In a large family business, there are multiple layers to family involvement.
Family businesses are the lifeblood of our economy but they bring with them a unique set of management issues. In large family businesses there are often many different family members involved at a variety of levels, from Senior Executive positions, to Non-Executive Directors and shareholders.
The lines between personal and professional are often blurred and decisions can be more emotionally driven. At Blank White Page we have a wealth of experience in working with family owned businesses to help navigate the tricky waters of progress and ensure all of the stakeholders are engaged.
Being responsive to the needs of the stakeholders
Our bespoke service provides a framework for engaging all of the stakeholders and addresses the three different levels of need:
- The needs of the family
- The needs of the business for investment
- The needs of the team for leadership
- The results are that there is less confusion as conversations move between the three different levels of need and there is an understanding of how the different needs can be met moving forward.