Starting with a clean piece of paper
It is likely that every business is now feeling in a state of flux – whether you are struggling to keep the business going and to re-invent yourselves, or you have a company that is booming but you’re trying to…
Freetime Catering – The Boathouse – Video Case Study
Nigel Cousens, MD of our long standing family business client talks about his restaurant and bar that is situated by the lovely sandy beach and dunes at Dawlish Warren:
Becoming part of your family business
A family business can be anything – from a husband and wife team working from their kitchen table, all the way through to a multi-million turnover company with 3 generations working in the business - and everything in-between. Sometimes there…
Protecting your family business for years to come
What happens to the business when we’re gone? Moreover, what happens to the business if anyone intrinsic to its success is absent? These are things you can consider, things you should consider. Often (and a lot more commonly than you…
Business Matters: What is your family business worth?
For family owned businesses, the value of the business can be far more than just adding up the financial value of the assets it owns and operates. Legacy, status, purpose and identity are often highlighted as key elements of worth.…
Emotion, loyalty, money – a potent mix for family business disputes
Unlike other business structures, family businesses have their own dynamic at work which incorporates a raft of cherished shared values and aspirations as well as potential sources of conflict as the complexity of family relationships impact on decision-making and long…
BUSINESS MATTERS: – BARRIERS TO GROWTH
In this blog we look at overcoming barriers to growth and agreeing strategies that every member of the family can sign up to. The continued health and wealth of a family business is embedded in forward planning, anticipating risks to…
Choosing a successor from the family
Succession planning is often the most taxing challenge for family owned businesses. Our research shows that, alarmingly, only 4% of family businesses have full, communicated and detailed succession plans. With no plan, there is a danger that the business will…
Preserving wealth, protecting the future
The importance of family businesses to the UK economy is well documented. Most people also know that comparatively few of these businesses sustain into a second, let alone third generation. So if they are so valuable why do so many…
Failing to plan is planning to fail
Every family business is unique and each requires solutions to the challenges they face that are tailored for their individual needs. However, the two most common concerns family owned businesses share are those of wealth preservation and succession. Difficulties encountered…
