FRAN LOTERY
Helping multi-Generational Families Come Together
Fran is a Family Enterprise Consultant who helps family-owned companies manage inherent conflict and find an equilibrium that leverages the best aspects of family members and the business or family office.
protect Your most valuable asset:
your family Enterprise
Trying to balance the needs of family members and a family business can be challenging, especially in organizations facing a leadership transition. Now is the time for action – you need to decide how things will get done and who is responsible for what tasks to ensure the sustainability of your family enterprise. It is vital to prepare future generations for leadership and build alignment among family members around the family’s philosophy and approach to business and ownership.
Getting the right structures and processes in place for your family and organization’s specific needs is critical for long-term success. It’s not just about the assets – it’s also about the relationships. As a family, you can use this change as an opportunity to reflect on how your family legacy was built and what it will take to carry it forward. Whether you are experiencing a transition from G-1 to G-2 or G-2 to G-3 or beyond, as a family, you’ll need to learn how to navigate challenges together.
ensuring your family legacy
Succession and continuity planning are difficult topics to address as a business and as a family. Individuals might feel as if their voices are being muted or their suggestions overlooked and discarded. You might be asking yourself:
- How can we put aside personal issues and work together to make decisions that are in the best interest of the company and family members?
- How can we support family member’s goals and ambitions while maintaining a shared family direction?
- How do we create a succession plan that aligns with the culture and needs of the business and our family values?
- How will new leadership lead the organization toward new or different areas of potential and innovation?
- How can we create a mission that energizes and motivates the next generation of leadership so the company continues to succeed?
When you work with Fran, she educates you and your family about the impact of family dynamics, decision making and family governance to prepare all parties for the realities of their new future together. She directs meaningful communication to empower every family member’s voice to be heard. With her guidance, you learn how to ensure the continuity of both family financial assets and family relationships.
Personalized Service & Objective Advice
How Fran Can Help:
- Family Enterprise Ownership Alignment
- Sucession & Continuity Planning
- Organizing & Educating Your Family
- Communication & Conflict Resolution
- Strategic Planning
- Board Formation & Development
- Preparing the Next Generation
- Independent Board Member Service
Sustainability Through
Meaningful & Directed communication
It is important that you learn to talk about priorities as a family and as a business in ways that are productive and pragmatic. Fran has written several informative articles that help educate future leaders how to become better communicators and how to be good stewards of their legacy.
step 1
Discovery Phase: getting to Know You.
Throughout this phase, we focus on learning the intricacies of your family dynamic, how the business and/or family office currently operates, what the major issues and priorities are. We interview family members in order to prepare a Roadmap and recommend next steps.
step 2
Roadmap: Laying out a Plan.
We analyze our notes and information, based on feedback and conversations throughout the interview process and together finalize the Roadmap.
step 3
Implementing Action: Time to get to work.
During this phase, we focus on the primary priority points. To some, this may mean educating and getting the next-generation on board, and to others this may mean re-structuring the existing family business or family office governance. Coaching, training, and engagement are an essential part of Step 3. Whatever the need is, we work together to navigate these challenges.
step 4
Pass the Torch: Slowly disengaging.
As we wrap up our work together, you now have the tools needed to confidently operate your business and/or family office the way you want! We will slowly fade away so you and your team can continue onward and upward independently.
Understanding Through Education
Fran has authored numerous books and articles to help families create clarity around their unique wealth and relationship needs. With over 35 years of experience, she is proven her leadership skills and capabilities within this industry.
Recommended Books and Articles:
- A Development Plan for the Next Generation
(Family Business Legacy website) - Be Careful What You Wish For
(Family Business Legacy website) - The Family Wealth Sustainability Toolkit: The Manual
(purchase on Amazon) - The Essential Roadmap: Navigating Family Enterprise Sustainability in a Changing World (with Fredda Herz Brown)
(purchase on Amazon)
Empowering Every Individual to
Have a Voice
Fran utilizes best practices to help you and your family build structures, decision-making processes, and leadership that will last over generations. Her expertise helps you realize what’s working within your family to build and maintain sustainable wealth and how to fix what isn’t.