Family Business Need Succession Planning Tools
to Survive to the Next Generation
Consider
The Possibilities
The associates of The Family
Business Consulting Group, Inc, ®
understand the unique challenges that family businesses face.
We help both the family and the
business. From Fortune 500 operations to smaller,
closely held companies, we consult with family businesses
around the world. We explore solutions for all business and family issues, decide on the best course of action, and implement plans that will help the family business succeed for generations.
In
Order to Prosper, Family Businesses Need Assistance with the Strategic Planning
Process, Communication and Leadership Development
We've earned a reputation as a valuable resource in the family business community. Our team of associates includes specialists in all areas of family business, including management, psychology, team building, communications, finance, conflict resolution, succession planning, the strategic planning process and family business education. We've conducted our own research on a wide range of topics, from economic issues to interpersonal relationships. We are often called upon to share our results and our knowledge with the business community. The university and college programs we've helped start provide resources for family businesses throughout the country and are emulated international models.
"I've
done a great job as the founder of my family business.
But as I consider the future, the complexity seems
overwhelming: developing and selecting successors;
motivating key employees; funding retirement and estate
plans; renewing the company's strategy; reorganizing
for the future; keeping the family committed, loving
and happy; determining ownership. How can I sort it
all out in a way that makes sense?"
Weigh The Issues
Each family-owned company
has its own personality, its own set of values, its
own goals for success. Family-oriented issues of intergenerational
transitions, ownership, strong personalities and trust
must work hand-in-hand with the business issues of
finance, strategic planning, marketing, operations,
laws and regulations. As the family grows to second,
third and fourth generations, these issues become
more and more challenging.
"My
business has been in the family for three generations.
But as the family grows, siblings and cousins find
it harder to share control and agree on critical issues..What
will help these future leaders work together for long-term
business success?"
"My
children have matured and so has my business. My daughter
is now president, but I'm not sure what to do about
ownership. Should she answer to her brothers and sisters
even if they are not all in the business?"
"How should we structure our board of directors?
How can I do what's fair and right and best - for
the business, the family and each of our children?"
Strengthen Your Business
We help your family gather
information, choose the avenues that will work best,
plan a course of action, and implement your chosen
strategy. Because we realize that every family business
has its own set of goals and challenges, we'll help
you take the steps and make the decisions that will
grow your business consistent with family goals.
We'll help successive generations
of siblings and cousins work as teams to understand
what makes business work and make the decisions that
keep the business healthy. We can help your family's
rising leaders (and current leaders) build and manage
your board of directors, set dividend policies, establish
shareholder agreements, and deal with other critical
matters-all in ways that promote long-term family
commitment, fairness and harmony.
Our primary goal is to
help family owned and operated businesses successfully
combine family dynamics with business savvy. Of course,
some degree of conflict is inevitable within and between
a family and its business. That's why we offer special
expertise in helping grandparents, parents, children,
siblings, aunts, uncles and cousins work through impasses.
Once we've helped you get to the heart of the problem,
you can begin to make decisions together that will
strengthen your family - and your business - for the
long term.
Strengthen Your Family
To keep your family business
in business for generations to come, we seek to create
a strong sense of ownership and pride among all generations.
Our research and experience show that keeping a family
together as a working ownership group requires investment,
management and hard work. We've helped many family-owned
and operated companies address complex issues that
often arise from a mix of personal and professional
behaviors and aspirations. In particular, we have
facilitated many transitions of ownership and leadership
across generations. We help build strong family leadership
teams within each generation to carry on established
family business traditions and develop new ones to
meet changing times and markets. We can show you how
to promote communication and understanding. To provide
an overall sense of direction and continuity, we can
also help you outline your family's business and personal
goals.
Because no two families are alike,
The Family Business Consulting Group, Inc. ®
does not offer the same solution twice. Instead, we concentrate
on providing the flexibility to adapt to your family's situation,
work style and values . Because our associates offer such
a wide array of expertise,we build a team of professionals
custom-made for your family, your business and the unique
challenges you face.
To
find out more, please contact us toll free at 888-421-0110
Please register to receive
a complimentary brochure, periodic special reports
and internally produced articles based on our research
and work with family businesses around the world.
