One of the many things to set family-owned businesses apart from other commercial enterprises is the question of legacy. However, in a...

For family businesses, the question of “what’s next?” can be as complex as it is personal. Many families are currently weighing whether to transition the business to the next generation or consider a partial or complete sale. With recent changes to Business Property Relief (BPR) and Agricultural Property Relief (APR), there’s a renewed need for thoughtful planning. Enter “patient capital,” a form of investment that offers family businesses the time, flexibility, and stability

Family businesses have a unique dynamic, operating at the intersection of personal values, generational influence, and corporate success....

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

STEP, a worldwide body for professionals that help families plan for their futures, launched its Protect Your Digital Memories campaign...

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

A true legacy encompasses more than just material wealth; it includes the values, wisdom and love that we pass on to our descendants. "In...

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...

In the world of business, few entities capture the imagination and admiration of the public as effectively as family businesses. These...

In some senses, the legacy of any business is a slightly nebulous concept, but the thing which tends to set family businesses apart from other businesses is the degree to which people are personally as well as financially and professionally invested in them. This means that the way the business is set-up, managed and run on a day to day basis is much more likely to provide a reflection of the values of the family members who own that business, and it is the continuation and u

Succession planning is a crucial aspect of ensuring the longevity and prosperity of family businesses. As the torch passes from one...

In the ever-evolving landscape of commerce, family businesses often stand as timeless pillars, weaving a narrative of tradition,...

This legacy article covers how a business family legacy does not only serve as a thought garden, an oasis of wisdom for the family, their employees, and community. It is also a critical family education and engagement tool. During the pandemic, ethical or moral philosophy, eg stoicism has gained a renewed popularity. Stoic teaching has been used to help readers focus more on what matters the most in the long-run, learn how to become resilient, find hope, and fight anxiety. Ep

Photographs capture events, landscapes, and individuals. Each photograph is a framed picture composed by the photographer, they freeze...

For a family-owned business nothing is more important to an organisation than the nurturing and protection of its reputation. Having a family enterprise is not only a privilege – it’s also a huge responsibility. Unlike many boards of publicly owned entities, due to their personal connection, families have additional emotional investment in their business. They are in it for the long haul to create a legacy for their family. Custodians of valuable assets that provide for their

“What do you mean we can’t pay dividends this year?” Elisa was incredulous. The board of the watch company she and her husband Mark had founded had just reviewed projected end-of-year performance. Usually this meeting was a celebration of another incremental step forward, with moderate growth, no debt, and significant dividends, which Elisa and Mark used to support their comfortable lifestyle and charitable donations. This year, however, revenue growth was way up, but profits

Established by Sir William Hastings in the late 1960’s, Hastings Hotels is a family-owned company and the largest independent hotel group...

New research for the Dying Matters Coalition shows that the majority of people in Britain have not discussed or made any plans for when...