Succession and Planning for Family-Owned Businesses
Family-owned businesses face various challenges among family members who work in the business, such as succession planning and financial management.
Organizational structure, succession planning and strategic management of family-owned businesses express the values, vision, and philosophy of the family and its assets.
Our service is essential for family businesses of any level of wealth because it:
➤ Establishes the succession of family wealth with the aim of preserving, continuing, and developing the business.
➤ Protects good family relationships and minimizes family conflict, benefiting the continuation of the business for future generations by holding the correct roles.
➤ Identifies and places each family member in the appropriate position in the company.
➤ Determines the succession of family wealth with the aim of preserving, continuing, and developing the business.
➤ Protects good family relationships and minimizes family conflict, benefitting the continuation of the business for future generations by holding the correct roles.
➤ Identifies and places each family member in the appropriate position in the company.
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➤ Through individual or group sessions.
We analyze problems and present alternative solutions and proposals. Initially, we research and record the particularities and potential issues of the business. Then, we evaluate various factors, such as: (a) the expectations of certain family members, especially those who founded the business, (b) the impact of the family dynamic on the business, and
(c) the strategic goals of the company.
Based on our evaluation, we design a succession plan and organizational structure that aligns with the family's values, goals, and vision for the business offer service with the support of specialized professions.
➤ Design of Succession Plan for Financial Elements.
We provide expert guidance and tailored services to meet your needs. Our services include consulting trusts, preparing management documents, establishing companies with structured voting and ownership rights and offer services with the support of specialized professionals.
➤ Organizational Structure and Succession of the Business.
Firstly, we conduct research to identify and document the unique aspects and challenges of the business.
The goal is to provide proper guidance and determine the responsibilities of employees and management of the business, addressing issues such as:
➤ How can the proper division of responsibilities be achieved
➤ What are the challenges that affect the daily operations of the business
➤ What are the most common problems that arise
➤ How can the best cooperation be achieved between the owner (self-made) and other family members who work in the business
➤ How can we improve the business's relationships with old and newcomers such as family member, customers etc
➤ How can we effectively utilize family members in roles that are productive and efficient
