Myriad Insight
Advisors for Remarkable Entrepreneurs
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Family Business

Family Business

 

HOW THE FAMILY DOES BUSINESS IS MORE IMPORTANT

THAN WHAT BUSINESS THE FAMILY DOES.

Working with family members can be a challenge. It requires a unique set of skills to successfully navigate the waters of family dynamics. Over the years of working with multiple family businesses, we have successfully help multiple families address their challenges, prepare for the future, and increase the bonds between family members. 


SERVICES FOR FAMILY BUSINESSES

RELATIONAL HEALTH ANALYSIS

Through conversations and interviews with family members, key employees, and others, we compile a comprehensive report of the challenges and opportunities facing the family and business. This takes approximately two months. You will walk away with a report highlighting where changes need to be made to ensure the business and family can continue to function in a healthy manner.

RELATIONSHIP REPAIR

Your business may be at a point where the lines of communication are broken and trust is shattered. We provide the experts needed to begin repairing relationships, reestablishing lines of communication, and bringing joy back into the business.


FOR THE FOUNDER

EXIT STRATEGY

The way you exit the business is your last act of leadership. It is the final memory in the minds of many people. How you exit will leave a lasting imprint on the company and on your family. Ensure you act with confidence and understand all of the aspects surrounding this highly emotional time in your life.

SUCCESSION PLANNING

How do you determine if the business should stay in the family? Does anyone want the business? Do they have the skills? Through a series of structured conversations, we work with you to find the answers to these questions and others for your situation.


FOR THE FAMILY

WORK DESIGN

Having family members in the business is different than having family members in productive and engaging roles in the business. We analyze the roles each family member is in and help align their skillsets to meet business needs and prepare for future opportunities.

NEXT GENERATION COACHING

This is a way to ensure the next wave of leaders have the skills necessary to lead the business of tomorrow. It provides practical and needed direction that improves the likelihood the business and family will succeed in the future.

FAMILY COUNCIL CREATION

Similar to a board of advisors, a family council allows the larger family unit to provide input, guidance, and direction on the happenings of the company. For some businesses, this is a great option that should be considered to allow the larger family to weigh in on major decisions in the business. We provide expertise in how to structure the roles and processes to ensure this governance structure will meet the needs of the family and business for the foreseeable future.