Advice For Family Business Owners
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Fostering Entrepreneurship
7th August 2019
Risk-taking balanced with stewardship can underpin competitiveness. How do you promote a culture that fosters entrepreneurship and innovation? How do you develop adaptability, balancing the past and future, to support growth and renewal?
Employing Advisers
5th August 2019
This guide explores considering when to appoint a family business adviser, defining a project brief to address the family’s needs, recruiting advisers, ensuring family buy-in, and maximising the outcomes in terms of learnings and practical recommendations.
Enhancing Communication with the Board
31st July 2019
This guide helps you structuring dialogue between owners and the board, establishing role clarity over areas where the owners have final control, and promoting a culture where messaging is consistent and supported by defined channels of communication.
Why ‘Profit-With-a-Purpose’ is Becoming the New Norm
30th July 2019
In this guest blog, George Dobbins (Beaumont Bailey) tells us what is to be gained from embracing the concept of 'purpose with a profit'.
Professionalising the Board
29th July 2019
How do you build a balanced family business board including owner representatives, with criteria for their appointment, non-family talent and independent directors? And how do you organise the board to establish a collaborative working culture?
Strengthening Family Communication
24th July 2019
Communication is critical, particularly as time passes, putting a premium on developing shared purpose. Drawing up a family strategic plan including family meetings, setting agendas and using external facilitation where appropriate.
Fostering Responsible Ownership
22nd July 2019
Owners don’t necessarily manage the business but they carry many other responsibilities. Recognising the different perspectives of “insider” and “outsider” shareholders. Developing a responsible ownership culture while enabling exits.
Managing Differences
17th July 2019
This Family Business Challenges Guide provides insights on recognising the natural risk of conflict and highlighting its common causes. Identifying foreseeable challenges and creating a family business conflict prevention environment, including strategies for managing the associated risks.