Specialized Services for Family Businesses
- Over 80% of US businesses are family owned
- One third of companies in the Fortune 500 are family controlled
- Family firms employ over 50% of the total workforce in the US
- Family businesses generate over 40% of the national income
- Only three out of ten family businesses survive into the second generation
- Only one out of eight survives into the third generation
Entrepreneurial and family businesses possess unique sets of strengths, characteristics, and challenges. The intertwining of business concerns and goals with family issues, family history, family dynamics, and family members' roles in the family and business, create the potential for harmful conflict.
We offer services to help
Consultation for Owner-Founders -- A family business leader must make major decisions that affect both business and family. Sound judgment requires not only business knowledge but self-understanding. Let us work together to develop the three C's of authentic leadership -- Container, Communicator, and Cultivator. Read more
Consultation for Executive Couples -- A successful family business often has a sound and emotionally healthy marital unit for its base. Work and life demands; business pressures; and family conflicts impose major challenges on the integrity of the owner-founder's marriage. Our business insights and our work with thousands of families put us in a unique position to be of help.
Succession Planning -- This is a difficult topic, thorny at times, that tends to be neglected to the detriment of the business and family relations. We can work with your financial and legal advisors to design an ownership structure that fits your own unique situation.
Assessment and Development of Family Talent -- It is possible to measure and develop the aptitude, the skills, and the leadership talent of family members who desire entry into the family business. A coordinated plan of coaching and mentoring can be designed to maximize opportunities for both the company and the individual family member.
Strategy Formulation -- In order to ensure perpetuity all businesses must heed Yogi Berra's warning: "If you dont know where you are going you'll end up somewhere else." For the family, this means it must create a Vision -- a family business dream -- that includes significant overlap with the individual dreams of family members. We can help facilitate this process.
Resolution of Family Conflicts -- Parent-child, sibling, and in-law relationships can become strained due to the pressures and demands of a family business. We can help establish effective communication to deal with these conflicts.
It takes a great deal of time, tolerance, and work to keep a family business through generations. No two families are alike. We can help understand the complex dynamics of your family business. We can help develop the family business Vision, assess the potential, identify the obstacles, and work towards the development of a synergistic team. The desired objective is an organization where the individual and the group goals are the same.
Contact us for a confidential discussion about your family business needs.
Read Dr. Mario Alonso's Family Business Survival: Six Key Tasks Required for a Successful Family Business.
Read about our clients.