Solutions

for Closely Held & Family Businesses

Ensure a successful legacy, with Michael Wilkes & Co. We offer assistance to closely held and family-owned businesses, helping them overcome challenging periods of change and development due to growth or the transition of leadership.

Build the Foundation for Further Growth

By focusing on our four foundational pillars of organization development, our specialized consulting & coaching services help with: 

  • Navigating the challenges of your current development stage
  • Defining leadership roles and organizational structure
  • Executing strategic improvement plans
  • Coaching the leadership team
  • Planning for succession and other transitions

How It Works

We understand the challenges of closely held and family businesses and are equipped to assist you by applying our four pillars of development to create a customized approach to address your unique needs.

1

Defining Leadership’s Evolving Responsibilities

Similar to humans, organizations evolve through stages of development. It is important for leaders to understand the current stage of their organization’s lifecycle because their responsibilities change as the organization grows and evolves. You need to distinguish between normal growing pains and chronic problems that may lead to premature decline, while transitioning to work “on” the business, rather than just “in” it.

2

Developing a More Efficient Structure

As the organization grows, more people are involved, roles become more specialized, and more attention must be given to systems, processes, and structures for the business to continue growing. With family-owned businesses, additional unique family dynamics must also be navigated. We help you establish a formal structure to clearly distinguish between the roles of Ownership, Management, and the Family.

3

Identifying Effective Practices for your Leadership Team

The very skills and mindset required in earlier stages can severely hinder future development. Leadership teams should seek to leverage individual member’s strengths and maintain a foundation of trust. Leaders must “Face the FACTS©” to ensure they maintain a productive, healthy team.

Focus: Needs to be unified and unwavering on the mission, values, and vision of the organization.

Abilities: Should continually improve around leadership, teamwork, communication and planning.  

Commit: To making it happen. Accountability for action is what moves the team and organization forward.

Teach: Others and lead by example. What your leadership team values and prioritizes will drive the organization’s culture.

Serve: The organization and your team above yourself to build trust and work together toward your shared vision.

4

Establishing the Process and Discipline for Executing Plans

A plan is simply ideas and words on paper. Execution is about DOING something. Our ultimate goal is to help you get “from A to B.” We will help your team clearly articulate where you want to Be, then honestly analyze where you Are today. We’ll help you “Close the GAP from A to B©” with our “Goal Achievement Process (GAP)” that defines the action plans and accountability necessary to get you there.