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Managing the Family Business guides clients in all stages of family business operations, from making the decision to start a business to planning for retirement. Family Business Management can make a difference in the way your family does business.

Services

Dr. Northington offers counseling services in the following areas: Preserving a Marriage, Children Involved in the Business, Intervening in Family Disputes, and others.

Retreats

are one of the best ways to help family members gain perspective about the family business. It is an excellent opportunity to air and resolve unique issues affecting all family members, not just those involved in the business.

Managing the Family Business

Managing the Family Business is the sum of all valuable lessons Dr. Northington learned while managing his own family business. There is a case study throughout the book, and opportunities to check yourself about how you might handle similar situations.

Biography

Dr. Northington is the author of Managing the Family Business: A Guide for Success. He also has authored a series of articles on managing family businesses for use by newsletter publishers.

Questions

Dr. Northington will personally answer all questions relating to family business management issues. He will not answer questions relating to complex analytical mental health questions or medical questions.

managing a family business

Family-owned businesses are unique. Complex issues are inherent in each. Building a profitable business while maintaining a successful marriage can be precarious at best.

managing a family owned business

Dr. Northington's unexpected 14 year education in managing a family-owned business and an opportunity to apply a formal education in psychology to the challenges of working with family members. Managing the Family Business is the sum of all valuable lessons Dr. Northington learned while managing his own family business.

conflict resolution in a family owned business

When close relatives work together, emotions can often cloud business decisions. All too often, business discussions continue at home and into the evening. This can cause undue stress on the entire family unit. Without clear boundaries, separating the business and the marriage, there can be unhealthy consequences to the marriage. More often than anyone would like to admit, alcohol and other substances are a problem in the workplace.

family owned business problems

Managing a family-owned business presents unique problems and challenges. Family-owned businesses have rules all their own. 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 problems

A Family-owned business has problems all their own. When close relatives work together, emotions can often cloud business decisions.

family business management

Family Business Management can make a difference in the way your family does business. Family Business Management guides clients in all stages of family business operations, from making the decision to start a business to communication, cooperation and control in a family business to planning for retirement.

family business management issues

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.

family business transition of ownership

More than 30% of all family owned businesses survive into the second generation. 12% will still be viable into the third generation, with 3% of all family businesses operating at fourth generation level and beyond.

small business transition of ownership

Small business transition of ownership can be very complicated. The best time to start thinking about your exit strategy is now, even if it might be a long time before you actually want to transition out of your business. Time will allow you to consult with professionals and put your plan in place, and you can optimize your chances of getting the most financial and personal satisfaction from the results.

family business retirement issues

Have you dealt with your family business retirement issues? Inadequate estate planning and failure to properly prepare and provide for the transition to the next generation, coupled with lack of funds to pay estate taxes, were among the three leading causes for the failure of family-owned businesses.

family owned business succession

Have you planned for your family business succession? Succession planning is a growing issue for family businesses due to demographics. Post- World War II entrepreneurs, who created the world's greatest wealth, have reached an age when they must decide how to pass on the wealth secured primarily in their family businesses.

small business succession

25% of senior generation family business shareholders have not completed any estate planning other than writing a will; 81% want the business to stay in the family; and 20% are not confident of the next generation’s commitment to their business.

employing a spouse in a family 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.

employing children in a family business

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.

marriage partners and business partners

Is employing a spouse in a family business a good idea? Maybe. There is a danger in husbands and wives working together. All too often, business discussions continue at home and into the evening. Some couples manage their lives with this continuous exposure to business, while others find that it is invasive and intrudes into family matters. Without clear boundaries, separating the business and the marriage, there can be unhealthy consequences to the marriage.

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