Without the company, the family’s perception of itself and its purpose can change, and it is often something that members are not prepared for. Their focus was on running the business and then on the sale; little thought went into what comes next.
Last Friday, the New York Times published a tremendous piece entitled, “What’s Left After a Family Business is Sold?” The article highlighted the fundamental reason Family Capital Strategy was formed. In the busyness of a liquidity event or other transformational change in the nature of a family’s investment together, little time or thought is given to the questions of what come next.
You can read the NY Times Piece by clicking here: