Due to their desire for longevity and continued control, many family enterprises prefer self-financing for their growth. They pay out less in dividends (frugality) and generally have less debt than their non family equivalents.
The global financial crisis has had an enormous impact on economies worldwide, with stock markets falling, financial institutions closing and increasing debt levels.
Cash management is an integral part of running a business. Sadly, due to its often informal structures, a family business can struggle to survive if proper cash management processes aren’t in place.
As a high net worth individual or wealthy family business owner, you face a distinct set of considerations for tax and wealth planning.
With organisational boards and stakeholders demanding increased transparency of organisational funds, it’s important for all businesses to have a clear financial management structure.
Africa, as a region, presents enormous opportunity, and has done so for some years now. The capitalisation on this opportunity has been slow, and the continent has not accelerated at the anticipated rate.
One of the major goals of a successful family business is the accumulation and preservation of wealth, designed to safeguard the lifestyle of generations to come.
A recent CampdenFB article, Single Family Offices Still Favoured in the Middle East, summarizes the insights from a 2013 report by Invesco on Asset Management Practices in the Middle East.
In addition, increases in Inheritance Tax are making succession planning more difficult. Thus, higher taxes are leading many high-net worth individuals to find more efficient means of structuring their tax investments.
Are you a business owner who’s hoping to pass on the assets accumulated during your lifetime to your children? If so, then you should be aware of the ins and outs of Capital Gains Tax.
It’s tougher than many think for the wealthy to maintain their current lifestyle in the face of continuing global economic woes.
A study by Professors from IESE Business School, supported by the Family Office Circle Foundation, analyzed the impact investment strategies of 60 impact investors, mainly based in large single-family offices.
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.
You’ve worked hard to make a success of your family business and to build your family’s wealth. The last thing you wish to see is the wealth built up over your lifetime squandered away by the next generation. That's where financial stewardship comes in...