August 2022 - The Solutionist Group

Inflation Fears Halt Succession Plans

Déjà vu? When the GFC hit (2007 – 2009), the succession plans of many family businesses came to an abrupt halt as legions of outgoing leaders suddenly re-cast themselves into the roles of business heroes and saviours – ostensibly because they’d lived through, and survived, previous recessions and financial crises. In their minds their successors […]

“More, or “Meaningful”?

by Jon Kenfield MBO (Note: this is my personal, unauthorised take on what somebody else said). James E Hughes Jr. is a US attorney and the author of several highly influential books about preserving and enhancing family wealth. Hughes postulates that while financial capital provides practical support for multi-generational families, their true wealth lies in […]

“Don’t Mention the War!” – Lessons learnt working with Business Families

1. What is Old will never be New again – elongation of life expectancy Observations Our Past: Family succession was usually caused by the physical and/or mental incapacity or death of family leaders. Historically, this is why Wills were the prime determinants (one can’t really say “guides”) for family succession and inheritance. Our Present: We’re […]