Family Business Consulting

The most successful family businesses operate according to sound, strategic plans focused on maximizing profitability and increasing business value.

The economy, competition, insufficient capital, lack of accountability, or inadequate compensation can prevent family business owners like you from accomplishing their goals.  But family businesses also face a whole set of complexities and troubles not experienced by other businesses because as family issues and business issues become frequently intertwined.

MJM Financial Advisors, LLC combines two decades of experience with proactive problem-solving to help family businesses of all sizes and across a spectrum of industries understand their value drivers, identify and overcome operational impediments, and produce and implement recommendations designed to meet family business goals. We specialize in helping family-owned businesses face many challenges and develop winning strategies for success, which can include:

  • Strategic planning
  • Developing outside boards of directors and advisors
  • Formal entry requirement for employing family members, including job descriptions, employee agreements and performance reviews
  • Governance policies
  • Transition planning
  • Compensation planning
  • Operational Reviews
  • Performance measurement
  • Merger, acquisition & joint venture consulting

For the owners of family-owned businesses, we begin by developing an in-depth understanding of your objectives concerning ownership and management of the business, the roles of family members and other business dynamics. Our principal focus is to identify and develop responses to opportunities for the family-owned business. This ultimately leads to a comprehensive strategic business plan.

MJM doesn’t stop at learning about you and the unique issues your company faces. We take the time to become knowledgeable on issues both you and your industry are facing, as well. By staying on top of the latest trends and issues in your business environment, we are better prepared to help work for you in the present, as well as help you spot opportunities and position your company for the future.

Contact us to learn how we can provide solutions for your family business.

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