FBUK Launches Senior & Next Generation family business Guides

FBUK are delighted to launch two new family business User Guides containing thought-leadership and best practice to help support the next generation of family business owners, with Guides for the Senior and Next Generation in family business.

These guides form part of FBUK’s growing library of specialist tools and resources, complementing our existing family business Life Stages Model, and helping families navigate the nuances and dynamics of successfully running a multi-generational family business.  

The guides cover topics of material importance to family businesses, supporting both the senior generation, and the next generation in family business.

Senior Gen Guide

The Senior Gen Guide is designed to help you support your next generation, as they tackle the complexities of finding their way in the family business.

It includes information on:

  • How to foster the next generation’s interest in the family business;
  • Supporting them to become the responsible owners of the future;
  • How to identify those who could lead your business in the future;
  • Managing the transition to new leadership;
  • Finding your place and adding value to the business, as you step away.

Download the Senior Gen Guide here.

FBUK Senior Generation User Guide Cover

Next Gen Guide

And the Next Gen Guide can help you as a next generation family member to balance the paths ahead of you, deciding whether to join the business, to take on leadership or ownership, or to build and explore your own career.

It includes information on:

  • How to decide whether to join the business or not;
  • How you can equip yourself to take on the responsibilities of ownership;
  • How to develop as a leader, if that is the path you choose;
  • Finding your voice & the right place for you;
  • Who to turn to for further support and advice

Download the Next Gen Guide here

FBUK Next Generation User Guide Cover

Helping the next gen in family business

At FBUK our purpose is to help create a more sustainable future for generations to come.

And to this end, we apply thought-leadership to support family businesses in capacity building, decision-making, day-to-day management, and family relationships, helping drive sustainable bottom-line performance.

We trust that you enjoy the guides, and would ask you to please share them with family members, colleagues, and others in your network, whom you feel would benefit from their insights.

With our thanks to renowned family business experts, Juliette Johnson and Ken McCracken for their contributions.

We are grateful to our carefully selected corporate partner NatWest, for their support with the publication of these guides, and for the thought leadership contributions and case studies they have provided.

Natwest logo

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How Succession can Make or Break a Family Business – FBUK in the FT.com

Family Business UK, and a number of our Family Business members, were delighted to be quoted, and featured in an article in today’s (9th April 2024) Financial Times article:
How Succession can make or break a family business.

To read the article, please log into the Financial Times.com, using your FT.com account, at –  https://on.ft.com/3vz9VWl

Non-members of FBUK, and interested parties, can access our complimentary guide to Succession here, to help you with your succession planning.

FBUK members can  log into the FBUK Member Resources Centre to access a host of resources to help your family business, with Succession, Governance and understanding the unique life stages of the family business journey here.

 

FBUK Launch 2024 Programme of Family Business Masterclasses

Following on from the successful Autumn 2023 launch of Family Business UK’s expert-led Masterclasses, we are delighted to announce our expanded 2024 programme of Masterclasses for family business.

The FBUK Masterclass programme is a series of comprehensive, family business focussed one-day courses designed to support family business owners, family members, operational directors, shareholders, non-family executives and NEDs, to navigate the complexities and nuances of managing, directing, and owning a family business.

Launching in 2023 with hugely successful sessions on Succession in association with sector experts at Alembic Strategy, Farrer & Co, and KPMG and Governance in association with the experts at Boodle Hatfield and PwC,   the 2024 programme has been expanded, to meet demand.

Including Masterclasses on Ownership, NEDs, Succession and Governance, ensuring there is a session of material import for everyone, no matter your role in the business or family.

The Masterclass series is delivered in collaboration with leading family businesses and industry experts, combining a mix of facilitated learning, peer discussion and knowledge share, “live” family business case studies and shared experiences, and tailored workshops. Providing the opportunity to further best practice, amongst families, and specifically tailored to the unique needs of family enterprise.

The Masterclass series features the rare opportunity to hear real-world case studies from family business owners, including, in 2023, representatives of:

  • William Jackson Food Group
  • The Clancy group
  • Dormole Ltd
  • Sigma Pharmaceuticals
  • NG Bailey
  • Bettys & Taylors of Harrogate
  • Wates Group
  • Laithwaites Wines.

And are facilitated by Family Business UK and experts from:

  • Alembic Startegy
  • Boodle Hatfield
  • Deloitte
  • Farrer & Co
  • KPMG
  • Natwest
  • PwC
  • Saxton Bampfylde

2024 Masterclass Line-up

  • 16th April 2024 – Ownership Masterclass: Exploring ownership structures, the role of trusts, the implications of share-structures, building a tax effective business, and responsible stewardship.
  • 14th May 2024 – Non Executive Director Masterclass : Exploring readiness to recruit our first non-family NED? Finding and onboarding NEDs, the role of the NED (family and non-family) seeking ROI, and maintaining family values and culture.
  • 27th September 2024 – Succession Masterclass: Exploring the choice to be a family in business? And the purpose of the family business, managing family dynamics, engaging the next generation, different roles in the succession planning process, and succession planning – structures, tips and shared peer experiences.
  • 6th November 2024 – Governance Masterclass: Exploring the role of family governance. Corporate and family governance models, roles and practical action to fill skill gaps, finessing  governance for your family business.

To learn more about the 2024 Masterclass series for family business Download the Masterclass Programme here.