Recent surveys have unveiled a resounding consensus among family business leaders: the imperative to explore untapped territories ranks among the top priorities for strategic evolution.
Hosted by the First Bank Center for Family-Owned Businesses, John K. Murphy, guest speaker and president of JK Murphy Advisors, discusses why understanding the value of your business, even if you have no intentions to sell, is imperative. Murphy shares tools on how to understand the value of your family business, especially when it comes to how your competitors and industry experts see your business. In this session, you will explore your strengths, weaknesses, and opportunities to improve.
Although producing a high-quality product or service that consumers want or need is essential to a successful, sustainable family business model, there’s yet another component that shouldn’t be overlooked: building authentic client relationships.