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

 

Will The Next Generation In The Family Business Say We Did It?

 

Many founders of businesses want to pass the business to the next generation. It is critical for the senior generation to consciously help the next generation grow. The next generation needs to gain the expertise, experience, mentoring, tacit knowledge, passion, and internal drive to continue building the family legacy. The next generation needs to hear praise, encouragement, appropriate guidance, at times receive discipline, and the confidence of the senior generation. When the proper plans, processes, and guidance are in place by the senior leadership, the next generation can continue building the legacy and nurture the family values.

“A leader is best when people barely know he or she exists, not so good when people obey and acclaim him or her, worst when they despise them. But of a good leader, who talks little, when their work is done, their aim fulfilled, they will say, 'We did this ourselves.'”

— Lao-Tse


What are you doing to prepare the next generation?

 

What will the next generation say? 

20 Questions: Practical Checklists For Business Families

book cover Final
 
 
 
"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