Professionalisation of Family Business

Professionalizing the family business

The professionalisation of a family business is a critical transition that involves moving away from one man leadership towards a more formalised, system based approach of managing the business for business excellence. The process is focused on creating a transparent, collaborative & supportive environment for family members in different generation and non - family executives.

In this new approach, business resources at all levels are driven by a common vision that is transparent and accountable. And the decision-making authority is clearly defined and delegated to a highly capable managers within family or non family leaders.

Family businesses report this as a shift from family first to business first in their focus.

78% of businesses with established roles and expectations for family members experience higher performance and improved family dynamics.

(EY India)

62% of businesses with implemented performance reviews and compensation policies based on merit report reduced nepotism and attracted better talent.

(Deloitte India)

Why Professionalize Your Family Business?

Business Threats

Family Challenges

New Opportunities

• Loss of market share

• Lowering customer satisfaction

• Delayed decision-making

• Inefficient business operations

• Lack of accountability in the team

• Struggling to expand the business

• Failing to tap into new products or geographies

• Misalignment among family members

• Unequal opportunities for family members

• Lack of transparency or access to information

• Lack of talented or interested successors

• Unclear roles and responsibilities

• Unclear decision-making process

• Biases and preconceived notions about family members

• Work ON the business rather than IN the business

• Create a common business vision and goals

• Define a strategy to scale the business

• Create a succession plan for smooth business transitions

• Attract qualified and capable manpower

• Tap into new business opportunities

• Attract investments from outside investors

Process of Professionalizing Family Business

With insights from 750+ family businesses, our unique process of professionalisation enable family to assess & align on key objectives of business, creating synergy among senior leadership, next-generation leaders & other stakeholders by fostering transparency, open communication, collaboration & accountability. This collaborative approach facilitates clarity of roles and responsibilities, promotes a culture of continuous learning, adaptability, and mutual respect, ensuring family harmony and the longevity of the family business.

Visionary
Leadership

Creating the Professional Board

Building Core Teams
& Key Capabilities

Developing Vision, Policies & Systems for High performance

Ensuring Accountability & Progress Review

Outcomes of Professionalisation

The professionalization of a family business is crucial for enhancing its performance and longevity. By establishing clear roles and responsibilities, it helps minimize family disputes and tensions while fostering transparency and accountability among all stakeholders. A professional environment boosts employee morale, attracts top talent, and streamlines operations through formalized processes and systems. This ultimately leads to reduced costs and improved productivity. As a result, a well-managed and professionalized family business is often valued more highly by vendors, customers, and investors.

Transparency & Accountability for all stakeholders

Performance Boost & Longevity of Business

Attracting Capable Talent & Outside investors

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“Other things may change, but we start and end with the family.” –Anthony Brandt

Our mission

We believe in the institution of family to nurture values based leadership.

Our mission is to inspire business families to develop capable & generous business leaders & their next generation who can lead our communities with strong values.

Our vision

• Serve 1,000 family businesses by 2028

• Serve 25,000 family businesses by 2040

Our expertise

• Creating a safe space of effective communication

• Exclusive experience of 750+ family businesses

• Implementation focused

• High impact interventions

• Customised development process for your needs in family & business