Family businesses are the backbone of the American economy. But as they grow, unique challenges arise.

At Townsend Search Group, we’ve worked with many family-owned businesses to recruit new C-suite leaders as they ponder how to take things to the next level, particularly when the business requires greater financial acumen. Common questions emerge: What happens when a family business outgrows its financial leadership? How can a company navigate the delicate balance between preserving family values and legacy while bringing in the external expertise needed to drive growth and success?

Dan Ellis address these and other issues related to recruiting and retaining CFOs in an article published this week by Family Business Magazine, which you can read here.

If your family business is approaching a generational transfer of leadership, or grappling with growing pains, contact Dan Ellis to discuss options and opportunities for finding the right outside talent to address these challenges.