Business owners from Russia have not yet faced this question, but the time is approaching, and the owner lacks experience in addressing such issues.
BUT SOON THIS WILL BECOME RELEVANT ... AND THEN ...?
Imagine that for decades you have been building various businesses, negotiating with partners, and battling competitors, in courts and with government agencies, sacrificing time with your family... for what? So that your grateful children could take over your ventures and develop them, adding value to your years of hard work in business.
And instead, what happens?
You keep postponing the transfer because your children are not grown up yet...
The hired staff is already underperforming because they are pursuing their own goals, and you are ready to overlook their antics because you just don’t have the energy to deal with everything...
Children? Family? Well, they will understand that you wanted the best for them...
And in the end:
A newspaper headline reads that the owner's health has failed and he is ill or deceased, the companies have collapsed, assets have been taken by the staff, and the family is left without means and resentful towards the "founding father."
This is clearly not how you envisioned your "retirement."
It is necessary to understand and align the interests of people with whom relationships are...
so complicated!
- Multiple businesses that may not be interconnected, existing only in the owner's mind.
- Secrecy processes and "know-how" tied to the owner that generate profit.
- Confidentiality regarding certain directions and assets from partners or third parties.
- Unstable relationships with a spouse in case they seek to claim a share.
- Open and often hidden grievances and issues with children, including their lack of experience or differing values.
- Psychological unpreparedness to take responsibility for the transferred business;
- Obvious or hidden grievances towards the Owners (father or mother, present in 100% of children), desire for revenge;
- Submission or, conversely, total resistance to the Owner's will as a result of confusion in roles;
- Insufficient experience or a desire to pursue a different professional activity;
- Values and experiences of new realities that require a reassessment of the fundamentals of business operations and the business itself.
- Fear of losing a spouse, means of livelihood, and the usual way of life;
- Loss of common goals in shared life;
- Accumulated grievances over many years of living together;
- Dispute over the assessment of the spouse's involvement in the development of the businesses;
- Different visions of the future and each person's roles in it;
- Fear of changing perceptions from the surrounding environment;
- Conflict of interest between the interests of the Owner and the Employee (in 100% of cases);
- Fear of losing a job due to the arrival of a new Beneficiary;
- Activities aimed at creating one's own indispensability instead of benefiting the business;
- Focus on obtaining additional income beyond what is agreed upon with the Owner;
- Outdated management methods and the presence of personal preferences that are significant for the business.
But it is ESSENTIAL to accomplish this task, as all the previous activities in the family and business, all the sacrifices and conflicts, were precisely for this moment...
Such work can be done
in time or too late only... and never too early!
THIS IS A COMPLEX MULTIFACETED JOB AND WE ARE THE BEST!
For over 25 years, we have been supporting the interests of Owners, their family members, and Beneficiaries. We have built and maintained dozens of groups of companies and businesses worldwide, with a wealth of positive experience and over 10,000+ contacts with lawyers, law firms, notaries, auditors, tax specialists, immigration service employees, banks, investment funds, management organizations, real estate agents, personal managers, and many other specialists in Russia and abroad. We address a wide range of issues for Owners and their families.
HOW CAN WE BE OF YOUR SERVICE?
- Conducting audits of the Owner's companies, consolidating, systematizing, and optimizing family businesses from the perspectives of taxation, operations, risk management, product development, and other areas.
- Analyzing business, product, and operational models, and restructuring business processes.
- Assessing company management for potential conflicts of interest with the Owner's interests.
- Providing recommendations on key sensitive family relationship issues that require resolution, as well as guidance on successors and their roles in the business.
- Building businesses, groups of companies, and personal jurisdictions in line with the family's interests.
- Establishing performance metrics and control systems focused on what is important to the Owner, Beneficiary, and businesses.
- Ongoing support for businesses at the consulting level (with a comprehensive understanding of the strategic path of the client: Owner, Beneficiary, and family members), including serving as independent members of the Board of Directors.
Crucially, Dynasty Boutique IBMK will provide support in educating, training and prepare your successors for their transition into ownershipand and management of your business, aligned with the collective family goals and the best practices.
s@kamrch.com
Bersenevskaya emb. 6b2, Moscow, Russia
Business hours 24/7 (emergency cases)
