Whalen Family Business Advisors

Did you know that only 30% of family businesses survive in to the second generation and less than 12% make it to the third? The success of a family business inevitably comes down to their ability to integrate the needs between ownership, family, and business.

Whalen Family Business Advisors will partner with family business owners and guide them through the unique challenges specific to their family business. The Three-Circle model of family business is at the core of our work- we focus on our clients' ability to successfully integrate and balance the needs between ownership, family and business.

The issues we help clients navigate include;

• Legacy: What values define you as a business family?
• Strategy: Based on your defined values, how will resources be allocated to achieve your goals? Have you defined company key messages and are they linked to you core competencies and business plan?
• People: Are there clearly defined roles and responsibilities of management and key family members? Do you have established policies as they relate to family member hiring, performance based evaluations, compensation, and conflict resolution?
• Succession: Do you have a succession plan? How will you prepare for succession to the next generation?
• Governance: Does information flow easily between the family and other stakeholders? Do you have an outside board of advisors and regular family meetings?

Interested to hear how Whalen Family Business Advisors can help you? Give us a call at 937-414-6957 or email [email protected]