What does a son, daughter, cousin or in-law think about the business owned by a family member? Platinum Partner Steve Coleman answers this question and more in the February/March issue of Upsize Minnesota. As Steve wrote, “Whether or not they are involved daily in that business, a family business does affect the entire family. Yet many business owners of privately held companies do not usually […]
An essential guide for owners and advisors alike
Platinum’s Tom Hubler has drawn from more than 35 years of his experience advising family businesses to author a new book called The Soul of Family Business: A practical guide to family business success and a loving family.
National research shows only 30 percent of family biz transitions are successful. Success improves to 80 percent when there is communication and a business transition plan. Since every business owner’s transition is different, BizBridge™ is an easy-to-use toolset to proactively create a highly tailored, individualized blueprint for each business owner’s transition. It combines Platinum’s business transition advice and proprietary tools to establish a transition roadmap […]
Sometimes a company may find itself unable to meet its obligations to lenders and vendors. Download sample Liquidation Analysis Spreadsheet
When business owners look at their monthly profit-and-loss statements, they may only be seeing the tip of the iceberg. It’s what looms underneath— that may cause enough damage to sink the ship — six or nine months down the road. Spotting trouble ahead of time takes more than a quick review of sales, net income and cash positions. More in-depth analysis is the key to […]
A guide for Business Owners to plan for an extended leave
A look at the Information Dashboard Advisory Safety Net
This Business Transitions process worksheet can be used by trusted advisors and their clients to track the progress of the transitions.
A five-step process based on Platinum Group’s experiences with owners going through transition, including understanding generational differences and impacts.
Learn about the Transition Readiness Self-Evaluation process