{"id":43,"date":"2020-01-28T20:25:22","date_gmt":"2020-01-28T17:25:22","guid":{"rendered":"http:\/\/monitorgroupconsulting.com\/?page_id=43"},"modified":"2020-01-28T20:25:22","modified_gmt":"2020-01-28T17:25:22","slug":"family-business-practice","status":"publish","type":"page","link":"https:\/\/monitorgroupconsulting.com\/index.php\/family-business-practice\/","title":{"rendered":"Family Business Practice"},"content":{"rendered":"\n<p class=\"has-medium-font-size\">Our role is to help the\nfamily, and other stakeholders, understand their options for the future and\nsupport them in making decisions that combine their aspirations, traditions and\nvalues. <\/p>\n\n\n\n<p class=\"has-medium-font-size\">Our consulting process has\nbeen developed over 20 years and is based on extensive research combined with\npractical experience.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Why&nbsp;does the family want\nto continue in business?&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\">A shared purpose helps a\nfamily, and the business, define the financial and non-financial returns on\ninvestment that combine to represent overall success. Articulating what the\nfamily is striving to achieve by being in business is critical because without\na shared purpose, there will not be enough glue to bond the family in their\ncollective investment.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\">What&nbsp;role do the family\nwant to have in the business?&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\">A family\u2019s involvement and\ninteraction with their family business can change through generations. We can\nhelp families identify, based on the capability, capacity and willingness of\nthe family, their role within the business and the potential to involve\nnon-family members into the business if necessary.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\">How&nbsp;does the family and\nthe business need to be organized to achieve this?&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Our process provides a diligent way to create durable governance structures and effective policies for a family business. It explores the relevant issues in a methodical manner, ensuring the key principles of governance including representation, leadership, accountability and decision-making are addressed.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">After meeting to discuss\nthe&nbsp;\u2018why\u2019, \u2018what\u2019&nbsp;and&nbsp;\u2018how\u2019, we prepare a comprehensive\nblueprint on how the business can move forward to ensure a successful future.\nWe can also work with you to create an implementation plan for that\nblueprint.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\">We provide an independent and\nexperienced view and have the skills to facilitate discussions on matters that\ncan sometimes be sensitive. As enthusiastic champions of family\nentrepreneurship, we are actively involved in improving the overall awareness\nof the economic and social contribution made by family businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our role is to help the family, and other stakeholders, understand their options for the future and support them in making decisions that combine their aspirations, traditions and values. Our consulting process has been developed over 20 years and is based on extensive research combined with practical experience. Why&nbsp;does the family want to continue in&hellip;<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/monitorgroupconsulting.com\/index.php\/family-business-practice\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/monitorgroupconsulting.com\/index.php\/wp-json\/wp\/v2\/pages\/43"}],"collection":[{"href":"https:\/\/monitorgroupconsulting.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/monitorgroupconsulting.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/monitorgroupconsulting.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/monitorgroupconsulting.com\/index.php\/wp-json\/wp\/v2\/comments?post=43"}],"version-history":[{"count":1,"href":"https:\/\/monitorgroupconsulting.com\/index.php\/wp-json\/wp\/v2\/pages\/43\/revisions"}],"predecessor-version":[{"id":44,"href":"https:\/\/monitorgroupconsulting.com\/index.php\/wp-json\/wp\/v2\/pages\/43\/revisions\/44"}],"wp:attachment":[{"href":"https:\/\/monitorgroupconsulting.com\/index.php\/wp-json\/wp\/v2\/media?parent=43"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}