Family Business

Psychological Associates partners with organizations to achieve targeted growth and collaboration through customized solutions designed to best fit your strategy goals. We provide a suite of Talent Assessment, Leadership Development, Succession Planning, and Family Business solutions to positively impact every facet of your organization.

Running a successful business can sometimes be complicated by family dynamics. Our Family Business Methodology focuses on seven common family business challenges. Psychological Associates guides clients through a journey of evolving from a family business to a family in business, helping you balance shareholder interests with your unique family values. Our goal is to ensure the success of your business by giving you and your family members the tools and skills necessary to overcome challenges and arrive at sound decisions.

Governance Models

We believe in bringing the right people together for productive business discussions. Psychological Associates can help you create and develop effective leadership teams — including an Advisory Board, Family Council, and Compensation Committee — that bring family members together with impartial, outside experts to provide unique insight and facilitate responsible family business activity.

Performance Systems

Evaluating the performance of family members requires an objective review process. We start with a CEO Review, designed to create fair, robust, and actionable insight for optimal results. Then we use a variety of solutions, such as The Q4 Leader 360° surveys, Team Scorecard, and Executive Coaching, to support ongoing leadership development. These tools prepare the right successor for each key role in your organization.

Vision, Mission, Values

Psychological Associates can help your family business articulate its greater purpose. This provides a framework to support family harmony and focus strategic direction for ongoing success.

Ensure the longevity of your business by building a plan for the next generation.