Operating Businesses
Overview
Building and running a business can be immensely rewarding, both personally and financially, but it comes with unique challenges and risks. To ensure success at each stage of growth and change of your operating business—from startup to maturity to succession planning and beyond—it's crucial to be adaptable while proactively preparing for what's ahead.
Curated Resources and Best Practices
For members of the FOX community, the curated resources here are part of the Operating Businesses Toolkit—which includes a brief overview and access link for each listed resource—that can be downloaded for future reference and further discussions with your family members and trusted advisors.
Business Sale and Exit
- The Unique Challenges of Pre-Liquidity Planning in 2024 (and 2025)
- Exit Strategy: Preparing Your Company
- Strategic vs Financial: A Side-by-Side Comparison
- Value Accelerationg: Increase Business Value and Liquidity
- 5 Questions to Expect from Outside Advisors at the Beginning of a Liquidity Event
- Liquidity Options Without Giving Up Control
- Preparing Your Private Company for an Eit: A Board's Role
- Empowered Planning: Your Business Transition (webcast)
Business Strategies
- Insurance As a Strategy for Your Business and Family Legacy
- Buy-Side Tactics—and Mistakes to Avoid
- The Strategy Checklist
- Strategic Growth Plans: The Basics, the Barriers, and the Pivot to Success
- Business Ownership—Buying In, Creating Value, and Getting Out (podcast)
- Building Momentum: Decoding Your Business Data (webcast)
Business Succession Planning
- The Purpose Trust: Monetize Your Business While Preserving Its Legacy for Future Generations
- Business Ownership at a Crossroad: Key Questions for Planning What's Next
- The Courage to Choose Wisely: Why the Succession Decision May Be a Defining Moment in Your Family
Business Values and Purpose
- Secrets of Successful Business-Owning Families
- A Road Well-Traveled: How Family Businesses Are Guiding the Sustainability Journey
- Good for Business, Good for the World
Business Vision and Mission
Business Governance
- Five Dynamics in Family Business
- The Need for Governance in Family-Owned Businesses
- Boundaries That Matter: Managing Family Assets Outside the Family Business
- Strengthen Your Family Business with a Family Governance Plan
Business Resilience and Continuity
- Building Risk Resilience into Your Business Strategy
- Risk Resilience Report: Keys to Building a More Resilient Business (with video)
- The Resilience Playbook: From Recession to Recovery and Beyond
- Business Continuity Planning and Checklist
- How to Make a Family Business Last Generations
Employment Policies
Operating Business Tools and Templates
- FOX Member Templates include sample corporate and legal documents and other helpful tools and illustrations to meet your business needs.
For more expert insights and guidance on other topics of interest, explore the full collection of Resource Toolkits.