Profile cover photo
Profile photo
Family Firm Institute
21 followers -
The association of choice for family enterprise professionals
The association of choice for family enterprise professionals

21 followers
About
Posts

Post has attachment
In this week’s article, Lisa Niemeier examines how families of wealth can continue to prosper over multiple generations. Using the power and energy of different generations, families can create flexible and renewable systems to use currently and for the future. https://ffipractitioner.org/2017/09/20/the-generational-maze-the-power-grid-for-procreant-wealth/

Post has attachment
This week’s article by Cathy Carroll and Margaret Wilson, called “The Experience of Succession: Re-Wired” examines how practitioners can be helpful when working with leaders and business families as they navigate succession. Using adult development theory, the authors suggest a customized approach to anticipate the challenges unique to family enterprise clients.
https://ffipractitioner.org/2017/09/13/the-experience-of-succession-re-wired/

Post has attachment

Post has attachment
FFI’s journal, Family Business Review (FBR), is a refereed journal published quarterly since 1988. A scholarly publication devoted exclusively to exploration of the dynamics of family-controlled enterprise, including firms ranging in size from the very large to the relatively small, FBR is focused not only on the entrepreneurial founding generation, but also on family enterprises in the 2nd and 3rd generations and beyond, including some of the world’s oldest companies. In addition, the journal publishes multidisciplinary research on families of wealth and the family office. https://ffipractitioner.org/2017/08/02/family-business-review-fbr-by-the-numbers/

Post has attachment
Family offices have been following wealth. Historically, in Europe, private banking addressed most family issues. In the US, that concept followed the Titanic and did not cross the Atlantic that well. Whilst wealth was being created, the US private banking industry was not completely tuned in and may have lacked some hindsight. It seems to have focused on the more affluent and more profitable, rather than the most prominent families. The unattended services pushed wealthy families to create their own structures. As wealth grew in the US, the family centric solution became a reference.
https://ffipractitioner.org/2017/07/26/single-family-office-finesse/

Post has attachment
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 consider is the succession of the business and the long-term success of the company.
https://ffipractitioner.org/2017/07/19/how-are-mena-family-businesses-creating-their-legacies/

Post has attachment
The Practitioner hopes you’ve been enjoying this year’s Wednesday editions of blogs, articles, podcasts and interviews with and by your colleagues around the world. At the end of March we published the most read articles in Q1. Today we recap the most popular of the 20 offerings between April and June.
https://ffipractitioner.org/2017/07/12/most-read-in-q2/

Post has attachment
Don't miss the upcoming FFI Global Conference, Chicago Hilton-October 25-28. This year's them is ELECTRIFYING! Register for the conference and gala awards ceremony which will be held at the Art Institute of Chicago. Reserve your spot today!
http://www.ffi.org/?page=globalconference

Post has attachment
So, where to start when dealing with succession? Here is an attempt towards filling this gap – a six step process for practitioners to consider when developing a succession plan for a small to mid-sized firm.
https://ffipractitioner.org/2017/07/05/managing-family-business-succession-a-six-step-process/

Post has attachment
Most businesses are cash guzzlers. They have liquidity cycles which usually define the remuneration structure — the way a family spends and lives its life. Result? Families managing growth ventures don’t develop a considered approach or competencies in managing excess liquidity. To illustrate this look at two cases of families that had an exit from the family business. http://bit.ly/2tobnZT
Wait while more posts are being loaded