Supporting families develop formal succession plans, governance and decision-making frameworks is one of our core advisory services at Sanctuary.
Unlike running a non-family business, a family-owned business can be far more challenging during set-up, as it must also deal with family issues and dynamics. Family dynamics and non-business considerations are commonly known to derail even the most profitable enterprise, particularly when caused by events such as a generational transition, or an external economic crisis.
The difference
Where a non-family business might measure success in quarters, family-owned businesses measure them in generations. They will also focus on preserving the company for generations to come.
At Sanctuary, we understand the importance of planning a clear strategy. Our advisory team has experience working with families both small and large, assisting them in creating family governance structures that achieve sustainable, long-term success.
