Companies can look for growth opportunities by focusing on their core strengths and finding ways to dominate the space in which they currently hold. Many times, this begins by improving current operations. For example: ✓ Consider changes within the supply chain. Simplify the purchasing activity. Strategic partnerships with fewer suppliers can lower costs through higher volume purchases. Find ways to use more common parts between […]
Enhanced forecasting can help firms take action before exhausting their cash
Ever feel on the brink of cash flow exhaustion? You know the signs: an abrupt change in the marketplace, a failed ownership transition, mismanagement or simply the failure to make your sales forecast from month to month. The result is the same in each case: running out of cash.
How Platinum guided a family business toward successful succession and new growth
How Platinum helped owner to get positioned for a strategic buyer
How Platinum guided a successful succession through family communications
How Platinum facilitated family business succession and culture of communication
Establish a new vision with new goals after an acquisition, downsizing, turnaround or COVID-19 closures. Re·boot [v. ree-boot; n. ree-boot, ree-boot,] To restart a computer by loading the operating system. It’s the beginning of a new reality for the employees after a merger, acquisition, downsizing, turnaround or COVID-19 closure. Changes can be dramatic. Moving employees from one location to another, closing a facility, and consolidating functions are just a few examples. […]
The new book co-authored by Platinum’s Steve Coleman and Jim Gambone has been featured in a three-part series on the Business Journal’s national how-to strategy web site. The series focuses on key areas of business transition discussed in their book, “Find What’s NEXT For You: Business Owners Share Their Transition Stories.” Read the articles about:
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.” Packed with family best practices and practical tips from managing conflict to succession planning, “The Soul of the Family Business” is an essential guide for family business […]
Platinum Group received the national “Turnaround of the Year” award by the Turnaround Management Association (TMA) for its financial advisory work on behalf of Christ’s Household of Faith, Inc. (CHOF), a St. Paul-based nonprofit. This apostolic community of 470 members live in homes owned by CHOF and work in various entities operated by CHOF, providing residential remodeling and renovation services. Hit by a revenue crisis […]