“Change is inevitable. Change is constant” Benjamin Disraeli
Businesses, like people, have a life cycle to them. Your business in its early years may pursue strategies that demonstrate a willingness to endure greater risk for earning greater rewards. As your business matures, you may choose strategies that emphasize consistency and cash flow over risk-reward trade-offs. At some point, you may even consider a change which could take several different forms:
- Increasing the involvement and responsibility of the next generation in the business
- Recruiting a seasoned executive to manage the day-to-day operations while you ratchet back your time commitment or assume the role of Chairperson
- Positioning the company for sale
Please contact us to discuss how we can help drive your growth to the next level.