At PKF Australia, we understand that family businesses have a range of unique challenges and strengths. Successful family businesses have a good combination of professional and personal interests in the business with a focus on a healthy family dynamic.
PKF works with family businesses to help them create the balance between family and business needs, planning for succession, implementing governance frameworks and policies and procedures to ensure the success of your business.
One of the main issues faced by family businesses is lack of independence. PKF can provide this independence and advise on and chair planning sessions, systematically work through issues, then write and review the outcomes into your family business plan. This can help you gain a greater understanding of what changes should be implemented and what should be preserved.
Together we will work through questions involving family and non-family employees; plans for survival, success and succession; protections from family disputes, divorce or death; ways to create and maintain family objectives; and mentoring and training systems.
We know that your company is not 'just a business'. Our experts in family business will get to know your family business's culture before recommending strategies for growth.