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next gen

‘Big shoes to fill’: A next-gen enters the family business

April 29, 2021

When I joined my family company a few years ago, fresh out of college, I was determined to work hard and prove my worth, but always had a “Don’t mess this up” post-it stuck at the back of my head.

Anirudh Damani on how family business founders should mentor their next generation

April 16, 2021

I am writing as the son of a successful father whose enormous shadow I have tried to wiggle out of for much of my professional life. I write this from a personal perspective of watching my first generation of wealth creators struggle to involve their next-gen in the family business.

Family business trends for 2021

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.

1. Reviewing shared purpose

Talking shop: Should families separate the boardroom table from the dinner table?

August 28, 2019

One of the trickiest aspects to navigate as a next generation member working in a family business is trying to find the right balance when it comes to work-life, family-life, and self-worth, says next gen entrepreneur Caroline Walerud.

The second generation member of Sweden’s Walerud family is a partner in her family’s deep tech investment company, Walerud Ventures, and co-founder of Volumental, a startup which developed cloud-based 3D-scanning technology to customise products and services—namely footwear.

Empower millennials in family business by making a real impact

August 15, 2019

An award-winning millennial entrepreneur says family businesses must show their rising stars how their family wealth serves the greater good if they want to engage next-gens in succession planning.

An award-winning millennial entrepreneur says family businesses must show their rising stars how their family wealth serves the greater good if they want to engage next-gens in succession planning.

Trust us, we’re a family business

November 16, 2017

In a world where public trust in businesses and other institutions is rapidly declining, family-owned companies are in a unique position to communicate and capitalise on their brands and values. Alexandra Newlove reports

Why you should not ignore two billion millennial consumers

October 25, 2017

The rise of the millennial consumer may well be the most profound demographic shift in history. Yet with daily news on crises, technology and politics, a longer-term trend like generational change is easily overlooked.

When investors do focus on demographics as an investment theme, they concentrate on the ‘silver dollar’ of aging populations. And where they focus on millennial consumers, we see three key areas of misperception around millennials:

Bold digital family business next gens blocked by old guard

September 27, 2017

The next generation of family business leaders overwhelmingly believe innovation and technology are keys to success but many say their efforts are being frustrated by older generations in charge of their firms.

Three-quarters (75%) of next gens surveyed by PwC planned to take their businesses forward and make their mark. However, 26% of them found it difficult to get the incumbents to pay attention to their ideas.

Successors of family-owned businesses expect disruption but lack skills

June 7, 2017

Disruptions in the market, competition and even family relationships concern the next generation of leaders of family-owned businesses interviewed by Deloitte.

Disruptions in the market, competition and even family relationships concern the next generation of leaders of family-owned businesses interviewed by Deloitte.

Last chance for Millennials to have say on ultra-high net wealth

September 2, 2016

North American ultra-high net worth Millennials have only the first half of September remaining to declare their own unique attitudes to wealth investment in cutting-edge research by Campden Wealth.

North American ultra-high net worth Millennials have only the first half of September remaining to declare their own unique attitudes to wealth investment in cutting-edge research by Campden Wealth.

The Campden Research team has already surveyed dozens of eligible Millennials but more are urged to take part to make the eagerly awaited report as robust and authoritative as possible.