United Kingdom

Details

  • Type: Video
  • Date: 17/01/2012
  • Length: 1.24 Minutes

Family First - The Family Component 

The Family Component:

Family businesses are really important to KPMG in the UK, and in fact across Europe. They represent almost 40% of UK GDP of private companies. So it’s an essential base for the UK economy in these difficult times.

 

The family business themselves tend to be more stable, long-term. They take long-term decisions, for long-term benefit for the family, but also for their communities that they work within.

 

They require, therefore, someone alongside them that recognises that these decisions are being taken for long-term benefit, but also someone who can walk alongside them to help them make these decisions, both for the benefit of family but for the business as a whole as well.

 

KPMG through Family First in their approach to family businesses are passionate about assisting family businesses solve the problems of ownership. Our approach is to mirror the family business’s approach themselves. They’re committed to family, business, community and employees. We do the same; we’ve worked with a number of businesses for a long number of years, so we can bring the benefit of that experience to the business and the families.

To effectively manage a family business you need to make a commitment to manage the all-important 'Family Component'.

 

Gary Deans introduces Family First and KPMG’s dedicated approach to family businesses.

 

Share this

Share this

Find out more