25 Dec 2017

As Kenyans become more affluent, many families-in-business continue to accumulate wealth and own family enterprises. In some of these families, the business and wealth is already being passed on from the founders to the next generation of vision bearers. The catch however, is that whereas some families are undertaking the transition in a structured, well informed manner, for others, and ...

03 Nov 2017

Family-owned businesses, are the oldest form of business organization. In todays’ business world, family-owned businesses can be understood as any business, in which two or more family members, related by blood or marriage, have a majority ownership, and control of the business is within the family.  Notably, a vast majority of Small and Medium Enterprises (SMEs) in Kenya are family-owne...

03 Nov 2017

A key driver of family-owned or owner-managed business, each year, is to ensure you establish realistic goals for you and your team. To support you this year, we have put together a of 11 goals, that we think are not just reasonable, but achievable for your family business. These are goals, that we have have supported families create and implement over the years. At most of the companie...

03 Nov 2017

Wealthy families owning and managing businesses in the developed economies, have grappled with the issues of wealth not surviving the third generation much longer than their counterparts in emerging markets in Africa and Asia. They have long recognized, that wealth does not survive subsequent generations because of a combination of issues — from poor planning, a lack of values, to heirs ...

02 Nov 2017

Death is hardly the go-to topic of conversation for just about everybody. Most of us go to such lengths to avoid talking about it – ever. We hand-on-heart believe that now is not the correct time to dialog about the ‘D’ word. In some spaces and family discussions, the subject is still considered impolite, even taboo. And rightfully so, as it evokes shivers, considering the loss and grief...

31 Oct 2017

The draws nearer, for your daughter (or even son), who is working with you in the family business. Lately, though, the thought of whether the spouse would work in or out of the family business has repeatedly crossed your mind. Perhaps it could be your brother, whose wedding is at an advanced stage, and recently, your elderly cousin, jokingly, inquired whether the soon-to-be-wife will als...

31 Oct 2017

An array of family businesses including agents, dealers, franchisees, and distributors draw their livelihoods on contractual arrangements with large service providers and manufacturers.  This includes your neighborhood bank agent, mobile phone credit or Coca Cola vender, fast-food outlets,automobile dealerships, pharmaceutical wholesalers, petrol stations – and these are just a few of th...