PROVIDING CRITICAL DECISION SUPPORT TO FOUNDERS & FAMILY BUSINESSES
- How a Board Advisor can help a Founder of a Family Business to find Growth, Succession and Governance ?
Board advisors can be a valuable resource for founders of family businesses, particularly when it comes to finding growth, addressing succession issues (from within or outside the family), and improving governance.
- Finding growth: Board advisors can bring a fresh, diverse perspective and outside expertise to the table, which can be extremely helpful in identifying new growth opportunities and developing strategies to pursue them.
- Succession planning: Board advisors can help founders of family businesses navigate the complex process of succession planning, including identifying potential successors, developing succession plans, and transitioning leadership smoothly with significant expert oversight.
- Governance: Board advisors can help founders of family businesses improve their governance practices, such as by providing guidance on industry best practices for board composition, risk management, ethical standards, establishing clear roles and responsibilities, and developing effective decision-making processes.
- Exit Plans: In certain conditions, a Family Business may be left with little option to continue remaining in business due to succession & Leadership gaps or other compelling reasons. A mature and seasoned Advisor can structure and advice a suitable exit path to sunset, that is less painful, pragmatic and achievable.
ProCon Founder and Partners have collectively have 100s of years of experience dealing with and managing Family Business issues. Our experts can provide valuable support and guidance to founders of family businesses as they work to grow their businesses, address succession issues, and improve their governance practices.
