How to Grow Family Business
Introduction
Growing a family business requires a balance of tradition, innovation, and strategic planning to ensure long-term success. Expansion involves strengthening leadership, diversifying revenue streams, and embracing modern business practices while maintaining core family values. Professionalizing management, adopting technology, and expanding into new markets help sustain competitiveness. Clear governance, succession planning, and conflict resolution foster stability and trust. Investing in talent, customer relationships, and brand positioning enhances growth potential. Without a structured growth strategy, family businesses risk stagnation and missed opportunities. A forward-thinking approach ensures sustainability, profitability, and a lasting legacy across generations.
This training program is designed to include:
- 16 hours of training
- 03 months of one-on-one coaching
How you will benefit
- Understand the key drivers of growth in today's dynamic business environment.
- Develop and implement effective growth strategies, including market expansion, product development, and innovation.
- Enhance operational efficiency and improve profitability.
- Explore and evaluate new business opportunities and diversification strategies.
- Understand and address the challenges and opportunities of international expansion.
- Develop and implement effective marketing and sales strategies.
- Leverage technology to drive growth and improve business performance.
Who should attend
Families in Business: From Generation to Generation is intended for teams of business family members, such as:
- A chief executive officer [or top family business leader(s)] and his or her spouse
- Children of the business leader(s) and their spouses
- Siblings and their spouses/partners
- Cousins and their spouses/partners
- A manager or an employee
- A board member
- A shareholder
- An interested relative, who may be an in-law
What you will cover
- Developing a growth philosophy and change-ready culture
- Turn destructive forces into opportunities
- Becoming a "Master of Growth"
- Best practices of fast-growth family businesses
- Relighting the entrepreneurial flame
- Evaluate the entrepreneurship is your firm
- For a more prosperous future, first purge the ghosts from your past
- How to tell whether your firm can handle new growth
- A diagnostic test for "growing pains"
- How to find out whether your business is sustainable
- Keys to sustainable growth
- Making effective use of an outside board
- Recruiting CXOs who can help you grow
- Growing and diversifying under one umbrella
- Catch-up the market trend and your bottom line
- Think and act of globalization
- Creative financing without debt
- Cultivating your banker and selling your expansion plan
- Step up to the equity cash window
- Tradeoffs in going public
- Is there an IPO in your future?
- IPO do's and don'ts
- Create a family culture to support interpreneurship = startup inside of the family business
- Budget for retirement to avoid killing the business
- Teach young leaders to take responsible risks
- Invest in the family's human and intellectual capital
- How to win support for investing in future profits
- The importance of business-literate shareholders
- Happy employees drive growth
- Incentives to align employees' work with your goals
- Be the best you can be - not necessarily the biggest
- Buy a new business of your current family business isn't growing
- Improving your profit-ability
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