The family owned business has many of the characteristics and issues of the privately-held business. Having family members in a business presents a unique set of complexities separate from the day-to-day routine of running a business. In addition to death and taxes, family businesses can be certain that change—sometimes gentle, sometimes turbulent—will be an ever-present fact of life in the business cycle.
Family companies have been changing at a pace as fast as new technology changes. The changes range from the economic influences of a global economy to the impact of younger generations unique outlook on succession. One thing remains a constant – the need for open communications within the family to build a business that can live into the future.
Issues in the family business are not unique but can become challenging obstacles when dealing with grandparents, parents, children, siblings, spouses, and even in-laws. They require a call to action for the current leadership—and next generation—of the family business to take a proactive stance in understanding this changing environment and instituting measures to help the family and its enterprise to survive and prosper.
Whether your business needs help with:
  1. Managing change and transitions
  2. Dealing with succession planning
  3. Trends related to diversity, gender
  4. Conflict resolution
  5. Globalization
  6. Creating advisor boards
  7. New rules of today's economic model versus staying with the old rules and struggling
  8. Identifying the Enterprise-Value of the company (financial, human, and intellectual capital)
  9. Identifying the transferable skills, credentials, and experiences needed to succeed in the new world
  10. Identifying, qualifying and nurturing trusted advisors to move into the future
  11. Involving Gen X and Y as a strategic advantage
  12. The price of capital, labor, energy, and the green movement
  13. Managing across the generations and life stages in the family business
Our objective insights will contribute to solutions that work for you and your family.