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Success and succession: Five characteristics of a good family business

Wednesday, 20 September 2017

Chances are high that seven out of 10 of the businesses you know are family owned. As defined by audit firm PricewaterhouseCoopers (PwC), a

 

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How CEOs Can Work with an Active Board

Wednesday, 20 September 2017

At companies of almost all sizes, across all sectors, boards are undergoing a profound transformation. Largely as a result of

 

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Solving the Puzzle of Ownership Alignment in a Family Enterprise

Wednesday, 20 September 2017

alignment  noun | ə-ˈlīn-mənt State of agreement or cooperation among persons, groups, nations and the like with a common cause or view

 

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Article Index
Testimonials
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Testimonials

 

 

o callaghan

 

 

"To be honest I don’t think you can express strongly enough in a short sentence the importance of understanding how the subtly of family dynamics can impact a business and the role people who understand same can play to loosening the constrictor that is the personal relationships holding a business back potentially."

 

 "Having the best financial and legal advice is essential in running a successful business. Having the best advice is equally important in managing family dynamics and expectations”.

“Family business Ireland understands how family owned businesses ‘run themselves’ and the subtlety and influences of how decisions are made or not made as the case may be…”.

 

Bryan O' Callaghan, Managing Director.

O' Callaghan Hotels,  Irish International Family Hotel Group

 


 

 MD 

25 employee company – offices in Belfast, Dublin and Cork

 

"We are a relatively large business with four of five siblings working in it for many years. The business was founded by our father and mother some fifty years ago. Like many family business whilst we operated very well as a unit many things were left unsaid and not discussed.

We found it difficult to deal with the ‘future’. Whilst we had good financial and legal advice on the management of the business we had little advice and insight into the issues of ownership, governance and future management. We found the Family Business support initiative to be of the greatest assistance. We were given the language and tools to understand our situation. We discovered the issues we faced were not unique. We were normal.

The removal of isolation and the sharing and learning with other family business owners assisted all of us greatly. We have just completed a fully agreed transference from the first generation to the next generation. It has taken five years!

The Family Business team of advisors and facilitators have brought us all the way. Without them I don’t honestly know what way we would have gone. They have infinite patience with a soft yet firm hand."

 

Managing Director
Happy to speak confidentially to any founders seeking to deal with the issue.