 |
 |
Surviving the initial startup and the subsequent buildup of a successful business is a tremendous accomplishment. In this section, you will find resources for taking the next step in growing your business beyond its current status.
|
|
 |
 |
 |
|
Considerations for Succession Planning
By Andra J. Hedrick
No one likes to think about his or her own mortality. Business owners are no exception. Learn about preparing your company for its future without you. |
|
|
|
|
 |
|
|
Additional information:
Credit and Cash Flow
Venture Financing
|
 |
 |
I need venture capital funding.
|
Before you seek venture financing, it’s important to understand that most venture firms expect some form of ownership and control when they invest in a company. As the business owner, you have to decide how much ownership and the type of control you are willing to give up. An attorney can help you assess the pros and cons of seeking venture capital. |
|
|
 |
|
|
Key employees want ownership in the company.
|
Giving ownership brings many tough decisions, such as how much to give, who should receive it, and how to value it. The most critical step is to examine why employees are seeking ownership. Understanding their motivations may help you identify appropriate substitutes for stock. |
|
|
|
|
