition called “What’s NEXT for You: Business Owners Share Their Transition Stories.”
