Japanese family businesses live long and prosper

Japanese family businesses live long and prosper

Japan’s family businesses place high importance on the retention of family ownership and preservation of the business and its traditions for the next generation. Of the family firms surveyed as part of our KPMG Global Family Business Survey, 80% had a family member CEO, three out of five were 100% family-owned, and the remaining companies were more than 50% family owned. A unique element of Japanese family businesses is their longevity – with two of the companies surveyed being run by fourteenth and seventeenth generations.

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HNWIs usually invest in family businesses on a personal rather than formal basis

HNWIs usually invest in family businesses on a personal rather than formal basis

Great news for the family business sector is that high net-worth individuals (HNWIs) are generally very happy with their investments in family businesses, so the creation and renewal of such relationships moving into the future is looking bright. This is a key finding from our 2014 KPMG Global Family Business Survey.

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How do HNWIs view family business investment?

How do HNWIs view family business investment?

High net worth individuals (HNWIs) see family businesses as a good match for them according to the results from our recent KPMG Family Business Global Survey. Nearly half say that they have invested in at least one family business, often in a personal capacity. Encouragingly, the vast majority say their experience of doing so was positive.

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Passion for Family Business by Leonard Forestier

Passion for Family Business by Leonard Forestier [Video]

Leonard Forestier from Petit Forestier group talks about the passion for the business.

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Human connections in family business

Human connections key to contentment

There is no happiness in life without human connections. And that’s not just one person’s opinion speaking – that’s 75 years of research into adult development by the Harvard Grant Study speaking. One of the directors of the study, George Valiant, reports that the findings of the decades-long study is that warm and intimate relationships are the most prevalent indicator of contentment with life. Other factors such as work enjoyment, health and a good income are also strong indicators of happiness, but none are as significant as close human relationships.

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Over half of Australian family businesses work with HNWIs

Over half of Australian family businesses work with HNWIs

As much as 62% of family businesses in Australia are currently seeking external finance, according to respondents in this year’s KPMG Family Business Global Survey. This means opportunities are very much open for family business owners to connect with high net worth individuals (HNWIs). Just as importantly, more than half of those surveyed said they have already obtained direct financing from HNWIs, and some positive experiences of the same were reported.

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Five keys to balancing work and life

Five keys to balancing work and life

Senior executives can have a tough time achieving a happy and sustainable balance between their heavy work duties and their personal lives, so much so that many have come to think of such a balance is a chimera. Yet there are those who manage it reasonably well.

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Engaging the next generation

Engaging the next generation

So you’d really like to keep the business in the family, but are wondering how to enlist the next generation? At what age? Transmitting what message? One of the challenges that leaders of family businesses face is: “how do I encourage the next generation to become involved in the business and yet let them choose the career that corresponds to their dreams and abilities?”

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HNWIs usually invest in family businesses on a personal rather than formal basis

How do peers shape your entrepreneurial intentions?

Does childhood socialisation impact one’s entrepreneurial intentions? Let’s discuss… Entrepreneurs can often expect a lower income than their corporate counterparts. Since therefore entrepreneurship is not an obvious economic choice, there must be other, non-pecuniary motivators at play for those who choose to follow this route.

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Investment from HNWIs positive for family businesses

Investment from HNWIs positive for family businesses

A large minority of family businesses have, at some point in their business, made use of investments from high net worth individuals (HNWI) and other family business investment pools. According to our recent Family Business Global Survey, some 42% of family businesses have previously received direct investment from these sources.

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