Dr. Marshall Northington's Managing the Family Business

family business management issues

Family business management issues usually result from the dual relationship between members of the firm. They encounter difficulties any other enterprise faces, as well as adjust to relationship issues related to working together day in and day out. Family Business Management guides clients in all stages of family business operations, from making the decision to start a business to preserving a marriage and profitable business interests to planning for retirement. For example, have you thought about bringing family members into the business?

Integrating family members into the business requires some important planning. Structuring a job description and assigning someone other than family to provide supervision is essential. How this is organized and presented is crucial to successfully bringing family members into the business. In 1989, after running his own family business for 14 years, Dr. Northington founded Northington Ph.D. to assist individuals with career planning and life changes. Soon after, he developed Family Business Solutions as a major division of his practice.

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