BizMove General Management

Family Business Assessment (Checklist)

Free Small Business Templates and Tools
Here's a collection of business tools featuring dozens of templates, books, worksheets, tools, software, checklists, videos, manuals, spreadsheets, and much more. All free to download, no strings attached.
► Free Small Business Templates, Books, Tools, Worksheets and More

Family run Business Assessment

Business issues

Yes/No

1. Have goals for sales and profits been set?

2. Do we have a business plan?

3. Do we have a strategic plan?

4. Is the business in good financial standing?

5. Do we have a compensation system?

6. Do we have a performance appraisal system?

7. Do we have a board of directors?

8. Can we attract and retain non family managers?

9. Is the business in a highly competitive industry?

10. Are we experiencing an increase in sales?

Family business issues

1. Do family members know they are welcome to join the firm?

2. Do we have policies for entry into and exit from the firm?

3. Is a system in place to train and develop the successor?

4. Do we have a succession plan?

5. Can family members in the firm effectively communicate?

6. Do we have a system to resolve conflict among family members?

7. Are women welcomed in the business?

8. Is there a minimum amount of sibling rivalry in the firm?

9. Is there a system in place for choosing a successor?

10. Does the family agree on goals for the business?

If you answered no to any item action should be outlined and implemented to address and set policies for that item.

Section II

The following items need to be discussed in the family business:

Leadership succession.
Ownership transfer.
Communication policies.
Compensation policies.
Rights and responsibilities of non-family employees.
Rights and responsibilities of in-laws.
Creating change.
Development of a management team.
Long-term planning for the business.
Obtaining financing.
Financial equity among children.
Resolving conflict.
Hiring and firing practices.
Sibling rivalry.
Organizational relationships.
Working with advisers.

This list should be distributed to every family member. Responses should be compared and issues of concern to family members identified. Unresolved issues should be discussed and polices established to resolve them.

Other Topics in the 'Miscellaneous Topics' Sections

Sidebar: you are invited to visit our car insurance information section featuring a list of articles that may save you hundreds of dollars on your motor vehicles quotes. In full coverage auto insurance you'll discover helpful tips to getting cheap quotes. For information on how to get cheaper quotes on shorter terms see one month car insurance and also short term car insurance. For first time drivers information see cheap car insurance for new drivers. How about obtaining cheaper premium rates for mature women? no problem, look here, best insurance for new drivers over 25 year olds.

If you are interested in a half year duration see 6 month car insurance for helpful tips on the topic. How about getting more favorable premiums costs for younger drivers? see car insurance for 17 year olds and motor car insurance for under 21 and vehicle insurance for male and female under 25 years old. Here is another list of drivers insurance useful articles, As for helpful tips regarding no deposit premium payments see car insurance with no deposit and for a list of low cost brokers, agents and companies see car insurance with no deposit companies. Read the following informative article if you are looking for better rates for the young drivers in your family, cheaper vehicle insurance for young drivers. Now, for discovering new ways to get lower quotes go to general car insurance Read this article if your after high risk car insurance information.

How about getting a better deal on first time driver? just click the link. It may come a time that you'll be interested in canceling your policy, use this article for the instruction of how to do it. Our drivers insurance hub page features a list of guides that can surely help you get dirt cheap car insurance for teens drivers rates. For those of you who seek cheap quotes for a shorter term policy, read this article. and here are tips and advice for special interest groups such as young drivers and temporary insurance.

If you have first drivers in your family look here for useful advice regarding cheap drivers first car insurance on getting very very cheap car insurance quotes, other types of policies can include the following: no deposit car insurance, pay monthly, insuring classic cars for young drivers, getting better deal on cheap liability car insurance cost, locating good rates for new drivers. how about if you are interested in pay as you go auto insurance? yep there is a guide for you. And here is a list of car insurance companies cheapest. And the list concludes with a way to calculate car insurance estimate without personal information.

Disclaimer: While every effort is made to ensure that the content of this website is accurate, the website is provided “as is” and Bizmove.com makes no representations or warranties in relation to the accuracy or completeness of the information found on it. While the content of this site is provided in good faith, we do not warrant that the information will be kept up to date, be true and not misleading, or that this site will always (or ever) be available for use. Nothing on this website should be taken to constitute professional advice or a formal recommendation and we exclude all representations and warranties relating to the content and use of this site.