Family Business Succession Planning

The ordinary difficulties involved in just running a business are compounded in the Family business setting by the overlay of family relationships expectations and demands. If the business has successfully integrated members of the 2nd generation its problems are likely to be multiplied when effort is made to bring yet another generation into the business.

The emotional and psychological toll exacted by family pressures upon members participating in the active management of a family business can be enormous, and often are not fully understood or appreciated.We have found it important to recognize that relationships associated with family membership can have an effect either positive or negative on management decisions about job titles and/or performance of the person in a job. Non-family-owned business is conducted in the pure business context, free of family related influence.

When Fathers, Sisters, Cousins, Uncles, Mothers, even Brothers are all intermingled with non-family personnel in the work place the term “Dysfunctional Family” can take on a whole new definition closer to “Organized Chaos”. When the company includes a mixture of generations, some active some not, with differing opinions about entitlements, ownership rights, and who is or is not an effective participant, the condition can easily be described as “Dysfunctional Chaos”.

Family situations intertwined with your business environment can rarely be satisfactorily resolved without outside professional guidance. As family business succession planning experts our goal is to thoroughly evaluate all aspects of your business situation to develop the best path forward.

How we work for you:

We meet initially with you and welcome the inclusion of your financial and/or legal advisor and in complete confidentiality identify the critical situations you face.

Upon engagement we perform a Business MRI™ resulting in a thorough analysis and a well structured Roadmap to Success that includes performance mileposts and directs your company toward achievable goals.

We provide a Team Leader who can be engaged as interim management or consultant to The Company while the programs and practices described in the Roadmap to Success are put into effect.

Both ways we can help you achieve cost effective, positive and timely results for your Company, its investors and creditors.

We solve your problems while striving to satisfy all parties at the corporate table.

Take Action! Tell us: What is your need or most pressing problem?

 

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