Growing the value of the business back: positioning your family business for value creation
As family businesses prepare to move into the “next normal” following the COVID-19 pandemic, many are beginning to shift their focus to revising their strategic plan and rebuilding lost value. Many family-owned businesses are reporting a decrease in revenue and profitability, which has led to a corresponding negative impact on valuation and left current generation owners reevaluating their plans to continue in the business. In order to increase values, a strategy must be developed to leverage growth drivers and minimize risk drivers in light of the next normal.
In this on-demand webinar Erich Bergen, along with David Shaw of Family Business Magazine, discuss strategies for rebuilding growth and value for family-owned businesses. The webinar covers:
- The impact COVID-19 has had on family-owned businesses
- Six key “recovery to growth” strategies
- Translating strategy to recover business
For more information or to learn how Baker Tilly specialists can help, reach out to your Baker Tilly professional or contact our team.
