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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How to Generate Emotional Attachment to a Business

Economic vs Emotional Value The economic value of a firm can be defined by the share price and the dividends owners receive. By contrast, the emotional value is the families’ attachment to the business. It is like a glue. And the higher the emotional value, the higher the power of the glue. Consider a wedding […]

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The Benefits of Governance

Great family businesses are built on strategy, vision, values, and execution, but family businesses that endure across generations have an additional edge: governance. Based on our Commissioners’ collective experience, governance becomes vital to a family business as it grows and confronts new opportunities, challenges, and critical questions about its future direction. “The growth and sustainability […]

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KPMG’s 1st Family Business Forum in Athens, Greece

The first conference dedicated exclusively to the Family Businesses, organized by KPMG in Greece, was successfully concluded on May 26. The event attendants exceeded the 160 from approximately 60 companies, who actively participated in the discussions by answering to polling questions raised in real-time and posing key questions that concern the family businesses. Noteworthy is […]

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Academic Insight: Long-term horizons, current income and diversification drive investment decisions

High net worth individuals invest for three main purposes. Long-term capital appreciation is the most important, current income ranks second, and gaining a level of diversification comes in third. This at least was the findings of our extensive 2014 Global Family Business Survey. However, many high net worth individuals (HNWIs) also seek to match their […]

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The 3 keys to a good family business succession plan

“If you fail to plan, you are planning to fail” goes the famous quote by Benjamin Franklin, and how true it is, especially in terms of family business succession. Transitioning the firm between generations faces several unavoidable challenges, such as a change in leadership style and staff loyalty, so why not eliminate any unnecessary trials […]

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