Frequently Asked Questions
Q: What does The Family Business Institute do?
We facilitate lasting business success and family harmony for our clients. When it comes to family companies, business operations often get in the way of harmonious family life, and dysfunctional family patterns get in the way of a profitable business life. The traditional, textbook, technical solutions to most problems associated with family companies don’t usually work. Family owned businesses have unique needs, and those needs require unique solutions.
Q: How do you help?
We help family businesses in radical ways: we actually talk to the stakeholders invested in the outcome of the family enterprise to try to determine their dreams, wishes, and desires. We interview not just family members employed by the business but also their spouses, key executives, family members who aren’t employed in the company, and others who may be influential in business family affairs (such as the family’s CPA or attorney). We bring an outside perspective and common sense to resolve sticky family business issues. Our experience in successfully resolving hundreds of family difficulties over the years has taught us that if there is hope and a real desire to improve the situation, win-win solutions exist, successful implementation is within your reach.
Q: I rely on my advisors (CPA, attorney, etc), why do I need you?
The Family Business Institute does not compete with any of your existing professionals. We don’t prepare tax returns or perform audits, and we don’t write contracts or practice law. The work we do complements the work done by your other professionals, and we partner with those individuals to resolve the uncomfortable issues that often face families in business together. Rather than focus on one relatively narrow part of the family owned business equation, we take a broad, holistic approach to understanding the family and the business. We also provide “soft” services to family companies like improving their communications abilities and creating comprehensive business strategies that traditional advisors don’t usually offer.
Q: How do we contact you?
Click here or simply give us a call at 877-326-2493.
Recent Posts
How To Create More Time
The universal complaint among leaders in the construction industry is that there just aren't enough hours in the day to get everything done! Construction can be a relentless, demanding industry; in fact, a contractor once told Wayne "It's like being a baseball umpire....
Great People Lead to Greater Success
Every successful construction firm is populated by a plurality of high performers. But high performing teams don't materialize out of thin air. Building a great team starts with attracting and hiring the right people and getting them into the right seats on your bus....
What is a Business Plan NOT?
You better believe that we at FBI have seen hundreds of contractor "business plans" over the years. A few (a pitiful few) have been well done, but most have been real stinkers! Some contractors even paid over six figures for plans that were pretty much useless for...