There’s often a perception that a lack of formal structures or processes in a family business is indicative of a lack of professionalism. Many advisors are thinking “Can you believe they don’t even …” as they set out an array of services intended to ‘professionalize’ the business. While the business’ affairs may well not have … Continue reading
At the risk of stating the obvious, effective communication is the life blood of any successful family business. Having worked with many family businesses, we cannot stress enough that good communication is paramount for the success of the business and the wellbeing of the family. The importance of communication is often overlooked due to the … Continue reading
Family controlled businesses today represent the private sector. Over the past few decades, a great deal has been written about family business and succession planning. While most authors focus on corporate reengineering and financial growth, only a handful focus on the people behind the money: the family. The family is an institution founded on mutual … Continue reading
Family businesses are so fundamental to the Middle East that they make up greater than 80% of the rapidly growing private economy of the GCC, yet their inherent complexity makes their evolution critical to their ultimate success and longevity. Thus, it was a natural step for Deloitte to launch a family business service line based … Continue reading
