The succession taboo

The Succession Taboo

Mortality is a given faced by everyone, but how each of us deal with that knowledge and possible attendant anxiety can be very different. In terms of business – family-owned or otherwise – it is important that this fact be dealt with in a healthy, direct and timeous manner.

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Be the Devil’s Advocate in Your Business

Be the Devil’s Advocate in Your Business

Passion and vision are two characteristics that make a good leader, but when not tempered by humility, any vision a leader has will ultimately fail at the hands of those feeling they are being pushed along a path they either don’t agree with, or aren’t comfortable with yet.

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An emotional approach to strategy execution

An emotional approach to strategy execution

All employees have their individual emotions – what can be termed “personal emotions” – and dealing with those affecting workplace dynamics is of course important, but lesser understood and therefore addressed are the shared workplace emotions – what can be termed “collective emotions” – which can negatively impact the execution of a new business strategy.

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Why family businesses struggle with bank loans

Why family businesses struggle with bank loans

When it comes to long-term goals, family businesses generally have fairly ambitious growth plans. A quarter of those surveyed in our KPMG Family Business Global Survey said that acquisitions are their most important funding need, 18 percent said expansion into new geographies, and 16 percent said new sectors.

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Analysing the True Financial Needs of Family Businesses

Analysing the True Financial Needs of Family Businesses

Like any other business, family owned ones need capital. Unlike companies following a more public business model though, family businesses are inherently restricted on where to seek capital, due to their unique stipulations.

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Before embarking on writing a family constitution

Before embarking on writing a family constitution

With the recent focus on family constitutions (also known as “charters” or “protocols”); some business families feel that these are magic formula that will help them stay in business together, forever, no matter what.

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The succession taboo

Financing the Modern Family Business

There’s a common misconception that family businesses seem to be entirely self-financing and therefore self-sufficient. Our survey did find that the opinion towards financing did differ slightly between the different countries

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Why You Should Sell Your Business to an Employee

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.

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Top 4 Reasons for Family Businesses to Seek HNWI InvestorsWhy You Should Sell Your Business to an Employee

Top 4 Reasons for Family Businesses to Seek HNWI Investors

The very nature of a family business might make the owners shy away from seeking out High Net Worth Individuals (HNWIs) as investors, as they assume these investors are not just willing to front the money, without some sort of equity stake being involved. However, the findings from our recent KPMG Family Business Global Survey told a slightly different story.

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What Constitutes a Failure?

What Constitutes a Failure?

Often in business, we are so driven by the bottom line and quarterly targets that we won’t think twice about throwing out an innovative idea at the first sign of failure. It’s just too big a risk to continue with something that is already showing signs of being unpopular. Madness is following a path riddled with failures, right?

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