Family-owned / closely-held businesses are the backbone of our nation's economy. Business owners are often required to wear many different hats. You must be an expert in sales and marketing; customer management; product or solution development; and delivering the product or service to your customer. In many instances, an in-house accounting and tax department may be too costly and managing cash flow, budgeting, taxes, access to resources, growth and expansion can distract you from running your business.
Several of the founders of RBM grew-up in family-owned businesses and understand that the challenges faced by the family-managed business are much different from those of most other companies. Decision-making becomes even more complex when, in addition to business issues, emotional issues must be addressed and managed. These issues typically include succession and estate planning, situations where family members offer differing levels of value to the business, reward and motivation, transition planning and the impact of business decisions on the overall family environment. These important issues must be addressed with the greatest of sensitivity. No matter where you are in the Business Life Cycle, you can profit from our experience dealing with these issues, both personally with our own family-owned businesses and also those of our clients.
For more information about our Family-owned and Closely-held Business services, contact Scotty Amos at (318) 221-3615.