Greetings!
It was great to see many of you in New York at the recent Family Firm Institute conference. Your enthusiastic response to Family Business Wiki was most encouraging. Please join us in "sharing family business knowledge around the world" by adding your ideas to the the Wiki encyclopedia or Town Square -- and maybe see your blog featured in a future newsletter!
This month we are proud to feature Francois de Visscher and Pramodita Sharma in our new series of video interviews with prominent family business professionals. Future interviews will include Laurent Roux, Michele Desjardins, Walid Chiniara, Greg McCann, Denise Pare-Julien, Mattias Nordqvist and Ann Kinkade.
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Thought Leader Blog: Dennis Jaffe |
How Wealthy Families Respond to Financial Losses -- and How Advisors Can Help Them
It's been a bad year for money - even for people with lots of money. Maybe cutting back on vacation homes or country clubs doesn't seem like a real trauma, but many families who are still "wealthy" have indeed been going through an emotional crisis. They may have lost the feelings of safety and stability which came from their wealth - and they may have lost the trust which they invested in their financial stewards. Some families end up getting "stuck" in this crisis (read more and add comments)
Watch for our next Thought Leader Blog from Christine Blondel. |
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FBWiki TV: Francois de Visscher |
Family Offices Providing Capital for Family Businesses
Francois calls it "Families investing in families."
Family offices understand the family business culture, and are often willing to provide "patient capital." This can make them a good match for family businesses who are seeking to raise capital. ( Click here to see the video. Run time 3:29).
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FBWiki TV: Pramodita Sharma |
Recent Trends in Family Business Research
Pramodita Sharma talks about three current areas of special interest in family business research: women in family business; family wealth; and finance and accounting for the family business.
Pramodita comes from a family business herself, so she is able to describe how family business research is relevant for a busy family business leader. ( Click here to see the video. Run time 3:32).
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Family Business Leader Blog: George Stevenson |
A Near-Death Experience: How a Lack of Understanding by Professional Advisers Almost Killed Off a Family Business
I was in despair. I had tried all my traditional sources of advice - either there was no advice on offer or the advice had simply made things worse than they were before. Maybe I was the problem. If so, was there any viable exit route other than suicide? When you are married into a business, probably not. But there had to be another way and in my darkest hour I stumbled across it (read more and add comments) |