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Do any of the following sound familiar?

  • Finding a balance between long-term growth and sustainability and family finance is difficult.
  • The reputation of our family is intrinsically tied to that of the family business.
  • We are thinking about the best way to finance growth.
  • The boundaries between being a family and being a family business are blurred.
  • We are keen to attract the best talent but sometimes struggle to do so.
  • We are keen to embrace innovation, but haven’t found the right approach yet.

Don’t worry, you’re not alone

Family businesses are unique; the family, business and ownership dynamics all play a significant role in decision-making and offer both opportunities and challenges to the family business over time.

The growth and sustainability of a family business lies in the fine balance between the needs of the business and the expectations of its family members and understanding the interaction of these different functions is paramount when pursuing success.

To help your family understand the interaction between these different dynamics, our family business specialists have used years of knowledge working with business families across the globe to develop a tool that gives you time to reflect and help prioritize areas of importance and evaluate issues you may not yet have considered.

How does it work?

The assessment tool is dedicated to helping family businesses like yours evaluate the key opportunities and issues commonly identified. The confidential assessment covers six key areas including growth, risk, governance, wealth, transition, and people.

Why should I do it?

Immediate insight: Having completed the assessment, you will receive a report which enables you to see the areas that you consider important but where you believe  there is a need to build capability, allowing you to focus on what will make a difference. Additionally, the report provides benchmarking of your family business against other similar businesses.

Shared opinions: You can also choose to invite additional family members or non-family stakeholders to answer the online assessment.

This enables you to build a clear picture of the overall alignment across the business, identifying potential gaps in communication across the family and business.

Sounds good! What next?

Complete the Family Business Dynamic Assessment.

Once all responses have been collected, the KPMG Family Business team will get in touch with you to arrange a meeting to discuss, or if you so decide, you can discuss and reflect on the questions with your family.

If you want to learn more, contact us at sa-fmfamilybusiness@kpmg.com.