Successful and enduring family businesses underpin global economies, but they can also be fraught with tension. Families must navigate the transition between generations and the best means by which to balance their interests against the business. The unique dynamics of family-owned businesses combine issues facing every growing enterprise with the factors inevitably brought to the dining room table when they should remain in the office. Business sustainability and diversity play alongside growing generations, while the debates rage about who should be involved – and where, when and why.
Flourishing family entities anticipate their evolution and proactively separate and protect family and business roles. Knowing when to hold conversations about the future and the next generation is critical to creating a family business that both survives and thrives.
This intense one-day workshop promises to unravel the perspectives, conversations and pathways family businesses require to thrive and survive. Understand how well-designed governance and an effective board of directors will facilitate long-term profitability, value and sustainability.