Consultancy: Governance with a Constitution
The primary challenge to ensure a sustainably profitable family business is to create a sound balance between the interest of the business and the interest of the family AND to ensure that the outgoing and incoming generation is in full agreement on the RULES of the BUSINESS. The BEST PRACTISE is to compile a CONSTITUTION that will guide future generations to manage the business with sound governance.
Consultancy: Succession Planning
Globally only 30% of family businesses move successfully from the first to the second generation, and less than 4% of family businesses reach the fourth generation. The primary reason for failure is A LACK OF PROPER SUCCESSION PLANNING. Succession is an integral part of your long-term business strategy and therefore vital to ensure sustainability. A tax-friendly structure will also avoid unnecessary taxes.
Accredited Family Business Consultants work closely with client’s own accredited financial advisors | auditors | attorneys.
FABASA will facilitate access to Old Mutual accredited financial advisors, should clients need access to accredited financial advisors, AND other Selected Service Providers.
Consultancy: Creating a Winning Culture
TO CREATE A WINNING CULTURE IS VITAL TO SUSTAIN THE BUSINESS OVER GENERATIONS
Says Gareth Ackerman: “Culture eats business strategy for breakfast.”
The behaviour or work ethics of family members in the business creates a culture of, “how we do things.” Culture should translate the organisation’s unique personality and soul into sound relationships, teamwork, customer-focused actions and great bottom-line results.
Instilling a winning culture can be a tough challenge, as it requires changing how people think about the business, how you measure results and how to alter habitual behaviours. We assist family businesses with a TEN-STEP process to ensure a WINNING CULTURE.
Business Education Workshops & Presentations
Members have access to many workshops / presentations via several service providers.
The primary service provider is André Diederichs & Associates. See link: https://andrediederichs.co.za/public-presentations-workshops/
Several topics are available e.g. specific challenges to family businesses e.g. governance and succession | leadership & management | business & marketing strategy | staff training | entrepreneurship & others.
Clients can also request workshops / presentations for their family businesses or bodies they represent, such as agricultural societies and business chambers.
NOTE: To adhere to the changing world of work, we do most workshops via WEBINARS on platforms such as ZOOM.