Historically, family business owners have relied on their own entrepreneurial skills and prowess for success. In instances where they have need for specific expertise, they have sought out traditional advisors (e.g. CPAs, attorneys, bankers, and/or financial planners). Due to their relatively narrow focus, such specialists alone are insufficient for many family businesses because they fail to recognize and deliver solutions that address issues beyond financial or technical components.
Your long term success requires a well-balanced look at not only the typical financial structures of the family business, but also the structures which deal with operations and management of the family owned business and how well or poorly people in the system function together. Our experienced consultants take a unique, collaborative approach that focuses on balancing interpersonal, operational, and financial issues to help family and closely held businesses achieve breakthrough success.
Recent Posts
Dispute Resolution is Critically Important in Construction
No contractor wants to end up in the headlines because of a dispute over a project gone bad. And yet Dennis found three separate instances in one week where parties had disputed over various contractual provisions. No one wins when disagreements over contracts end up...
Pressure Is a Privilege
Around Labor Day, Wayne was watching the U.S. Open tennis tournament and caught sight of an engraved plaque that competitors walked by upon their exits to the stadium court. It said, “Pressure is a privilege.” That’s a curious statement… Where did it come from, and...
Is It Good to Have Partners in Business?
FBI’s Doug McCright says that every decision in business is a trade-off. There are no perfect answers – only trade-offs between better or worse. Having a partner(s) in business has many pros, but it also has cons. Please tune in this week as Dennis examines the up-...