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.
One of the benefits that owners of family businesses have is the opportunity to transition the business to the next generation. And if the next generation is able to successfully take on the challenge, then the benefits will continue to accrue for the owners of the business.
I help family business owners
- understand the ownership issues and challenges that they face.
- 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.
- develop specific policies and agreements that are the primary tools that owners can use.
- 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.
- plan strategically for the future of their company
- develop a succession strategy that will help owners transition the business to the next generation.
Interested in discussing your family business needs further? Give me a call or send me an email.
Family Business Succession Planning, Governance, & Strategic Planning