Q: What does Family Industry Group do?

A: We help family businesses find their way through the myriad issues of combining family with business with the goals of:
1. keeping the family unified
2. keeping the business perpetually viable (see our Services page for more details about family business management).

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Q: What is the first step?

A: Contact us for a RISK-FREE assessment of where you are and how we can interface with you and your company. There is no charge for this assessment other than out-of-pocket expenses for travel.

Both of us can make an informed decision of whether the relationship should go forward.

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Q: How do you help?

A: We know how to cut through the rhetoric to the issues that must be resolved for family and business health. Family gatherings such as Christmas and business gatherings such as board meetings and strategy meetings can be held without the destructive tensions that can emerge.

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Q: Do I really need the Family Industry Group if I already have advisors (CPA, attorney, etc)?

A: The Family Industry Consultant Group knows how to communicate your needs to these professionals. Many times these professionals do not want to appear to take sides in any planning. FIG can utilize their services in the most productive way. Your professional advisors relationship will be optimized with our help. We can help your vision include all of the family owned business equation. Traditional advisors typically are reluctant to go all the way to the source of the challenge (see our Services page to see how we bring the necessary issues to the table for dialog).

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Q: We have less than 20 employees and have revenue growth at 10% or less per year. How can we optimize our family business?

A: An informal business operation often works well. Here are the areas we can help with:
1. Time and constructs to plan for the future
2. Handling growth
3. Technology issues
4. Employment issues
5. The function of wearing different hats
6. Financial controls

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Q: We have more than 20 employees or revenue growth of more than 10% per year. How can we optimize our family business?

A: Here are the areas we can help with:
1. Management issues
2. Organization definition
3. Board of Directors
4. Employment issues
5. Knowledge of frontline issues
6. Marketing
7. Non-family employees
8. Understanding of ownership and implications
9. Individual family members marketability
10. Establishing key metrics
11. Optimize infrastructure

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Q: What problems frequently interfere with implementing necessary actions to create perpetual value for the family and business?

A: Distrust, tension over the future (individually and corporately), family dependence on company income, fear. What hinders plans from being implemented? Here are some of the key issues most frequently cited as interfering with successful family businesses:
1. Family communications
2. Past and Current Conflicts
3. Succession Planning
4. Lack of Agreement
5. Emotional baggage

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Q: How do we contact you?

A: Take the first step to a more successful and satisfying career in the family business. Call us today at (316) 683-1324 or (800) 526-2846 toll free to talk about any family business issues you may have. Or, if you prefer, you can email us through our Contact page. We look forward to hearing from you soon!

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