Family Business Legacy – It Takes Work

Much advice provided to business families focuses only on tangible business or financial issues. The journey to build a family legacy, however, must focus on all factors that may affect business issues, including interpersonal challenges that the family and the business face. To travel on that journey with others requires mutual respect, understanding, and trust.

“Your plans will fall apart right in front of you if you fail to get good advice. But if you first seek out multiple counselors, you’ll watch your plans succeed. Everyone enjoys giving great advice. But how delightful it is to say the right thing at the right time.”     Proverbs 15:22-23 The Passion Translation

“Good leadership is built on love and truth, for kindness and integrity are what keep leaders in their position of trust.”   Proverbs 20:28 The Passion Translation

Too Often Forgotten

“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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