Business Property Relief (BPR) is a cornerstone of UK inheritance tax (IHT) planning, offering significant tax benefits to business...

Family businesses are known for their deep-rooted values, strong heritage, and long-term vision. When it comes to bringing in the first non-family executive, the Finance Director is often the role that’s filled first. This key appointment comes with its own set of challenges. It’s not just about integrating an outsider into the family business; it’s also about finding someone with the right skills for current needs and the ability to handle future demands, such as mergers and

Succession planning – could employee ownership be right for your family business? Five million. That’s how many family businesses there...

Running a multigenerational family business is not merely about ensuring financial success across decades; it is about preserving a...

Family businesses around the world are often seen as cornerstones of their communities, contributing not just to the economy but to social and cultural enrichment as well. One key aspect of this contribution is their engagement in philanthropy and community initiatives. For many family-owned enterprises, giving back is not just an ancillary activity but a core component of their identity A Legacy Of Giving Family businesses frequently see themselves as stewards of a legacy th

In family-run businesses, keeping control over operations, wealth, and legacy across generations can be challenging. A Family Protector can be a crucial figure in safeguarding family interests, managing wealth, and ensuring smooth leadership transitions. What Is A Family Protector? A Family Protector is a trusted individual appointed to oversee and protect a family's wealth, business interests, and legacy as it passes from one generation to the next. This role can vary depend

In the business world, the concept of ‘doing business right’ encompasses ethical decision-making, corporate social responsibility, and...

In recent years, the term 'silver tsunami' has gained traction among demographers, economists, and policymakers. It vividly describes the...

The impact of narcissistic behaviour in family businesses is a complex and often destructive force that can affect both the operational...

Family businesses are distinctive entities that blend personal relationships with professional pursuits. Although they benefit from...

Family businesses are the lifeblood of many economies worldwide, representing a staggering 85% of all global businesses, employing...

Leaders should foster a culture of positive, constructive challenge, which can help mitigate risks and improve decision making, according...

Family businesses are often seen as the epitome of unity, shared values, and long-term success. However, beneath the surface lies a complex web of relationships and emotions that can be challenging to manage. When sensitive topics—often considered taboo—are ignored, they can become significant barriers to growth, innovation, and the long-term success of the business. I will explore some key steps to addressing these uncomfortable topics in your family business. The Importanc

David Baggott, is a Founding Partner of CN Strategic Advisors LLP, a family-owned independent advisory boutique, providing specialist...

In a family business, culture isn’t just an abstract concept—it’s the glue that holds everything together. A strong, value-driven culture...

Storytelling isn’t just a tool for entertainment; it’s a powerful vehicle for leadership, communication, and influence. Whether you’re...

Only 40% of family-owned businesses reach the second generation, 13% get to the third, and just 3% are passed down to a fourth generation...

The world is changing at a significant pace and that is certainly changing the way that all businesses operate, and that includes those...

Family business succession planning is a critical yet often overlooked aspect of managing a family-owned business. With a vast majority...

Family firms, often known for their deep-rooted values and long-term vision, possess unique advantages that can be harnessed to foster a...