Sabre Capital Announces Business Triage Services for Middle-Market Family Business Owners
In light of the economic shakeup happening with the outbreak of COVID-19, Sabre Capital is rising to the occasion to assist middle-market family business owners with a new set of services.
Sabre Capital’s Business Triage Services are aimed to help small and mid-sized family businesses survive COVID-19 and thrive thereafter, according to Sabre Capital founder Trip Holmes. “When we go through periods of economic decline, as well as uncertainty, business owners should first go to the planning table before making rash decisions,” he explained. “Over the last 35-plus years I’ve lived and worked through multiple recessions and crises, and good planning followed by focused execution can see business owners through to better times.”
Focus on Multiple Areas
Business Triage Services from Sabre Capital focus on key areas of running a business through critical stages. These services include:
· consulting and planning
· business model evaluation
· design and implement an aggressive accounts receivable debt collection strategy
· adjusting employee overhead for new economic realities
· spin-off of non-essential assets
· loan restructuring (modification of terms)
· workout negotiations with lenders (forbearance, fee waivers)
“When you have a market sell-off, followed by uncertain times, business owners need an offense/defense mentality,” said Holmes. “Offense means an intense focus on ways to bring cash in the front door, while defense means keeping it from leaving the back door. In a downturn, you often can’t sell your way out of it and ignore the necessary belt tightening of timely accounts receivable collections and overhead reduction actions.”
Still Keeping the Exit in Mind
Business owners normally turn to Sabre Capital for a full suite of planning services that touch the worlds of mergers, acquisitions, and divestitures, as well as services for unique aspects of family-run businesses, such as succession planning, hiring, and more.
“Look, everything we do in normal times, whether it’s business planning, exit strategies, succession planning, or prepping a business for sale, is all about getting that business owner ready for retirement and hitting their personal goals for their professional legacy,” explained Holmes. “Just because you hit months or even years of dealing with a downturn doesn’t mean you can’t still run your business with the end in mind. Hard times actually call upon us to double down in these areas. In many cases, business owners may lose ground, but we can slow that down or even limit the loss through these Business Triage Services.”
Get the Expertise and Teamwork You Need to Make the Right Decisions
With the outbreak of COVID-19, many in the business world are saying, “We’re all in this together.” This same sentiment is what drives our Business Triage Services. For many years, Sabre Capital has invested deeply in professional relationships, forming a formidable and flexible team ready to rise to any business challenge. We call this elite group of seasoned professionals the “Sabre Expert Network”.
“Through our network, we can leverage an impressive array of professionals to work on projects ranging from divesting unique assets to tightening debt collection and staffing analysis, much in the way we do when helping owners exit,” said Holmes. “These professionals come from diverse roles that serve middle-market business, from commercial and investment bankers to corporate and transactional legal counsel, estate planning attorneys, and financial planners. They believe in our processes and our white glove service standards, and they’ve seen it all, with a perspective gleaned on average from 20-40 years of industry service.”
At Sabre Capital, we know that time is of the essence for many of you out there. For some of you, the handwriting is on the wall, while for others of you, it’s the need for objective analysis and guidance. No matter the scope of your challenge or the level of urgency, call us today to discuss how we can help your company survive for brighter days ahead through our Business Triage Services.