Why does becoming an Engaged Owner matter?

Engaged family business owners are better equipped to meet the challenges of multi-generational family business ownership because they understand their Core Capital, have aligned family and business decision-making around a Shared Purpose and Vision, and manage their various “hats” appropriately—parent, child, owner, manager, employee, director, trustee, beneficiary. Through all of this, they are able to create effective governance.

Engagement is critical for families to successfully navigate significant transitions over the long term—ownership and business succession, estate events, business expansion or sale, family transitions.

Engaged owners are better equipped to manage the transition from controlling owner to shared ownership with minimized risk while inspiring a sense of teamwork to sustain success for future generations.

Engaged Ownership: A Guide for Owners of Family Businesses lays out a straightforward process for developing engagement and improving decision-making in your family’s enterprise. Engaged Ownership can be a useful way to introduce these helpful concepts to the wider family group.

The Engagement Toolkit provides a clear process and bespoke materials to help guide owners of family businesses toward engagement, a Shared Purpose and Vision, and effective governance that is reflective of their circumstances. Owners and their families work directly with Engaged Ownership through tailored remote or in-person sessions.

For enterprising families looking for highly-customized consulting assistance on governance, strategy, and intergenerational transitions, reach out to us through our consulting practice.