Build Back Better #2 – replacing friends and family with external investors
- On June 9, 2021
- By GrowthInvest Marketing
A business often looks to bring in an external investor when friends and family shareholders want to cash out. But outside finance can bring so much more, says Ian Dawson.
Welcome to the second article in our Build Back Better series. A question regularly asked is how businesses, which have originated and developed under family ownership can make the step to replacing friends and family with external investors, what the principal reasons might be for doing so and how the dynamic of your business might change as a result.
Following on from the first article in this series on the use of debt and/or equity when looking to grow your business, we asked Seneca Corporate finance director Ian Dawson to provide his take on the subject.
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