Growth and Transition Services

Growth

Are you concerned about the long-term survival of your business?Are you troubled by the lack of growth for your company?

There are three primary stages in a company’s lifecycle: the formative stage, the mid-life phase and the exit or transition phase.

In the early, formative stage, growth is often seen as critical for survival. In mid-life, many companies struggle to keep growth going and do not know why what worked in the past no longer works. In late life, owners may look for a growth spurt to better position the company for sale or other transition.

Solid Oak Consulting helps companies at each of three critical stages in the corporate lifecycle.

Transition or Exit Strategy

If you are an owner contemplating a transition of the company to another family member or a third party, you face many decisions, which if faced sooner than later, can lead to success rather than failure in the transition.

  • Are you losing sleep because you are concerned the value of your business will not be enough to support you when you are ready to retire?
  • Are you concerned that most small businesses are not saleable at the time the owner chooses to transition?
  • Recent studies of small and medium sized private businesses in the US show that 85% of the business owners have no exit strategy. Further, these owners have 75% of their net worth tied up in their businesses.

How Solid Oak Can Help Your Business

Starting with a transition readiness evaluation and report, Solid Oak works with the business owner to develop a specific growth strategy to increase business value and an exit strategy to prepare for the longer term. Solid Oak then works closely with the owner to implement the strategy.

Increasing a company’s value is a team effort. In addition to the owner and key employees, Solid Oak works closely with the company’s CPA, bank and legal resources. If additional resources are needed in any of these areas, Solid Oak’s affiliation network can help supplement.

For a free initial meeting contact Tom Long or call 708-524-0886.

 


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