The Top 10 EY Family Business Findings of 2015

ALT TAGCarrie Hall, EY Americas Family Business Leader

With the beginning of a new year, it is the perfect time for a retrospective of the top ten EY Family Business findings of 2015 based on our analysis from the global family business survey.  Continue reading

Sustaining family businesses: the key imperatives

ALT TAGPranav Sayta, India Family Business Leader, EY.

Succession is one of the most critical issues encountered by family businesses. Several factors including family dynamics and the emotional connection that family members feel toward their businesses can make addressing succession a complex issue. Continue reading

Nadir Godrej, the family business poet

ALT TAGNadir Godrej, Managing Director of Godrej Industries and Chairman of Godrej Agrovet

Nadir Godrej, is not only a great leader of a highly successful family business, but also a poet. His ability to put in rhyme some of the most crucial issues in business is well known, telling in rhyme some hard truths and sharp observations. Read Nadir’s family business poem here. Continue reading

Do IPOs fit the DNA of family business?

Martin SteinbachDr. Martin Steinbach, EY IPO Leader EMEIA

Sufficient funds are a prerequisite for every growing business. It takes a considerable amount of money to develop new products, tap into new markets and sectors, and expand resources.

That is why family businesses must think about their strategic options for accessing funding. Continue reading

Family employment guidelines are a sweet spot for Purdys Chocolatier

When it comes to buying quality chocolate in Vancouver, one brand stands out: Purdys, a family business that’s supplied chocolate to British Columbia’s most discerning residents and visitors since 1907.

Karen Flavelle, who is Purdys’ owner and is often cited as one of Canada’s best known businesswomen, was the winner of EY’s 2013 Family Business Award of Excellence. Here’s what she has to say about Purdys’ — and her own — success.

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Four myths about fraud and your family business

You may think that the trusting, tight-knit nature of family-owned businesses means they have a lower risk of fraud. But some experts believe the risk and occurrence of misappropriation are actually greater in family businesses due in part to that very environment of trust. Furthering the problem, the perpetrator may not realize his or her behavior is inappropriate.

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In pictures: EY Global Family Business Summit, Monte Carlo

Peter Englisch, Global Leader of EY’s Family Business Center of Excellence, opens the first EY Family Business Summit.

 

The first EY Global Family Business Summit took place in Monte Carlo two weeks ago, during EY’s World Entrepreneur Of The Year event. Held over two days, the summit gathered together family business leaders from 17 countries, and provided a great opportunity for discussing some of the most crucial issues currently facing family-owned businesses.

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