Family Business is Hard
We Make it Easier
Our experienced consultants and advisors have owned family businesses, worked in family businesses, and advised family businesses.
FAMILY BUSINESSES ARE AWESOME
Family businesses generate 62% of the country’s employment and 78% of all new job creation.
The average life span of a family-owned business is 24 years compared to 15 years for S&P 500.
The number of family businesses run by women have grown 37% in the past five years.
35% of Fortune 500 companies are family companies.
Family businesses comprise 80 to 90 percent of all business enterprises in North America.
Family businesses are the brains behind innovation.
COMBINING BUSINESS AND FAMILY BRINGS SPECIFIC CHALLENGES
Complications due to wealth disparity and lack of liquidity options.
Lack of Shared Vision
Diverse levels of expectations, contribution, commitment, and interest amongst family members. Lack of shared vision.
Difficult histories, communications issues and competition among family branches
Only 40% of family owned businesses survive to the second generation, 12% to the third, and 3% to the fourth.
It's our mission to change those stats!
YOU NEED ADVISORS THAT UNDERSTAND BOTH BUSINESS AND FAMILY
All businesses need to make a profit, increase value for their shareholders, manage their employees and make sure they stay relevant in an ever-changing world.
What makes family businesses different are the relationships between family members.
Family businesses have a wide spectrum of emotions – from trust, love, and affection – to resentment, jealousy, and rivalry.
So, when you seek outside help, you need to find an advisor that knows and understands this so they can help deal with issues through that lens.
At Ferguson Alliance, we specialize in helping family businesses.
Rob’s your guy if you have a family in conflict and you want to save the business
He can quickly get to the root cause of disruption in a family owned business. He brings focus to what should be driving decision making – often with his very first question: do you want to be a business first family or a family first business?
Rob is even-keeled when things get tough, or a situation is difficult. He always has the client’s best interests at heart, and he offers a calm and comforting presence. This work is personal to Rob, you’re not just a transaction, the relationship matters to him.
~ Alison Moss Comstock, Comstock Partners
WE COMBINE PRACTICAL BUSINESS STRATEGIES WITH TACTFUL, RESPECTFUL COMMUNICATION AND FACILITATION TO HELP FAMILY BUSINESSES THRIVE
Your first step is a confidential, no-obligation consultation.