Family Business Research Foundation

📢 New White Paper: Supporting Succession The Family Business Research Foundation latest white paper, Supporting Succession? An Assessment of Business Property Relief and Gift Hold-Over Relief, examines the vital role these reliefs play in sustaining UK family businesses. With reliefs worth over £1.5 billion annually, thousands of family firms benefit, enabling smooth succession and continuity across generations.   Discover key findings, evidence gaps, and why further research is needed to inform future policy. https://lnkd.in/ehcnZ9fv #FamilyBusiness #PolicyResearch #BusinessSuccession #UKEconomy #BusinessPropertyRelief #BPR

📰 Dr. Martin Kemp and Dr. Susan Lanz offer their insights in a new article for FamilyBusiness.Org on how family firms should think through their wealth transfers to next-gens. #FamilyBusiness #WealthTransfers #NextGen https://lnkd.in/eMCG9zTa

🌟 Exciting Update from the Family Business Research Foundation (FBRF)! 🌟 We're thrilled to share the latest developments from the FBRF. Our ongoing efforts to champion the unique challenges and opportunities of family businesses have reached new milestones. From groundbreaking research to impactful initiatives, we're committed to empowering family enterprises to thrive for generations. Read more about our journey and recent achievements here: https://lnkd.in/e8kBGJxk #FamilyBusiness #Research #Innovation

🚨 New Briefing Alert! 🚨 Did you know that 75% of SME employers in the UK are family-owned businesses? The latest briefing from the Family Business Research Foundation dives into the essential role of family firms in the economy. Drawing on data from the 2023 Longitudinal Small Business Survey, this report highlights the challenges and contributions of family-run enterprises, which employed 13.9 million people in 2020. Discover the impact and challenges of family SMEs today! Read the full briefing here: https://lnkd.in/dRMZGKFJ #FamilyBusiness #SMEs #UKBusiness #Research #Economy

🔎 Unlocking the Future of Family Businesses: Legacy and Growth Legacy is a powerful driver for family businesses, shaping both identity and long-term success. A new report from the STEP Project Global Consortium and KPMG, summarized by the Family Business Research Foundation, explores the "legacy paradox" — how legacy can fuel growth or stifle innovation. Key insights include the importance of balancing tradition with adaptability, sustaining entrepreneurial spirit, and integrating sustainability practices. This research is essential for business families aiming to thrive across generations. Read more: https://lnkd.in/dQtHUJHb #FamilyBusiness #Legacy #Entrepreneurship #Sustainability

Choosing the right person to manage your family business can feel as daunting as picking a nanny for your children. It’s about trust, responsibility, and ensuring the legacy you’ve worked so hard to build remains intact. While it may seem difficult to hand over the reins to someone outside the family, bringing in a fresh, different perspective from outside the family can often be an excellent choice. Here are three crucial tips to make that decision easier: →Prioritize cultural fit: The person you bring in should align with your family’s values and the company’s culture. This is key to ensuring a seamless transition and maintaining harmony within the business. →Experience matters: Look for someone who has a proven track record in managing businesses similar to yours. Their past experiences can provide valuable insights and help navigate potential challenges. →Communication is key: Ensure that the individual is not just a good manager but also an excellent communicator. They need to keep the lines of communication open with both the family and the employees. Manish Singh, #MartinKemp, Stephanie Hussels, and Patrick Reinmoeller talk about this in their guide on Navigating Non-Family CEO Succession, a must-read for anyone involved in family businesses looking to thrive. Family Business Research Foundation Cranfield University #FamilyBusiness #SuccessionPlanning #Leadership #CEO

🚨 New Report Alert 🚨 Our latest research on the adoption of the Wates Principles among UK family businesses is now live! 📊 Discover how family firms adopted the Wates Principles compared with non-family firms. If you're a family business owner or adviser, this report is a must-read for improving governance practices and building trust with stakeholders. 📈 Read the full report here: https://lnkd.in/dHpwyXcv #FamilyBusiness #CorporateGovernance #WatesPrinciples #BoardComposition #Sustainability

🚀 Exciting News! 🚀 The Family Business Research Foundation has just commissioned Cebr to produce our next UK Family Business Sector Report. The project will seek to map the sector and assess the economic contribution and performance of family businesses in the United Kingdom. Stay tuned for updates as we work together to shed light on the impact of family businesses on the UK economy and the contribution they make to the public finances! 📊✨ https://lnkd.in/e-eMfpNj #BusinessReport #SectorInsights #Economy #Research #EconomicGrowth #FamilyBusiness

Summary of Proceedings from the Family Business Research Foundation’s annual research conference (“Thriving in challenging times: how family businesses navigate crisis, complexity, and uncertainty”) which took place on May 20, 2024, in collaboration with Lancaster University Management School’s Centre for Family Business and the Pentland Centre for Sustainability in Business. https://lnkd.in/eMa4K5fY #familybusiness #LancasterUniversity #Conference

Request for proposals – UK Family Business Sector Report 2024 The Family Business Research Foundation (UK) is seeking proposals from economic researchers/research teams to conduct a study of the economic contribution of the family business sector in the United Kingdom. The deadline for receipt of proposals is Friday 26th July 2024. Click here for more information about this call and how to apply: https://lnkd.in/ec_vDPqP #FamilyBusiness