If you are an entrepreneur seeking funding for your newly established or growing business, family offices are an increasingly sought after investment partner. Depending upon the stage of your company’s life cycle, a family office may be the right partner for you.
Each type of funding has its own unique benefits. Here are some of the top advantages of partnering with a family office.
Alignment with Core Values
Family offices are unique in that they are not beholden to the same standards as banks, finance firms, or other capital groups, and can evaluate and fund any investments they see fit with their values. Family offices care most about investments that meet their interests and values. Because of this, it’s important that you research a family office’s mission, vision, values, and interests to make sure your goals and vision align before seeking funding from them.
Family offices typically would much rather have long-term relationships than one-and-done investments. This makes this time of partnership a win, win for both parties, and this is one of the main reasons that it is imperative that your goals line up with the family office’s interests and values. If those basic interests align, this is an attractive long-term investment for both parties.
Another benefit is the experience that the family office has to offer to the entrepreneur. Because the founder and entrepreneur are often already aligned, the mentorship relationship can prove to be invaluable. As anyone who has started their own business can tell you, there are so many questions and challenges that arise in those first years of business. Having someone in your corner, who thinks the way you think and has the hindsight of having already walked in your shoes, can be an enormous benefit to your business.
Flexibility and Adaptability
At Scandia Family, we do not approach our investments based on returns or profit margins like many other types of funders, but rather foster environments that maximize profitability for all involved by respecting the human element that is inherent in all partnerships. As a partner-centric family office, we put our expertise to work to add value to each and every investment and help our partners conquer any obstacle in their path.
Being a family office is what makes all of this possible for Scandia. We maintain a high standard of excellence while also understanding that we are partnering with real people. Above all, we strive to be flexible and adaptable while relentlessly pursuing excellence. If these ideals align with your pursuits, reach out to us to start a conversation. We are proud of our thoughtful partnerships and investments. You can learn more about our current investments by viewing our partnership portfolio and real estate holdings.