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Estate and Wealth Planning for Family Enterprises: Reality — not myth — as the proper starting point
Finance / Governance / Wealth Management

Estate and Wealth Planning for Family Enterprises: Reality — not myth — as the proper starting point

The 2015 FFI Global Conference theme of “myths and realities” provides an excellent opportunity to focus attention on how best to advise family enterprises for the long-term success of the family and the enterprise. There are many myths to be found in the family enterprise field. In my experience, the ones that have the greatest … Continue reading

Will the Real ‘Wealth’ Please Stand Up!
Finance / Governance / Wealth Management

Will the Real ‘Wealth’ Please Stand Up!

Wealth. It’s a cornerstone word in the family business vocabulary. But is its use on point? Or are we simply promulgating a gargantuan myth that feeds an entire industry and fuels family business owners’ constant quest for a lasting legacy? As recent offerings in FFI’s publication The Practitioner suggest, the answers to these questions are … Continue reading

Myths and Realities: Past, Present and Future
Advising / Consulting / Family Enterprise / Finance

Myths and Realities: Past, Present and Future

This is the second issue in the April series on “Myths and Realities in Family Enterprise.” Go here for “Should There Be Such a Thing as High Growth Family Firms” by Alan Carsrud and Malin Brännback of Abo Akademi University in Finland. Go here for “Lego: From bankruptcy to “everything is awesome” by Boris Matijas … Continue reading

Should There Be Such a Thing as a High Growth Family Firm?
Advising / Consulting / Family Enterprise / Finance

Should There Be Such a Thing as a High Growth Family Firm?

Growth vs. Profitability High growth strategies are a myth and a recipe for reduced profitability. In “Understanding the Myth of High Growth Firms, The Theory of the Greater Fool” we demonstrate that the creation of profitable and sustainable ventures cannot result from fostering high growth. Such growth (often ill defined) is the agenda of investors, … Continue reading

Lego: From bankruptcy to “everything is awesome”
Advising / Consulting / Family Enterprise / Finance

Lego: From bankruptcy to “everything is awesome”

“Everything is awesome Everything is cool when you’re part of a team Everything is awesome when we’re living our dream” A colorful crowd, wearing different superhero masks, was joyfully singing the Lego movie main theme. It was one of the highlights of this year’s Oscar ceremony. A few weeks later, Lego published its annual earnings … Continue reading

Myths and Realities: Past, Present and Future
Advising / Consulting / Family Business / Wealth Management

Myths and Realities: Past, Present and Future

This is the first in a five-week series on “past, present and future” – exploring myths and realities in family enterprise. This theme on myths and realities is also the theme of the FFI annual global conference in London in October. Thanks to the April issue editors Kirby Rosplock, Harvey Taraday and Jamie Weiner and … Continue reading