Family Business Management
Family Businesses have important impact on economic activity, wealth creation and job creation not only in Turkey but also in the world’s economies. Family business have longevity matters. However, in their first 5 years of operation, approximately 85% of entrepreneurial and family-owned companies disappear. Among those that survive, only 30% are successfully transferred to the second generation of the founding-family owners.
Our leaders support family businesses to adopt managerial, governance, and family practices that increase odds of family-business success.
Family Business Management Capabilities:
- To develop and organize family meetings and council
- To help to write family constitutions and policies
- To prepare the next generation of leaders and help to transfer the power
- To support succession planning
- To train owner-managers
- To build effective sibling teams
- To develop fair compensation plans
- To build effective board/advisory board
- To design healthy family business relationship
