Changing attitudes toward family business finance.

Helping cash-strapped family businesses shift their financing paradigm

When it comes to finance, no family business has the luxury of hoarding cash forever. Time will force the issue. When a family firm reaches the third or fourth generation, it typically runs out of cash and the owners must rethink how to finance the business. Change is thrust upon them.

Many families have to change their attitudes about financing their businesses--their financing paradigms--to find sources of capital that they haven't so far needed to find. In doing so, family members may need to stretch...