Developing the next leadership team is pivotal for both value and continuity, regardless what the transition plan is. This can be for family or non-family and can be done in different or combined ways such as 1:1 training, on the job mentoring, or through more formalized preparation programs. Whatever the appropriate way, we educate them on how decisions are made, map out ways to become more involved in the business, and help them find their voice.

It is very difficult to maximize the potential of anything if it looks like an off-balance washing machine spinning. Documenting and optimizing internal processes is pivotal to business value, onboarding/offboarding, reducing risk, and generally a good way find cost savings. Once you have sure footing, it is much easier to identify opportunities to sustainably grow a business and maximize its potential. We work with our clients to grow their businesses in many different organic ways once it has a sturdy foundation.

Establishing effective governance for both the family and business are often overlooked but are a pivotal step in creating process for how the family interacts with the business, addresses conflict, makes decisions, updates and educates stakeholders, and set itself up as a professional organization with external advisors.

We help owners and families develop comprehensive strategic plans to align their goals with their long-term vision, ensuring sustainable growth and success, advising where they should invest resources to build a best-in-class business with their transition and broader goals in mind. This is generally part of a broader discussion and plan.