Bill Lindsley & Co. - Family Buisiness -

Family Businesses

We have extensive experience in working with the particular nuances of family-owned businesses. In addition to the normal challenges of growing a business, family relationships add another layer of complexity. As dean of the graduate business school at Belmont, Dr. Lindsley was the interim director of the Family Business Center there. He began the practice of using affinity groups for specific family situations, and helped facilitate those discussions. He has presented several workshops to this and other family business centers. He is currently a sponsor and key advisor to the Tennessee Family Business Center. A substantial number of our past and current consulting clients are family businesses.

Typical Family Business BEFORE
Bill Lindsley & Co. arrives

Sample Projects:

Family Business - Electrical Contracting
(Stansell Electric Company)

Problem:	Lack of formal planning process Need to transition to more professional management Succession planning needed to third generation Need infrastructure for growth
Solution:	Set up planning process and facilitated the building of the plan Worked individually with family members to help leadership transition Quarterly Strategic Updates Family Council
Results:	Strategic Plan in place Leadership transition has successfully occurred Infrastructure in place Doubled sales within five years
"We have been working with Bill for four years now and he has had a profound impact on our busines. We have been able to accomplish many things that might not have happened without his help...I highly recommend Bill to anyone, whether involved in a family business or not, who is in need of a very experienced, very personable, very intelligent, very caring person to assist their team in their planning." David Stansell., President

Family Business - Metal Fabricating
(Nashville Wire Products, Inc.)

Problem:
Lack of formal planning process; lack of clarity of roles among managers and family members

Solution:
Planning Retreat followed by ongoing planning process

Results:
Formalized three-year plan with clearer accountability.

"With Bill's assistance we looked at a lot of issues confronting our company, both opportunities and problems. As a result, we developed some major initiatives and strategic plans in important areas of our company. For a family business like ours, which might otherwise operate by the seat of the pants, this has been a very valuable experience. We have continued to develop and work from these strategic plans."

David Rollins, President

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Bill's early experience with the family "business"

And much, much later...