Family-Owned Businesses are one of the key drivers of the economy in Canada and leaders in employment across the country. These businesses may be small or large, urban or rural, and led by the Founding Generation or a Rising Generation of family-connected owners. At each stage of development of a family owned business, there are different challenges and dynamics to be addressed. As founders, the reality of building a business takes centre stage and this typically happens alongside building and raising a family. As the business matures and grows, so too does the family and in many cases, a preferred end game for founders is to transition the business over to the next generation of family, to carry on the legacy of the family and the business. As a sibling ownership group, there are different dynamics to manage, and beyond this when cousins begin to share ownership, still other considerations.
The transition of ownership and control of a business from one generation to the next typically carries a number of challenges. Some of these are technical, others are strategic or structural, and almost all of them are laden with the emotional charge of being part of a relational family dynamic as well.
Wherever you see yourself in the stages of your Family-Owned Business or Enterprise system, Dawn has the experience and resources as you prepare for the next steps.
Skills for improving Communication across Family & Business Systems
Techniques to improve Decision-Making Processes and implementation
Strategies for formalizing Family & Business Structures
Dawn typically works with other advisors such as lawyers, accountants, business executives, as well as members of the family, to ensure a team approach to working with Family Enterprise systems. If you already have your own team, Dawn looks forward to meeting them. She is also part of a network of trusted professionals who are committed to the Family Enterprise Advisor (FEA) approach to working with family-owned businesses across the generations.