Family businesses transitions are complicated because they involve sound business planning and interpersonal dynamics between siblings and siblings with parents. Along with good business acumen, issues of trust, and sibling competition become important factors that influence and determine the successful transition and ultimate continued success of the business.
A family business needs a specific type of consultant to guide the way through these difficult times. Business expertise is not enough. Psychological understanding of family dynamics and interpersonal relations is critical.
If you have a family business that is in transition from one generation to another, give me a call and we can determine what you need to keep your important family business viable and maintain the love and caring between all family members. Oftentimes, long standing unresolved family issues become the major obstacle in this business transition.
The “changing of the guard” can be a great opportunity to resolve family issues, create more love between all members and continue with a successful business. We have a team of experts that can guide and help you through this important process.