Is your business a closely held or family owned company? About half of the manufacturing companies in Missouri are. Do you anticipate that your company will attempt a transfer of ownership or management in the next five years? Again, statistics show about 50% of Missouri manufacturers will. Sadly, projections are that less than 40% of those companies attempting such a transfer will be successful. The potential loss of jobs and economic activity is dramatic.
In response to these projections and our mission to help our peers in the Missouri manufacturing community, we have committed substantial resources to help small and medium-sized manufacturers create and implement transition plans. To accomplish this, a number of Missouri Enterprise’s staff experts have undergone extensive training and become certified Business Transition Advisors with the Galliard Family Business Institute, a nationally recognized leader in business planning.
With Missouri Enterprise’s Business Transition Advisors, you have the expertise and guidance you need to evaluate, plan and execute the successful transition of your business, helping you thrive today, while maximizing your company’s valuation for the future.
It all begins with an in-depth assessment that provides closely-held business owners with a baseline analysis of their company’s status in key areas, including:
- Company Valuation (including ways to increase valuation)
- Sales and Marketing
- Financial Management
- Product Differentiation
- Customer Satisfaction
- Human Resources
- And many more
Our Business Transition Assessments yield detailed, practical, easy to read reports that offer specific observations about your company, suggestions for improvement, ideas for consideration and resources for on-going education and support. These assessments and expert consultation with our certified Business Transition Advisors bring you high value with a minimal initial investment.
Business Transition Planning (BTP) Program
For more information or for a complimentary consultation to review your needs and provide innovative solutions for your business, contact your Missouri Enterprise Area Business Manager.