Startup/Technology Group

How can we grow the business without losing control or sight of our mission?"

How can we grow the business without losing control or sight of our mission?"

A Successful Start-Up Technology Company Confronting Business Challenges and Needs

ABC Technologies is the brainchild of a group of enterprising software engineers who put their heads together to create what has become a rapidly growing startup. The company has made it through two rounds of private equity investment already, and its success is largely a result of the innovative ideas, enthusiastic energy and long hours invested by the founders.

However, while these engineers are pioneers in the technology space, the business space (accounting, compliance, management, taxes) is unknown territory for them. As this is the first business any of them have owned, they’re looking for guidance on how to run it.

Additionally, as ABC Technologies continues its rapid pace of growth, it’s becoming necessary to consider next steps. The owners know they want to stay involved, but do they want to aim for expansion, acquisition or more funding?

Key Business and Operational Questions

How can we grow the business without losing control or sight of our mission?

How do we maintain or grow our position in the market?

What leadership positions/executive functions does our business need to succeed? 

What pace do we want to grow at? Are we growing too fast right now or not fast enough? 

Will a business advisor understand the value of our company?

Key Financial Considerations and Questions

Do we have the best legal structure for a potential sale or a partial sale to private equity?

Do we need additional funding? If so, how do we start another round of funding?

How can we get liquidity into our current venture without significant dilution of our current ownership?

What is the best retirement plan or non-qualified deferred comp plan that we can offer to potential employees to attract and retain talent?

Does this story sound familiar? If so, the Schneider Downs Exit and Succession Planning team can help. For more information, please contact us at [email protected].
Please note, our services are best suited for targeted businesses with revenue or value in excess of $5M.

 

About Schneider Downs Exit and Succession Planning

Schneider Downs’ Exit and Succession Planning services are multi-disciplined, fully integrated and holistic exit planning and succession solutions that are customized and designed for business owners by business owners. To learn more, visit our dedicated Exit and Succession Planning page.

The story, all names, characters, and incidents portrayed in this story are fictitious. No identification with actual persons (living or deceased), places, buildings, and products are intended or should be inferred. 

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