Family Business Center
Equipping, training, and connecting family-owned businesses in the Southern California region
In This Section
Our Proud Sponsors
Common Pain Points for Family-Owned Businesses
Family-owned businesses come with their own set of challenges including:
- Differing goals between family members
- Lack of succession planning
- Ineffective decision-making
- Absence of proper governance tools
- Need for outside advisors with a neutral perspective
- Interpersonal conflict among family members
- 90% of a family's wealth may be tied up in the business
Keanon encouraged us through self-assessments that were pivotal to getting the right leaders into the right seats. He counseled us through the perspective of all family members and gave us tools to put us on a path to continue success through generations.
How Membership Works
What we do to strengthen family businesses.
Held every other month, these practical breakfast sessions finish in time for a full and productive day of work.
Learn from experienced subject matter experts who work with family businesses.
Valuable experts are curated based on their family business expertise
Sponsors serve as expert resources for members of the Family Business Center. Sponsors have expertise in the following fields:
- Banking
- Commercial Real Estate
- Wealth Management
- Legal
- Insurance
- Tax/Estate Planning
- Accounting
- Valuation
Members enjoy ongoing educational resources and training in topics like:
- Succession identification
- Successor leadership development
- Managing and preventing conflict
- Optimizing communication
- Improving decision-making
- Leading with multiple stakeholders
- Creating a board of directors
- Professionalization of the business with family/business governance
- Constructing a family constitution
- What to do if the next generation is not interested
- Family dynamics
- Working with non-family members
- Avoiding conflicts of interest
Share best practices with other like-minded family business members and socialize at meetings.
Resources
Free content to help strengthen family businesses is available to all Family Business Center members.
Explore the Differences Between Family and Nonfamily Businesses
Read the first chapter of Understanding the Family Business.
Increasing Business Effectiveness and Professionalism
Read the first chapter of Family Business Governance.
Inland Empire Business Edge Article
Read Family Business Governance: The Key to Increasing Effectiveness.
Overcoming the Challenges of a Family Business
Interview with Jeff Holler's "Bigger Than Business" podcast of The Capital Chart Room.
Read a Column in Pacific Coast Business Times
"The Secrets to a Happy Family Business" by Keanon Alderson, May 20, 2023
Family Business Assessment
The purpose of this assessment is to quickly and efficiently obtain information regarding the business and the families involved. This assessment is designed to be completed by all family members owners and family member employees involved with the family business in order to identify key areas for improvement. After you finish the assessment, contact us and we will work out a time to discuss the results and next steps with you.
Let's Connect
Fill out the contact form to connect with us, particularly if you have at least two family members who work in the business and have annual sales of at least $5 million. We look forward to assisting you in making your family business the best.