Entrepreneurs have a knack of seizing opportunities that others don’t see, displaying the vision to develop a business and the courage to launch it.
However, additional skills and capability are often needed to turn great business ideas into commercial success stories.
Platform 1 finds the complementary talent to work with you full-time to help drive the business forward. This person will have different skills from you, typically honed from experience in a much larger business.
With real skin in the game, they’ll also often sacrifice a larger salary for the opportunity to purchase a share in your business. The level of equity you sell to them is up to you and detailed in a Memorandum of Understanding.
We ensure successful partial ownership transition via three key principles:
- The right person is found. We use the combined executive search experience and knowledge of the Platform 1 partners to identify the senior leader with the right talent to grow the business, access to equity and any other characteristics needed to work well with the owner.
- Selling equity on the right terms. Underpinning every solution is a Memorandum of Understanding that outlines the terms of purchase. Having worked with many owners, we know how to represent terms that work for both sides. As a result, you get access to someone of significant skill and experience who can add tangible value to the bottom line.
- Apply a high-level transition service. Critical to success is setting up a transition board made up of the incoming Business Partner, transitioning owner and a Platform 1 representative. The role of the transition board is to maintain focus on the Memorandum of Understanding and ensure the transition is smooth and successful.This involves monthly meetings between the three parties
- Get the investment funds and capability needed to moving your business to the next level
- As the Enterprise Value grows any future equity offered is based on that new Enterprise Value
- You keep working in the business doing what you enjoy and are great at. But the load is shared with a talented manager who has commercialisation expertise to help achieve your vision
Each business owner's goals are different and unique - as will be your Platform 1 programme.
CONTACT US TODAY FOR AN OBLIGATION FREE DISCUSSION