Business Valuation and Succession Planning for Closely-Held and Family-Owned Businesses
Do you know the value of your business and have you planned for your business succession strategy? At EisnerAmper, our goal is to ensure you know the value of your business and that you are ready to transition your family business. We can assist by developing a clear strategy for business succession, growth and what kind of talent will help you get there.
We can also help develop a strong leadership team, along with practices and policies to support that team, while managing any inherent risks. Take a moment to fill out the personal business Prospectus worksheet to begin your process of understanding the value of your business.
0:00 Hello, I’m Lise Stewart and I am the director of the EisnerAmper Center for Family Business Excellence.
0:06 Speaking of business, do you know the value of your business? Is it ready to sell if the right opportunity came along? Do you have the best management team in place to take over, if and when you decide to leave? And what about succession planning – do all of your key positions have great people ready to step into those roles when the current leader steps away? Or perhaps you are considering bringing someone in from the outside to offer a fresh perspective, new skills and a better way to lead your business to realize its full potential.
0:36 I know, you are probably way too busy just running your company to even think about these things! At EisnerAmper, we want to ensure that you have a strong and healthy business that is ready to transition when you are! We do this by helping you to develop a clear strategy for growth and business success and then figuring out what kind of talent you need on your team to get you there! We can also help you to develop a strong leadership team, develop the policies and practices to support that team and the growth of your business, as well as manage many of the inherent risks associated with ownership.
1:13 Take a moment to fill out the personal business Prospectus worksheet that you’ll find here on the website to begin your process of understanding the value of your business. Or take a look at our materials on building a strong leadership team or developing a simple strategic plan. Wherever you start your journey, we are here to help!
Do you lead a family owned or closely-held business? Have you ever sat awake at night wondering about the future of your company? If you are grappling with these challenges of running a family-owned or closely-held business, we are here to help.
At EisnerAmper, we have a team of dedicated professionals, steeped in the nuances of family-owned and closely-held businesses, who can help you to identify the best path forward for you, your family and your business.
The family in a family business can be a wonderful blessing, and a tremendous challenge! We are here to help you create succession strategies that will ensure the long-term success of your business as well as create greater harmony in the family.
Have you ever considered an advisory board? Here are four things that you can do to ensure your board is there to help you to increase the value of your business to make sure you can leave the legacy behind that’s important to you.
A family charter is a simple document that provides an opportunity for family members to come together and to talk about some of these important issues. On our website, you will find a document that outlines some of the key questions.