A.D. Financial (Singapore)’s Post

Succession of a family enterprise that is a service business! In general are customers attached to the firm or an individual of service businesses? (Think lawyers, bankers, consultants, accountants...) In most cases customers are attached to the individual which is why when people switch firms many customers follow them... Here is a twist, what about succession / retirement? I had the pleasure of teaching a case on Cesaro e Associati, an Italian family consulting firm and Laura Cesaro and her colleague Simone Evangelisti joined our Harvard Business School classroom to discuss transitioning from the founder to Laura (his daughter) and empowering the entire management team. We had a wonderful discussion about the challenges and opportunities for this group, but unlike many family businesses, they are starting the process and everyone is leaning into the change! (For the most part. 🙏🏻) Succession doesn't mean the successors lead the same way...they must develop their own style with a nod to what's worked historically and embracing company culture and values. Exciting times for Laura and the team. #familyenterprise #familybusiness #successionplanning #legacy #familyoffice

Exploring the intricacies of Family Succession Planning in the Middle East? 🔄🔐 Family succession planning is a complex process that requires a deep understanding of cultural contexts and family dynamics. By creating a family constitution, establishing business holding companies, forming family councils, and utilising trusts, families can future-proof their business assets and ensure a seamless transition of leadership across generations. If you’re on a journey of succession planning and are interested in exploring more about our Family Office Services, read more in our recent article here or contact the team: https://okt.to/RBOPV0 #FamilyOffice #WealthStructuring #MiddleEast #ClientSuccess

A few things #familybusinesses can learn from our new issue: #inlaws can be a blessing or a curse to the business, but the right #onboarding and #communication can make the difference. #Hedgefunds typically don't succeed in getting the family firms in their portfolios to innovate. And #wealth may give your #nextgen future leaders more choices, but also make them more confused than ever and less prepared for the top roles. Thanks to contributors Marco Mismetti, Emanuela Rondi, Cristina Bettinelli, Kimberly Eddleston, Elizabeth Bagger, Dr. Matthias G. Leute, Yannick Bammens, Martin Carree, Jolien Huybrechts, Rania Labaki, Doug Farren, Doug Baumoel and John Parnell. #familybusinessadvice https://lnkd.in/eTm8_mfn

If you are interested in learning more about our family office services in the Middle East, please find here a very useful article. #equiom #familyoffice #wealthstructuring

Am I a good steward of my family business? The success of your family business depends on all family members thinking and acting like owners. Here are a few questions to ask yourself and your family:   1. What are our family’s values? 2. What is our family’s vision? 3. Do we have a family mission statement? 4. Are we effectively balancing business needs with family interests? 5. Do we have the right succession plan in place? Is it conflict-free? 6. Do we have the right shareholder buyout and dividend policies? 7. Should we bring in outside leadership to help run the business? 8. Are we investing in the success of the future generations of the family? 9. Does the family need a family office or a multi-family office? 10. Should we contact Sharon Olson, CFP®, CEPA, President, Olson Wealth Group, Inspired Life Family Office®?   #OlsonWealthGroup #InspiredLifeFamilyOffice #MultiFamilyOffice #FamilyBusiness

Am I a good steward of my family business? The success of your family business depends on all family members thinking and acting like owners. Here are a few questions to ask yourself and your family:   1. What are our family’s values? 2. What is our family’s vision? 3. Do we have a family mission statement? 4. Are we effectively balancing business needs with family interests? 5. Do we have the right succession plan in place? Is it conflict-free? 6. Do we have the right shareholder buyout and dividend policies? 7. Should we bring in outside leadership to help run the business? 8. Are we investing in the success of the future generations of the family? 9. Does the family need a family office or a multi-family office? 10. Should we contact Olson Wealth Group, Inspired Life Family Office®?   #OlsonWealthGroup #InspiredLifeFamilyOffice #MultiFamilyOffice #FamilyBusiness

Today, we celebrate the dedication and hard work of family businesses across the country. 🎉 Family businesses are the backbone of our communities! As you cherish your family legacy, it's essential to plan for the future. But what happens when it's time to pass the torch? 🤔 Business succession planning ensures a smooth transition of ownership and management to the next generation. 🔄 On this special day, take the opportunity to discuss your business's future with your family and create a plan that preserves your legacy for generations to come. 💡 #FamilyBusiness #SuccessionPlanning #Legacy

Today, we celebrate the dedication and hard work of family businesses across the country. 🎉 Family businesses are the backbone of our communities! As you cherish your family legacy, it's essential to plan for the future. But what happens when it's time to pass the torch? 🤔 Business succession planning ensures a smooth transition of ownership and management to the next generation. 🔄 On this special day, take the opportunity to discuss your business's future with your family and create a plan that preserves your legacy for generations to come. 💡 #FamilyBusiness #SuccessionPlanning #Legacy

Last chance to register for "The Learnings of Legacy" in Family Business. Join Emma Ayres, 3rd Generation Chair, and Matthew Ayres, 4th Generation CEO of Bennie to discuss the opportunities, challenges and risks of being the stewards of family values for the family in business. At the heart of legacy is the "golden thread", consisting of family values. The principles that influence decisions, define relationships, and determine outcomes for both the family and the business. Interviewed by Guy Broadfield, of family business experts Burges Salmon LLP, this engaging and interactive discussion will explore how legacy can be preserved, and evolved, to suit the changing needs of the business and the family. 𝐓𝐨𝐩𝐢𝐜𝐬 𝐰𝐞 𝐬𝐡𝐚𝐥𝐥 𝐭𝐚𝐜𝐤𝐥𝐞 ♦ Does protecting and preserving legacy values help attract and retain talent, or might they contribute to cultural stagnation? ♦ Do values restrict innovation, or become an obstacle to change? ♦ How can values be harnessed in such a way as to also mitigate risks? 𝐖𝐡𝐨 𝐬𝐡𝐨𝐮𝐥𝐝 𝐚𝐭𝐭𝐞𝐧𝐝? This event is built for Family Business owners, shareholders and stakeholders, and for anyone working in family businesses looking to: ✔ Discuss current and timely topics relevant to UK family businesses; ✔ Gain practical advice to take back into their family business; ✔ Connect with other family business owners, leaders, the Next Gen & sector experts. Sign up today for the Learnings of Legacy, kindly hosted by Family Business UK partners Burges Salmon LLP at their home in Chancery Lane, Holborn. 𝑺𝒊𝒈𝒏𝒖𝒑 𝒕𝒐𝒅𝒂𝒚 𝒂𝒕: https://lnkd.in/g8tmkpui #valuesbasedleadership #principles #familybusiness #legacy #familyvalues

Today, we celebrate the dedication and hard work of family businesses across the country. 🎉 Family businesses are the backbone of our communities! As you cherish your family legacy, it's essential to plan for the future. But what happens when it's time to pass the torch? 🤔 Business succession planning ensures a smooth transition of ownership and management to the next generation. 🔄 On this special day, take the opportunity to discuss your business's future with your family and create a plan that preserves your legacy for generations to come. 💡 \#FamilyBusiness \#SuccessionPlanning \#Legacy