FAMILY BUSINESS ADVISORY

We know that family business owners need to take a holistic view of their family especially when aligning the strategic planning of the family with that of the business. The most successful family businesses make it a priority to understand the dynamics of family relationships and to create rules that promote family identity, harmony and long-term success.

We add value to your family by ensuring the proposed family governance complements and promotes your family’s identity. We know that it is fundamental to ensure that the structure of your family’s wealth enhances the structure of the business. For example, we can help when the business transitions from one generation of the family to the next. We plan this change well in advance and within the framework provided by your family constitution. The dynamics of your family’s relationships are then assessed to ensure that everyone involved knows what is proposed and when it is going to change.

We can make use of a variety of top professionals, when your family situation requires them, who can assist in ensuring that relationships within your family retain their effectiveness.

 

We can assist your family to balance:

  • the needs and requirements for financial security
  • the various personalities in your family and the need for control over the business
  • the requirements of the business to grow and expand, and maximise the potential of the business
  • Not only do we assist with the structure of your family’s wealth and the business, but also the relationships within your family.
  • We really care about supporting you and your family. Let’s face the challenges together over the coming generations and, more specifically, let us prepare for the changes that will need to take place – ensuring the legacy continues.

 

Next: Family Governance

 

We know that family business owners need to take a holistic view of their family especially when aligning the strategic planning of the family with that of the business. The most successful family businesses make it a priority to understand the dynamics of family relationships and to create rules that promote family identity, harmony and long-term success.

"Governance based on trust allows management responsibilities to be allocated amongst family members - and the insiders who are treaded as family - based on trusting each other's talent.  They know each other well enough to understand their respective strengths and weaknesses and they trust each other to deliver."

- Who do you trust?  Ken McCracken;  Familia;  February 2015