By Nick Travis, partner at Smith & Williamson This article was originally published in Smith & Williamson’s Enterprise magazine, a thought leadership publication for entrepreneurs and growth companies. You can download this issue of Enterprise here. Kitty Higgins and Sharon Pindar want to help every child to read. It’s a huge problem, but with a growing army […]
Posted on 28th July 2020 in Enterprise Issue 24.
As the tennis whites come out and queues begin at Wimbledon, one local restaurateur prepares for his busiest time of the year. Ghigo Berni’s small, family-run restaurant, San Lorenzo, sees a 400% rise in customers as one of the world’s most renowned sporting events takes place a stone’s throw away.
Coming in all shapes and sizes, family businesses make up two-thirds of all businesses in the UK, according to the Institute for Family Business. These 4.8 million family-run businesses employ over 12 million people and generate a quarter of the UK’s entire economic revenue. With so many family businesses across the UK, it can be […]
Family businesses looking to the next generation to take over need to prepare themselves for unexpected events, according to the University of East Anglia (UEA).
With January being the time for New Year’s resolutions, it is the perfect period to get your business and personal affairs in order. When preparations for the year ahead are being considered, many longstanding family business owners are considering their exit and succession options, particularly if retirement is on the horizon. Duncan James, head of […]
Posted on 4th January 2018 in Family Business.
When it comes to popping the question, picking out a ring and location can seem like the most important elements, however, unsurprisingly many forget to consider the impact a marriage can have on the family business, Duncan James, from family law firm Shakespeare Martineau, ties the knot.
Posted on 21st June 2017 in Family Business.
The family business sector has revealed a growing mix in the family members in control of the firm, as succession is missing from any form of future-planning strategies from almost all family businesses.
An overwhelming proportion of millennials have a strong desire and thirst for knowledge when it comes to their family firms – with many keen to play a much bigger role in its development and success.
For so many people, their dream is to get rich doing the thing they love and retire early. But, as Daniel Priestley often explains in his books, true entrepreneurs are the ones that never retire.
Posted on 30th June 2016 in Family Business.
Issues around succession planning make up four of the top ten worries keeping family business owners awake at night, according to research from Close Brothers Asset Management (CBAM), conducted by Family Business United.
A family business has huge advantages. Family members tend to share common values and have a strong commitment to making the business a success. They are happy to put in the extra mile to build a lasting legacy. They may even be prepared to make financial sacrifices for the sake of the business. Above all, […]