Philanthropy and Family Success
Philanthropy is a meaningful way for families to create a lasting impact. It provides an avenue to give back to society, reflect on core values, and build a legacy rooted in care and responsibility. …
Guiding Family Enterprises to Success Through Trusted Advice
Family enterprises face unique challenges at the intersection of personal relationships and business objectives. In these enterprises, trusted advisors—especially Most Trusted Advisors (MTAs)—play a crucial role in navigating complex dynamics, from governance and succession …
Building Stronger Family Enterprises by Aligning Goals
Family enterprises, with their unique blend of personal and business dynamics, benefit immensely from setting shared family goals. Clear goals help align family members’ interests, prevent wealth fragmentation, and create transgenerational value. Involving all …
The Danger of Wealth Fragmentation in Family Enterprises
Wealth fragmentation poses significant risks for multigenerational family enterprises. As family wealth is passed down to successive generations, the number of individuals sharing that wealth increases, leading to the potential dilution of financial resources. …
A Resource-Based Approach to Sustainable Family Enterprise Success
Family enterprises possess a broad range of resources that go beyond financial capital. These resources encompass intangible assets such as the education of family members, networks of influence, and deeply ingrained family values. The …
How Exceptional Families Plan Their Future
For exceptional families, planning for the future is not solely centered on anticipating financial success, but on the perseverance of their legacy, fostering resilience, and ensuring continuity for the coming generations. Family businesses face …
Beyond the Myth of Family Enterprise Failure
The saying “wealth never survives three generations” has long shaped discussions around family businesses. Often referred to as the "30-13-3 rule," it suggests that only 30% of family businesses survive into the second generation, …
How Exceptional Families Evaluate and Enhance Their Present
Assessing the present is a critical step for exceptional families who aim to sustain long-term success. By focusing on current challenges, supporting family members, and celebrating achievements, families can ensure they remain aligned with …
How Exceptional Families Create Successful Strategies: Reflecting on the Past
In family businesses, the past is not just a collection of memories but a rich resource that, when strategically utilised, can provide a competitive edge and a strong foundation for future growth. Exceptional families …
The Role of Advisors in Exceptional Family Strategies
Exceptional families understand that having the right advisors can significantly enhance their ability to achieve long-term success. Advisors who possess the right capabilities and the necessary overview can guide family businesses through the complexities …