FAMILY BUSINESS CONSULTANTS

ADDVALUE, is one of the leading family business consulting firms assisting multigenerational family businesses in family succession planning, family governance structures such as family constitution, family council, family office, family wealth management and entry strategy of the next generation in the family business. We have experienced family business advisors and family life coaches who help in structuring the family business for ensuring business longevity for generations.

FAMILY BUSINESS SUCCESSION PLANNING MODEL

Families in business must understand that Family Policies, Family Governance, Family Constitution, Family Councils , Family Meetings, Family Retreats, Business Succession Planning, Family Office, Family Wealth Management etc. are the key pillars which should have strong foundations for ensuring business continuity.

The family business consultant ensures that key skills such as business analytics, decision-making, team building, business strategy, business modelling, financial management, operational excellence and business excellence are thoroughly understood by the family members.

The family business succession planning model also assists in formalising the family structures, through meetings and counselling.

During the Business Consulting and family mentoring process, the Business Consultant hand-holds the family business successor and ensures that the successor develops personal capabilities and understands business capacities. Succession planning is very vital for family business continuity.

FAMILY BUSINESS SUCCESSION PLANNING

Every family business faces the toughest challenge of surviving generational change. The next generation has to be moulded for the ongoing business. The vision of the patriarch and the technical expertise of the next generation in the family business have to synchronize for taking the family business forward.

Business succession planning is the key pillar of family business management and therefore art and science. The art of understanding the relationships and challenges within the family, through life coaching and the science of putting up governance structures together form the foundation of business succession planning in family business management.

The success of any business can be ensured by having a proper business succession planning process, which is the most important task on the desk of the CEO. The generational change should be able to withstand the thunderstorms faced during the transition process.

The next generation of family members must learn key management and social skills as part of their induction into the business.

During the coaching and mentoring phase, the successor learns leadership qualities and develops business acumen for running the family enterprise.

The successor is eventually transformed into a visionary leader who can build and run the family empire.

The family business consultant mentors the family business successor.

ADDVALUE’s Family Business Consultants and Family Counsellors align the business and family to ensure that the family business has a sound business succession plan and it continues over the generations.

ADDVALUE specialises in Family Business Succession Planning, Family Governance, Family Constitution, Family Trust, Estate Planning and Shareholder Agreement.