Abstract
Financial management of the family business has entered a new era. In the past, business owners facing a capital or liquidity squeeze often felt they had very restricted choices once they ran out of debt capacity: limiting growth, selling out, or going public. Today, business owners have many new, less-drastic financial techniques at hand to weather financial transitions. Careful planning to meet capital and liquidity needs, often coupled with these techniques, can help the family business survive the many transitions in ownership, management, and strategy that must be made if it is to endure through the generations.
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© 2011 Family Business Consulting Group
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de Visscher, F.M., Aronoff, C.E., Ward, J.L. (2011). Summary. In: Financing Transitions. Family Business Leadership Series. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230116078_9
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DOI: https://doi.org/10.1057/9780230116078_9
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-0-230-11105-9
Online ISBN: 978-1-137-51383-0
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