- Next Generation Development & Education
Whether the owner’s children or relatives remain in the business after transition or not, they can benefit significantly from one-on-one mentoring with experienced business leaders, who understand the distinctive challenges family businesses face, as owners or operators.
The Predictable Futures team offers coaching and mentoring – either broad in scope or designed for specific challenges – aimed at getting the next generation ready for success.
When there’s potential for the next generation to succeed in the firm’s current leader, mentoring is often the key success factor in grooming the younger leader for a greater organizational role.
- Family Dynamics & Meetings
Family dynamics can spread deep dysfunction within a company. We deal with these risks and pitfalls every day with an arsenal of tools that allow us to spot issues early and resolve them quickly, saving you time, money, and heartache.
Family businesses operate at a fast pace, often with thin teams, so it’s common to have neither time nor resources to foster good communication skills and processes. A lack of or bad communication creates confusion, conflict, tears, and turmoil. Your company’s culture and family dynamics must be based on clear communication and trust in order to move forward.
Predictable Futures has the objective perspective, and experience in this area needed to help your family find the healthiest and more productive way forward – for both the family and the business.
We use family business system tools and in-depth analysis of the dynamics of the family, business, and ownership group and determine where there are good alignment and misalignment. Then, we lead the family through a Discovery Process, where the family becomes familiar with their unique system, and processes such as family meetings to work through the issues that need to be resolved to move forward to a healthy future for all.
- Family Policies for Health
Part of moving ahead as a family in business is to set up well-understood and commonly agreed ways of living and working together. There are well-understood mechanisms, policies, and practices that Predictable Futures are experts at, designed, and customized for your business and family needs. Examples include Family Values Statements, Family Employment Policies, Codes of Conduct, Dividend Policies, and so on.
We help families create ways to handle their relationships outside and inside business hours so that when the inevitable conflict of working closely together does come up, you’ll all be equipped to deal with it constructively rather than destructively. The key – wherever possible – is to set these up before tension or questions start to come up. Having the decisions made proactively can mean that conflicts that might otherwise emerge never need to come up, protecting both family and business harmony and peace.
Predictable Futures uses these tried and tested tools to help families in this tricky area, all aimed at moving past conflict in healthy, creative ways. Turning difficulty into an opportunity. Our processes keep family health and goals at the forefront, balanced with the needs of a fully
- Family Conflict Management & Resolution
Sometimes family business conflicts become overwhelming and too much to handle for some of the members alone or even the whole family on its own.
Predictable Futures has a strong team of professionals skilled in helping families move past these “sticking points”, and getting the business and their relationships back on track.
Our process not only resolves the immediate issue but also teaches your family how to resolve conflicts on your own, as they arise.