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It is normal that conflicts arise in the interaction of family and business, as the two systems run by different rules and have different goals. From succession issues involving management and leadership, to governance and ownership transition, the possible conflicts are endless. In addition to family interference, problems can result from divorce or death, compensation, or disagreements about the future direction of the company. Family businesses struggling with internal conflicts risk business and family dysfunction. Because of this, it is essential to have a strategic plan and guidelines in place to address any future family business challenges that arise. I can assist you in resolving family business challenges even after they have become crises.
As a Family Business Advisor certified by the Family Firm Institute, I can help minimize future conflicts by working with the business family to make critical decisions to safeguard the future. We’ll discuss issues of leadership succession (e.g. when the founder wants to plan for retirement); sale of the business to senior employees, family members, or third parties; mentoring family members for eventual leadership; and structuring a governance system. Among other things, in conjunction with corporate counsel, I can assist you in developing family charters, rules of conduct, shareholder agreements, and bylaws.
Conflict has the potential to destroy a family business. With clear plans and strategies in place before a problem occurs, conflict can be a growth opportunity. Contact me for a free consultation to see how I can help you protect your business.