We hope that by sharing our experiences and other peoples’ stories, we can help family businesses prosper, and reach their full potential. It’s no secret that family owned and managed businesses are vital to every nation’s economy.
And so we hope you’ll join KPMG’s Family Business community of business owners and entrepreneurs, and our discussion of the issues that are relevant to you – our expertise is at your disposal.
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?
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.
No business operates in a vacuum. Economics and socio-political factors impact the trajectory of any business.
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.
Will Baker, KPMG Associate from the UK touches base on corporate governance structures that are in place within the family business and the importance of these corporate structures...
Using an investment fund and introducing investors to the capital may appear inconsistent with the brand” Family Businesses".
You run a family business with several shareholders – but what would happen if one of them wanted to sell shares?
KPMG in Bahrain has launched a new business forum, the Entrepreneurship Club, intended to coach and mentor Entrepreneurs in Bahrain.
Family-owned and managed businesses and SMEs make a vital contribution to the national economy of Bahrain. They also face their own unique challenges that require unique solutions.
KPMG Partner Volker Zlekse talks about Internal control systems and effective control systems which are important for family businesses, one cannot build a company only on trust, you have to be sure that the control systems work and are effective...
Your business has transitioned from a start-up to an established small to medium family-run enterprise, but how do you know whether now is the time to pursue growth?
Continuous advancements and improvements in the various fields of technology present small and family-run businesses with numerous opportunities to improve processes and business practices.
On January 15th 2014 I spoke at an entrepreneurship conference in Amman, Jordan, organized by KPMG. The opening speaker was a well-known Jordanian business leader who runs a large family-owned group, now in the 2nd generation.
As part of your succession plan, you’ve decided to hand over the reins to the next generation in your family business.
“Caroline said goodbye to her brothers Louis, Charles and Timothy, and rushed to her car, very satisfied with the decision that had been made.
Self-financing with the cash generated by operations is the first source of finance, and is usually preferred by family businesses; they often keep the dividend level at a minimum.
Making the decision to sell your family business is a difficult one – the ramifications of which can be life changing.
Timothy Sages hung up the phone with satisfaction.
French newspaper Les Echos recently published a special edition on “The transfer of family businesses”. Cecile Desjardins’ article, The "family business" test transmission, discussed the transition of businesses from generation to generation.
Stephan Werhahn, shareholder of Werhahn KG in Germany shed light on the positives of having representatives from other families on the Supervisory board.
Stephan Werhahn, shareholder of Werhahn KG in Germany shed light on the positives of having representatives from other families on the Supervisory board...
“My daughter is not interested in the family business” is a phrase that is often heard. But is this an assumption, or have we actually checked? Women have long played key roles in family businesses, though not always visible.
The family constitution is an important document for any family business and any family to engage in the process of formulating, because it provides a basis for the family and how it will essential interact with the business...
Family business governance is about so much more than just sitting on a board or managing the business. Family members can contribute in many different roles.
While it’s not always top-of-mind for business owners, succession planning is critical to ensuring the long-term success and value of the family business. A thought-out and successfully executed plan is key to securing a stable and sustainable future.
Stephan Werhahn touches base on organising the members of the Supervisory board and how they also have the potential of being elected in the future ...
The goal of impact investing is to make a sustained and measurable positive impact on society and the environment through strategic investments.
The notion regarding communication in a family business is that the process needs to be fair, and a fair process means you engage people in this process...
In spite of the risks involved, companies around the world continue to expand their operations into emerging markets, seeing it as key to their future success.
Communication is the foundation of every successful Family Business. Good communication means that they understand, agreed to and discussed what's important to the family business....
There must be an exchange of information based on mutual trust between families in similar situations...
Successful governance of the family business, the family office or family wealth in general can be immensely powerful as a platform in maintaining the aspirations of the family.
The European Family Business Barometer is an insightful look into the family business sector, shedding light on this crucial sector for Europe.
Family businesses are unique. At the centre of this difference is the family dynamic, which can play a significant role in decision-making and offers both opportunities and challenges.
In governance it is true that some family businesses require a board, despite how big the family business is.
The dreams for the family is to establish some of the good practices that are already common practices in other family businesses such as internal communication.
Once agreement has been reached on a set of common values, and the vision for the family group and the business has been established, they have to, of course, be communicated.
The global financial crisis has had an enormous impact on economies worldwide, with stock markets falling, financial institutions closing and increasing debt levels.
A family run business provides a more stable environment for long term goals.
Some family businesses make it much beyond the third generation. One of them, Mellerio dits Meller, is celebrating its 400th anniversary this year.
John Scott: Companies face a profound transformation. The economic uncertainty of a global market evolving at different rates, regulatory and market changes that run chasing the new economic and commercial realities.
Good governance in family business is not just about business governance; it's also about family governance...
Like it or not, there comes a time in all family businesses when tough decisions will need to be made regarding the ownership and control of the business.
KPMG held its first regional Middle East & South Asia Family Business Conference in November 2013 at the Jumeirah Emirates Towers Hotel in Dubai.
The President of the Institute of Family Business (IEF), José Manuel Entrecanales, and the chairman of KPMG in Spain, John M. Scott, recently signed a collaboration agreement with the aim of working together to support family businesses
Through the bi-annual Family Business survey, KPMG and FBA combine to offer a snapshot of the health of 'family business' in Australia. What emerges is that parallel planning is essential. It’s not an event; it’s a process.
Many family businesses are built on the assumption that the business will pass through the family ranks to the next generation or that two generations can work side by side, learning from and supporting each other.
Why then do experts say that it’s important to have non-family members in leadership positions or sitting on the board of a family-run organisation? What vital role can they play in ensuring good governance?
The need to formalise family business rules and implement a governance structure typically reaches an elevated status when the founder of the business relinquishes day-to-day control and the organisation transitions across generations.
In The European Family Business Barometer: Sustaining future growth, we announced the release of the Family Business Barometer, a collaboration between European Family Businesses (EFB) and KPMG.
European Family Businesses (EFB) and KPMG have joined forces to create a unique Barometer to measure the confidence levels of the members of European Family Businesses.
Implementing a Family Constitution needs to be approached sensitively and strategically, but many family companies are reluctant to address governance structures.
Thierry Mulliez shares his thoughts on governance in family business and how family businesses keep shareholders actively involved in the long-term.
Family businesses are a source of wealth for the economy. They generally have a long-term focus and demonstrate excellent resiliency in the face of economic crises, compared with traditional companies.
KPMG’s Global Family Business Centre of Excellence is excited to announce the launch of the KPMG Family Business Think Tank. Watch the video below, featuring Family Business leaders and KPMG partners sharing their thoughts.
Joshua Nacht and Peter Begalla were recently published in the Family Business Magazine, saying that family firms must learn to manage concurrency
If you own a family business, a succession plan might not be high on your priority list or you might think that you don’t need to worry about the future right now. However, as the old saying goes: those that fail to plan, plan to fail.
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.
There is much evidence to suggest that empowered, engaged employees generate more for their businesses. This is an important point in a time when the focus is heavily on productivity.
It’s a matter of family culture and involvement of those who will live with the new distribution of ownership. The consequences of a choice will span over generations.
“Thomas Sages looked stern and preoccupied upon his return from the funeral of his friend David’s wife, Laura. When David died a few years earlier, Thomas was very shocked by David’s death, and this new loss reopened the wound.
The KPMG SAGES Family Business Story is a series of fictional case studies based on the SAGES Family Business, the little grocery store that became an entrepreneurial success...
We recently introduced the KPMG SAGES Family Business Story – a series of fictional case studies based on the SAGES Family Business, a little grocery store that began in the 1950s and became a significant retail group.
A recent international survey found that 76% of small business owners don’t have a succession plan, 45% are still trying to determine what the plan would be, and the other 31% just haven’t got to it.
As a high net worth individual or wealthy family business owner, you face a distinct set of considerations for tax and wealth planning.
Speaking at the inauguration of this year’s Kerala Family Business Conclave in August 2013, Chairman and Managing Director of Kurlon Ltd, Kurlon Sudhakar Pai said that family-owned businesses form the backbone of the Indian economy.
Small and micro enterprises in Africa are mostly family-run, and play an important role in employment creation and economic development – a growing trend not only in Africa, but in other developing economies around the world.
It’s critical that leaders in family business pay attention to the priorities of both the family and the business, yet only 55% of the family businesses surveyed in KPMG in Australia’s and Family Business Australia’s 2013 Family Business Survey.
Few people enjoy conflict – whether it be some form of confrontation or even just voicing disagreement – but sometimes conflict can be the catalyst that brings longstanding issues to a head, and then they’re aired and actually dealt with, to be resolved.
Sustainability is a popular buzzword in current business circles. Every business owner with a long-term view of the future wants to know how to make their business last and succeed beyond their immediate contribution.
According to KPMG in Australia’s 2013 Family Business survey, 83% of respondents believe that being a family business has made a difference in coping with ongoing economic uncertainties.
It’s no secret that Australian family businesses are facing a tough economic environment.
In “Family Business Survival and the Role of Boards”, researchers explore the question of whether family firms are more likely to survive than non-family firms, focusing on the role of board composition.
Many family businesses are showing a strong interest in the field of Impact Investing and are leading the creation of the Impact Investing Industry.
Many family businesses are showing a strong interest in the field of impact investing.
Improving the information technology (IT) infrastructure of any family business is an important component of that business’s long-term success.
A recent report from KPMG in the Middle East revealed that 80% of companies surveyed would do things differently if they were to go through an IPO again, highlighting key challenges to be avoided by regional companies considering going public.
Many family businesses are built around the idea of preserving wealth for family members and their beneficiaries.
To ensure the continued growth of your family business, it’s important to invest in and manage its most important asset – your people, otherwise known as ‘human capital’.
KPMG is preparing for its first flagship event in the UAE, The MESA Family Business Conference set to take place on Saturday 2nd and Sunday 3rd November 2013 at Jumeirah Emirates Towers hotel in Dubai.
In A Big Conversation for the New Philanthropists, Aron Pervin describes the shift in philanthropy happening between the approach of the “old guard” and what he calls the “Millennial generation”.
A recent blog post by Edouard Thijssen – The importance of communication and education for long term family business success – provides some interesting information around the common saying, “Shirtsleeves to shirtsleeves in three generations”.
Most businesses are subjected to external audits at some stage – these form part of the legal requirements for running a business.
Financing your business is a challenge and there might be times when you’re in need of money to take the next big step or to enable you to make it through a quiet patch.
According to the 2013 Family Business Survey jointly undertaken by KPMG and Family Business Australia, Australian family business owners see themselves as more adaptable and resilient to market conditions.
Company X is a leading integrated private medical service provider in the UAE, offering primary, secondary, and tertiary care through three hospitals and seven medical centres (including ancillary support facilities and pharmacies).
I had the privilege of organizing an interactive one-day conference on entrepreneurship, hosted by KPMG in Bahrain supported by Tamkeen on the 27th of May 2013. The conference was led by Professor Filipe Santos from INSEAD.
Situated on important trade routes between Sicily and Libya, Malta has always maintained a position of strategic importance when it comes to business.
‘Working capital’ can be defined as the difference between your family business’ current assets and current liabilities. Current assets are the most liquid of your assets, namely your cash or anything that can be quickly converted to cash.
With organisational boards and stakeholders demanding increased transparency of organisational funds, it’s important for all businesses to have a clear financial management structure.
In Europe last year, more than 150 enterprises were almost shut down because no transfer plan or succession strategy was in place (essential for the continued success of any business).
Family Business is said to be the backbone of Asian economies, driving growth and private wealth creation for the region.
Working hard to get your family business off the ground? South Africa lays claim to a host of successful family businesses in varied fields, from retailing and mining, to fast food and health and wellness.
I was recently distracted midway through conversation over lunch with the former CEO of a Single Family Office (SFO) – we’ll call him Bill. Bill had remarked how lonely the role could be and that caused me to wonder, who mentors the family mentor?
Following on from the previous article, Hiring Professionals into a Family Business, we look at the rest of Raphael (Raffi) Amit’s interview with qq.com about lessons for family businesses in China.
Following on from the previous article, Family Control in Business, we look at the rest of Raphael (Raffi) Amit’s interview.
Following Raphael (Raffi) Amit’s speech in Shanghai to a group of entrepreneurs on the costs and benefits associated with a range of mechanisms used by families to maintain voting control of their firms, Amit answered questions from the audience.
According to Raphael (Raffi) Amit, Wharton management and entrepreneurship professor, when it comes to financing the growth of a family business, whether it’s through joint ventures, strategic partners or going public, there is no free lunch.
Raphael (Raffi) Amit, Wharton management and entrepreneurship professor, gave a lecture in November 2012 to a group of entrepreneurs in Shanghai on the costs and benefits associated with a range of family business control mechanisms.
KPMG Enterprise in Bermuda and the Bermuda Economic Development Corporation (BEDC) recently hosted a breakfast seminar sharing small business tips for business owners with questions about effectively managing their human resources.
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.
In a number of previous posts we have discussed how the philanthropic agenda of the family business may or may not translate across the generations.
With a growth in interest shown towards family business globally, there have been an increasing number of surveys looking at the attitudes towards, and current thinking surrounding family businesses.
Having your team work towards the same goals and objectives can be challenging for any business, but in a family business, aligning the complex interests of various parties is even more fraught with difficulty.
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.
As your family business has expanded from a small entrepreneurial start-up into a thriving enterprise, your thoughts are no doubt turning to leaving a legacy for future generations.
CampdenFB recently published an interactive infographic of family business in the Gulf Cooperation Council (GCC) countries.
A recent blog post by Karen D. Neal on the Family Business Wiki – 5 Ways Families Can Take the Enterprise View – discusses the critical transition that happens when a business and a family become a family business.
Family business founders are largely lauded for starting out with little, building great enterprises from the ground up, and leaving legacies from which the next generation benefits.
If one follows the media or attends business school, it looks like the recipe for success in the business world is dominated by large public companies, engaging in M&A strategies, outsourcing parts of the value chain.
We may like to think of them as separate entities, but family and business are inextricably linked. Like it or not, how different members of your family interact can help or hinder the family business.
As a small business owner, it’s important to take time to develop and implement a strategic plan – make this one of your regular business challenges and watch your business thrive as a result of your efforts.
Constitutions are not enforceable by law, but they create a moral obligation among family members as it relates to the business, helping to plan ahead and ensure divisive matters or issues are discussed before they happen.
KPMG firms are committed to working with and supporting family-owned businesses; they are an important part of the global economy and our business, so we are dedicated to understanding them in greater depth.
While hosting its general assembly in Vienna, European Family Businesses (EFB) announced an alliance with KPMG in the field of Family Business.
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.
Every business presents its owners and managers with daily challenges. A family business, in particular, presents unique risks that could cause your business to fail.
Running a family business can be a challenging task. While corporate governance can be a tough job, things can get even more tricky when the board of directors are your brothers, sisters, or cousins.
To better manage the success of your business, it’s important to understand the different stages of growth that your business will go through.
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.
Higher taxes – the result of government’s drive to combat the UK’s huge deficit – 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.
Assuming you wish to reap the rewards of years of hard work and get maximum value out of your business, it’s useful to know something about why exit strategies don’t always work out.
It’s tougher than many think for the wealthy to maintain their current lifestyle in the face of continuing global economic woes.
The reality is that strategic planning, at least when it’s stripped down to its essentials, is about unlocking a business’ growth potential and enhancing its survivability.
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.
A recent article by Attracta Mooney in Campden Magazine describes the current trend in family philanthropy of focusing on high-impact giving. Indeed, families are increasingly concerned about the impact of their philanthropic activities.
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.
In a recent feature article in the Family Business Magazine, Charlotte Lamp discusses the key governance documents of family businesses.
Cash is king, so they say. And for good reason. Without cash on hand, managing a family business can soon turn nightmarish – unpaid bills stack up, new assets can’t be bought to expand the business and, soon, you’re looking down the barrel of insolvency.
Monica Appelbe and Intuit recently produced an infographic on family business in the US. According to the U.S. Small Business Administration, 90% of the 21 million small businesses in the US are family-owned.
The Association for the Development of Family Business Madrid (ADEFAM) and KPMG in Spain have signed an agreement to promote the dynamism of family business in Madrid.
How much do you pay attention to what’s going on in the wider economic environment? With the day-to-day minutiae of running a business, it’s easy to forget that you’re part of a larger system and that changes in that system will impact on you.
While you’re still building your empire, thinking about how you might disconnect from and cash in on the family business one day probably doesn’t top your to-do list...
All businesses impact on the people and the environment around them. Previously, we discussed how the traditional bottom line often at the cost of all else, has expanded into the triple bottom line...
There’s one thing that’s constant in this world – change. As the years pass, and your family matures and relationships become more complex, different demands will be leveraged on your family foundation...
Many family business owners look to reap the rewards of their efforts over the years. There are a myriad of exit strategies that need to be considered …
Family foundations may be privately funded by family money; but that doesn’t mean that they can do as they please. In fact, foundations have responsibilities and are accountable for their actions – it’s all part of good governance.
Nobody said business was going to be easy. Unfortunately, every business faces challenges, or risks. Whilst business risks can never be entirely eliminated, being aware of what these risks are and where they come from can help you.
Craig Steven-Jennings was recently featured on the 35th edition of the Invest Africa series, joining in on a panel discussion looking at how family businesses retain longevity across generations.
Le Monde recently published an insightful article on Family Business succession in France. According to Jesus Casado, in Europe, a family business has a very small likelihood of existing in the same form two generations later.
For many families, philanthropy is a core family value. Empowering different generations and branches of the family to play a greater role in furthering the family’s charitable activities.
CampdenFB recently took a look at some of the leading French family businesses in an interactive infographic. According to CampdenFB, as many as 80% of all companies in the country are family controlled …
In days gone by, philanthropy simply meant giving money away to chosen charity foundations or trusts, for them to use it as they saw fit...
Jack Sim is a successful businessman who left his business to become the worldwide voice for sanitation, fighting for the dignity, rights, and health of the vulnerable and poor through the World Toilet Organization …
We talked about how drawing younger generation in required a carefully thought-out and well-implemented plan and how the older and younger generations might work together, given the differences which are a part and parcel of the generation gap.
Is the family business setting conducive or not to entrepreneurship? Researchers are divided about this question …
Philanthropy can be an intensely personal experience for a family business. Consider your own relationship with charitable giving – your philanthropic legacy activities have, no doubt, been driven by causes close to your heart.
Family Businesses and Family Foundations throughout the world are increasingly interested in the areas of social entrepreneurship and impact investing. What is the appeal of these areas and how best can family businesses engage in them?
The 2012 Barometer of Social Entrepreneurship looks at passionate social entrepreneurs like Jamie Hartzell, one of the UK’s leading social entrepreneurs, and an investor in a wide range of social businesses …
Technological prowess no longer equates with business success. Large companies often fail to spot and capture the new wave of innovation …
Family businesses are the backbone of the Dutch economy and it’s for this reason that the first Familiebedrijven Awards in the Netherlands were initiated.
Modern capitalism has brought new material progress, extraordinary technological innovations, exceptional scientific discoveries, and significant educational and social progress. But social enterprises ...
Philanthropy is an excellent way for the next-generation family members to learn the skills they’ll need to be successful stewards of the family legacy when their turn comes around. This is where the charitable planning process comes in ...
Global poverty has become an urban phenomenon, but this segment cannot be catered to by philanthropy or social responsibility-based initiatives. What it needs is a focused business strategy-driven, fully market-based, intervention …
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...
Faustine Delasalle is a part of Convergences 2015, the platform for thought in Europe that aims to build new convergences between public, private, and solidarity-based actors to promote the Millennium Development Goals
In 2011, KPMG in Australia published the Family Business Survey, Stewards: Moving Forward, Moving Onward. The study explored a cross section of 658 family enterprises across Australia, most of whom believed in the need to innovate.
Nicolas Hazard is Vice-Chairman of Groupe SOS, a leading social enterprise, and Chairman of Le Comptoir de l’Innovation, an investment and consulting company for businesses
Filipino social entrepreneur Antonio Meloto, Chairman and Founder of Gawad Kalinga*, was in Davos in January 2012 to attend the World Economic Forum, which gathered social entrepreneurs from the North and from the South
A March 2012 article by Julius Giarmarco, published in the Journal of Financial Service Professionals, divides business succession planning into three main issues: management succession, ownership succession, and transfer taxes.
Implementing an effective succession plan in family business is hard. As per Family Business Institute, only 30% of family businesses are able to do a successful transition to second generation and only 12% achieve the transition to third generation.
As a successful family business owner, being able to provide the very best for your children is a real privilege, especially if you yourself have overcome humble beginnings.
By now, you’re convinced about the need for, and benefits of, a family business constitution. But what about the rest of the family?
We’ve previously discussed the three components of a family business – the family constitution, family assembly, and family meetings – why they’re important and how they interact with the key governing bodies of the family business.
In the past, we’ve talked about the three components of a family business, which are the family constitution, the family assembly, and the family council.
In this joint interview from the 2012 Barometer of Social Entrepreneurship, Michel Barnier, the European Commissioner for Internal Market & Services and Andris Piebalgs, the European Commissioner for Development, discuss social entrepreneurship in Europe.
“Family Business Social entrepreneurs have demonstrated their capacity to find efficient and innovative solutions to a wide range of environmental, social, and economic problems in both developed and developing countries."
Family business governance penetrates just about every nook and cranny of the Australian economy. They drive innovation and employment. Their resiliency and adaptability make them a buffer against economic shocks and dislocations.
Due to the scale of the economic, social and environmental challenges facing your family business, initiatives to develop different economic activities to benefit both individuals and society as a whole are growing in number.
Chronic disorganisation causes unnecessary problems for family business, reports Triangle Business Journal.
What does it mean to be the heir of a family business? Is it your personal fiefdom, to use as you see fit; or is it a legacy of which you are assigned.
When you join the family business, people will most likely already have formed opinions about you – you may be labelled Joe Soap’s...
Looking forward to a comfortable job in the family business? It might be tempting to rest on your laurels and cruise through life, but that’s not going to earn the respect of your co-workers, or ensure the continued success of the family enterprise.
Do you work in your family business? Perhaps you thought it would be easier to succeed and progress in the family firm, than it would be...
Recently, we talked about how important it is to implement replacement planning in your family business. So you should have skilled...
You might think that succession planning in a family business is straightforward enough. After all, the eldest child automatically...
Taking the Gap with Simon Brown is a weekly podcast for small business, helping entrepreneurs to grow and succeed – making family business..
It’s vital for every family business to have an official succession plan in place.
Hume thought that good governance came from a constitution with enough checks and balances to stop bad people ruining things. That seems like the definition of a good family business.
The challenge when it comes to talent management within a family business is that family component – what family members or the owner...
Drawing from my experience with hundreds of social entrepreneurs and family business, I presented at the conference a framework
Succession planning has the overall goal of providing your family business with right leadership at the right
Family business lose direction when focusing solely on financial capital, and find themselves ignoring another key resource: human capital.
The thought of having to relinquish control after having worked hard for a family business is pushed to the back of the mind
The principal weakness in many businesses’ strategic thinking is a lack of following a strategic plan for succession; family businesses are no different.
The Family Business Matters Magazine 2012 Edition, brought to you by the KPMG Enterprise™ Centre for Family Business, shares with us the...
KPMG Enterprise™ shared recent findings on planning for the future of the family business. Almost half of Canada's family businesses...
Owners of a family business often operate and manage their companies on instinct and personal experience, which may leave...
For a family business to grow and enjoy enduring success, it needs to continually analyse and monitor the current state of the business...
Do family business owners care more about the survival of the family-controlled firm across generations or about the health of their family?
There are also a number of other unforeseen predicaments that arise every so often from the sales of family business. For example.
It's about the structures, frameworks, controls, accountabilities and responsibilities that together help a family business meet its strategic objectives and manage risks.
In the recent Succeeding in a Changing World Family Business survey, it was revealed that nearly 80 percent of respondents are looking to bring non-family executives and non-executive directors into the business in order to retain their competitive edge.
In a start-up or family business, everybody does everything. But this is where a lot of conflicts occur. Sherman Titens, author of.
The following model represents KPMG’s established Family Business Governance methodology, which helps to create and govern a family.
Goltz’s insight into the future of his business raises a lot of questions for family business owners. Why is a succession plan necessary?
Jeffrey Braverman’s decision to abandon his investment banking career to return to his family business, was, I thought it was a great...
The Spring 2012 report of Pictet & Cie, the Swiss Private Bank, included two interesting articles on succession in the family business.
Why is communication one of the biggest stumbling blocks in family business? Surely families should communicate better, not worse.
Governance is extremely useful when there are major events in the family business history. That might be succession,retirement, divorce.
Imagine that a business leader is agonizing about an important decision for the future of their family business.
When the family business has a desire to grow, it’s inevitable that the structure will become more complex, with harder decisions to make.
Family members in business tend to demonstrate a greater sense of loyalty to each other and to the family business.
Anything can cause conflict in a family business. From the pay and ownership structure within the business, to simple choices.
Running a family business is a juggling act. The family permeates the management and the ownership of the business.
Many people (and many family businesses even) are under the impression that governance in family business is a contradiction in terms.
It's a little known fact that many well known public companies started out as a family business.
We at KPMG wanted to create a way to share experiences and start a conversation around family business. We want to share our insight...
We know that being a part of a family business can often be a lonely place, with unique challenges, and we at KPMG wanted to create a way to share experiences and start a conversation around family business.
View KPMG Family Business leaders around the world.