Consulting Services for Family Businesses
Sometimes family businesses need individual attention -- professional consultation -- to manage significant challenges. Often the greatest hurdle a family-owned enterprise or closely held firm faces is a leadership transition; however, they may also need assistance with developing accountability structures, empowering the next generation of family leaders, building unity among shareholders, establishing a board of advisors or directors, or identifying their competitive advantage.
Mike McGrann, manager of The TELOS Group, has extensive experience working in consultation with family businesses across the United States and in Latin America and will tailor a plan for consulting services around your specific needs.
His mission: “To unify family businesses and closely held shareholder groups and ensure their success and prosperity across generations.”
Typically, an consulting engagement involves four steps:
- Evaluation - conducting interviews to understand the unique perspectives and concerns of shareholders and executive team members and their goals for the future.
- Conversation - facilitating a series of individual and team meetings to outline a formal plan for leadership transition, for example.
- Education - holding workshops and development coaching for team members and potential successors. Topics can include clarifying values, vision and mission; outlining a strategic plan for the future; creating the next generation of leaders; building governance strategies and structures for long-run success; defining your leadership development path; developing communication skills and building relationship capital; becoming an empowered leader; creating entrepreneurial teams and leaders.
- Implementation - recommending a path for your organization, to include both content and a process for implementing the plan. The intensity of consulting support varies according to the needs of the business.
Family firms approaching a leadership transition or facing other significant issues that would benefit from third-party consultation with The TELOS Group are encouraged to call the S. Dale High Center at 717-361-1275 or email Mike McGrann directly to set up a pre-consultation interview.