FAMILY BUSINESS CONSULTATION SERVICES

Conflict Management and Resolution

In the midst of management and organizational challenges, members of family-owned businesses  can lose sight of the mutual goals and interests that they share. When they do, conflict between family members can arise, impeding effectiveness in the business. Dr. Colon can:

• Meet with individual family members and hold family meetings                        

• Help develop a common platform from which family members can work together                                

• Identify issues that might otherwise undermine the family's efforts to position their business for future success                                                                

• Work closely with family members to help resolve their conflicts                               

• Utilize principles of mediation, negotiation and creative problem solving        

• Consult and collaborate with lawyers, accountants and other trusted advisors of the business                                                                                                

Succession Planning

Those in a family business know that their long-term success depends on the abilities of the principals to plan for the future and to make the transition to the next generation. Dr. Colon can assist in resolving founder transition issues and in developing a succession plan.

Professionalizing the Relationships Among Family Members in the Business

Family members working in the business need to have clear roles and responsibilities in order to work effectively, be evaluated  and receive proper compensation. Communicating in a professional manner in the workplace is key to a healthy family business. Dr. Colon can help establish professional patterns of relating, collaborating and problem solving among family members in the work setting.

Estate Planning Assistance

Avoiding estate planning? Can't seem to get it finalized? Many parents avoid the matter, confused by what a fair distribution of their assets might be or fearing divisiveness among the adult children. Dr. Colon can work with the parent generation and their estate planners in addressing the sensitive issues that might impede finalizing the estate planning process.