Family businesses are different than other private or public companies. The issues can become very personal.
Dallas, TX (PRWEB) July 8, 2010
The "Family Business" conjures images of traditional Hollywood movies - sons learning from fathers, or daughters taking the reins when women did not hold such high-level positions. But what if your family business is more like a comedy or horror flick? Where do you get ideas to improve the challenges in your family business?
Family business owners cannot seek counsel from just anyone – they need a place to share ideas with others who understand. To meet this need, Box Family Advisors is creating a series of family business exchanges. During these exchanges, business owners have a safe environment in which to discuss the nuances of running a family business.
Family businesses are different than other private or public companies. The issues can become very personal. Plus, it is easy to become divided over challenges, big and small. Doug Box, family business consultant and owner of Box Family Advisors, understands running a family business. Not only has he helped his clients through numerous problems, he has lived through the division of a family business.
Box suddenly lost his father, legendary oilman and entrepreneur Cloyce K. Box, and found himself in the midst of heavily conflicted circumstances. He and his brothers were not in agreement regarding the future of the family company which led to years of disagreement and court battles. Because of his personal experience, Box is uniquely positioned to understand the dynamics of family businesses.
In addition to family business consulting, Box decided to create a series of exchanges giving business owners the opportunity to network and swap ideas about running a successful family business. These private gatherings will be hosted by Doug Box, who will share wisdom garnered from both personal and professional experiences.
For more information about the Family Business Exchange, contact Box Family Advisors at 877-530-7854 or email doug(at)boxfamilyadvisors(dot)com.
About Box Family Advisors:
Our mission is to help family-based firms manage the inevitable changes and complex challenges involved in running a family business such as succession planning, role conflicts and communication problems.
- Assessment of family system & family dynamics
- Analysis of family business system (SWOT analysis)
- Communication facilitation & conflict resolution
- Facilitation of family meetings & consensus building
- Transition planning for ownership & management succession
- Entry & exit strategies
We primarily work with the principal owner(s) or controlling shareholders of the family-based firm. However, other stakeholders can benefit from our services as well, such as:
- Family members who work in or own part of a family business
- Non-employed family members who own shares (or stand to receive them)
- Non-family executives or managers
- Other professional advisors, such as attorneys, CPAs, counselors, etc.
- Directors who sit on family boards
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