CONSULTANT
STRATERGIC PLANNING
The core business strategy of a family company is the shared commitment of “family members” to the business, built on family values and goals. The collective vision of family members, along with their roles and evolution within the business need to be aligned with the aspirations of each member and passed on across generations. FBV Consulting supports clients in finding “consensus” on business vision and goals, designing the “Family Constitution” as a governance framework to ensure effectiveness and preserve identity through generations.
SUCCESSION PLANNING
Succession in a family business is not “on a beautiful day, the “superstar” founder hands over the company to their children or grandchildren.” Succession is a “comprehensive plan” to develop the next generation of leaders and design a smooth, successful transition process. FBV Consulting partners with family businesses to prepare every aspect of this process, from planning, family unity, post-succession governance, delegation of authority, building next-generation governance structures and connecting family members, shareholders, and employees with a shared vision for the next generation.
FAMILY BUSINESS GOVERNANCE
Family Business Governance is a system of rules, structures, mechanisms, and processes designed to coordinate the relationships between family, business, and ownership. Its purpose is to ensure effectiveness, fairness, and governance transparency while supporting sustainable growth across generations. FBV Consulting company with family businesses to build and operate their “governance pillars” including: Family Council, Family Constitution, Board of Directors, and Ownership Council. These pillars define the governance system and ensure long-term development of family enterprises. Especially, ownership governance includes principles, structures, and processes to regulate the roles of family members while maintaining business ownership.
FOUNDER’S NEXT
GENERATION TRANSITION
Founders in family businesses are the “teachers” who pass on experience, philosophy, and strategies to the next generations. They “build” and “shape” the values system that inspires all members to live with the family’s cultural and business mission. FBV Consulting supports clients to design roadmaps that “ignite” and “sustain” the transition from the founders or “Superstars” to the “new generation.” This involves managing the “shadow” of the founders, addressing the difficulties and challenges they leave behind, establishing Board of Directors succession plans, and developing leadership skills to pass on “implicit wisdom and governance know-how” to the next generation.
FAMILY AND NONFAMILY
LEADER DEVELOPMENT
Non-family leadership is always a sensitive and common issue in the development of family businesses. The use of external leaders (including CEOs and senior executives) requires a well-prepared and professional strategy. FBV Consulting partners with clients to design a “dual pathway” for developing leadership capacity of both family and nonfamily members. In particular, nonfamily leaders need to “earn trust,” “demonstrate authority,” and “understand family values” to work effectively and professionally.
WEALTH MANAGEMENT
Wealth management in family businesses is the planning of protection, growth, and sustainable transfer of assets and legacy across generations. The three pillars of family wealth include: Assets – People – Values/culture, which together constitute the family’s wealth and legacy. FBV Consulting advises on structuring family and business assets, ownership principles, inheritance planning, wealth transfer strategies, and developing financial thinking for next generations. In addition, potential risks to family wealth are also identified and prevented to ensure long-term stability for both the family and its business.
MEETING AND COMMUNICATION
Family business meetings and family business communication are two pillars of “soft governance” in the family business system. These are essential skills and techniques to build trust, seek consensus, and maintain stability within the business. FBV Consulting supports clients in designing six common types of meetings to achieve high effectiveness, along with a communication toolkit for both family and business. In addition, communication styles within the family and the company are standardized to strengthen the “family identity” toward success.
LEGACY AND CULTURE
The legacy of a family business is the “soul and imprint” of “a family” to be passed down to future generations, communities, and society through their family and business. A family business’s legacy is the combination of values, culture, spirit, traditions, business philosophy, and tangible as well as intangible assets to be preserved for generations. FBV Consulting helps businesses define their core values including spirit, family values, culture, achievements, identity, community responsibility, and sustainable commitment in both family and business.
