Family-owned businesses account for two-thirds of all businesses and are some of the most successful companies in the world, including Walmart and Berkshire Hathaway. But family-owned businesses face unique challenges. Here are seven resources to help.
[Read more: What to Know About Taxes When You’re Running a Family Business]
Family Business Alliance
The Family Business Alliance is a nonprofit organization that provides resources to family-owned businesses. When you join the organization, you’ll have access to and can learn from over 450 other family-owned businesses.
Depending on your membership level, you’ll have access to a peer group of like-minded business professionals — a great place to discuss challenges, learn leadership skills, and develop new business strategies.
The Family Business Alliance also hosts programs and events to help you learn more, including programs on succession planning and events scheduled throughout the year.
Family Enterprise Institute
The Family Firm Institute provides events, research, and resources for family-owned businesses. The organization hosts annual global conferences where you can meet other professionals, participate in breakout sessions, and learn from speakers.
Members have access to a searchable directory of other members and professional organizations, as well as access to the latest research on family businesses.
[Read more: The 3 Keys to Success (and Failure) in Family Businesses]
The Family Business Alliance is a nonprofit organization that provides resources to family-owned businesses. When you join the organization, you’ll have access to and can learn from over 450 other family-owned businesses.
Family Business Consulting Group
Family Business Consulting Group (FBCG) is a consulting firm specializing in serving family-owned businesses, with over 100 educational programs designed to address the complex issues facing family-owned businesses.
We also hold workshops on conflict resolution and improving communication in family-owned businesses. FBCG also assists with training on succession planning, changes in ownership and future owner responsibilities.
Learn how to create and implement policies that keep your family aligned and provide clear guidance when making important business decisions. You can also check out our many free resources, including webinars, books, podcasts, and videos.
Oracle
Oracle NetSuite provides business management software for family-owned businesses. Our integrated solution lets you manage your company’s finances, sales, customers, and supply chain in one place.
Access live dashboards and analytics so you always know what’s going on in your business. Oracle NetSuite is a scalable solution that can grow with your business.
Family Business Association
The Family Business Association is a nonprofit organization dedicated to supporting family-owned businesses in Maine. The organization provides outreach programs, networking opportunities, and resources to help businesses run more efficiently.
We offer over 50 programs to help you in all areas of business, including topics like intergenerational issues, leadership development and strategic planning, plus scheduled events available throughout the year.
Family Business Performance Center
Family Business Performance Centre is an online coaching business run by Pete Walsh, who worked in family businesses for 16 years, and gives clients access to online videos, written exercises and workshops.
There are also workshops to help families learn better communication skills and deal with issues as they arise. You can attend a live workshop in Phoenix, Arizona, or have Pete and his team come to your city and hold a workshop at your business. Once you attend the workshop, you will be invited to participate in individual or group coaching.
U.S. Small Business Administration
The U.S. Small Business Administration (SBA) offers many resources to help family-owned businesses, including free educational resources on conducting market research, writing a business plan, and choosing a business structure.
The SBA is also a great resource if you’re looking for funding opportunities, as they offer a variety of SBA loans with low interest rates and flexible repayment terms. You can also check out SBA partner resources, such as SCORE, Women’s Business Centers, and Small Business Development Centers.
[Read more: Small Business Development Centers: What They Are and How to Find One]
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