Past Performance Is No Indication of Future Returns
Succession

Past Performance Is No Indication of Future Returns

This is a simple adage, which, despite its universal application, is identified more with the mutual fund industry than with general philosophical statements. Its applicability to business provides food for thought especially since most entrepreneurs prepare for succession while looking in the rearview mirror and aim only to pass on the business they have created. … Continue reading

How Are MENA Family Businesses Creating Their Legacies
Succession

How Are MENA Family Businesses Creating Their Legacies

Managing any business involves many challenges. But managing a family business brings with it a unique set of challenges, many due to the close emotional relationships involved. In the Middle East, where relationships and family are very important, managing these challenges becomes crucial. One of the most difficult issues for a family business owner to … Continue reading

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

Short Circuiting in Succession Planning
FFI Global Conference / Issues in the Family Enterprise / Succession

Short Circuiting in Succession Planning

Practitioners and family enterprise clients short circuit all the time in succession planning. That doesn’t mean that the advisor/client relationship breaks down – although sometimes sparks do fly. For present purposes, short circuiting can look and feel like a complete stand still; nothing moves forward. This inertia is frustrating for both sides. Why does this … Continue reading

Live Wires in the Family Enterprise
FFI Global Conference / Issues in the Family Enterprise / Succession

Live Wires in the Family Enterprise

As family advisors, we know the drill. We are called to the scene and get down to investigating what happened. There is smoke and despair in the air. Porcelain has been shattered. Family members are fuming between accusations and counter accusations. With most families, the common denominator is that family advisors are called in — … Continue reading

Family Business: Electrifying (Part 2)
FFI Global Conference / Issues in the Family Enterprise / Succession

Family Business: Electrifying (Part 2)

Welcome to the second week of the Special Issue series based on the 2017 conference theme! Thanks to the authors and the co-chair of The Practitioner Editorial Committee, Lanie Jordan, for her introduction below. Yours in Practice, The Practitioner Dear Colleagues, This is the second of the May five-part series on Family Business: Electrifying! Special … Continue reading

Succession: The multiple considerations of holistic planning
Succession

Succession: The multiple considerations of holistic planning

Some topics are always current, succession and transition being among them. Thanks to this week’s author, Glenn Murray, for addressing the topic from a holistic approach. This is one of those articles that can be helpful to clients who are beginning succession/transition conversations. Yours in Practice, The Practitioner Succession: The multiple considerations of holistic planning … Continue reading