Managing Family Business Succession: A six step process
Latest Thinking in the Field / Succession

Managing Family Business Succession: A six step process

For families in business nothing is more challenging than succession. Part of the problem is that succession is a multi-disciplinary task, involves multiple stakeholders, and is a once-in-a-lifetime challenge for most entrepreneurs. So, where to start when dealing with succession? Here is an attempt towards filling this gap – a six step process for practitioners … Continue reading

Selling the Family Business? Set up a Family Office First!
Family Office / Latest Thinking in the Field

Selling the Family Business? Set up a Family Office First!

Most businesses are cash guzzlers. They have liquidity cycles which usually define the remuneration structure — the way a family spends and lives its life. And families managing such businesses usually funnel all liquidity into them. After all, the business needs it (which to most family business owners takes precedence over other needs), and the … Continue reading

The Power of Effective Peer Groups
Latest Thinking in the Field

The Power of Effective Peer Groups

Family members in a family enterprise are often isolated, having learned early on that to share stories of their business and family can end up hurting the business and all involved. Family business-focused peer groups offer a welcome reprieve from this isolation. They normalize the individual’s experiences and provide opportunities to share with and learn … Continue reading

Long Term Incentive Programs (LTIPs) and Family-Owned Business
Latest Thinking in the Field

Long Term Incentive Programs (LTIPs) and Family-Owned Business

When a family-owned business needs to recruit a non-family CEO or COO, a well-structured Long Term Incentive Program (LTIP) is essential in attracting an outstanding candidate. However, LTIPs can make some family business owners uncomfortable. Few families want to give up true ownership, even when they realize that non-family leadership is important for the health … Continue reading

Keep the Creativity and Innovation Plugged In!
FFI Global Conference / Latest Thinking in the Field

Keep the Creativity and Innovation Plugged In!

Thanks to this week’s author Asher Noor for the concluding piece in the May series on Family Business: Electrifying! Congratulations to all the May authors and those interviewed in this series. The next series of articles related to the October global conference will appear in September. Meanwhile, stand by for the blogs, articles, précis and … Continue reading

Family Business: Electrifying (Part 4)
FFI Global Conference / Latest Thinking in the Field

Family Business: Electrifying (Part 4)

“Pain” and “Innovation” are the topics for this week’s Practitioner. Are they at odds with each other conceptually or do they enable more successful outcomes for family enterprise clients? See what you think — and thanks to the authors and to Lanie Jordan, whose introduction for Week 4 of the Special Issue on “Manage the … Continue reading