A five-step process based on Platinum Group’s experiences with owners going through transition, including understanding generational differences and impacts.
Transition Readiness Self-Evaluation
Learn about the Transition Readiness Self-Evaluation process
Growth Opportunities: Checklist for Improving Current Operations
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 […]
Running on Empty
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.
Working Together: Strategic Planning and Transition Sabbatical
How Platinum guided a family business toward successful succession and new growth
Refinancing/Consolidation Helped Company Make It Through Tough Time
How Platinum helped owner to get positioned for a strategic buyer
Communication is the Foundation for Successful Transition
How Platinum guided a successful succession through family communications
Developing Third-Generation Family Leadership and Governance
How Platinum facilitated family business succession and culture of communication
REBOOT: Interactive, whole-company process for employees to help drive a new vision through change
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. […]
What’s NEXT For You: Business Owners Share Their Transition Stories
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: