Family Enterprise Advisor Styles
January 05, 2022
Natalie McVeigh, a managing director in the Center for Individual & Organizational Performance, helps us understand what family business advising means, including the six disciplines of the field, and how to identify the right expertise for your enterprise.
And each consultant has a different style. So we like to talk about six styles that help with family businesses over the years, family enterprises, or family office. Really, there's the counseling therapy. That's really about the past, how you can overcome some challenges you might have faced to really understand where you are today. There's also mediation, that's to really get through conflict that's been challenging you. We talk about these two styles as the reconciliation side of family business advising.
And then you have either direct or indirect work with families. That's facilitation, where someone's helping you organize meetings, making sure you're leveling the playing field or consulting, where someone comes in as the subject matter expert. "These are some best practices. These are ways we've seen it done. This is what the research says." Further past that, you get to mentoring, to really help raise the next generation's capacity. Through my own experience as a mentor, I can tell you lots of things about what I've done like you. And then you have coaching, which is the capacity building, where a coach helps you really understand what's in you, your true wisdom, to build skills that go throughout the future.
All six of these styles we have in our Center for Family Business Excellence. What you want to know is your advisor's background, their ability to skate between these different styles, their licenses, and their qualifications, and how they keep working on themselves to make sure they're the advisor that can work with your unique family enterprise system.
Transcribed by Rev.com