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Are We Reaching Charidy Fatigue

By Chris Ford20 December, 2015July 16th, 2021Articles, Blogspot, COL Live, Shmais

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As Charidy become the new online sensation, David talks about how this becoming an overused funding campaign. He pointed out that if this would go on, donors would be left in fatigue. [ COL Live, Blogspot, Shmais].

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360-degree human actionable intergenerational wealth planning practices AFL business owner clearview financial media conflict resolution in family business coronavirus covid19 cricket E-Myth Revisited case study entrepreneurship Facebook family business family office family wealth future of work generational wars hnwi intergenerational intergenerational wealth Jewish culture leadership marketing nextgen next generation NFL not for profit ok boomer organisational culture own a business not a job pandemic philanthropy Political Public Speaking satire shelter in place social commentary social distancing social media Sports succession planning succession planning best practices succession risk assessment superbowl USA

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Pruning the Tree As a tree grows, it is often hel

Pruning the Tree

As a tree grows, it is often helpful to prune some branches to make space for other branches to grow. As families grow generationally, "pruning" - allowing some family branches to exit - can be beneficial both to the main family group and to the group that chooses to exit.

As families grow, so does the diversity of family members. Managing the diverse needs and expectations becomes much harder. Unless the family business is always growing, it can be hard to support a growing number of owners. There can be ripples of discontent that can lead its members to seek escape. Also, you are never alone when it comes to engaging in conflict with other family members. Other family members are inevitably part of the mix.

Many large business families have a mechanism whereby a family member can leave the business and remain part of the family. Where such a mechanism doesn't exist, an exit may require something as dramatic as selling the business. Because family businesses have emotional as well as financial value to the family, this can lead to regret and further discontent.

Simply having a mechanism for exit is of paramount importance. If not, family members can feel trapped.

A case in point was Megxit, where membership of the royal family is based on performance as a family member, so they could not just step back. There were no structures to internally manage change, adversity and conflict. Sadly, their only option was to leave completely.

Consider This: Does your family have an exit mechanism for family members? Are any family members involved out of a sense of obligation rather than because they choose to?

Actionable Generational Wealth Succession
For more in-depth, thought-provoking discussion points and further commentary on family and business conflict resolution, access my Familosophy newsletter archives by signing into our newsletter https://DavidWerdiger.com. We will send you the archive links from there.

#familyoffice #wealthmanagement #conflictresolution #strategicmanagement �#nextgensuccession #intergenerationalwealth #governance #leadershipdevelopment

Wealthy Family Vulnerability Consider This: Does

Wealthy Family Vulnerability

Consider This: Does your family have policies about the use of social media, and acceptance of 'friendship'. Do family members have an awareness of spotting 'hangers on', and maintaining the right degree of scepticism and vigilance when meeting new people?

There's a fascinating story currently on Bloomberg about the Singh brothers - heirs to an Indian health-care empire - and their relationship with guru Gurinder Singh Dhillon. What makes this interesting is the financial relationship between them, and the dramatic fall in their fortune over the last few months.

It brings to mind another story with plenty more still to happen - that of Clare Bronfman's involvement with a New York self-help group called Nxivm, which appears to display cult-like behaviour. In addition to Bronfman sisters using their substantial fortunes to underwrite Nxivm in a variety of ways, most recently there have been accusations of criminal behaviour including conspiracy and criminal racketeering, and Ms Bronfman herself has been arrested and is out on USD 100M bail.

Stories like this are a warning bell to wealthy families of their vulnerability to people of all kinds with ulterior and sometimes nefarious motives. Many families employ gatekeepers to protect them, but this is a never-ending game of cat and mouse. Social media and techniques like social engineering can readily be used by protagonists to worm their way in. When it comes to trust, families should observe a healthy (but not obsessive) measure of vigilance.

[reprinted with permission]

Actionable Generational Wealth Succession
For more in-depth, thought-provoking discussion points and further commentary on family and business conflict resolution, access my Familosophy newsletter archives by signing into our newsletter https://DavidWerdiger.com. We will send you the archive links from there.

#familyoffice #wealthmanagement #conflictresolution #strategicmanagement �#nextgensuccession #intergenerationalwealth #governance #leadershipdevelopment

Top Tips For Effective Charitable Giving Research

Top Tips For Effective Charitable Giving
Research has found that giving to charity increases happiness and an overall sense of well-being for the giver.

How to be more effective:
Full article https://www.forbes.com/sites/johnjennings/2022/04/30/top-tips-for-effective-charitable-giving/

Actionable Generational Wealth Succession
For more in-depth, thought-provoking discussion points and further commentary on family and business conflict resolution, access my Familosophy newsletter archives by signing into our newsletter https://DavidWerdiger.com. We will send you the archive links from there.

#familyoffice #wealthmanagement #conflictresolution #strategicmanagement �#nextgensuccession #intergenerationalwealth #governance #leadershipdevelopment

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