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 …
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 …
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. …
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 …
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 …
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, …
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 …
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 …
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 …
Exceptional families understand that crafting a successful strategy is only the beginning. Measuring progress is crucial to ensure that the strategy remains effective and that goals are being met. The Family Council Canvas, our …