Here are a few details about some of the tools and options available to business families when working with Paul Milne.
This is an off-site retreat, facilitated by Paul. Through the work at the retreat, the family decides on what values are important to them and how they define those values. Once defined and agreed to by the family, these values become the basis for their future decision making.
The family business history is a rich source of information that can lead to extraordinary insights and business solutions.
- It should be written to reveal to today’s generation the values of earlier generations, to inspire, to inform, as a source of pride for the family and employees, and most importantly as a diagnostic tool.
- Paul can help you determine who should write the family history story. It could be the owner or a member of the business family. Failing that, Paul can help source a local librarian, historian or professional writer who specializes in family business histories.
Read more about family business histories in The Family Business History: A Catalyst to a Successful Succession Plan: by Paul Milne and Phyllis M. Cowan.
This is an off-site retreat, usually held outside the local community. The location is often in another city with a similar family business operation. The retreat often includes guest speakers, family meals and these three components:
- Family fun
- Philanthropy – and what it means to your family and community
- Learning and education
This is a practical and useful framework for understanding family patterns – a common language for tracking family history and relationships.
Transition plan development incorporates all legal, financial, product, human resources, governance and strategic direction information, along with a transition options and recommendations.
Some component parts of a detailed transition plan include:
- Legal incorporation information
- Business history
- Business profile, including product descriptions, physical resources, key employees, family members active in business and consultants
- Financial resources
- Ownership structure
- Future business direction
- Ownership succession alternatives
- Planning issues
- Establishment of a transition plan
- Transition planning support
Paul Milne BA, MBA, LLB
Active in the community
Paul believes in giving back to his community. He has a strong long-standing commitment to the Hamilton-Burlington area, where he has served on a significant number of legal, health and family business organizations’ boards and committees over the years.