A family member is the ultimate stakeholder. Your stake is primarily in the person of the owner and secondly in the owner's business.
It is because of this special relationship that you should consider the advantage of working with ROCG in the transition of your husband's/father's/uncle's/ etc. business.
ROCG is experienced in dealing with highly charged family issues. As third-party participants, our advice is seen as dispassionate and reasonable. We have no vested interest. Our objective is to see the business transitioned in such a way that everyone is satisfied with the outcome.
To achieve a satisfactory transition often means assessing the qualifications of siblings, their abilities, their desires, and their aspirations about the business. Do they want in or do they want to stay away?
We assess conflicts and potential trouble spots down the line. As a third party, we are perceived (rightly) as an objective participant. So our advice has a tendancy to defuse emotionally charged issues, allowing all participants to consider alternative solutions that all parties can satisfactorily live with. Conflicts are the barriers to happiness. It's our job to demolish those barriers for you.
In family situations there is always the possibility of conflict and hurt feelings that can result in a lifetime of strained relations. ROCG has the experience to work with families, often designing solutions that avoid family disputes and result in satisfying agreements all around.
Business is not an end in itself. It is a means to quality of life. We assess that from all parties' points of view. We come to the issue of business transition from a completely refreshing and personal perspective: from the human angle.
In most business owners' lives there are important stakeholders who stand in a unique category. You may be a wife, a husband, a son, a daughter, perhaps a nephew or a cousin. Whoever you are, your feelings supercede dollars and cents. You are primarily concerned about the individual and his/her happiness and welfare. Perhaps your concern is that your loved one should retire and enjoy a different life. That is why working with ROCG is crucial to your deeply felt concerns.
Our experience and expertise has shown us many innovative ways to bring about remarkable business transitions. Did you know, for example, that siblings often don't blend well in a business when they succeed a parent? But a son or daughter with a cousin tend to have remarkable success working together.
When a relative is prepared to take over a business the proper training can transform their leadership style. Often it is not possible to duplicate the business style of the owner who built the business. But with the right preparation, a relative who is the successor, can bring the business forward with an entirely different leadership style. That is why you should get ROCG involved from the ground floor. We really do have solutions that can be made to work in your uniquel circumstamces.
Your family member (the owner) can ease out of the business. He/she can pull out completely or he/she can be there in the background as a prime advisor but not as the controlling hand. The owner's advice and insight is something that should not be thrown away. There is a rich heritage of inside knowledge that can bring dimension and stability to the new leaders.
If you see that your family member should be retiring or transitioning his/her business (even though you see there is a barrier on their part to discussing the issue), now is the best time to talk to ROCG. The first meeting is free. We'll lay out various options you, and all concerned, have. Our method will almost certainly take a load off your mind. You may gain a great sense of hope and relief.
Your participation is vital to the happiness of your loved one. ROCG sees the human side of things, the interpersonal side of issues. Because when all is said and done, emotions are the factors that drive life. ROCG understands that. It's a large part of why we are successful in transitioning businesses. So call us today. You'll be glad you did.