Family enterprise

Family owned businesses tend to be driven by the qualities, ambitions and skills of their principals – that is their great strength. But they can also create challenging problems, as the aspirations of the owners may not always be in harmony with the needs of the business.

Family membership implies unconditional acceptance of the individual while in a business, acceptance depends on performance. In businesses where there is close family involvement, or where ownership and management is concentrated among a small group of people, difficulties arise usually because personal and commercial objectives come into conflict.

At Grant Thornton, we take a unique approach to addressing the challenges of family business management by identifying the overlaps and potential for conflict between family, ownership and management goals. We help to find solutions which are tailored to the owner’s overall needs and circumstances.