Family Business Succession Planning, Governance, & Strategic Planning
Family owned businesses aren't successful by accident. It takes planning and preparation. It takes solid business fundamentals, good people, innovation and commitment. It takes proactive management of the relationships that the business has with family members and the relationships that family members have between themselves.
I help family business owners understand the ownership issues and challenges that they face. I help them develop strategies to address these issues and challenges, which in turn helps them to minimize the potential impact that those issues might have on the business now and in the future.
I help family business owners develop specific policies and agreements that are the primary tools that owners can use. I help facilitate discussions with family members so that everyone is on the same page and understands the reasoning behind the policies and agreements that are proposed.
Every business benefits by planning for its future. Strategic Planning is an activity that too many business owners overlook. Can you anticipate what your competition is doing that might gradually erode market share and profitability? Have you taken the time to consider where future opportunities for growth exist? Have you included the next generation in your planning process so that they understand and embrace your vision and goals? Are they prepared to develop their own vision for the company when it becomes their turn to take the helm?
Interested in discussing your family business needs further? Give me a call or send me an email.