Family business is the backbone of the Australian economy. But there is no doubt that family and business in the same space can sometimes be a challenge.
Such challenges can arise not only from the close dynamic of association and personality, but from a gap in skills or focus that has been observed when enthusiastic families spend a lot of time in the business rather than working on the business.
Multi-generational family business also tend to inherit legacy structures, process and assets which, while having worked well in the past, may not necessarily represent the most efficient platform for contemporary operations.
Unravelling the complexity and helping family business owners refocus on what is really important for their future prosperity is a Balanz speciality. We have helped numerous mature businesses to revitalise their outlook through consultation, mediation and recommendation of key specific, measurable, accountable, realistic and timely actions.
If you have a need to uncouple segments of your business, attend to functional restructures, refinance or recapitalise business units or enhance the efficiency of your dynamic family business, then we are ready to help. A conversation with one of our highly skilled team can be the first step to realising the untapped potential of your family business.