Articles


Sr no. Title Description
1 Preparing the family for a 'non-family CEO'

During my consultations, family business owners (FBOs) often speak to me about non-family CEOs in the business. When I look back at all such conversations, there are some common threads across all. These include the following thoughts expressed in a variety o...

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2 How world's oldest family businesses have survived for centuries

Family values form the core of any family. In a business family, the values of the family become intertwined with the business of the family. Studies have shown that these values are the foundation of a successful family business. In fact, the common thread t...

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3 Dealing with Unwilling Inheritors

The transition from one generation to the next is a delicate time for family businesses. Studies from across the world have highlighted the fact that more than 70 per cent of all family businesses fail to transit into the second generation. Of the ones that d...

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4 Conflict and the Families in Business

Family and conflict within a family is a fact of life. Conflict within a non - business family impacts only the members of the family but in a business family conflict impacts the life of people even outside the family. A collection of individuals is most lik...

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5 Anger in the family business

In a family business, the success and longevity of the business depends on the fucntional and healthy bonds between the family members. When anger is part of a family's tradition, it carries forward to the future generations, too. The wider the spread, the mo...

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6 Brand your Family Business and focus on the logo

A growing body of research shows that stakeholders in nearly every corner of the world, and in particular customers, feel more confident about buying from a family owned company, as compared to a publicly owned, non-family firm. In order to differentiate them...

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7 Can the trusted family advisors help in planning Succession for Family Businesses

Succession planning can be a difficult exercise for any organization, but in a family office environment, where emotions run high and competing priorities are prevalent, the process is especially challenging. With a wide variety of issues on hand to deal with...

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8 Compensation policy for family members in Family Business

Family businesses are notorious for confusing the business and family systems. Like all companies, they are concerned about profit but in addition, its owners must deal with complex interpersonal family relationships that they must balance with the interests ...

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9 Dealing with International cultures in Family Business

In today’s turbulent times, family firms lead a tenuous existence. Few are able to survive beyond the first generation. The reasons for the demise of these firms include poor economic conditions, lack of capital and resources, and incompetent management. Howe...

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10 Develop Next-Gen Leaders in the Family Business

Family businesses constitute between 80 and 98% of all businesses in the world's free economies, however, only 30% of such businesses make it to the third generation. Lack of a shared vision and weak next-generation leadership are the main threats to long-ter...

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11 Establish an effective Board for growing Family Business

Great family businesses are built on strategy, vision, values, and execution; but family businesses that endure across generations have an additional edge: governance. Thus, an increasing number of family businesses have started to lay emphasis on establishin...

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12 Find the right buyer when selling the Family Business

One of the most overlooked aspects of selling a business is identifying the right buyer. Some owners never give it much thought, but they should. Finding the right buyer is absolutely fundamental to an exit strategy.

Once you've decided on the appropr...

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13 How do Private Equity firms value Family Businesses

Most family businesses are managed by the founder or family members through a fairly informal structure, which makes it hard to attract quality external professionals. Whilst such a setup is advantageous in the early stages of a company’s development, many fa...

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14 How to ensure that the family business survives the next generation

Succession planning requires a comprehensive understanding of the needs of the business and also correctly evaluating leadership roles. It is never too early to start planning for the succession. In fact the sooner it is done, the better it is for the busines...

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15 How to prepare the next generation to inherit wealth

A family business can be a great source of wealth and personal fulfilment. However, the parents and grandparents don’t pass the knowledge and tools needed by the younger generation to successfully manage their inheritances. Not communicating with the next gen...

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16 Maximize your Family Business Valuation

Getting the business valuation right can make a big difference to the seller’s future. For most owners, the decision of when and how to exit their business is based around the price that can be achieved on exit. If one doesn’t know the current value of their ...

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17 Owners versus executives - how to get the best of them

Keeping family business owners and executives on the same page can be an even more challenging, complex and intense task. Family owned businesses have unique characteristics that give them a competitive advantage over other private firms. They have a long ter...

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18 Paternalistic leadership in the family business- Is it time to change

Paternalistic leadership in a family business involves a male, dominant figure who takes charge of the operations and the employees of the organization. The other members of the family expected to adhere to the leader’s vision and authority. This sort of a le...

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19 Selecting Advisory Board Members for Family Business

Family businesses use advisory boards as a means for the family to go beyond its inner circle and tap into more diverse experience and expertise. Thus, many successful family business owners consider having an advisory board of directors an essential tool con...

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20 Should the son-in-law join the family business?

In-laws can either be a tremendous new asset to the family or have a negative influence on the values of the business. Although in-laws may be warmly welcomed into a family, they hold a tentative position in the family business, and may not be given the same ...

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21 To sell or not to sell the Family Business: That is the question

Family businesses represent the aspirations, achievements, and struggles of one or more generations of a family. They can also be a stabilizing force and a reward to the families who own them, employees who work for them and the communities where they reside....

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22 Use a mediator for Family Business Disputes

In a family business conflict, relationships are embedded in a system of family dynamics and a business system. It is impossible to separate the two components: familial relationships and business relationships. Unfortunately, disputes—and the need for confli...

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23 Attracting and Retaining non-family employees in a Family Business

Few would argue that the ability of a business to attract ‘top talent’ will, to a large extent, dictate how successful the business will be in the longer term. A big challenge for a family business is getting non-family employees joining the family firm. Busi...

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24 Can a family member be fired from the family business?

One of the biggest challenges in a family-owned business is firing an underperforming family member. Although a complex process, running a successful family business means recognizing a responsibility to the business and all of the employees of the business. ...

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25 Dress for a Business Meeting - some tips for the Family Business Owners

Developing an effective dress code in today's workplace is often a daunting task for small, large, and even family businesses. Whether we like it or not, the way we dress and present ourselves, defines how we are perceived by others. That’s why it’s necessary...

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26 Preparing the Family for Succession and Change of Guard

Mentoring and developing the next generation of successors and leaders is crucial to the success of family businesses. It is imperative to have clear succession plans for operations, growth and the long-term success of family businesses. Unfortunately, less t...

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27 How to Choose the Best Non-Family CEO

One of the most difficult decisions any family business makes is whether or not to bring in an outside CEO. It’s a question all family businesses will eventually face. Many will come to the realisation that they need a non-family member with specific experien...

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