Family business: Strategies for current market, long-term exit

Family business owners must regularly stress test their financial and cash flow projections, as well as work towards long-term strategies, say experts 

Family business advice: Companies should assess their current asset and cashflow positions to determine their debt financing requirements, as well as having a long-term plan for the business.  Photo: iStock

Running any family business requires strategies that cover the full range from immediate cashflow management through to succession.

In recent years, a series of domestic and global market challenges have forced business owners to sharpen their focus on cashflow management.