Australia and New Zealand’s Leading Family Business Advisers
Align the family and the business will follow
We firmly believe that family businesses, even relatively small ones, can benefit from a board of some sort and should seriously start to think about it. Here’s how an Advisory Board can transform your family business.
Written by Philip Pryor
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I’ve recently been involved in research efforts with the New Zealand Government to find out why succession rates are so woeful for family businesses around the world. There are a couple of things that I think will help enormously and should explain why family business succession planning is so important for family business.
Written by Philip Pryor
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Family businesses are best placed to survive economic downturns – and recover faster – than other businesses. Here are our top tips for family business success.
Written by Philip Pryor
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For women who are the CEO of their business, they are often the CEO and ‘The CEO’. They are the Chief Executive Officer and the Chief Emotional Officer. Thus they are the CEO²… in fact even if they are not the official CEO, they are usually still relied upon as the Chief Emotional Officer.
Written by Vivian Crick
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The Edelman Trust Barometer™ is an annual trust and credibility survey. The project began in 2001 and originally surveyed 1,300 people across five different countries. In 2017 the Trust Barometer research included a special report on family businesses.
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We have worked with family businesses for many years. And over these years we have seen clear patterns emerge within businesses as they grow, evolve and develop from their initial starting point.
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We have all heard that honesty is the best policy, and we also know that this is often far easier said than done. However, honesty is a critical component of a positive culture within a family business.
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Ten years ago, a father decided to give 100% of his shares in the family business to his oldest son. He barely discussed this with his family and other children, a son and daughter.
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Creating a Family Council can be extremely beneficial for a family business. Whether the council is initially formed in order to manage succession plans, or it is set up with the intention of developing the next generation, the key is to always have a focus on the future.
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Family business adviser and CEO of Family Business Central, Philip Pryor, chats with Deb Croucher in the inaugural episode of the Brilliant Podcast.
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Learn how to avoid the mistakes that quietly undermine family businesses — and build a stronger legacy across generations.
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