Week 3 stages of ownership

1. What stage of the family business Lifecyle is your family business in?

My family business is a cousin consortium business which produces mineral water and soft drinks.

My family owns the 66% of the shares while the cousins own the 34% of the firm

2. In what way does this stage reflect a ‘problematique’ and challenging stage?

It can be an issue when the co-owner attend the board meetings and have a different vision from my father (who's the only one that actually works in the company and knows the market) so this can have problems for both the company and the management.

3.How does this stage of your family business’ lifecycle contribute, affect or erode the business and ownership dimensions of your business?

Sometimes it can be hard to work with partners which do not share your same ideas and this can erode the business.

4.What transition do you envisage for your family business’s lifecycle stage in the coming 10 years?

I think that my father and his brother want this company to be solely managed by their children. Thus, I think that in the next 10 years the transition will be to not be any more a cousin consortium but a siblings partnership.

5.How do you anticipate your family business and its owners and agents (including yourselves), reacting to these changes?

I think that the cousin consortium stage will be harder to reach because it will not be easy to buy the shares of the partners. I think could be an opportunity for us to implement more changes freely without having discussion with the cousins.