More at Stake than Money
Challenges arise when a group of Owners take over from a single entrepreneurial founder - individuals have different needs and wants and the business must support the needs of the family and vice-versa. Conflict is natural and what has worked in the past may no longer work going forward. There is a need for a group of Engaged Owners - owners who understand what has been invested in the Family and the Business over time and the importance of an agreed Shared Vision.
Becoming an Engaged Owner means understanding your Core Capital - The unique blend of Financial, Human, and Enterprise Capital that make up the assets of a business-owning family. Core Capital includes the business itself but goes far beyond it, examining the savvy in the family’s lineage and the Entrepreneurial Knowledge and drive developed over generations. For a Business-Owning Family, there is so much more at stake than money. When Owners think broadly about how all the forms of the Family’s Capital are invested inside and outside the business—not just the financial capital—they are more likely to deploy their capital wisely.
Engaged Ownership is the game changing work of Amelia Renkert-Thomas, a highly regarded international Family Business Consultant. Amelia knows, first hand, the challenges Family Business Owners face - she was the President of her own family's 5th generation manufacturing business in Ohio - she has advised Family Business Owners as a partner at an international law firm - she is the granddaughter to the founders of Fisher Price Toys and most recently she has been recognised as an Award-Winning Family Business Consultant.
Engaged Ownership has helped Family Business Owners to:
Learn to work effectively with management and the board of directors
Get everyone on the same page in terms of vision and direction
Build relationships that lead to forward-thinking management
Succeed in the ownership role by bringing your expertise to the forefront
Engaged Ownership: A guide for Owners of family businesses
Engaged Ownership: A Guide to Owners of Family Businesses illustrates the process and challenges of Family Business Governance through the story of the Owen family. The four Owen children find themselves as Third-Generation Owners following the unexpected death of their father. Their story is pieced together from those of many family businesses, and it demonstrates how Managing and Non-Managing Owners can come together to make decisions about the future of the business and core capital.
Engagement Toolkit - training For family Owners
The Engagement Toolkit is an exciting new development in the field of Family Business Consulting - giving families the skills, knowledge and practical tools to be truly effective owners - that work together as a group. The programme was developed following the success of 'Engaged Ownership: A guide for Owners of Family Businesses' and provides practical proven advice in a series of workshops, videos, manuals and consulting time to help your family to do the work yourselves according to your unique needs.