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Family business consulting

Family businesses operate within unique dynamics. They have all the typical financial and economic pressures and considerations of any other organisation, but this is often against the backdrop of an inter-generational workforce, a well-established legacy brand and strong cultural and family values.

Our family business consulting team works with family businesses and their owners and leaders on running their businesses, and shaping and developing solid foundations for continued future success. This includes everything from succession planning and board advisory to setting up governance structures that reflect the current situation and future growth and aspirations of the business.

 

Our Family business consulting services

Succession planning

Transition – in business and in life – is inevitable. Many family business owners hope to pass their business or accumulated wealth to the next generation of family members.

Advisory board services

With extensive experience, we operate as an external, independent support for your Board needs and requirements.

Family governance and communication

We help family businesses with the facilitation and the development of governance structures as well as processes and tools to achieve better communication.

Get in touch
Robert Powell
Partner & National Head of Family Business Consulting
Robert Powell
Learn more about Robert Powell
Robert Powell
Partner & National Head of Family Business Consulting
Robert Powell

Get in touch

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Supporting the transition of a family owned business

Client challenge
Client challenge
Client challenge
A 50-year-old family-owned business, was founded by a husband and wife team to become a successful business, employing almost 600 staff across three locations in eastern Australia. The business has many long term employees and children working in the business, but no consideration had been given to the future. Do they sell, or do they have the skillset or the desire in the business for the baton to be passed on?
The solution
The solution
The solution
A collaborative approach between Grant Thornton and the family helped ensure the transition was seamless and the succession was ensured. The process included facilitated family interviews, to ensure all family members’ opinions were heard, as well as a facilitated workshop. These conversations were led in view of the seven considerations Grant Thornton see as the key to Succession Planning.
The outcome
The outcome
The outcome
The process resulted in a 20 step action plan to ensure the family and business is succession ready. A tailored Family Governance structure was recommended to focus on creating a stronger future focus and improving communication, alongside the creation of a Family Council supported by an independent Grant Thornton partner as facilitator, to ensure the family is held accountable.
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