Realigning People to Evolve with the Business

Transitioning Family-Run Businesses

Transitioning Family-Run Businesses

Family-run businesses come with a unique set of challenges. If you run a family business, you know that it is not uncommon for unproductive family dynamics to flow over into the workday. Stakes are high when personal relationships are directly and closely connected with the success of your business. Misunderstandings, disagreements, and even resentment can occur when family members are not on the same page. Understanding the challenges your family business faces is our top priority, but we’ve also identified important steps for effective change. We will work with you to develop a transition process that addresses the following questions:

•       What is the “end game” for the family business?

•       What is most important in how we get there?

•       What do we most value?

•       How do we handle family differences and disagreements?

•       What are the “non-negotiables” during this time of change?

•       What are the specific roles and individual responsibilities of each family member?