Some of the most unnecessary problems that family-owned companies get into result from failure to run their businesses as businesses.
But a family business is an altogether different enterprise. The stakes are higher, and organizing work, allocating resources, and assigning accepting responsibility are more serious. For many families, the business constitutes most, if not all, of the assets, income stream and hope for a secure future. So running the business deserves very serious attention.
It also deserves management guidelines that will keep the business going and growing and minimize conflicts that can damage both the company and the family.
A Business Consultant can help you recognize and address the many challenges, problems and issued that trouble you concerning running your business and provide options to help you resolve issues.
Consult an attorney to help you with legal advice and a CPA for tax advice. Their fees are well worth the investment.