What is a Family Business? There are many definitions, which cover entrepreneurial and family involved organisations; but it is more than just involvement.
A Family Business is any business concern where a family or more than one family controls more than 50% of Voting Shares. It is a business where the prevailing ethos comes from the owner family, its values, its vision and drive. It may be in its first generation or have multiple generations working in it but the ethos remains the same.
The Family Business presents unique opportunities and challenges. Family Business Specialists offer support for some of these key challenges:
• Leadership Development
• Succession Planning
• Family Cohesion and Business Communication
• Conflict Resolution
• Non- Family Management involvement
• Family Agreements and Constitution
Challenges are tackled through researched tools and well-tested methodologies.