Tag: Family business financial advice

Family Ownership Can Undermine Financial Health

However, those who invested more in R&D and operated in countries with strong and supportive institutions enjoyed better market capitalizations. EDITOR’S NOTE: This article was produced in Read more

A Family Council Can Help Larger Families Stay Connected

Consider one if your family business has 15 or more relatives involved, or multiple generations. Many family firms wonder about whether they need a family council: a group that helps ensure that Read more

When Family Businesses Should Think Like Private Equity Firms

Adopting all or even some PE investor strategies can add value and enhance competitiveness, especially when a successor takes over or the company may be sold. Family businesses must navigate a Read more

Business Families Must Get Real About Growth and Payouts

Sometimes the family grows much faster than the business, especially in saturated markets. This has deep implications for how we manage family and business expectations. When we talk to Read more

Family Firms Prosper When Shareholders Think Like Trustees

A trustee mentality helps make large families with many shareholders more cohesive, and preserves wealth for generations. Business families with many shareholders and family members who have remained Read more

Separate Family Offices Can Minimize Money Problems

It can be dangerous to ask executive assistants or your CFO to manage your personal finances. RSM's Ben Berger shows why a separate office helps both business and family manage money responsibly. All Read more

How Do Owners of Family Business Portfolios Restructure Poorly Performing Firms?

Families can get emotionally attached to laggards in their portfolios and avoid taking tough but necessary action, putting the entire enterprise in peril. EDITOR’S NOTE: This article was produced Read more

With Women Directors, Strategy Disclosure Decreases Cost of Capital at Family Businesses

The decision to disclose strategy information is critical, as it reveals managerial actions, providing financial stakeholders with the information required to assess the firm’s competitive Read more

Single Family Offices as Owners: Long-Term Investors or Financial Optimizers?

When a family firm reaches a certain size, the family may decide to transfer their wealth and their ownership into a family office. These offices help business families manage their wealth across Read more

Family Business Budget Planning: 7 Things to Consider

Part 2 of a two-part series As we showed in part 1 of this discussion , trying to use budgets as both a planning tool and an expectations setting tool can be destructive, because the self-interests Read more