The problems and myths surrounding family-owned businesses are legendary. Emotions can run high. Spouses and extended family only hear bits and pieces of a situation. Children have their own expectations. Re-investment can become a big issue. Non-family members resent perceived favoritism.
Then there is the big one. What comes first ... and when? Is it always the family or can it be the health and welfare of the business? Who decides?
To help you overcome a variety of inter-related family, business and leadership issues, our experts are here to help. Our family consulting specialist has the knowledge and experience that make her uniquely qualified to work with your family business challenges.
What makes our coaches different is our approach. We work at the intersection of the family, business, and ownership system approaching our work with your family business utilizing a holistic approach.
20/20 works with you to assist individual and organizational development of:
- Awareness, purpose, competence, and well-being
- Dynamic and lucrative businesses
- Supportive and caring relationships
- Increased communications and conflict resolution
- Clarity of management and governance roles and relationships
Family businesses face unique challenges not found in other work situations. In fact, according to research, only a third of family businesses continue into the next generation, while approximately 80% state they would like to see the business continue into the next generation. Here at 20/20 we understand that inadequate succession planning and leadership development are the number one causes of the failure of family business succession. We also understand the underlying emotional issues that create challenges for the family in business together.
Our approach involves partnering with you and your family to find solutions that keep you from moving forward. Your family business is unique and solutions will be unique to your situation. Contact Mary Pat Mueller at 605-734-6210 for further information and a free telephone consultation.
Some of our services include the following:
- Individual and Group Coaching
- Strategic planning
- Succession planning
- Leadership development
- Development of family council meetings
- Family team building
- Enhancing communications
- Managing conflict
- Managing Stress
- Family Retreats
- Mentoring the next generation leaders