No business owner sets out to eventually send his or her company into bankruptcy. But over time it may seem inevitable. There are many ways Chapter 11 can still be avoided—and good reasons to pursue them. If unavoidable, there are important steps to take to ensure a filing doesn’t make matters even worse. Economic news of late makes this topic timelier now than during the […]

By Bob Stewart Everyone who has built or run a successful business wants that enterprise to last longer than their tenure—or even longer than their lifetime. But businesses require vision and leadership. What happens at the point in time where the person providing that vision and leadership steps away? Platinum consultants have advised hundreds of businesses as they have worked through this inevitability. Although we […]

By Bob Stewart I’ve been thinking a lot about my own mortality lately. That’s probably because a number of people close to me have died. We so easily forget that the circle of life on this planet far too soon will no longer include us. Tempus fugit. In the context of advising business owners, this realization reinforces for me the importance of planning ahead. Prepare […]

By Ron Leaf, Partner This may seem like a simple question but too often when we assess companies, we find there is a lack of understanding of, and/or attention to, the key drivers of the business. The owner or CEO has done many things very well but cannot explain a clear business model and how past results are used to enhance current activities and future […]

By Dean Bachelor, Founder and Chairman More than a decade ago, our country was showing signs of recovery from one of the deepest and most significant recessions in American history. They called it the “Great Recession.” It was deep and broad, and it affected almost every business in the country. It began as a sub-prime real estate correction and led to one of the largest-ever […]