Categories: General

Creating Structure Within a Family Business

In the entrepreneurial stage, we have a picture in our heads of everyone connecting and reporting to the president. In the end, this picture is impossible. The moment a founder can get past this, be a strategic planner, and put some structure into the business, the better the end result will be.

Those of us who have started a business know that at the entrepreneurial stage, we can fundamentally put our arms around the entire business. We also know that when we start, we are passionate about what we do, and would do anything to keep the business going.

As the business grows, it is important to understand that the solution to success is to open our arms and achieve our results through other people. Once the entrepreneurial stage passes, more structure is required to define how you, as the founder, will interface with the business and find solutions to family business issues that arise.

Does Your Family Business Need Help?

Family Business Matters has extensive experience assisting family businesses. With many decades of experience, we understand the wide variety of challenges that families face as they work together to build, grow and sustain a thriving family business generation after generation. Through conferences, continuing education programs, family business retreats, speaking engagements and private family business consulting services, Family Business Matters has assisted more than 450 family-owned businesses around the world chart their way through family business issues of all shapes and sizes.