More and more people are getting into impact investing. According to the GIIN (Global Impact Investing Network), there were $114 billion in assets under management in mid-2017. Today, the number reached $228 billion. People invest their money in providing both social and environmental and financial return, and the industry is booming. And with nonprofit organizations, … Read more
In a family business, what parent wouldn’t wish their children to experience the similar entrepreneurial success? They may hope for their kids to take over the family business someday or create their own. But first, parents should teach their children many valuable lessons about being a leader, the value of money, how to build a … Read more
In the past, it was more about winners and losers. It was more about competition. It was about the people from the top, the leaders and executives whom the employees can talk to, wanting to see better results. Today, that’s not the case anymore, and I think many of you realize that. People are focused … Read more
Because of their relative opacity to larger investors, family offices remain an unreported segment of the investor community according to Private Equity International. However, the affinity towards them is growing as they’re a solid investor group that’s playing an increasingly active role in private equity as a primary provider of new capital. When trying to … Read more
In family businesses, miscommunication is a standard issue. Of course, it can be a problem in any business, but what sets a family business apart is the layer of familiarity, emotion, and family dynamics that come in decision-making and conversations. It often happens that things get communicated only when they escalate and manifest through a … Read more
Letter of Wishes and Trust – How They are Used Letters of wishes are helpful to people who create long-term trusts as means for providing guidance about how the trustees make distributions to beneficiaries. They’re written instead of legal requirements and are growing more popular in the U.S. Letter of wishes, sometimes called a “family … Read more
Over the past decade, the number of women participating in family businesses and taking on roles with more responsibility has been on the rise. Every business owner should focus on this growing trend because research shows that 70 percent of today’s family businesses are influenced internally by female directors or plan to have female leadership … Read more
“Family stories are the glue that binds together individual family members.” – Jay Hughes Wealthy families are fully aware of the importance of trusts and inheritance plans. They also know that succeeding to involve the next generation in the family business is even more critical. It often happens that heirs decide to leave … Read more
Did you know that about 43% of family businesses don’t have a succession plan? Still, many families are reluctant to address the topic of family governance. It includes setting up structures for both the family and the business. In the formative years of the family business, many of them take on the characteristic of the … Read more
We often hear the word family business and family enterprise, but what is the difference? The family business at the beginning becomes the focus of what the family cares about, and it’s the most critical asset. On the other hand, a family enterprise includes the entire scope of activities that the family engages with, and … Read more
