Every business owner faces the challenge: take control of your business transition, or let other forces control the outcome.
Running your business is second nature to you– the central plot in your life’s story. You are the main character, and it may be difficult to envision someone else taking your place. But planning for the eventual transition of your business and for life after the business – your next chapter – is the culminating achievement of your career.
Harvest Capital can guide the successful transition of a family business to new owners and management, from within the family or the outside, and develop a financial strategy to help outgoing owners sustain a lifestyle to which they are accustomed.
Preparing to transition a family business is everyone’s business; participation and input from the entire family is essential. For many families, this is the most intimidating aspect of the entire process. Our team specializes in helping families navigate the “human side” of transition. We facilitate family meetings in which all members of the family have an opportunity to share their thoughts, concerns and ideas for the transition and a family vision for the future. When family members have opposing views, we help them identify mutual interests on which they can agree, and a common, united way forward.
We’ve made it a bit easier to understand by writing a whitepaper titled "Family Business Transition Planning". We invite you to download the PDF here
Whether the transition involves transfer to a new generation of family members or sale to a third party, we access the full capabilities of our network of professional advisors to define and carry out the decisions necessary to balance both family and business transition goals. We bring your entire team – family, colleagues, advisors, other professionals – together to work toward common goals.
Together, we outline the plot and draft the narrative for your family’s future.