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and Laura Morton

when disagreement occurs in the family business, and can be attributed to a difference in the goals of individuals, families or businesses. Perhaps a family member working in the business of economic necessity, not because he wants to. Or so it is likely that replacement has plans to work which is different from current management plans of different generations and usually have different purposes. Whatever the reason, it is necessary to address conflict prevention and resolution and to avoid more serious problems later.

A method to identify and unify the goals families and businesses through business and family planning strategy. In these plans, you will create a mission statement for the business and the family that allows each component to complement the other. Once you’ve completed this task, and goal setting for the family business that provides for family and work to achieve prosperity. Next, develop a strategy to achieve these goals, and finally, the formulation of policies and procedures governing the participation of families in this area.

strategic business planning

Strategic planning for family businesses need to include family issues, such as:

? What is the purpose of long-term personal and professional family members?

? What is the mission of the family? Why are you committed to the establishment and operation of the project?

? How do I think the company’s future?

? Family members will be active in management, the members are passive?

? How do you deal with issues such as benefits, compensation, performance evaluation?

The answers to these questions affect the business strategy, and should be resolved before the start of strategic planning.

strategic planning and involved the assessment of business environment and a process to guide the development and future success. This process involves the review of internal processes and the current external environment (ie, technological, economic, social and political forces) that affect the business. To start this process, and identify the strengths and weaknesses of the Interior that can hinder or support the strategy. Portions of this review include: (1) organizational structure, (2) culture and (3) resource.

Make a list of opportunities available (growth, new markets, and changes in regulations) and threats (increased competition, lack of raw materials and spare price) for your business. This should give you an idea of ​​the current situation and provide strategic guidance.

Next, a list of goals for you and your family, identifying personal needs and direction of risk. And address most of the goals and objectives in strategic plans of your family. Also, you will find that your personal goals and affect the strategy you choose. For example, if there is a great opportunity for growth in your market but you have to go low risk and the need for personal security is high, then you probably should not continue high growth. Would be dangerous not only but also expensive. Growth consumes cash, must be funded by cash generated internally or externally. Your personal goals should be in tune with your strategy.

Once you identify opportunities in the industry, and assessed the strengths and weaknesses of the above company and your personal goals, you can move forward with strategic plan. These include:

1. A mission statement

2. Goal Setting

3. Develop strategies to achieve the Millennium

4. Develop practical measures to implement the strategy.

We looked at each of the four elements in more detail:

1. Mission Statement: Mission statement answers the question “What is it you work?” They know the customers, and explains why you do business. Mission statement embodies the heart of business and gives direction to every aspect of business. To be effective, you must:

? Include specifications that allow the measurement of

? The establishment of individual companies

? Definition of business of the company you want to share

? Involving all

and share in the company

? Be exciting and inspiring.

2. Purpose: You should specify the goals are reasonable for the company, according to the mission statement, to ensure that the work done in the company. This must be clearly stated goals and measurable and realistic, specific time and challenge. You can create goals:

? Revenue Growth

? Earnings Growth

? Sales growth and market share

? New factory or store

? Product / service quality or image of the company.

3. Strategy: This strategy is determined by your answer to previous question: “? What would be such a company in the future” Options include the following strategy:

? Derived from the stability and success of small changes (rare).

? Profit growth in the future strategy of sacrificing profits for the day.

? This can be achieved growth strategy of growth through vertical integration (expansion from within), and vertical integration (buying a competitor), diversification, merger or reduce costs (transformation or disinvestment).

4. Action Step: Once the strategy is determined, you can determine the action steps that guide the daily activities of the company. Examples of job step is to create a draft budget for the cost approach. This process is also known as tactical planning. Should the tactical steps in the process of planning and easy to implement and account; goal is to convert the goals realistic steps are reasonable and that can be implemented individually

family planning strategic

to all the members of the family situation mission statement or creed that defines why is geared for businesses. By sharing priorities and the strengths and weaknesses, and the contribution of each member can be provided for business, and the family will begin to create a unified vision for the company. These include the vision of personal goals and career goals.

There is an important issue to consider how to determine priorities for the family business, that is, to decide which comes first, family or business. How do you answer this question, the impact of your planning. Choose some members of the family to think about business first, unemployed, have no financial security for the family. And others opt for the family first, no business logic is worth the loss of family harmony. A third alternative is to serve both family and work can not be equal, but possibly to a large extent. Under this alternative, all decisions to meet both family and business goals. For example, a family can have a policy that any family member can join the business, but he must meet the job requirements. You may find this is the best alternative because it requires the commitment of both family and business.

about Alkatblora

is president and owner of 10 key solution: tax and accounting services. Has worked in both public and private sector accounting for over 25 years. Laura is an accountant with experience, dedication and support of the taxes, with attention to detail. Visit his blog for tips on taxes: http://www.10keysolutions.com/wordpress/

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