Family businesses do things differently!Every family business is unique, we know that but the tensions and strains in a family business to a greater or lesser extent are always the same. in this seminar we look under the skin of the family business and shine a light of some of the common areas of conflict and stress. 

The truth is out there - you are not alone!There is a link at the end of this deck to the associated blog and webinar recording

Conflict in a Family Business!

How to avoid

How to Avoid Conflict in a Family Business

Ian Priest

But we are a family business…Every family business is unique

Every family business is unique

• Yes every family business is unique• But only because every one of us is unique

• Family businesses come in all shapes and sizes from “one man band” sole traders to huge limited companies (Clarkes Shoes)

• There are issues that every family business faces• What ever size they are

Family businesses do things differently• Yes family business do do things differently

particularly the small and medium size ones• Family business are typically started to feed the family,

to produce an income or as Peter Roper puts it “to fill the fridge”

• Family business are driven by a personal morality not always seen in corporate structures. They “want to sleep at night”

• The have a sense of loyalty to staff, suppliers and customers. They “do business with people they know like and trust”

• Curtesy of Peter Roper The Family business Practicehttp://www.familybusinesspractice.com

The real difference is the people and the personal relationships• We need to look at the relationships

The Business

The Owners

The Family

The real difference is the people and the personal relationships• We need to look at the relationships

The Business

The Owners

The Family

1

2

4

3

The Business / The family• Which family members are in the business• Which family members are outside the business• Which family members “expect” to be in the business• What is the relationship / attitude of non family staff

The Business

The Family

The Business and the Owners

• Are all of the owners involved in the business• Or are some of the owners remote from the

business

The Business

The Owners

The Family and the Owners• Are all family members “owners”• Which family members expect to be owners/• What about extended family – cousins – step

siblings 2nd or subsequent relationships ….

The Owners

The Family

What happens when a shareholder dies?• Do you understand the consequences of death on a

business – it can be devastating and not just because of the tragic loss.

What happens when a shareholder dies?balance sheet as at 31/10/2016

Company makes EBITDA £200k per annum after paying the directors £50k each net

£,000 Asset liability

Property 100

Machinery 50

Stock 10

Debtors 90

Cash 100

Supplier's 50

HMRC etc 30

Shareholders funds 270

The truth is out there - you are not alone!

• Biz-smart has the contacts the resources and the people to help you deal with these issues

• Make use of the website and webinar catalogue• Call one of the core advisors or select members for

specialist advice

Ian Priest ACIBIndependent Banking Consultants

ip@independentbankers.co.uk or ian@biz-smart.co.uk

07917355751

BizSmart aims to help business owners of small and medium sized businesses to create value and scale their businesses through sound practical business support by providing insight, Clarity combined with a real determination to help you succeed.

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You can read the associated blog and listen to a live recording of this presentation by clicking here

You can read Ian’s profile here

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