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Creating a Family Business Plan


A case for a family business plan
What a family business needs

1. How to Resolve Unique Challenges of Family Business

Values of a family business
How to treat family and non-family employees
Set performance and accountability expectations
How to handle rewards and recognition
Cultivate a willingness to learn and change
Establish the family and business leadership

2. Develop the Family Business Plan

Family business strategic planning process
How to conduct a family SWOT analysis
Create values for a family business
Define the mission of the family business
Define the vision of the family business
How to create family objectives


Next steps: From family business plan to company strategic plan

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