Family Managed Businesses

The challenge is how to strike a balance between managing the business and managing the family

Family Managed Businesses

Family-managed businesses have a unique set of dynamics in dealing with all the issues that relate to growing a successful business, there are also important factors relating to the family that need careful attention such as the transition from one generation to the next and relationship management.

A different set of challenges

Working for a Family-managed business presents particular challenges. Mostly the Family-managed businesses clients have questions that are particular to them such as

  • How should we manage succession from one generation to the next?
  • How do we professionalize our business for growth without losing the family spirit and values?
  • Should we create a family office to manage the family interests?
  • Can we attract a CEO who is a non-family member?
  • What is the best way to share rewards for family and non-family members?
  • How do we draw the line between ownership and management?
  • Finding the balance between ‘family’ and ‘business’

Catalysts helps Family-managed businesses address these challenges, partnering with organizations to address:

  • Vision and Strategy Development
  • Authority and Organisation Structure
  • Succession Planning
  • Transference of the family ‘goodwill’
  • Leadership Development
  • Talent Management

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