Managing a family business is intricate, particularly when personal ties overlap with professional duties. Though we may feel we can manage everything on our own, the mix of family dynamics and business hurdles can lead us into unfamiliar situations. Review these 10 indicators to see if you benefit from the expertise of a family business consultant.
Sometimes it is difficult to know when outside help is required. We like to think we can manage our business on our own. However, the intersection of business and family relationships can create unique and challenging circumstances that can leave even the best and brightest unsure of what to do next.
Managing Partner at REGENERATION
Family business is our passion. With REGNERATION we help you address issues that are critical to generational continuity and success. Unlike traditional business consultants each member of the REGNERATION team has extensive hands-on experience managing a family business. Additionally, we have worked with over 250 client families. We understand the complexities that come with the intersection of personal and professional relationships, and the unique solutions that need to match the individual qualities of every family business.
Family business is our passion. With REGENERATION we help you address issues that are critical to generational continuity and success. Unlike traditional business consultants each member of the REGENERATION team has extensive hands-on experience managing a family business. Additionally, we have worked with over 250 client families. We understand the complexities that come with the intersection of personal and professional relationships, and the unique solutions that need to match the individual qualities of every family business.
Managing Partner at REGENERATION
REGENERATION has focused on supporting families and their business for over 25 years. We help our clients to increase business and wealth while making their families stronger. While each engagement is unique, our areas of specialty include:
Conflict is normal in a family business. Successful family businesses do not avoid conflict but use conflict as an opportunity to address important issues in professional, respectful, and productive ways. Conflict left unaddressed ruminates and grows, destroying the harmony that binds families and defeats the purpose of working together. At REGENERATION we teach you the skills and tools to improve communication and effectively manage conflict.
Passing a family business to the next generation is a process fraught with challenges and is not something that happens naturally or without planning. REGENERATION specializes in guiding family businesses through the transfer of ownership, leadership, and management. Together, with purposeful planning and a collaborative approach, the succession process is less stressful, more manageable, and sustainable. We take the time to ask the hard questions about who is the best suited to lead, how will the transition occur, and to manage the intricacies between plan and implementation.
Effective communication can build unity, teamwork, and cohesion. Breakdowns in communication often amplify conflict, misunderstanding, and division. By enhancing communication skills families make better decisions, build stronger relationships, and cultivate a positive company culture. REGENERATION helps establish clear lines of communication and accountability within the business, as well as between family members so when challenges inevitably arise you will be equipped to resolve them quickly and respectfully.
Establishing governance often makes family members nervous. Concerns arise about the distribution of power and authority, the over-complication of decision-making, and respecting all stakeholders. Scaling governance structures appropriately and professionalizing decision-making is beneficial to every family business. At REGENERATION, we guide you through the process of installing governance structures that support succession planning, increase business performance, and enhance professional communication among family members.
Family businesses are often established on the “know-how” of the entrepreneurial founder. The financial acumen propelling the business is acquired over years of eating, sleeping, and breathing the business. The methods of developing financial acumen in successive generations are not the same. Leaders in successive generations must learn to make data-driven decisions. REGENERATION works with family members to increase financial understanding and develop responsible stewards of the family enterprise. Using the financials as a catalyst for dialogue, we create opportunity for owners to simultaneously share their institutional knowledge and collaborate with the next generation.
Seasoned leaders know that clients always demand more, competitors exploit weaknesses, internal capabilities ebb and flow, and the economy causes changes beyond your control. At REGENERATION we treat family firms as a highly complex system. This means that we investigate and manage the three potentially competing components in a family firm: the family, the business, and the ownership. We focus on creating “sticky” solutions and strategies that increase shareholder wealth and ensure all three systems work toward a shared vision.
Addiction is one of the more sensitive matters that impacts family enterprise. Left unaddressed, problems fester as they deteriorate family relationships and disrupt business performance. When addiction is present outside experts can assist with perspective, tools, and tested solutions to support the entire family system. At REGENERATION we take these problems seriously and feel passionate about healing the damage done to the business and repairing the broken lines of trust and communication within the family. Help is available.
REGENERATION has focused on supporting families and their business for over 25 years. We help our clients to increase business and wealth while making their families stronger. While each engagement is unique, our areas of specialty include:
Conflict is normal in a family business. Successful family businesses do not avoid conflict but use conflict as an opportunity to address important issues in professional, respectful, and productive ways. Conflict left unaddressed ruminates and grows, destroying the harmony that binds families and defeats the purpose of working together. At REGENERATION we teach you the skills and tools to improve communication and effectively manage conflict.
Passing a family business to the next generation is a process fraught with challenges and is not something that happens naturally or without planning. REGENERATION specializes in guiding family businesses through the transfer of ownership, leadership, and management. Together, with purposeful planning and a collaborative approach, the succession process is less stressful, more manageable, and sustainable. We take the time to ask the hard questions about who is the best suited to lead, how will the transition occur, and to manage the intricacies between plan and implementation.
Effective communication can build unity, teamwork, and cohesion. Breakdowns in communication often amplify conflict, misunderstanding, and division. By enhancing communication skills families make better decisions, build stronger relationships, and cultivate a positive company culture. REGENERATION helps establish clear lines of communication and accountability within the business, as well as between family members so when challenges inevitably arise you will be equipped to resolve them quickly and respectfully.
Establishing governance often makes family members nervous. Concerns arise about the distribution of power and authority, the over-complication of decision-making, and respecting all stakeholders. Scaling governance structures appropriately and professionalizing decision-making is beneficial to every family business. At REGENERATION, we guide you through the process of installing governance structures that support succession planning, increase business performance, and enhance professional communication among family members.
Family businesses are often established on the “know-how” of the entrepreneurial founder. The financial acumen propelling the business is acquired over years of eating, sleeping, and breathing the business. The methods of developing financial acumen in successive generations are not the same. Leaders in successive generations must learn to make data-driven decisions. REGENERATION works with family members to increase financial understanding and develop responsible stewards of the family enterprise. Using the financials as a catalyst for dialogue, we create opportunity for owners to simultaneously share their institutional knowledge and collaborate with the next generation.
Seasoned leaders know that clients always demand more, competitors exploit weaknesses, internal capabilities ebb and flow, and the economy causes changes beyond your control. At REGENERATION we treat family firms as a highly complex system. This means that we investigate and manage the three potentially competing components in a family firm: the family, the business, and the ownership. We focus on creating “sticky” solutions and strategies that increase shareholder wealth and ensure all three systems work toward a shared vision.
Addiction is one of the more sensitive matters that impacts family enterprise. Left unaddressed, problems fester as they deteriorate family relationships and disrupt business performance. When addiction is present outside experts can assist with perspective, tools, and tested solutions to support the entire family system. At REGENERATION we take these problems seriously and feel passionate about healing the damage done to the business and repairing the broken lines of trust and communication within the family. Help is available.
Founding partner James Olan Hutcheson, began his professional career working within his own family’s business, Olan Mills, Inc. He began in 1976 as a part-time telemarketer and resigned his position as President of Olan Mills Studios in 1995 to establish REGENERATION. Jim understood the sometimes-conflicting demands of family and business and believed that a new kind of consultancy needed to exist to address these unique challenges.
Jim has devoted his professional life to helping over 250 families improve their business and strengthen family bonds. REGENERATION specializes in addressing the issues and challenges found inside the complex dynamics of family business. While all businesses must perform, family businesses are driven by the families inside them. The values, trust levels, communication patterns, and interconnected lives of family members, raises the stakes of success in a family business.
REGENERATION knows that helping family businesses means honoring the past, preparing for the future, and protecting the family relationships while securing the family assets.
Founder of REGENERATION
Founding partner James Olan Hutcheson, began his professional career working within his own family’s business, Olan Mills, Inc. He began in 1976 as a part-time telemarketer and resigned his position as President of Olan Mills Studios in 1995 to establish REGENERATION. Jim understood the sometimes-conflicting demands of family and business and believed that a new kind of consultancy needed to exist to address these unique challenges.
Jim has devoted his professional life to helping over 250 families improve their business and strengthen family bonds. REGENERATION specializes in addressing the issues and challenges found inside the complex dynamics of family business. While all businesses must perform, family businesses are driven by the families inside them. The values, trust levels, communication patterns, and interconnected lives of family members, raises the stakes of success in a family business.
REGENERATION knows that helping family businesses means honoring the past, preparing for the future, and protecting the family relationships while securing the family assets.
THE REGENERATION PHILOSOPHY
Family-owned businesses are a place where family relationships intersect with the demands of business. These forces create unique issues that are different from those experienced in non-family-owned companies. REGENERATION focuses on three key ideas for helping family businesses not just survive but thrive beyond the founding generation: preservation, cultivation, and harmonization.
THE REGENERATION PHILOSOPHY
Family-owned businesses are a place where family relationships intersect with the demands of business. These forces create unique issues that are different from those experienced in non-family-owned companies. REGENERATION focuses on three key ideas for helping family businesses not just survive but thrive beyond the founding generation: preservation, cultivation, and harmonization.
4447 N Central Expy, 110-317
Dallas, TX 75205
Telluride
127 Double Eagle Drive
Telluride, CO 81435
San Diego
6119 La Granada, Suite C
Rancho Santa Fe, CA 92067
Scottsdale
34522 N Scottsdale Rd.
Scottsdale, AZ 85266
San Antonio
11823 Mill Rock Road
San Antonio, TX 78230
4447 N Central Expy, 110-317
Dallas, TX 75205
3811 Turtle Creek Blvd, #1830
Dallas, TX 75219
(214) 559-3999
Telluride
127 Double Eagle Drive
Telluride, CO 81435
San Diego
6119 La Granada, Suite C
Rancho Santa Fe, CA 92067
Scottsdale
34522 N Scottsdale Rd.
Scottsdale, AZ 85266
San Antonio
11823 Mill Rock Road
San Antonio, TX 78230
