Is Family Business long termism having ‘a moment’?

For many moons those running family businesses have spoken of how their long term perspective sets them apart from other business ownership structures in terms of how it influences their corporate behaviour and strategy. But this summer, as Andrea Illy, Chairman and Chief Executive of famous family owned coffee business, Illycaffe, confirmed why his business […]

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Talk things over before selling the family business

If family businesses reach a deadlock in negotiation amongst themselves, more often than not they eventually resort to selling. Recent research done by experts from the Sauder School of Business indicated though that selling the family business is not a panacea for solving problems and that it can rather cause a range of other, even […]

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Myth: Family businesses do not need external expertise

The family is at the heart of any family-owned business, but increasingly more family businesses are recognising the need to bring in outside expertise and talent at senior levels, and they understand the importance of checks and balances that independent, non-family members can provide to their company. According to our Family Business Global Survey, only […]

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Profit and impact can go together in family office investment

Family offices are increasingly interested and active in impact investing. A study by Professors from IESE Business School, supported by the Family Office Circle Foundation, analyzed the impact investment strategies of 60 impact investors, mainly based in large single-family offices. The authors reach the interesting conclusion that in impact investing, there is no trade-off between […]

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The three enablers of an effective board: Clarity, Culture and Communication

This article is an extract from ‘Enduring Across Generations – How Boards Drive Value in Family Business’ published by KPMG in conjunction with WomenCompanyDirectors.  Click here to download the full report>> A family business may choose any one of a number of governance models such as an all-family board, a partially independent board, or an […]

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Why You Should Sell Your Business to an Employee

Deciding that it’s time to sell your business is a big decision all by itself, but unfortunately, it’s only just opening the floodgates to many more decisions – all revolving around the question of how the business will be sold. Not only do you need to ensure that you first assess the business’ true worth […]

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Financing alternatives to bank loans and micro loans

Small businesses often fail, not because of a lack of skill or a poor product or service but because they lack cash. And as we learned previously, cash flow problems can quickly spell insolvency. But where to get your hands on money to tide you over when you need it? What are the financing alternatives? […]

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Family businesses stay close to family

When your family has built and developed a company through multiple generations, you usually wish to maintain strong links through majority ownership and taking day-to-day management roles within the company. This is certainly true for the members of WomenCorporateDirectors (WCD) who served as respondents in the survey “Financing family business growth: Bringing family businesses and investors together”. By and […]

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Trend towards formal board of directors in family businesses globally

The board of directors plays a vital balancing role in many businesses, with 52% of the companies canvassed in our 2014 Family Business Global Survey saying that less than half or none of the board is made up of family members. In fact, only a tenth of family businesses had a board comprised entirely of […]

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Financing family business growth: Bringing family businesses and investors together

In their joint study ‘Financing family business growth: bringing family businesses and investors together’ WomenCorporateDirectors (WCD) and KPMG explore the funding partnership between family businesses and HNWIs within the WCD community. The report reveals that despite challenges on both sides, family businesses and HNWIs have an appetite for investment and can prove to be highly […]

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