We Transform How Family Offices Work With Their Families
Founder Greg McCann has spent a lifetime working with family enterprises, with a special emphasis on helping the next generation succeed by:
- Deepening overall awareness, especially communication
- Reframing their family business into a family enterprise
- Helping the family develop more agile leaders with leadership development plans
- Developing the next generation
Why this is important?
If you are leading in a family office, consider the turbulent times you face:
- The world is more interdependent, complex, and rapidly changing.
- With 80% of single-family offices in the U.S. facing leadership succession by 2026, 80% have no plan or process.
- Trends such as direct investing, strategic philanthropy, and holistic assessments of family wealth/capital make the role of the SFO and leaders evermore challenging.
- The pandemic has made client families reflect on what truly matters and how they define value.
Thus, more than ever the key people in a family office must not only be subject matter experts, but also leaders who are part of an effective team.
Cultivating Leadership & Team Building
You may have one client, who is also your boss, who may have little knowledge of the field, and have little motivation to remedy that. But you are the leader, and it starts with you. So, consider: What is your capacity and agility for empowering those you lead? See the Leadership Agility chart below.
Capacity is your ability to evolve your mindset, your emotional intelligence (think self-awareness and empathy), your effectiveness in framing complex issues, and the ability to step back from a system to see it more clearly. That system can be your own ego, your client family, their enterprise(s), your industry, or even your culture.
Agility is having the mindfulness to decide which style or “gear” best suits the circumstances and goals. Most of us, for example, start off crawling in life, then walk, run, ride a bike, and drive a car. A few of us become pilots. A pilot then may have the capacity to fly to another country but use her agility to decide that taking a bike to the corner store makes the most sense.
Couple this with a time-tested approach to creating more effective teams and you can transform your SFO into a team with leaders to address these challenges!
I have had the pleasure of working with Greg and his team for over a year now. He began as my Executive Coach focused on building my leadership skills as I moved into my role as President of a Family Office but that was just the beginning. He created an environment that allowed me to develop not only my leadership skills but also my vision for my organization by thoughtfully guiding my exploration and helping me to organize and frame my thinking. That has led to his work with the leadership team. This work has transformed our team into a much more effective group aligned around the same vision and moving forward together.