We help family businesses of all sizes.
TRANSITION AND SUCCESSION – LEGACY PLANNING
Succession and transitions are continuous processes that begin long before the retirement party is planned.
CONFLICT RESOLUTION AND EFFECTIVE COMMUNICATION
Family dynamics and values are at the heart of what drives a family, whether it be in the direction of conflict or harmony.
NAVIGATING GROWTH & BUSINESS OPPORTUNITIES
An advised family will encounter new and fresh opportunities and areas for growth and prosperity.
GOVERNANCE
Your family business has grown over time. Decisions that were made by the founder alone may have become more complicated as the family and enterprise grows.
What is an FEA?
Businesses are complex. Family businesses are even more complex – family dynamics add an additional element that other businesses just don’t have. Family businesses need an advisor trained in human capital and family dynamics. Family Enterprise Advisors work, in a collaborative manner, with the family and its multidisciplinary network of business consultants and service professionals to address this additional element in order to maximize business success and the family enterprise legacy.
Using a discovery process, an FEA identifies the unique issues within the family enterprise, then works with the family to develop and implement customized processes and strategies to optimize the business while preserving the family’s values and legacy. These issues could include communication, succession, transition, family dynamics, ownership, clarification of roles and positions, and the development of the enterprise goals as a family.
FEA’s understand the distinctive challenges of family enterprises. Each family is unique, and each family has a wealth of human capital ready to be accessed. The heart of FEA advising is to support the growth, success and continuity of the family’s enterprise
"One of the things we often miss in succession planning is that it should be gradual and thoughtful with lots of sharing of information and perspective, so that it's almost a non-event when it happens."
(Anne M. Mulcahy)