Should You Diversify Your Family Business?

Travis W. Harms, CFA, CPA/ABV, presented the session “Should You Diversify Your Family Business” at Transitions Spring Conference 2021 on March 24, 2021.  This conference was sponsored by Family Business Magazine. 

Diversification — such as entry into new lines of business, new geographies, or new markets — can protect your family enterprise from economic downturns.  In this presentation, he provides an overview of what is involved in diversifying a family business and the best way to calculate whether it’s the right move for the business.