Last week, new FBA members across WA came together for our Family Business Essentials course. In this interactive session, members took the time to focus on the health of their family business using our Family Business Diagnostic Tool and the support from a room of like-minded peers with similar experiences. Thank you to Rebecca Chivers, Agnes Vacca, Sarah Josey and the team at KPMG Australia for presenting the session and hosting us. #FBA #FamilyBusiness #Connection #ProfessionalDevelopment #Succession #Governance #Networking
Last Friday, Partners Agnes Vacca and Sarah Josey and I were delighted to present the Family Business Essentials course for newly joined members of the Family Business Association (AU). The discussions coming out of the workshop were candid and free flowing and it was a treat to be in a room with many hallmark WA family businesses in various sectors including: 📲retail; 🥧consumer goods; 🧱construction and property development; and 💻consulting. Business owners ranged from first generation owners through to third or fourth generation owners and hearing the perspectives of the founders versus the nextgen was enlightening. Despite the different industry sectors and maturity of the businesses, there was certainly a common thread of the topics at the forefront of these family businesses including: 🌳succession matters such as balancing opportunities for family members vs appointing the right people in the right roles to ensure successful transition of control and ownership ✨finding and retaining skilled talent in a competitive environment 🏡 keeping the family unit strong as the business matures and becomes more complex and sophisticated (and operating in an increasingly complex regulatory environment). KPMG is a proud sponsor of the #familybusinessassociation who do incredible work and I am looking forward to seeing some familiar faces at next week’s FBA family business insights WA state conference! Thank you Katie McMeekin for organising the session! #kpmg #kpmgaustralia #kpmgenterprise #familybusinessmatters #succession #wealth #privatebusiness