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Should I Further Professionalize My Family Business?

greghromero

When running a small to mid-sized family company, knowing how or when to further professionalize your business operations can be challenging.  Especially when day-to-day activities consume most of your time, you might find it out of reach to create a more sustainable, scalable, and transferable organization.   

 

But what does it mean to professionalize my family business further? That's a good question. At RSG, we define professionalism as “an approach to managing your operating rhythms that is clear, organized, and repeatable as a means to execute upon your company’s big picture objectives effectively.”  

 

Looking at a few tangible issues, maybe your business relies on inefficient or manual processes, dated technologies, or loosely defined roles and responsibilities. Or maybe you have unclear objectives, inadequate financial management, ineffective team communication, or limited team accountability. Or maybe governance issues and family-in-business dynamics create inevitable friction. The list goes on and on.  

 

Through a broader lens, think about professionalism in relation to achieving your business goals or objectives. Maybe you want to:

  • Increase business value and sustainability

  • Improve operational efficiency and profitability

  • Attract and retain top talent

  • Prime the business for growth & scalability

  • Create a more adaptable & nimble organization

  • Develop a healthier culture

 

When considering your unique goals, opportunities and issues for the business, how might you further professionalize it? Food for thought.


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Thank you for joining us as we chronicle our journey.


Sincerely,


Greg Romero

Founder & Principal

Romero Solutions Group




Owner-operator of a family business considering the right roles and responsibilities to lead their company.



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