Why does your family business exist?

If you were to stand at the door of your business and ask each family member and nonfamily employee that goes in and out of the business that question, how would they respond?

Why is this question so important?

Success in a business family can only be defined by the family. The measure of success must be determined and agreed upon by all in the family and the business. When family members are able to share their thoughts, hopes, and dreams in a safe environment, the opportunity to increase family commitment, business growth, and build a family legacy will increase.

As a business family, take the time and do the hard work dialoguing ‘the why’ with your family.

Contact us to learn how we can assist your family and your leaders in effectively leading your family enterprise.

Too Often Forgotten

“Set your gaze on the path before you. With fixed purpose, looking straight ahead, ignore life’s distractions! Watch where you’re going! Stick to the path of truth, and the road will be safe and smooth before you. Don’t allow yourself to be sidetracked for even a moment or take the detour that leads to darkness.”

                        Proverbs 4:25 – 27 The Passion Translation 

“never drift off course from these two goals for your life: to walk in wisdom and to discover discernment. Don’t ever forget how they empower you. For they strengthen you inside and out and inspire you to do what’s right; you will be energized and refreshed by the healing they bring. They give you living hope to guide you, and not one of life’s tests will cause you to stumble.”

                        Proverbs 3: 21 – 23  The Passion Translation

OUR SERVICES

  • We guide successful family businesses to clearly define a timeline, expectations,  who is responsible for what, and who is responsible for sustaining the family business and the family legacy with accountability.
  • Take the guess-work out of creating an advisory board.  Forget the countless hours trying in vain to identify (and then recruit and then figure out how to pay) the right board members.  We will provide the structure and the professionals for a focused, effective advisory board, and we implement the process for you.
  • We support family businesses to help build and maintain a robust entrepreneurial climate with both family and non-family.
  • We take a holistice approach with Family Businesses helping them understand they are more than the sum of their parts, and they exhibit unique behavior as a whole rather than the singular behavior of the Family system, the Business system, and the Ownership system.
  • Family dynamics are complex and there is no one size fits all solution. Our facilitation helps build appropriate structures and guidelines that provide platforms to facilitate transparent dialogue and sustainability of the family business.
  • Building a Family Legacy requires developing the rising generation. Our coaching process helps the next generation understand themselves, family dynamics, business knowledge, and foundational leadership.

“Where there is no vision, the people perish.” Proverbs

Our process creates a road to travel that is safe, allows the freedom to openly discuss where the family is going and how they plan to get there. With the commitment to the process there is built in accountability to keep everyone focused and on track.

If a business family could work through the difficult questions and develop clear answers that all could agree to, understand, and continually communicate, they would see the health of their family and business grow exponentially.

  1. Why do we exist?
  2. How do we behave?
  3. What do we do?
  4. How will we succeed?
  5. What is most important right now?
  6. Who must do what?

SKM Associates

SKM Associates Family Business Consultants exists to serve and assist family businesses as they build and preserve their family legacies.  We work with family enterprises and closely held businesses on issues such as succession planning, communication, board and family business structure development, family meetings, professional coaching and development, education, and business strategy.

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CONTACT US