family enterprise legacy
Post on 15-Aug-2015
31 Views
Preview:
TRANSCRIPT
Linking Your Business Legacy to
Your Family’s Legacy
Family Enterprise Legacy
Legacy
What your family’s values are, and what your family stands for is its legacy.
Now the question becomes – how does this relate to the family business?
It may be an opportune time to consider turning your business’ good fortune into a family tradition that nurtures each generation and develops a positive vision for the family that goes beyond your family legacy.
You can do this by taking stock of what has made you so successful. You will likely find that your success – or your legacy --- is sourced in your values, and your family’s values.
Leveraging Your Family Business
Here’s one way to look at what you might build. Imagine four pillars which are the foundation of your family owned enterprise
Legacy Framework
Imagine four pillars which are the foundation of your family owned enterprise.
Legacy Foundation
Ph
ilan
thro
pic
L
eg
acy
Fin
an
cial
Leg
acy
Fam
ily
Leg
acy
Bu
sin
ess
Leg
acy
Note that the two outside pillars, the Business and Financial legacies, provide the financial strength that supports the activities of the two inside pillars, where the Family legacy and the Philanthropic legacy of the family are found.
A Strong Foundation
Ph
ilan
thro
pic
L
eg
acy
Fin
an
cial
Leg
acy
Fam
ily
Leg
acy
Bu
sin
ess
L
eg
acy
Recall we said that you already are in the process of building your legacy by the work that your business does?
Your Business Legacy is the cornerstone of the family enterprise that generates the family wealth
Business Legacy
Recall we said that you have had success supporting your family?
Your Financial Legacy is the financial security and management of assets outside of your business
Financial Legacy
Recall we said that you are already in the process of building your legacy by your values and family name?
Your Family Legacy is where the family comes from and where they are heading together
Family Legacy
Recall we spoke about your values?
Your Philanthropic Legacy is the lasting contribution your family makes by giving back in a meaningful manner
Philanthropic Legacy
We invite you to use this framework as you consider intentionally building your family enterprise legacy
Don’t forget to talk it over with your family – they probably have some good ideas!
Resources
Thanks
Please visit us again at
www.fobresources.com
top related