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next generation

January 26, 2021

Most family fortunes were forged thanks to a founding entrepreneur and their successors who managed to uphold their legacy over the generations. The entrepreneurial tale of the founder is often passed down proudly from generation to generation. However, it is also common to see the successor generations concentrate so much on the core business that they sometimes lose the very entrepreneurial drive that gave rise to their family business in the first place.

Most family fortunes were forged thanks to a founding entrepreneur and their successors who managed to uphold their legacy over the generations. The entrepreneurial tale of the founder is often passed down proudly from generation to generation.

However, it is also common to see the successor generations concentrate so much on the core business that they sometimes lose the very entrepreneurial drive that gave rise to their family business in the first place.

January 22, 2021

Choosing the right leader at the right time will be one of the most critical decisions you can make to secure the continued success of your business. Rarely has continuity and succession planning been more important, given the recent challenges faced by family businesses throughout the world.

Choosing the right leader at the right time will be one of the most critical decisions you can make to secure the continued success of your business. Rarely has continuity and succession planning been more important, given the recent challenges faced by family businesses throughout the world.

January 14, 2021

The next generation of leaders have a vision for the future which is different to their parents and more strategic, says next-gen social entrepreneur Olga Vysokova.

The next generation of leaders have a vision for the future which is different to their parents and more strategic, says next-gen social entrepreneur Olga Vysokova.

Vysokova, a London-based financial services professional, worked for her parent’s family business for more than a decade and co-founded the Global Next Gen Community in 2019.

January 6, 2021

In a recent family business event, a couple of young family business owners were asking questions around their role, finding their place and their individual voice. Questions motivated by their respective positions as heirs, beneficiaries, descendants, inheritors and ‘next-in-line’.

In a recent family business event, a couple of young family business owners were asking questions around their role, finding their place and their individual voice. Questions motivated by their respective positions as heirs, beneficiaries, descendants, inheritors and ‘next-in-line’.

Any one of these descriptions are representative of considerable responsibilities and accepted norms. Taken together, they represent the range and depth of the obligations, paths and expectations which together are captured in one word: successor.

January 4, 2021

After a 2020 that was nowhere near what most of us anticipated, it’s perhaps bullish to make predictions about 2021, but Tom McGinness, KPMG’s head of family business, is not deterred from outlining the top 10 topics that he expects to be discussing with those leading family businesses during the coming year.

After a 2020 that was nowhere near what most of us anticipated, it’s perhaps bullish to make predictions about 2021, but Tom McGinness, KPMG’s head of family business, is not deterred from outlining the top 10 topics that he expects to be discussing with those leading family businesses during the coming year.

1.            Reviewing shared purpose

December 14, 2020

The father and son team behind Vini Cosmetics, the maker of Fogg deodorants, say they are bullish on the Indian economy, its pandemic recovery and are exploring new investment opportunities.

The father and son team behind Vini Cosmetics, the maker of Fogg deodorants, say they are bullish on the Indian economy, its pandemic recovery and are exploring new investment opportunities.

Entrepreneurs Darshan Patel, 58, founding chairman and managing director of the family business, works in tandem with next-generation Manan Patel, 27, chief executive of their family office Vini Investments in Ahmedabad, Gujarat.

December 11, 2020

Families aligning their charitable giving with their business plans and the rise of the next generation of family leaders are among the trends explored in a new book which aims to guide families on their ventures in philanthropy.

Families aligning their charitable giving with their business plans and the rise of the next generation of family leaders are among the trends explored in a new book which aims to guide families on their ventures in philanthropy.

Family Philanthropy Navigatorpublished this month, delves into case studies and offers advice and practical tools for experienced and aspiring families in the philanthropy sector.

December 6, 2020

Second UK lockdown cost Weston family’s Primark $579 million in sales, Red Bull energises Yoovidhya family of inventor with $257 million payout, Lord Bamford gives JCB staff an extra holiday to mark 75th anniversary.

Second lockdown costs Weston family’s Primark $579 million in sales

The Weston family-controlled food and retail giant Associated British Foods estimates it lost £430 million ($579 million) in sales while its high street fashion retailer Primark was closed during the latest coronavirus lockdown.

November 20, 2020

It was family business as usual. Two founding brothers running their enterprise with their four children—two daughters and two sons—in different stages of being groomed to take up important positions. The elders continued to occupy leadership roles and their trusted advisers made sure that the power of decision was always retained by them.

It was family business as usual. Two founding brothers running their enterprise with their four children—two daughters and two sons—in different stages of being groomed to take up important positions. The elders continued to occupy leadership roles and their trusted advisers made sure that the power of decision was always retained by them.

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