The Common and Shared Challenges We All Face
 
All family businesses must face some of the same predictable challenges often related to significant transitions in the business or family.  Unfortunately, only about one-third of family businesses successfully transition to the next generation of leadership.  The major causes of such a failure are lack of planning, poor management of the family involvement, and not preparing the next generation.

The members of McCann Consulting Group are aware of these challenges and are able to help family members identify ways to address them.  Our consultants can also help individuals manage the different roles they play in each system.


Transitions:  Succession
 
Forty pecent of family businesses will face succession within the next five years.  However, this is more than just a transition of the management leadership, but very often includes planning related to the transition of ownership.  Since everything is interconnected in a family business, these changes and the related stress impact the family. 

As such, the McCann Consulting Group sees involving the family to be crucial to managing any family business issue.  Family business is more than just a business: much more is involved and much more is at stake.


Communication & Conflict - Managing the Family’s Involvement
 
Even successful business owners can often feel stuck -- unable to make progress on a certain issue.  Having a direct conversation on these difficult but important issues is vital to planning and success. 

McCann Consulting Group helps the family prepare for these vital discussions and even helps faciliatate them.  Our ultimate goal in this part of the process is to help our clients evolve to have these discussions on their own.


Developing the Next Generation
 
Families that own businesses typically face greater challenges than other families.  Not only must they manage the family and business, but they must also manage the related wealth, power, and opportunities that come with it.  Navigating all these challenges is difficult for even the most skilled executive, so imagine the risk it poses for young adults. 

Developing a sense of credibility and marketability is essential for the next generation as they become competent, contributing adults in the family business or beyond.  Our consultants specialize in working with members of the Next Generation.

Empowering the next generation is vital for the business and the family!