Privatus Ci3o Services Llc Careers in New York, NY

Would a family or family operating business knowingly leave $200 million or more on the transaction table? It happens. A lot. In 2012, only 1 in 5 ultra affluent owners successfully transitioned their business with clarity and transparency of process and outcomes. Over time and history only 1 in 10, or to be generous, 2 in 10 owners and families are able to overcome the odds of keeping wealth, power or legacy intact over 3 generations. When focus turns to liquidity, too many entrepreneurs get out of their business based upon their “gut” – often reacting to an external event, with no plan. When the numbers are large, shooting “from the hip approach” is believed by all to be genius. Yet an absence of strategic thinking by owners, board members and advisors allows large amounts to be left on the transaction table. The odds of keeping wealth are 50/50, at best. The odds of achieving post-transition goals in this manner is abysmal. This is reflected in the 1 in 10 odds of family t