Company Overview
With 45 years of business experience, Jim Foley has recognizes that small and medium size, privately held and family-owned businesses are the motor that drives the economic wheel of America.
Yet, these entities have very unique challenges:
- Long-term business growth
- New product development
- Organizational development
- Strategic planning
- Succession planning
Small, and later, medium size businesses generally find their beginnings with two common traits – a great idea and a champion that works tirelessly, and with little capital, to bring that idea to reality.
Many, if not most, entrepreneurs fail at first and sometimes never realize their dreams. The founders who succeed may be very successful through the first one or two phases of the business life cycle. Then, the challenge these great business entrepreneurs face is that the initial idea that turned into a product or service solution must be advanced and improved continuously in order to maintain the competitive edge that the company enjoyed at the outset:
- Marketing technologies change and channels to market evolve;
- As growth occurs, more people are added and the need to create a team culture;
- Interactive leadership style becomes necessary to maintain the company’s competitiveness and growth;
- It may also be time, due to health or age of the initial leader and driver of the business, to transition the business to another person or family member.
These are major challenges in small- and medium-sized private and family-owned businesses. They often derail the focus on the business. In many cases, this is where a breakdown begins. The process of selecting new associates and leaders and transitioning from the founders culture to the next level are both critical to sustaining the business. They are also the most difficult due to the conflict of old and new, and the corresponding company cultures that are in play.
What generally happens is that all of the cultural and philosophical issues within the business take precedence and suck up resources and brain power. This happens at a time when those resources and creative brain power are desperately needed to maintain the competitive edge in the market and keep the business financially viable.
Our Mission
The mission of The Foley Group is to create business growth and financial performance for our clients. We do that by supporting an internal leadership structure that provides fulfillment for each leader and /or family member and allows for 100% focus on the critical needs of the business to sustain their competitive edge and maintain financial growth and stability.
As it relates to family-owned businesses, the mission of The Foley Group is to create an environment where each family member and non-family member is personally fulfilled in an accountable & responsible role that is most energizing for them. We help the company team to maintain a laser focus on the competitive and cost control challenges that will drive the financial success for the family and all of the non-family associates of the business.
Our bottom line is to make both Thanksgiving Dinner and Payday a positive and pleasant experience for all family members.