Are You Prepared for The Leadership and Ownership Transition?

76% Of Family Businesses Expect to Appoint a New CEO Within the Next 5 Years.  According to an in-depth survey KPMG Australia conducted, the performance of family businesses peaked when the CEO was between 51 and 60. It then declined as the CEO approached the age of 70 or older. This is most likely because, […]

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Family Business: Successful Leadership Lessons

To successfully lead a family business you need a system that results in decisiveness and unity. Why? Because if your leadership roles are poorly designed and badly structured, you set your family business up for failure.  How to design, structure and allocate leadership roles It makes no difference whether you adopt the one-leader model for […]

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What Are the 10 Signs that You Should Sell the Family Business?

  Whoa! Did we just say SELL your family business? The business that you have put your heart and soul into? The business that has brought your family together for a common cause? The business that has become part of your identity? That’s shocking! Yes, it is. But at some point it may be wiser […]

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How Can Philanthropy Benefit Your Family Business?

Of course, taking a philanthropic stance benefits your community or global communities, depending on how far your philanthropy extends. But it also benefits your family. Family business philanthropy is a fast-evolving field. The level of philanthropic engagement grows each year around the world.  Whilst family-owned companies continue to play an important role in the economy […]

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Leadership Decisions in a Family Business

How do you decide who will run your family business? This question can lead to great inter-family conflict if not handled properly. Here are some suggestions to turn a potentially bad situation around. As well as being your greatest asset, your family-owned business can also be the greatest source of conflict amongst family members. The […]

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Why to Adopt Formal Governance Mechanisms?

There is an increasing global trend for family owned businesses to take on a more formal governance. According to our latest survey (“Family Businesses: optimistic, entrepreneurial, open to disruptive technologies”): 52% of companies have a formal board of directors (39% in 2011) 51% of companies have a formal policy in place when it comes to […]

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What would attract HNWIs to invest in a family business?

Many family businesses are their own worst enemy. Their desire to maintain full control over their company often limits their financing options. For them to grow and increase their profit, they need strong financing. So what are the options? Private equity or corporate strategic partners, but these limit or reduce the family business owner’s control […]

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Exactly How Do You Avoid Conflicts of Interest in a Family Business?

Family dynamics are often bad enough in the home but let them seep through into the office and you know you’re in trouble. When you are working alongside siblings and parents, it’s only natural that there will be some squabbles. However, if these are not controlled, they can have a devastating effect on the growth […]

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Succession Planning is the Biggest Life Event in your Family Business

With statistics showing that only 30% of family businesses survive into the second generation, with a greatly decreased percentage making it into each generation after that – how you handle the succession of your hard won legacy is one of the greatest “make or break” moments in the company’s life…

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