Financing Transitions: Managing Capital and Liquidity in the Family Business

Finally an Informative, Accessible Crash Course in Family Business Finance With fresh examples and insights, including a new chapter on private equity as a source of family business capital. Family businesses are walking a constant tightrope. On one side is the need for capital to grow the family business. On the other side is a need for shareholder liquidity. Shift too far one way or the other and it s a long way down sometimes without a net. Owners and managers of family businesses need to have a firm grasp of sound financial principles in order to walk that fine line between returns to shareholders and serving the needs of the business. When it was first published in 1995, Financing Transitions: Managing Capital and Liquidity in the Family Business brought sorely needed financial insight to thousands of family business members. It is now updated to include a greater level of financial sophistication as well as a broader array of tools, best practices, and ideas, including: Solutions for providing liquidity and family business capital; New chapters on private equity options for family businesses and family offices; Case studies and examples culled from decades of family business experience; The family effect and how it can make your business more effective. Strategic insights that will make your family business more sound. If you find family business financial practices to be among the most challenging aspects of your business, you need this book. And so do other family members in your business.