Family Businesses Have Different Considerations
Relationships. Family businesses present their own set of unique challenges. There are emotional aspects that impact the business due to the relationships between spouses, sons, daughters, brothers, sisters and other relatives. As those relationships evolve over time, and the skill-sets and vision of those involved change, expectations may need to be realigned to match the current needs of the business.
Often, the owner of a family run business has a difficult time making decisions or may find themselves compromising decisions in order to avoid conflicts. We become an independent resource for your family to help assess and manage performance issues or disputes.
Services for Family Owned Businesses Include
Issues Often Confronting Family Run Businesses
Clarity and Expectations
Balance. Family owned businesses can benefit from input and counsel from people outside the family. Non-family members can provide an objective, unbiased perspective. We help set goals for individuals, make sure family members have plans to achieve the company’s goals and monitor performance.