Family Business Consulting

Nurturing Competence: The Key to Successful Family Business Ownership

Ownership of a family business entails the responsibility of guardianship over a legacy, in addition to that of a stakeholder or shareholder. A competent owner is one who not only understands the nuances of business operations but also has the foresight to navigate the challenges unique to family businesses. Here, we will define a competent …

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Family Members’ Evolution: From Provider to Provisioner to Partner to Patron

Family companies are distinguished by the integration of personal and professional connections inside the organisation. As the firm grows and develops, family members progressively take on different jobs within it. We explore how family members’ roles in a family business evolve, beginning with the role of Provider in the early stages, progressing to the role …

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Successor in a Family Business

Eldest or Ablest: Choosing a Successor in a Family Business

Choosing a successor in a family business is a difficult and sometimes emotional decision. Should it be the eldest kid, who has historically assumed leadership, or the most capable and qualified individual, independent of birth order? This age-old quandary continues to afflict family-owned businesses, and the consequences of making the incorrect option or postponing the …

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Are you forcing the Rising Generation into your Family Business?

Family businesses embody the values of hard work, dedication, and the desire to pass on a legacy to the next generation. However, the question that often arises in the context of family businesses is whether the younger generation is being ‘force-fitted’ into the family enterprise. We explore the concept of force fitting, its implications, and …

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Balancing Growth, Liquidity, and Control

Balancing Growth, Liquidity, and Control

Family companies, frequently founded on shared values and family legacies, confront a complicated web of difficulties and possibilities. How to handle the delicate balance between three major factors—growth, liquidity, and control—is one of the most crucial decisions these firms must make. These factors are interdependent, yet managing them successfully needs an awareness of the inherent …

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Vulnerability: A Quality of Authentic Leader

Vulnerability is a feature that frequently provokes conflicting emotions in the field of leadership. Vulnerability, which is sometimes misinterpreted as weakness or fragility, is an essential component of real leadership. The idea of vulnerability may appear counterintuitive in a society where leaders are typically viewed as indestructible and uncompromising. A closer investigation indicates, however, that …

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Does your family business require Owners Strategy?

In a family business, owner strategy refers to a deliberate and complete plan of action developed by the business owners to guide their decisions, activities, and priorities linked to the ownership and administration of the organisation. It tackles a wide variety of challenges specific to family companies, such as succession planning, governance, family relations, asset …

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