BUSINESS COACHING PROCESS

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FAMILY BUSINESS CONSULTING PROCESS

Business consulting in a family business is a highly customized process, designed keeping in mind the following primary factors:

  • Entrepreneur’s mindset
  • Shareholder’s risk-taking ability
  • Family Business Capability
  • Family Business vision and goals
  • Family Business succession

The above factors answer a lot of questions, which easily help to design the basic coaching process and help determine the direction we wish to set for the organization.

The 5-Step coaching process:

  • Assess the current situation – Gap Analysis – What needs to be addressed?
  • Set goal matrix – Where to reach? Define the final milestone – The Vision
  • Action Plan – How to reach? What sequential steps need to be taken? How to address the en-route challenges
  • Execution strategy - Who will do it, and by when? Team empowerment – Authority, Accountability, Responsibility
  • Goal Achievement – Where & When did you reach? Analyze performance

Set simple, achievable, and measurable goals. Move a step at a time. Progress continually.

The family business consultant virtually walks with the mentee, guiding them on the best possible outcomes, enhancing logical risk-taking, increasing progressive thinking, developing leadership skills, and ensuring a core team to support and fulfill the business vision.