Family Business Transition

In the intricate tapestry of family businesses, foster growth and create a successful legacy by empowering families to navigate the complexities of family values, intergenerational communication, conflict resolution with strategic guidance and tailored approach.

Home

Purpose

Family Governance is a culmination of the Heart, the Head and the Hand. These work in tandem and their alignment defines Family Business sustainability and scalability.

Well established Family Governance provides a strong foundation for current and future generations to flourish, leave a legacy and scale into the future. The four broad segments must work in cohesion for sucesss.

CoSculpt Solutions

The Family System

The start point of Family Governance is for families to identify and define their value system. Who is within the family system? What is the Family philosophy? Are there entwined threads? Are there any outliers? What do the values mean to Generation 1 and what do they mean to Next Gen members? How do the Family values tie in to the Family Business? Then there are times of change and evolution. Do you find the Family branches spreading out? 2nd / 3rd generations speaking about a sprinkle of different values filtering into the Family System? Has the Family Business entered a different realm of growth & expansion that calls for a review of what values hold good and what values have seeped into it organically? These are difficult conversations. Reach out to CoSculpt for a structured approach to enable these conversations and align the Family system to evolve a legacy that stands the test of times.

Next Generation

Emerging leaders play a vital role within a family in sustaining and evolving its legacy. Through tailored programmes, mentorship initiatives, and educational resources, we strive to equip the next generation with the skills, knowledge, and values necessary to navigate the unique challenges and responsibilities associated with family wealth. Next Generation development & preparation needs to be engrained as a way of life, starting as early as schooling years and beginning to be sensitive to one’s skills and abilities, identifying one’s interests and aspirations and acquiring the knowledge, honing the talent that one wants to evolve into. CoSculpt supports this through the 5 Phase Journey, where each phase is a pause, review, move forward cycle.

Next Generation Development & Integration CoSculpt Support - 5 Phase Journey

Approach to Next Gen Transition

Developing & integrating Next Gen members into the Family Business needs the balance of strong structured Governance and emotional Family support. Lean into the CoSculpt FAMILY structure & approach to support your journey.

Familiarize

The rush of life often takes over and what was once familiar is no longer so. How do generations keep in touch with each other, stay familiar, accept if not agree with the ever changing, ever evolving individuality across generations? Our experienced Family Advisors enable these difficult conversations, create consciousness and help families traverse the circles of familiarity, unfamiliarity and familiarity again.

Assess

We help assess where is the Next Gen through KASA – Knowledge, Ability, Skills and most importantly, Aspiration. Assess & translate Gen 1 vision and perspective, acting as the bridge in cross-generational conversations.

Measure

An assessment is incomplete if it cannot measure the success ground. Through our systemic approach we help families define the path they wish to take, the results they wish to achieve and the measures that will guide the on-going development of inter-generational work

Integrate

The CoSculpt structured approach allows for an integration of the hard and soft elements of generational work. Beyond the approach is the integration of thoughts and ideas; perspectives and changes; new age thinking and preserving legacy. We walk the journey of integration at multiple levels with our clients.

Legacy

Legacies are built through time & generations; the legacy today is the hard work of generations afore gone; the legacy of tomorrow is the hard work that the generations today will put in. What is the legacy you would like to create, leave, cascade?

Say Yes!

We are passionate about our clients and walk the journey with them from intent to legacy creation. We gently nudge them to say Yes! Say Yes to the need to know and grow the Next Gen; to stay familiar and relevant to them. Say Yes to be vulnerable to assess self and family of where you are and where you want to be. Say Yes to difficult conversations, measures and hard data. Say Yes to letting go and to integration. Say Yes to a future legacy that builds on the current.