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Helping Family Businesses
Prosper Across Generations®

The Five Building Blocks of Strong Family Businesses

In good times and in bad, a solid foundation will help support whatever comes down the road for your building_blocks_lo_resfamily business. During this webinar, principal consultant Dana Telford shares the five fundamentals that families should not only learn, but consistently revisit and practice in order to give their business the best chance for success.

Drawing from real-life cases in his work with families around the world, Dana explains how to construct and maintain a strong foundation with the following building blocks:

  • Aligned ownership
  • Effective board of advisors/directors
  • Strategic planning
  • Merit-based leadership
  • Engaged family governance

Dana also discusses how these fundamentals can help keep family businesses grounded during times of uncertainty and crisis. This 1-hour program includes time for Q&A.
 

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About the Presenter

Dana Telford is a principal consultant with The Family Business Consulting Group specializing in helping family business owners plan for succession and manage the complexities and opportunities that are inherent to family business. He works with controlling owner, sibling partnership and multi- generational family enterprises of all complexities and sizes, and across multiple industries. Dana has been a guest lecturer on family business topics around the world and is a third generation member of a U.S.-based commercial real estate firm.

Additional Resources

Suggested Articles

You can also access hundreds of in-depth articles written by our team that address the unique challenges faced by family enterprises from communication and conflict to succession and continuity. Visit our Article Library.

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Services for Building a Stronger Family and a Stronger Business

How do we help bring your family into alignment? The process begins by understanding the various aspects of the family and the business, including family dynamics and history, vision, mission, and culture as well as the structures of ownership and governance that interact with these systems. From there, we start to determine where the biggest opportunities are to establish agreement on key issues around the business, as well as what areas of education and facilitation will help equip shareholders to be effective stewards of the family's legacy.

To learn more about how organizing and educating the family can support family enterprise success, please contact us at info@thefbcg.com or 773-604-5005.

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