Family Business Consulting

A family business is a unique form of business. The people who make it up are basically connected by strong emotional ties and develop a level of trust and mutual understanding.

Family businesses play a leading role in the economy of our country. According to studies, over 80% of businesses in Cyprus are family-owned.

There is no official definition of what a family business is, but we could say that a family business is one that is owned, managed and directed by a family.

Taking into account the fact that the majority of Cypriot businesses are family-owned, ecan consultants created the family business consulting service that is adapted according to the needs of each family business.

This service deals with the business, its functions as well as the family members.

It is very important that there is harmony in the duties that each family member has inside and outside the business. We discover the abilities of each member and strengthen the positive characteristics of each one, taking into account their specificities.

We provide advisory guidance so that balance is maintained within the business and that family relationships are not involved in its daily operation. We use a specific evaluation system for the performance of each member.

In meetings with the family business coach, we seek to involve all members of the family business in order not only to learn about what needs to be done but also to assign each one their share of responsibility so that they can participate in achieving the goals of the business.

We create together with the entrepreneur the strategic plan that will allow him to achieve his goals. Good communication and avoiding the resolution of personal issues within the company are also important factors for success. We recommend establishing clear policies and procedures to clearly define the roles and duties of each person.

With this service, we provide guidance to the entrepreneur that will allow him to avoid possible failures in planning but also failures to recognize the efforts and services offered by family members and other staff.

Family businesses have a key advantage, which is the creation of interpersonal relationships with the client, something that is much more difficult in non-family businesses.

With family business consulting, the goals of the family are aligned with the goals of the business, strengthening each other.

Our primary goal is the well-being of the business.

We are not family consultants, however, we effectively deal with emotional situations that may hinder the functional development of the business.

Our goal is for the family and the business to go hand in hand, setting long-term business goals.