No business operates in a vacuum. Economics and socio-political factors impact the trajectory of any business. Moreover the business climate of today is a rapidly evolving one, encountering and consequently requiring new laws and legislation on various and often unprecedented actualities.
Family business leaders are generally patriarchs (or matriarchs) and as such they care about achieving business success as well as fostering overall family success. The two kinds of success are clearly intertwined, and below are seven tips on how family business leaders can ensure their actions within the workplace help them to achieve both ends…
According to the 2013 KPMG and FBA Family Business Survey, 72 per cent of family businesses reported they felt they were outperforming their competitors in the area of productivity.
Transitioning the family business from one generation to the next is seldom an easy and straightforward process. There are a number of inherent complexities and obstacles that need to be tackled, or overcome, to try to ensure the future success of the business.
We all know the saying, “it’s an offer you can’t refuse”, but what exactly constitutes such an offer in terms of selling a family business? Is it just about a really good financial return? Well, that’s quite an easy one to answer: no. When it comes to selling a family business, there’s so much more involved than just money.
KPMG Partner Scot Guempel talks about taxation and it’s integral part of planning within the family business as well as it’s impact on the business.
As much as objective, rational-thinking business advisors caution against mixing business and family, the fact is that – by their very nature – the family and business aspects of a family business are inextricably linked
KPMG France Director Vincent Bouteille talks about the financing alternatives in the family business…
Ask any family business owner why they went into business for themselves and the usual answer is to provide an income for them and their families. Most of these entrepreneurs are too busy with the daily grind – marketing and selling the business’s products and/or services, managing staff, doing admin and so on – to think about what happens when one day they want out.
Using an investment fund and introducing investors to the capital may appear inconsistent with the brand” Family Businesses”.
However, engaging a minority investor, who shares the same objectives with the family, could be a successful solution for daily operations as the funding could be spread over several years.
KPMG Family Business Think Tank
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Reports & Surveys
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