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Family-Owned Businesses Grow Faster by Outsourcing and By Improving Family Relationships
(PRWEB) May 21, 2007 -- Don Schwerzler, founder of Family Business Institute and Jeff Ahola, CEO of The Ahola Corporation, held a joint press conference to announce a new strategic partnership between their respective organizations.
"One of the major questions most family-owned businesses wrestle with is how to grow the family's business while at the same time maintaining healthy family relationships," said Don Schwerzler, an internationally recognized expert in family business dynamics.
The advice offered by Schwerzler -- "professionalize the management style of the business and formalize the communication system for the family".
Jeff Ahola could not agree more. The Ahola Corporation is a family-owned business that was started in 1967 by Chester and Rheta Ahola. The company is now owned by the second generation, siblings Marja, Mark, Jeff and Scott Ahola.
Today, at age 40, The Ahola Corporation is the third oldest payroll processing company in the nation. They serve over 3,300 customers in 44 states. They also provide tax payment and workers' compensation services to small and mid-size businesses -- plus a seamless link between payroll and retirement plan administration with both Principal Financial and Nationwide.
Ahola, who earned his MBA at Pepperdine University, is the CEO of The Ahola Corporation, which focuses on providing payroll services to family owned businesses. The Ahola Corporation's patent pending system, Family Pay, provides unprecedented security, compliance and simplicity. The system allows a business owner to delegate payroll responsibilities to a non-family employee -- without revealing the details of the family members' compensation. Family Pay also assists clients in monitoring the unique IRS regulations that apply to family businesses.
"We know how difficult it can be to be in business with family -- but we also know how fulfilling it can be to build a successful family legacy for future generations," said Ahola.
The new joint partnership will conduct a series of nationwide workshops dealing with Innovation and the Family Business. Schwerzler pointed out that "the Family Business Institute has the only Family Business Innovation program in the country".
Jeff Ahola said "we are pleased to be sponsoring these family business workshops and we are excited to make them available to our family business clients. Our goal is to help take the complexity out of running a family company".
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