Family Run Business?
Although they have great strengths, these companies also come with unique vulnerabilities and issues that can derail growth, personal relationships and success.
Conflicts can be far-reaching and detrimental to the point of even destroying the business. Conflicts between the individuals and business must be resolved and equilibrium found for business success and to keep the members cohesive and operating a spirit of togetherness.
Wealth, Ownership and Family Relationship intersect to create situations that do not exist in corporations with unrelated owners. Family business challenges demand expert help to resolve.
Family Business Challenges
The people you love are in the business and they don’t get along, maybe shouldn’t be there at all but you can’t fire family can you?
Succession, governance, performance, compensation, relationships and communication are areas where we help family owned businesses.
It’s all complicated by a sense of obligation, absence or disinterest. When these arise, finding a path forward can appear insoluble.
Our experience working with over 2,000 family businesses over the past 30+ years means that we can bringing balance and harmony to your family businesses challenges.