Family Business Wiki's Town Square

Family Business Wiki's TOWN SQUARE

June 2013 Blog Posts (5)

MAKE YOUR LIFE RICHER BY GIVING

FAMILY PHILANTHROPY



Family philanthropy is a wonderful arena though which families in business can develop many skills. Governance and financial literacy are two good examples. In addition, families can learn about group decision-making and how to constructively deal with disagreements. It is hard to imagine a safer or more productive way for a family to learn how to collaborate than having them wrestle with whether or not to donate funds to cancer research or to a…

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Added by David C. Bentall on June 7, 2013 at 4:30pm — No Comments

The importance of communication and education for long term family business success.

Introduction

Most of the families and advisors around the world are familiar with the saying “Shirtsleeves to shirtsleeves in three generations”.  The first generation builds the wealth, the second generation preserves it and the third generation enjoys it.

Extensive research and statistics show that rather than just being a mere expression, ‘shirtsleeves to shirtsleeves’ is in fact a very real and widespread…

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Added by Edouard T on June 6, 2013 at 2:00am — No Comments

A Big Conversation for the New Philanthropists

A Big Conversation for the New Philanthropists

The philanthropic landscape is evolving to the next level of impact and many of the old guard are struggling with the shift. The Millennial generation is not content to wait around; they are more confident and…

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Added by Aron Pervin on June 4, 2013 at 8:00pm — No Comments

Family Business: Competence is Key

Family Business: Competence is Key

by Dr Denise Kenyon-Rouvinez

 

Family businesses have an outstanding record of long-term performance, and the smartest of them know that the competence required is not simply inherited. Yet it is still rare to come across a strategic and comprehensive approach to building competence across all parts of a family firm.

Partly, this stems from a difficulty in articulating clearly what competence is. …

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Added by Denise Kenyon-Rouvinez on June 3, 2013 at 4:34pm — No Comments

So, Don’t Talk to your Family about Money

So, Don’t Talk to your Family about Money

 

Why not?

 

Reason 1:  Knowing about the family’s millions will destroy the next generation’s will to turn those millions into billions.

 

Reason 2:  The next generation will remain children well into their 60’s, or is it 70’s, maybe 80’s. One of these days, we might tell them…

 

Reason 3:  With…

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Added by Joanie Bronfman on June 3, 2013 at 4:00pm — No Comments

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