Family enterprise, that which courageously transforms and advances the innovation, initiative, and resourcefulness of a family into something that has sustainable, exchangeable, and collective value, is unique. Family enterprise is ownership and governance of family business. Family enterprise is family wealth management and family office. Family enterprise is philanthropy and family foundation. Family enterprise is family and family council. Family enterprise is a collective of individuals -- family members, shareholders, board members, executives, advisors, employees, suppliers, customers, and community beneficiaries.
Family enterprise is an intertwined system of family, ownership, governance, management, and wealth influences and decisions. What happens in one area affects the others. While many aspects of progress in family business and family enterprise growth and wealth generation are easily measured and controlled by numbers, true and lasting success happens when family and enterprise are in alliance, developing each for the prosperity in all.
Family enterprise alliance begins when enterprising and business-owning families cultivate an understanding and respect for the individuals who create family dynamics and the systemic nature of their relationship to each other, to ownership control, and enterprise management.
Family enterprise alliance proceeds when the owners' clearly articulate a plan reflecting the family's purpose, values, vision, mission, and goals. Family enterprise alliance regenerates when the governing body (typically a board) actively directs management according to that plan. Family enterprise alliance gains traction towards success when those active in leadership and decision making in the business entities responsibly create and implement strategies and structures that allow for available and accessible resources to be placed in service for the greatest chances of success.
The multi-generational continuity and succession planning journey includes navigating inevitable complexities that arise when family and enterprise strive for alliance. The journey demands attention, planning, and experiential collaborative learning. Some families experience the journey alone, hoping for the positive outcome they envision. Others partner with professional guides known as family business consultants or family enterprise advisors, to help them gain insight into the universe of possibilities for achieving their goals and to design and integrate plans around tailored proven practices.
Family Enterprise Alliance, LLC, a firm whose members have been exclusively focused in this area for nearly 25 years, is dedicated to systemically advancing all aspects of family business succession and family enterprise continuity towards their desired future story. We work collaboratively and strategically with those who affect and are affected by complex decisions and demanding allocation of resources to convert those decision into positive outcomes. Clients include ownership families, individual family members, family businesses, shareholders, boards, family councils, family offices, management teams, professional service providers, and peer and student learning groups.
Family Enterprise Alliance, LLC, provides custom consulting, family and team facilitation, personalized coaching, peer group learning, program and curriculum design, forums/retreats, and advisory team collaboration.