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Legasus Group assists business leaders and managers in envisioning the future, setting priorities, improving profits, growing revenues, and putting in place financial and operational programs like:
Strategic Thinking and Planning
We know it is critical for a owners, managers, and their team to build a shared vision for the future. With our unique approach to Strategic Thinking and Planning, we generate input from multiple levels within the organization, address difficult issues, and facilitate development of a shared vision for the company's future. Once plans are developed, we assist in translating the Company's vision into a set of measurable steps with accountability for producing positive results.
Leadership Coaching and Development
We understand that it can be lonely at the top. The head of any organization needs a confidential sounding board to help organize and prioritize issues. Executive Coaching provides this sounding board for the leader. The CEO/President is held accountable for issues and personal development. Feedback from the coach is candid and honest. Strengths are built upon and weaknesses are addressed. Our experience has shown that developing future leaders and managers, both family and non-family, is one of the most important responsibilities of today's leaders.
Team Building
Our advising team uses a strengths-based approach to selecting, building, and developing a results oriented team. Our tools include individual and group assessments designed to improve communication, understanding, and functioning among team members to enhance execution and obtain more optimal results.
Conflict Resolution
Conflict management skills are learned skills. Any group that spends a significant amount of time together will experience conflict. It is normal and to be expected. For family members who live and work together, conflict management is an essential skill. Our Advisors use methods that employ communication and development exercises in a positive setting as well as a productive evaluation through our assessment tools.
Communication Enhancement
We provide the family-owned business with tools to enhance communication abilities. The Process Communication Model® ("PCM") is an innovative and time-proven tool that our Advisors use to enable families and businesses to understand, motivate, and communicate more effectively. Improving these relations increases harmony within the family and economic value within the company.
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Family ownership defines the ultimate direction of the family business. Legasus assists owners in addressing these and other ownership issues:
Ownership Transition
Our Advisors walk alongside owners who are considering transitions. There are many questions including: What will I do with myself? How will I support myself? Can my kids work together? What will the kids do to the business I built? Through our transition planning process, we can help resolve concerns about a company's legal, financial, ownership succession, and estate plans. Best of all, we address these issues in a holistic approach that includes teaming with the professionals you select to handle tax, legal, or other components.
Leadership Succession
We work with planning leadership and management transitions. Transition is a necessary part of any growing organization. Great companies are built on great teams. As employees find other opportunities, retire, or experience an untimely death, opportunities emerge to change roles within the team. To ensure the successful continuation of the organization, we must plan for these changes. This means developing individuals who can assume key roles and responsibilities with minimal disruption to the flow of business. With the right planning, successful succession can be a reality.
Board of Directors Development
Our Advisors facilitate the development of effective governance structures. The goal of Board Development is to develop a forum for accountability, added objectivity, and better decision-making. By creating an Advisory Board or strengthening the existing Board of Directors, companies can discover and implement an under-utilized leadership tool for the family business.
Ownership and Partnership Charters
The Family Ownership Charter is designed to facilitate agreement on the rules and processes that will guide the family now and in the future. Legasus Group facilitates a process that includes reaching consensus on a draft of structures, processes, or policies for working together in the future. The value of the Family Ownership Charter is greater than the written document. Learning to reach consensus on key issues is invaluable to the next generation's ability to work as a team.
Owner Retreats
The Family Ownership Charter is designed to facilitate agreement on the rules and processes that will guide the family now and in the future. Legasus Group facilitates a process that includes reaching consensus on a draft of structures, processes, or policies for working together in the future. The value of the Family Ownership Charter is greater than the written document. Learning to reach consensus on key issues is invaluable to the next generation's ability to work as a team.
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Legasus Advisors are experienced in helping families develop their shared vision, values, and goals. They have helped families to improve intergenerational cooperation, manage communications, resolve conflict, and cope with changes in authority. Productive and effective, Legasus processes include:
Family Meetings
The Family Council is a forum for family members to voice opinions, resolve conflict, share business knowledge, and have fun. Families in business together have found this to be an extremely valuable tool for the continuation of the business. Family Council meeting topics for discussion include: communication strategies, conflict management, ownership and family transitions, and relevant business and operational issues as well as offering a forum for the interests and concerns of cousins, in-laws, and other family members.
Vision and Values
An enduring commitment to values is the greatest strength a family can bring to business ownership. When the owning family's values form the heart of a business culture, vital synergies can arise. Shared values enable family members to derive pleasure and meaning from sustaining cross-generational relationships and striving toward mutual goals. We help families identify and communicate their vision and values, which leads to strengthened family ties and improved day-to-day business operations.
Career Path Development
Few challenges demand more of a business owner than passing on the family business to the next generation. Family members' lifelong hopes, dreams, ambitions, relationships, even personal struggles with mortality, all figure into transition planning. The owner must safeguard the long-term health of the business, as well as prepare and install a successor, and map out other family members' roles in the business. Planning a career path for the next generations can turn succession from a potentially explosive crisis into a renewed commitment to the business and the family.
Family Wealth Strategies
A family's greatest assets and liabilities are more than their financial assets and liabilities. The family's assets are also human, intellectual, and social. A family's liabilities are failure of family governance, lack of understanding that that success requires a 100-year plan, and other "family specific" liabilities such as death, divorce, and estate taxes. Our Advisors work with families to address these issues in a holistic approach that includes teaming with the professionals you select to handle philanthropy, tax, legal, and other components.
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