Generation Planning

When you tell people that 95% of all families lose their wealth within three generations they find it difficult to comprehend.

This is not an untypical family tree and passing wealth successfully through the generations requires a firm family structure and governance which can only be put together by experts working in this field.

The structure and governance required to ensure family harmony when a family business is at the forefront of providing wealth, is immense.

1. Family members who are nothing to do with the business
2. Family members who are shareholders but don't work for the business
3. Family members who work for the business but have no ownership / shares
4. Employees who also own shares in the company
5. Employees with no shares
6. Shareholders
7. Family members who are both shareholders and business owners
8. Family Owners and Business leaders who provide the overall governance and have the duty to look after everyone

Family businesses account for the majority of firms in every economy and a substantial proportion of GDP. Many of the largest, longest lived and most successful firms the world over retain their identity as family firms, including:

2nd generation: Specsavers
3rd generation: Pentland
5th generation: Arco Limited, Caledonia Investments
6th generation: Bibby Line Group Limited, Fleming Family & Partners

These family businesses have succeeded were 95% of others have failed. Why? Because Family Business Offices are in place to provide a governed structure to everything they do.

They never let things stand still, as to do so would be fatal. They have motivated staff, profitable and growing businesses and contribute to charities and their local communities to make a notable difference.