The next century of family enterprise wont look like the last
The world is changing. Family enterprises must evolve with it, balancing legacy, innovation and the opportunities of what comes next.
The questions families rarely ask out loud.
Family enterprise, wealth and succession create opportunities unlike any other environment.
They also bring challenges that are often deeply personal and difficult to discuss.
These are some of the conversations we encounter most often.
For Families & Enterprises
1.
How do we get the next generation interested In the enterprise without putting pressure on them?
2.
We're concerned the next generation won't be able to handle the responsibility handed to them. How do we develop them?
3.
We know we need to set clear boundaries & expectations between the next generation, the enterprise & the family — but don't know where to start.
4.
The world is moving so fast. How do we innovate & stay ahead in the future while protecting the legacy & past?
We have entrepreneurial next-gens who want investment & support. How do we best manage this — and how could we benefit from it?
5.
6.
We need to remain innovative in the future. How do we get ideas & talent from the next generation without causing too much friction with the current family & enterprise?
7.
How do we know if next-generation members are ready, willing & capable of running / managing the business?
8.
What's the future of family enterprise? The next century of family enterprise won't look like the last. How do we protect our future?
For The Next Generation
1.
I've been born into this extremely successful family enterprise, but I need to find my own identity & path. How do I do this?
2.
I'm very innovative & want to create my own business, separate from my family but I also want my family legacy preserved. How do I do that?
I've heard stories of family fall-outs in the past. How do I prevent that in my generation?
3.
Should I join the family enterprise? How will I be able to answer this & not disappoint my parents?
4.
5.
I have new ideas and want to help modernise elements of the family enterprise to protect it for the future but I'm scared of clashing with the senior generation & leaders of the business.
6.
I'm scared of having to preserve what's been created & built by others. What if I destroy it?
I worry that anything I do will fall short of my parents' and grandparents' success. What do I need to do to develop myself?
7.
8.
I want to create my own business. How do I do this? And what support do I need?
For Advisors
1.
The next generation want to move the enterprise forward, but the senior generation won't let go.
2.
The family enterprise has been successful for generations, but it risks doing things the same way & being left behind.
3.
What services should a family office / advisor offer for the next generation? How do I do this?
4.
The senior generation are worried the next-gens aren't interested. What can I do to help?
5.
The family have a very entrepreneurial next-gen. How do we integrate them into the family enterprise ecosystem and still give them autonomy?
6.
How do I protect the family/enterprise as it evolves? How does the next generation take over?
7.
What if the family are reluctant to have the succession conversations with the next generation?
We want to introduce development, support, but don't want to close doors too early.
8.
[ B y I n t r o d u c t i o n ]
A private conversation.
If you are navigating leadership transition, succession, or the future of your family enterprise, we would be pleased to speak with you.