Family Businesses
Family businesses don't have to be difficult to manage or grow
The relationship between a family and its business is one you don’t find anywhere else. It has a unique set of challenges that are difficult to navigate often undermining both family and business relationships.
What many family businesses struggle to find is help with the multi-layered business and non-business matters, especially when you do not see eye to eye on how to run the business making little progress towards growth. Often you are not given credit for contribution, feel you are not heard with seemingly no option but to prove yourself.
Gail's unique approach, helps clarify your aims and aspirations whilst empathetically guiding your understanding of how emotions and soft skills are influencing decisons.
Navigating Complex Dynamics With Sensitivity and Expertise
Managing the intertwined spheres of family and business requires understanding of personal concerns and emotions as well as the potential impact on business.
Family Needs
The needs of family business have become more complex.
It is important to know the nuances of the “non-business” aspects of business management alongside the business ones and how the complex ecosystems work in harmony.
Maintaining the balance of the family and business is a task that rarely goes smoothly. Many families turn to a multitude of advisors to help navigate each aspect in isolation. This approach often adds to the complexity.
Taking an integrated ecosystem approach overcomes many family business challenges within a growth framework. Gail's uniqueness to her work is taking, as her foundation and thread, a very human understanding of the topics.
Rather than squeezing your business or your family needs into a mould, Gail's approach is to first assess the health of your business and work from there, identifying the areas that need the most help and prioritising accordingly.
You've successfully built your business and will be doing a lot of things right, so let's meet you where you are and take you to where you want to be.
Family Business Leadership
A commitment to lead with purpose and positive outcomes.
The ability to interact with the family, the business management team and society requires skills that combine transformational and transactional leadership styles.
An effective and empathetic family communication style can result in better financial performance as well as more emotional stability, especially at times of transition.
Recognising the complexity of family business leadership enables Gail to take very human, simple yet profound approach and focus on the essence of the vital aspects for family business leadership, health and growth.
Aspects of Gail Biddulph's Work With Family Businesses
In her work with family businesses and individual family members, Gail's uniqueness to her work is taking, as her foundation and thread, a very human understanding of the topics. This approach is refreshing when the widespread approach is technically biased with less focus on people, their emotions, life and well-being. Gail weaves this approach whilst navigating all aspects of family business.
Next Generation Coaching and Mentoring
Family businesses have both advantages and disadvantages. The next generation in a family business face a new set of challenges and sifting dynamics.Often a conflict arises whether next gen should map their own career, or join the family business. This can lead to frustration, miscommunications and a widening gap between current and younger family members where disrespect and feeling voices and opinions are not heard or important.
Gail Biddulph offers family business psychology coaching and mentoring to help maintain the direction and growth of the business whilst equiping the next generation with tools and resources to ensure productivity, culture, wellbeing as the business continue to move forward.
Personal Skills & General Wellbeing
- Improving communicate & relationships between the business management and other family members
- Managing expectations and and dealing with multi-generational family expectations
- Resolving disagreements and conflicting priorities
- Practicing acceptance of other's views whilst maintaining effective communications
- Striving for equality and siblig relationship
- Personal development and well-being
- Helping each family member individually understand the complex psychologies and emotions behind their relationships with each other.
Succession Planning and Exit
The current generation have a wealth of knowledge, skills and experience. Knowing the next generation are strategically preparing their development is vital for the successful evolution of your family and your family business.Taking time to consider the transition from full time family business responsibilities to exiting the family business needs careful planning to maintain healthy emotions and life after daily life in the family business.
Creating a family constitution or family creed that sets out rights, values, responsibilities and rules whether for the future of the family business or during the transition provides a framework to deal with situations which arise during the course of the succession planning and exit.
General Personal & Business Skills
- Understanding, accepting and respecting each other's strengths, roles and responsibilities
- Integrating next gen family members
- Hearing women's voices and the nuances of communication
- Preparing next generation for their succession and responsibilities
- Creating a family guide or a system for future generations and for people joining (or leaving) the family
- Building knowledge, understanding and confidence about the business finances and family's wealth systems
Business Growth Skills
- Discussing, agreeing and developing shared purpose for the business and family
- Succession planning and professional support
- Exploring business exit options whilst maintaining family status
- Developing leadership skills
- Conflict resolution
- Business strategy development aligned with purpose
- Profitably delivering strategic objectives
- Management development programme analysis and planning
- Operational performance and growth project managment