Family Business Consulting Firm | Strategic Solutions of WI

FAMILY BUSINESS CONSULTING

Positioning Your Family Business for Success

Tagiuri & Davis, 1982

Smart Business Planning
Family businesses have unique challenges and complexities because there is an interdependence between the family and the business systems, and often the boundaries of these two overlap. This results in family members avoiding conflict that deals with running the business and transferring power and wealth from one generation to the next.

We are experts at family dynamics and business strategy, and have spent years working with family businesses to address the emotional, personal and relationship issues which can often impact a business’s bottom line. Additionally, we help you identify strategies for success from the standpoint of ownership, management and succession. Our aim is to bring the family and business units together in a highly integrated manner to ensure the long-term well-being of both.

Common Family Business Issues

Are you concerned about the future of your family business once you are no longer involved?
Is there underlying stress and tension between family members working together?
Do you have a succession plan and an exit plan in place to ensure a smooth transition?
Are the individuals you have identified as next generation owners/leaders the right ones to take your business to the next levels of growth? Do these individuals have the skill sets, tools and training to be as successful as they can be?
Has your business seen significant growth in the past which has now stalled?
Have you invested a lot of blood, sweat and tears into creating and growing your family business?

Did you know:

Family businesses have a striking failure rate: approximately 30% survive the transition to the 2nd generation, only 12% to the 3rd and 3% into the 4th.
Over the next three to four decades, $30 trillion will be transferred from one generation to the next in the largest inter-generational transfer of wealth in U.S. history.
25% of senior family business shareholders have not completed any estate planning other than writing a will; 81% want the business to stay in the family, but 20% are not confident that the next generation is committed to the business.

The Road to Conflict Resolution
Many of our family business clients have initially been fearful of engaging in a consulting process because conflict with a family member or business partner is easier to avoid or pretend it doesn’t exist. However, our experience has shown that the opposite is true. The more people try to deny or avoid these issues, the worse things get … problems don’t get resolved, feelings intensify and situations can escalate into an all-out war.

Feedback consistently shows that once clients are able to express their fears and concerns to us, they feel a huge relief. That’s because we identify a process and work with them to help resolve their issues. This creates positive change in all aspects of their lives – personally (in family relationships), professionally (as business owners and leaders) and in business operations.

Get first-hand perspectives from clients who have turned to us for business management consulting!

FAMILY BUSINESS CONSULTINGPositioning Your Family Business for Success

FAMILY BUSINESS CONSULTING

Positioning Your Family Business for Success