Is there conflict or tension in your family business?
Do you have a succession plan but not sure that the next generation is ready?
Worried about the future leadership skills in your business?
As a proud family business of 38 years we understand the many personal rewards that running and growing a successful family business can bring. Through our own experience, and having worked with many family businesses over the years, we also understand the frequent challenges involved in running a successful family business, such as relationship conflict, organisational and strategic change, effective succession planning, issues around leadership readiness, effectively integrating non-family members into the business, and being able to embrace and generate a sufficiently entrepreneurial culture.
These common challenges are affirmed by the recent KPMG/Family Business Association Family Business Survey 2015 results. Some particular survey results of interest include:
- 80% of family businesses reported having experienced conflict/tension between family members over the past year
- 63% of those intending to pass on the CEO role in the next 4-5 years believed that the likely successor was not ready
- 72% of family businesses expected to have some transfer of ownership in the next 5 years
Our work with family businesses has been extensive. We have worked with family businesses of all shapes and sizes, and across multiple industries, including but not limited to manufacturing, retail, primary production, and professional services.
We bring a rich set of skills to assisting and supporting family businesses to be more successful. Specific areas that we assist family businesses in include:
Succession planning and management
Leadership development for future identified leaders in the business
Team coaching and development
Mediation and conflict management
Professionally, we are an active member of the Family Business Association, and McPhee Andrewartha Director Graham Andrewartha is a State Committee Member of the Family Business Association in South Australia.
Internationally, we have developed a strategic affiliation with the Family Business Performance Centre in the United States.
Contact us to find out how we can help with your family business.