Family business coaching can support family and non-family stakeholders to build their capacity to operate within the business.
Some next generation family business owners feel a great deal of pressure to manage the family business successfully and find the business succession process challenging.
Family business coaching can make a real difference to the business. We are often asked to resolve succession issues within multi generational family businesses.
Family Business Coaching
A whopping 73% of family businesses want to keep the business in the family but only 33% make it to the second generation and only 9% to the third.
Interestingly, studies also show that 57% of family businesses have no defined plan for succession.
Undoubtedly, the close ties and common language within a family business fosters a strong culture underpinned by a shared history. However, the boundary between office and home can easily become blurred with discussions around the dinner table or at family events a common occurrence. At Fluid we help you to set boundaries so that neither the business, or the family suffers.
Smooth succession allows the continued success of all businesses. The handover from one generation to the next should be seamless and have no impact on the day to day running of the business. This sounds so simple but the root cause behind most succession challenges is the lack of an agreed, considered plan.