Corporate Services
Managing the Family-Owned Business
Family-owned businesses share a unique set of challenges as a result
of their need to balance the needs of the family and the needs of
the business. In particular, successfully transitioning a business
from one generation to the next is quite low. Only 30% of family
owned organizations survive into the second generation. 12% survive
into the third generation and 3% operate at the fourth generation
and beyond. Yet, the majority of family business owners want the
business to stay in the family.
Baker College planning consultants can help you sustain and grow your family-owned
business through practical, structured services that include:
- Succession Planning
- Leadership Development
- Enhancing Family Relationships and Communication
- Strategic Planning
- Articulating Family Dreams and Values
- Facilitating Family Meetings
Our approach is based upon the following doctrine:
- The family business is the client
- Respect and honor the preservation of the family values
- Use knowledge, experience, and observations to educate and anticipate likely results
- Facilitate goal setting and implementation strategies without being judgmental
- Facilitate solutions through dialogue and communication
- Collaboration amongst professionals through an interdisciplinary approach best serves the clients
Contact Us:
For more information about managing a family-owned business, complete the request form or call (810) 766-4242.