Why join the family business?
Three views on the reasons for joining the family business
Why did you join your family business?
I was studying for an MBA at an American university and loving it. One day my father called me on the telephone. He said that he needed me in the business and could I leave my studies and come home at once. I did as he asked. More »
Desire for Dynasty
The story of the House of Morgan
Only a few people want to build a family dynasty. One of them was Junius Spencer Morgan who became a banker in 1854. The result was the Morgan banking dynasty which lasted for four generations before the family lost all influence over the banks that still carry their name. More »
Family Offices
An option for helping to preserve wealth
In the USA there are around 3000 'family offices'. They are usually staffed by investment professionals who aim to manage and preserve the family's wealth. Family offices may also take a role in educating the Next Generation and providing support services to family members. More »
First Steps to a Family Council
See the benefits of having a family council
94 per cent of business-owning families in a 2007 Swiss study said that a 'family council' would be useful (even though less than 20 per cent actually had one). So what are the potential benefits of a family council? More »
Are you ready?
Score your readiness to pass the business to the next generation
Business owners usually pass their business to the next generation only once in their lifetimes. After 20 years or so of leading the business, memories fade as to how succession should be done. ’ More »
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