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Family Business Partnership Program

Assisting Family Owned Businesses in the Inland Empire

Family Business Partnership logo

The mission of the Family Business Partnership (FBP) program is to enhance the knowledge base and financial stability of family owned businesses in the Inland Empire region through innovative assistance programs targeted to meet the specific and unique needs of family owned companies. To achieve this mission, the IEFBP will deliver the following services to members of its FBP program: educational programs, assessment and advisory services, networking roundtables, and an annual family business conference.

Educational programs are offered approximately six (6) times each year on specific issues of importance to family owned businesses. Topics include family business succession, estate planning, management of internal conflict, compensation for family and non-family managers, and other topics of interest to family business owners and successors. In addition, each year, the FBP program holds a regional Family Business Conference that would provide a forum to highlight family business issues and feature a keynote speaker.

The Family Business Assessment provides an intensive, point-by-point checkup on the condition of a family business. The assessment covers the factors (management structures, compensation structure, succession planning, and family relationships) that have been proven critical for successful succession and strategic business advantage for the family owned business.

The FBP provides a broad range of confidential advisory and coaching services to family owned businesses. Key issues that will be addressed by the FBP through the advisory services include succession planning, resolving and managing conflict, compensation for family and non-family members, estate planning, strategic and professional management issues, as well as general business issues faced by all businesses. The FBP also coordinates and facilitates a networking group of family owned businesses in which the members have the opportunity to come together each month, learn from each other’s positive and negative experiences, and discuss how they have dealt with specific problems or challenges.