The data is in! See what family owned businesses are saying about today’s challenges and opportunities.
Fall is a season of rituals that invite us to dig in and address the issues that will help us finish the year well. Kids go back to school, commuter traffic resumes, home projects come to completion, Congress returns to work, and so too can family firms use this moment to refocus on the topics that matter most. CFAR is dedicated to supporting family enterprises on those exact topics that help them thrive.
Family firms are always growing, adapting, and changing. Little is straightforward in a family enterprise, where the natural interaction of family dynamics and economics together creates exceedingly high stakes. Challenges to success and longevity can arise from every direction, shifting as the business matures and new generations enter. Across the transitions that family enterprises face–whether succession in ownership or management, changes to governance structures and agreements (both corporate and family), strategic pivots, altered family dynamics, or next generation development—each must be faced with head, heart, and all available resources, including talent.
For nearly 40 years, CFAR has been at the forefront of the effort to systematically understand and help family enterprises. From our origin in the 1980s inside the Wharton School of the University of Pennsylvania where we were the first academic center to offer educational programs to family businesses, to our instrumental role in founding the Family Firm Institute, to our own experience of succession as a private company that now includes a third generation of leadership and ownership… CFAR knows, admires, and brings committed expertise to this world.
We take a practical, hands-on approach to working with families across the spectrum of the family enterprise from operating companies to family offices to family foundations. Getting to know our clients is our first priority so that you can feel confident that we will move your firm forward.
Learn more about how CFAR can help your family enterprise by visiting us at .https://www.cfar.com/olb/
About CFAR
CFAR is proud to deliver our management consulting services to clients, with a commitment to unleashing potential and maximizing impact. We have, for more than three decades, provided guidance and expertise to tackle the thorniest issues—ones often rooted in a misalignment between important organizational goals and individual beliefs about what it will take to achieve them. We come to our work as curious problem-solvers. Our heritage as the Wharton School’s only multi-disciplinary, applied research center lives on in our continued dedication to advising leaders on complex organizational issues where both people and performance matter.
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The need for fact-based reporting of issues important to family owned businesses and protecting a lifetime of savings has never been greater. Now more than ever, successful families and family owned businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to family owned businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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