Family Business Consulting
There are many moving parts to your business and family, but keeping up with it all doesn’t have to be so complicated. From succession planning to people management, our experts at The Family Business Institute give you the tools you need to create lasting success in your business, promote harmony in your family, and create a work-life balance that’s healthy and sustainable.
Balance in your interpersonal, operational, and financial strategies is the pathway to long lasting success.
Analyze and Evaluate
Design
Once you have helped us thoroughly analyze and evaluate the nuances of your family and business, we’ll create a plan tailored specifically to maximize the harmony and success in both.
Implement
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Solutions We Offer
Business Assessments
The most important step in helping a family owned business achieve lasting success is in a thorough determination of where the organization is right now.
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Strategic Planning
Producing a plan and putting it into a binder is not magical; the magic comes in devoting time, people, and other resources to the process of planning and then – and this is critically important – developing a weekly management system built around the strategic plan to produce both results and accountability.
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Leadership Development
How many managers have you known who, in spite of their formal authority, have been unable to produce results for their teams because of their lack of leadership qualities? Formal positions, titles, or membership in the family which owns the company are no substitutes for developing leaders.
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Family Meetings & Retreats
The Family Business Institute helps business families understand themselves and each other better and rebuilds bonds of family commitment and communication.
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Succession Planning
For most family and closely held businesses, succession planning is the toughest and most critical challenge they face. Yet succession planning can also be a great opportunity to maximize opportunities and create a multi-generational institution that embodies the family’s values and mission for generations to come.
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Family Governance
Family Governance is a topic that most families are reluctant to address. It covers two broad topics: governance of the business and governance of the family. Most family businesses, especially in the formative years, take on the characteristics of the founder or founding family.
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Conflict Resolution
Conflict is a fact of family business life. According to the Family Firm Institute, 20% of family businesses report weekly conflict, another 20% report monthly conflict, and 42% report conflict three to four times per year.
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Estate Planning
Estate Planning has traditionally been associated with preparing testamentary documents and avoiding estate taxes. These are important items, but they are hardly the only estate issues facing family owned businesses! To properly prepare an estate plan, the practical needs of both the business and the family must take priority: Don’t let the tax tail wag your family business dog!
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Fight or Flight: How Stone Age Emotional Reactions Hinder Your Business Success
At a genetic level, the human fight or flight response is what helped keep us safe in the very dangerous world of our remote ancestors. While the world may occasionally be dangerous today, the typical construction office or job site wouldn’t normally leap to mind as a...
How to Be Empathetic When You’re Not Empathetic
Construction leadership jobs are harder than ever! Not only must you continually do all the things CEOs have always done (driving volume and margins, business development, retaining and acquiring talent, assuring safety, assuring customer satisfaction, etc.), now we...
The Thorny Issue of Legacy Employees
If your construction company has been around for a while, you have legacy employees who helped you grow your business but, being brutally honest, don’t contribute to your efforts as much today. You may even have employees who can’t keep up with all the changes you’ve...
