Is Your Family Business Positioned for Long-Term Success?

Successful family businesses don’t just happen—they are intentionally built and nurtured over generations. The most enduring enterprises have developed governance structures, leadership transitions, and communication practices that sustain both the business and family relationships over time.

This 50-Point Family Business Health Check, inspired by our co-founder John L. Ward’s Perpetuating the Family Business: 50 Lessons Learned from Long-Lasting, Successful Families in Business, helps business-owning families assess where they stand today and where they may need to focus for the future.

• Identify strengths in your business and family governance

• Uncover potential areas for improvement

• Gain clarity on key factors that influence long-term success

• Start conversations about continuity, leadership, and family harmony

Looking Ahead

Each family business is unique, but those that thrive across generations tend to follow similar best practices. This checklist is a helpful starting point for assessing where your business stands today and thinking about what’s next. If certain areas stand out as priorities, thoughtful planning and open conversations can help ensure a strong future for both the family and the business.

About The Family Business Consulting Group

For more than 30 years, The Family Business Consulting Group has helped family enterprises navigate the unique challenges that come with balancing family, ownership, and business continuity across generations.

Our advisors work exclusively with family businesses and family offices, providing guidance on succession planning, governance, leadership transitions, communication, ownership alignment, and long-term strategic planning. Through decades of experience working with family enterprises of varying sizes, industries, and generations, FBCG helps families strengthen both their businesses and the relationships that support them.