Excellence in Family-Owned Business
Nationally, about seven out of ten businesses are family-owned. In the Northwest, family-owned businesses account for about nine out of ten. Over the next five to ten years, around forty percent of the leadership of these businesses will transition control of the business to the next generation.
Yet, the statistics are sobering:
70% of these businesses will not make a successful transition from the first to second-generation leadership.
90% will not make the successful transition to it to the third-generation leadership.
Having trusted advisers, who understand business and family and ownership dynamics, can be the essential advantage in charting the path forward to the success and succession of the family and the business.
Since 1998, Family Business Advisers has worked effectively with family-owned and closely-held businesses to provide the essential strategic advantage to pursue and achieve excellence in business.
We assist these businesses to:
Discover what they desire to achieve
Determine, with candid/respectful honesty, what the current state of the business actually is
Develop an intentional plan to achieve the desired goals
Do the work to achieve the goals they have established
We have helped many families/partners successfully balance the dynamics of family/partnership, business, and ownership. We understand that each family-owned and closely-held business is a unique entity and requires a distinct approach to management and leadership dynamics. We work closely with businesses to discover the opportunities they have and the challenges they face as they pursue success. Once these opportunities and challenges are determined, we help define a succession plan that will ‘Sustain the Legacy’ for the next and future generations.