A unique paradigm exists for families-in-business: family dynamics influence organizational strategy and organizational strategy impacts family dynamics.
My clients own significant shared assets, including operating businesses, family offices, property, and foundations. These shared assets, coupled with the existing paradigm, create a complex set of challenges for individual family members and their operating businesses. These challenges range from business strategy and trust structures to personal motivation. I work with my clients to untangle these challenges and answer questions like: who should own what, how should those assets be owned, what are the individual, familial, and organizational implications, and how do we achieve the objectives? Like every family, there is no single solution, but there are options, trade-offs, and best practices. I work with my clients to understand these options while staying focused on their organization’s continuity and their family’s legacy.
Instead of replacing my client’s advisors, I partner with them and serve as the connective thread that keeps the process moving and on target. For some of my clients, my work begins because of an immediate situation due to family dynamics or an organizational challenge. For others, my work begins when there is an acceptance that one generation’s leadership will come to an end and the next generation is seeking to continue the family’s legacy. In either case, I help my clients align on objectives, create a roadmap to achieve those objectives, and then execute.