As specialist family business advisers, we understand that family and business can be two very different and conflicting systems at work.
With a wealth of experience in supporting the long term future of many family owned businesses, we can help you to establish comprehensive strategies, design a business structure which meets both family and commercial objectives and help you achieve strong business performance.
We know that keeping a business in the family isn’t always easy – understanding the passions and ambitions that drive the family and then applying these to the business needs and vision is critical. Of equal importance is forward planning to ensure the succession of the business to the next generation is as smooth as possible, both for the family members and the business.
Our unique approach helps family businesses review and optimise the key factors which contribute to sustained growth and longevity. We’ll spend time getting to know you and your business and work with you to ensure alignment of your family and business vision, values and goals.
How we can help:
Our unique software platform helps businesses flourish
Family Business Connect is our unique and innovative software platform that helps family and owner-managed businesses identify opportunities, reduce risks and safeguard their futures.
Based around the traditional structure of a house, it provides access to information, support and guidance on the unique challenges’ family businesses face.
There are seven rooms to visit, each one focusing on a different issue:
- Wealth preservation for family
- Increasing the value of the family business
- Succession and options
- Incentivising key staff
- Remunerating family
- Barriers to growth
- Risks to the business
Each room explores business needs, discusses potential problems, and provides relevant knowledge, options and advice to help family business leaders make better, more informed decisions.
You can navigate the rooms of the house according to individual or business goals. Your adviser will work closely with you to identify opportunities to add real value to your family and your business.
Click on the rooms of the house to explore further…
What are the benefits of Family Business Connect?
Our role at PKF Francis Clark is to use our vast, hands-on experience and the resources available across the PKF global network https://www.pkf.com/ to help family and owner-managed businesses ask the right questions, develop bespoke solutions and strengthen decision-making.
PKF member firms have worked closely with family businesses across the globe for many years. They are leaders in analysing what makes family businesses successful, where support is most needed, and what kinds of solutions provide most value.
It is this in-depth knowledge and experience that has enabled us to take our support for family businesses to another level with Family Business Connect. It is a bespoke service to help family and owner managed business to grow and prosper, preserve and enhance their family’s wealth and to future-proof the business for future generations.
How to use Family Business Connect
Each room of the house contains a wealth of information, guidance and support to enable you and your adviser to discuss the best options for your business. Within each room are a further three levels of information, providing additional insights and ideas according to your business’ pace and priorities.
Working with your adviser, you’ll use an assessment matrix to gauge your current position in each room of the house. The matrix acts as a blueprint to identify areas of your business that need attention and develop strategies to address those areas. The objective is to improve the wealth of the family and secure the success of the business.
Family Business Connect is just the beginning of your journey towards a more secure, more sustainable, and more profitable future for your business and your family.
A journey through the Family Business Connect house with a dedicated and highly experienced adviser will safeguard your position and help you to identify opportunities that add real value to your family and your business.