Family/Partner Dynamics addresses relationships and communication that are important to the continuity of the business and the maintenance of family-business harmony.

IMPACT ON BUSINESS SUCCESSION:

Effective interaction among the family members of current and/or prospective business owners is critical to achieving the unity and harmony needed to address the predictable complex business succession issues.  Bickering among active or inactive family members can frustrate, distract and weaken the focus and commitment of the management team.  Effective intra-family communication is essential to building and maintaining the relationships that preclude sibling rivalry and costly divisive behavior. Establishing the forums and processes for effective intra-family communication provides the building blocks for a unified succession vision and collaborative efforts for the achievement of business succession goals.

ADDITIONAL INFORMATION:

          Thoughts on Succession for Parents

          Family Business Council

As business succession planners, The Rawls Group works in a quarter back role with you and your other advisors to ensure all key planning factors are working together to meet your succession goals. CONTACT US for additional information or to receive a business succession planning assessment which will identify the strengths and weaknesses impacting the ongoing success and value of your business.