Family Businesses: Issues, Problems and Solutions.
100 Challenges categorized under 10 Sections.
Their Warning Signs.
R
isks and Practical Remedies.
Self-Assessment, Scoring, Reasons for Low Scores, and Recommendations.
Interview with Owners Guide.
The Companion App
Compiled by
Basheer Juma, FCA, with Digital Minds
www.timemanagementclub.com
Benefits for business
• Prevention: solving problems before they get large and expensive.
• Measurable health: a score from 1 to 100 for each area and the business overall.
• Clear priorities: high, medium, and low-risk issues, so that effort is spent where it makes the most difference.
• Tasks, not advice: each weakness is an action with an owner, a role, a target date, and a measure of progress.
• Continuity: better readiness for succession, transfer of ownership, and emergencies.
• Credibility: Good governance gives confidence to banks, investors, partners, and key employees.
• Family peace: sensitive issues are discussed in a neutral format rather than personal attacks.•
Benefits per audience
■ Senior generation, founders:
Plan succession and ownership transfer on their own terms and protect their legacy.
■ Next generation people:
Know what is expected of them, find a voice, and prepare for leadership and ownership.
■ Family councils and boards
Use a ready-made agenda of 100 issues and a structure to keep track of decisions.
■ Non-family managers: Understand familial relationships and contribute confidently to governance.
■ Family business advisers and consultants: Use a diagnostic, interview guide and report format that is ready for client families.
■ Bankers, lawyers and chartered accountants:
Identify governance, ownership and continuity risks in clients’ businesses.
■ Trainers, trade bodies and chambers of commerce:
Organize workshops and Training Programs within a Practical, Structured Framework.
■ Universities and business schools:
Teach family business management through real-world problems and tools.
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