Welcome to the Network of Family Businesses & SKM Associates Family Business Advisors

Advising and Consulting Business Families in the journey to build their Family’s Legacy

  • Successful family businesses clearly define who is responsible for what, and who is responsible for succession.
  • Long-lasting family businesses maintain a robust entrepreneurial climate.
  • Family Businesses are generally more than the sum of their parts, and they exhibit unique behavior as a whole rather than the singular behavior of the Family system, the Business system, and the Ownership system.
  • Communication within families is complex, there is no one size fits all solution. Appropriate structures and guidelines can provide platforms to facilitate transparent dialogue.
  • Building a Family Legacy requires determining what will be passed to the next generation.

SKM Associates present at the University & Whist Club and hosted by the Small Business Development Center and Delaware Business Times.

EMERGING LEADER PEER GROUPS

      Contact Us To Learn More About The Emerging Leader Peer Groups For Business Families

 

SKM Associates

SKM Associates LLC and the Network of Family Businesses exists to serve and assist family businesses as they build and preserve their family legacies.  We work with family enterprises and closely held businesses on issues such as succession planning, communication, board and family business structure development, professional coaching and development, education, and business strategy

 

         Have a question related to your family business, ask SKM Associates

 

Family Business Vision

The vision is the shared image of the family’s definition of success and what the family wants the business to be.  Having a vision is critical for the journey to realize the goals and dreams of the family.  The vision provides a future orientation to answers questions like: How do we want to utilize our resources and care about those who are important to us? 

Understanding and following the vision of the family is critical to the ultimate success of the family, of the individuals, and of the business.  Following the vision requires commitment.  Commitment is best considered in the framework of the family, the business, and the ownership of the business.  This means results are best achieved with not just a single event or item, but by working over time to develop the capability of the family to manage governance and decision-making.  With commitment to a “visioning” process, there is built in accountability to keep everyone focused and on track. 

20 Questions: Practical Checklists For Business Families

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"From his years of experience both working in family businesses and consulting to family businesses, Steve has a wealth of practical wisdom and insight to share. May the treasure trove of practical suggestions, which he and Aaron share in this book, bless your family and its business."
           Melissa Mitchell-Blitch, MS, MA; 
           Family Business and Executive Coach; 
           Founder of Eredita, LLC
 
 
"The authors use a series of very perceptive questions to tease out the differing views of members of a family business and also clearly explain the purpose of these questions. I would highly recommend this book to the leaders and members of all  family businesses."
          Frederick D . Lipman, author of The Family Business Guide (Palgrave Macmillan 2010)

Friends and Sponsors

  • LN Logo
    Sponsor and Thought Leader
  • wealth legacy advisors - susan schoenfeld
    Sponsor and Thought Leader
  • Family Business United logo
    Global Connection
  • icsbfinallogo
    Global Connection