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
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When Dad (or Mom) No Longer Calls The Shots
Preparing the next generation to take over the family business and make decisions as a team must start before the family’s entrepreneurial leader is gone. Business founders too often spend their entire careers making the difficult decisions by themselves, doing the difficult work, and dictating orders to the next generation. When the strong leadership and decision-making abilities that made the founder’s business successful at first go unchecked as the next generation comes along, the next generation may not learn how to work through conflict, make decisions as a group, or do the difficult work of leading the organization.