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Join us as a valued sponsor for our 2025 Family Business Conference, an event dedicated to fostering growth and collaboration within the dynamic landscape of family-owned enterprises.
Family Business Association News & Articles keep up to date on all news.
Join us as a valued sponsor for our 2025 Family Business Conference, an event dedicated to fostering growth and collaboration within the dynamic landscape of family-owned enterprises.
KPMG and Family Business Association (FBA) work together to support family businesses across our nation. Family Businesses are the backbone of Australia's economy and make a significant broader contribution to the communities in which they operate.
Now in its 25th year, the Family Business Conference 2025: Asia-Pacific will be held from 20 - 23 May 2025 in Western Sydney. Based at the Pullman Sydney Penrith, we will be perfectly located to enjoy everything the area has to offer from nearby family businesses to the beautiful Blue Mountains. The program is shaping up to be one of our best yet, with former Facebook CEO, Stephen Scheeler, and TV Presenter and Journalist, David Koch all set to share their insights on how to succeed in a changing digital world, and a holistic economic update.
The Kotzur Group, now in their 71st year, is a proud family-owned manufacturing business that began on the Kotzur family farm, 'The Pines', at Alma Park in southern NSW. Here, the Kotzur family grew crops, wool, and pork, and in fact, contributed supplies to the World War II effort. Over the decades, the Kotzur Group has grown from supplying farmers handling grain to customers from multiple sectors across agriculture, mining and industry, handling numerous products. We spoke with FBA Forum Group member, Ben Kotzur, about his family business, its history and its growth throughout the years.
Australia's Workplace Culture Conference: Gain the ultimate competitive edge at CultureCon™ Sydney 2024 – Bestselling author Johann Hari to headline.
Over a decade ago, 1Above launched their flight drink, aimed to combat jet lag. As a product enjoyed by many travellers, it has now become a family-owned business run by three brothers who, interestingly, were satisfied customers turned investors and ultimately, proud owners. We spoke with the team at 1Above to learn more about the family business and their transition from being a customer to overseeing the business grow into a leading name on Amazon USA and Australia.
A conversation can change a life. R U OK? Day is on Thursday 12 September. Let your family, colleagues and friends know you are there to support them and help raise awareness of the importance of staying connected and asking, ‘Are you okay?’.
FBA was saddened to hear of the passing of Peter Taylor, previous FBA Queensland Chair and Board member. FBA Life Member, Emeritus Professor Ken Moores AM reflects on Peter Taylor’s life, business and contribution to the family business community.
Quest Legal, a family-run business dedicated to simplifying business law for individuals and small businesses, is more than just a legal firm. With locations in the heart of Sydney CBD and Perth, their boutique has served clients for over a decade, offering a wide range of personalised services tailored to their unique needs. FBA’s NSW/ACT State Representative, Lisa Jay, spoke with Luisa Perez from Quest Legal to learn more about the family business, Luisa’s legal experiences and how that began her venture into the business.
Reid Stockfeeds, a proud Victorian family-owned business, has been creating and delivering quality feed for healthy livestock for nearly 40 years. Starting from their kitchen bench and delivering in a little red Ford 600 tipper, they have grown into a respected family business supplying farms across Victoria, New South Wales, South Australia and other areas within Australia.
In the heart of Brisbane's James Street precinct, a new gem has emerged: The Calile Hotel. This luxurious destination isn't just another boutique hotel; it is the latest chapter in the enduring legacy of the Malouf family, a family whose name has been synonymous with ambition, elegance, and a deep commitment to the community for over a century. We spoke with the Malouf Family to learn more about their family business and their history.
Join us as a valued sponsor for our 2025 Family Business Conference, an event dedicated to fostering growth and collaboration within the dynamic landscape of family-owned enterprises.
KPMG and Family Business Association (FBA) work together to support family businesses across our nation. Family Businesses are the backbone of Australia's economy and make a significant broader contribution to the communities in which they operate.
Now in its 25th year, the Family Business Conference 2025: Asia-Pacific will be held from 20 - 23 May 2025 in Western Sydney. Based at the Pullman Sydney Penrith, we will be perfectly located to enjoy everything the area has to offer from nearby family businesses to the beautiful Blue Mountains. The program is shaping up to be one of our best yet, with former Facebook CEO, Stephen Scheeler, and TV Presenter and Journalist, David Koch all set to share their insights on how to succeed in a changing digital world, and a holistic economic update.
The Kotzur Group, now in their 71st year, is a proud family-owned manufacturing business that began on the Kotzur family farm, 'The Pines', at Alma Park in southern NSW. Here, the Kotzur family grew crops, wool, and pork, and in fact, contributed supplies to the World War II effort. Over the decades, the Kotzur Group has grown from supplying farmers handling grain to customers from multiple sectors across agriculture, mining and industry, handling numerous products. We spoke with FBA Forum Group member, Ben Kotzur, about his family business, its history and its growth throughout the years.
Australia's Workplace Culture Conference: Gain the ultimate competitive edge at CultureCon™ Sydney 2024 – Bestselling author Johann Hari to headline.
Over a decade ago, 1Above launched their flight drink, aimed to combat jet lag. As a product enjoyed by many travellers, it has now become a family-owned business run by three brothers who, interestingly, were satisfied customers turned investors and ultimately, proud owners. We spoke with the team at 1Above to learn more about the family business and their transition from being a customer to overseeing the business grow into a leading name on Amazon USA and Australia.
FBA was saddened to hear of the passing of Peter Taylor, previous FBA Queensland Chair and Board member. FBA Life Member, Emeritus Professor Ken Moores AM reflects on Peter Taylor’s life, business and contribution to the family business community.
A conversation can change a life. R U OK? Day is on Thursday 12 September. Let your family, colleagues and friends know you are there to support them and help raise awareness of the importance of staying connected and asking, ‘Are you okay?’.
Quest Legal, a family-run business dedicated to simplifying business law for individuals and small businesses, is more than just a legal firm. With locations in the heart of Sydney CBD and Perth, their boutique has served clients for over a decade, offering a wide range of personalised services tailored to their unique needs. FBA’s NSW/ACT State Representative, Lisa Jay, spoke with Luisa Perez from Quest Legal to learn more about the family business, Luisa’s legal experiences and how that began her venture into the business.
Reid Stockfeeds, a proud Victorian family-owned business, has been creating and delivering quality feed for healthy livestock for nearly 40 years. Starting from their kitchen bench and delivering in a little red Ford 600 tipper, they have grown into a respected family business supplying farms across Victoria, New South Wales, South Australia and other areas within Australia.
FBA has developed a dedicated website, providing key information and collateral for you to use to promote, celebrate and support family business on 19 September. You’ll find key statistics, social media assets, short videos, suggested text and family business stories. Let's make a splash this National Family Business Day.
How can New Zealand employers navigate the changes to immigration policy? The team at NZ Visa Connections, a New Zealand family business, take you through some of the key complexities for employers, and provide guidance in hiring and retaining overseas workers, ensuring compliance, optimising immigration strategies, and building a high-performing workforce.
In partnership with COSBOA, FBA are delighted to offer online cyber security warden training. Funded by the Federal Government, this training is free, only takes a few minutes and will really add value to your business. It could save you $46,000!
Indigo Imports, a family business run by Father Son duo, Dev and Gagan Singh, is a wholesaling company that supplies rugs, mats and carpet to national flooring stores, rug stores, online retailers, interior designers and furniture stores across Australia. We had a chat with them to find out more about their family business and how their products differ from other businesses. At the end of our chat, Dev also generously shared his advice for other family businesses.
We are delighted to present Family Business Association's 2024-2027 strategy. Developed in collaboration with our Board and team, this strategy reaffirms our Vision, Mission and Values, and provides a clear focus for the next three years. Hear directly from our CEO, Catherine Sayer in our strategy video and download the strategy summary.
Family business dynamics can be complex and isolating. Do you feel alone when facing family business challenges? I am here to tell you, you’re not alone and your problems are not unique. By discussing and resolving these issues with others who have the same experiences and genuinely understand your struggles, you can feel understood and empowered. Connecting with peers provides a network of support and guidance for every challenge you and your family business face.
Considerations for legacy building in challenging times.
Overlooking the southern side of Wilpena Pound, Rawnsley Park Station provides the perfect base for exploring South Australia's beautiful Flinders Ranges. Over the 40 years that the Smith family has been operating there, Rawnsley Park has developed from a small family business into a tourism resort with an extensive range of accommodation and visitor experiences for both domestic and international visitors. We spoke with the Smith family to learn more about the family business and how they made tourism in the Flinders Ranges more attractive to international visitors.
Family Business Association (FBA) advocates for the family business sector over concerns the upcoming Industrial Relations Legislation changes on 26 August will have unintended consequences on Australia’s family businesses.
Your family business could face significant disruption if a family member needs to access money for a divorce settlement. That’s why it’s important to develop a family policy on prenuptial agreements to protect your business and wealth. We share tips on how to approach these sensitive conversations and why it’s important to start early.
Healthy family business interactions are underpinned by healthy family relationships. Sometimes the collaboration and rapport-building practices taught in MBA programs don’t have the same traction in family businesses. If there’s relationship tension in your family business, strategies based on ‘Bowen family systems theory’ may help you get to the root of the problem, and help you find a solution.
Family Business Association (FBA) is proud to be promoting Australian Family Businesses through a fortnightly segment on 3AW's Australia Overnight with Tony McManus. On 10 July 2024, Brandon Reynolds from The Yoghurt Shop joined Tony McManus to discuss the family business, their humble beginnings at the Adelaide Central Market, how it grew into the business it is today and future plans for the business expanding into some of the larger cities they work in.
Since its inception in 1962 by Neil T Fallon, Fallon Solutions has been synonymous with quality and unparalleled service in the trade industry. We spoke with the Denning family, who has assumed leadership for the business, to learn more about their values and approach towards running the family business.
Family Business Australia Ltd (trading as Family Business Association) is calling for Director Nominations across four regions - New South Wales/ACT, Queensland, South Australia/Northern Territory and Victoria/Tasmania - and encourage applications from FBA members by 26 August 2024.
Congratulations to our recent graduates of Family Business Association's Accredited Advisor Program!
One door closes and 5 more open in our Forum Group Program as we say thank you and farewell to Peter Ivett and welcome 5 new Forum Facilitators across NSW/ACT and VIC/TAS.
FBA was saddened to hear of the passing of Rosemary Michell, a long-time friend of FBA.
Raffaele Ciuca Bridal has proudly housed Australia’s most expansive selection of wedding dresses for over 65 years. Established in 1956 by Tina and her husband Raffaele Ciuca, the family, now in its 4th generation, continues to deliver masterful tailoring and fine garments to clients across Victoria and beyond. We caught up with Patricia and her mum, Tina, the matriarch of the family and CEO, to learn more about the family business, as well as reflect and appreciate all the family has achieved.
The ability for family businesses to weave their legacy through generations is powerful as they pass down experiences, values and knowledge. Then it’s up to the next generation to leave their own mark by exploring new ideas that will take their legacy to another level.
Last week, the Stillwell family opened their doors to Brighton BMW for our Meet the Owner Event to the delight of Victorian Family Business and Advisor Members.
iDrive Relocations Ltd is a second generation family business who offer door to door vehicle delivery anywhere in New Zealand. We had a chat with Rachel Callister to learn more about the family business, what sets them apart in their industry and any advice she had for other family businesses.
Less than 2 weeks before submissions close for the Family Business Excellence Awards! Enter by next Friday, 12 July, to take your chance and be celebrated.
Grace Funerals is a compassionate funeral service provider that has been operating in the Blue Mountains for over a century. For over 12 years, they have been blending innovation and creativity with state-of the-art-technology, setting them apart in their industry. FBA's NSW State Representative, Lisa Jay, spoke with Asha Dooley to learn more about the family business and how they go the extra mile to tailor their services to honour every unique life of their clients' loved ones.
The Evolution of Family Business from tradition to innovation through legacy.
Last Thursday night, Family Business Association (FBA) members from across Australia gathered for our Winter Warmer events. Despite the chilly weather in most parts of the country, it was great to see so many new and familiar faces enjoying each other’s company, swapping stories, and sharing advice.
An Australian importer since 2006, Nicola Depiazzi is a mother of three, avid runner and reader, nature enthusiast, and interested in mindset and personal development. FBA's WA State Representative, Katie McMeekin, spoke with Nicola from Green Pillars Co. to learn more about the family business, how it started and how they are helping other businesses achieve complete business reliability.
Many people in New Zealand don't have enough insurance to cover the full replacement value of their assets. This means they are underinsured and may face difficulties rebuilding their property or replacing possessions to the same standard if they are damaged or destroyed. Underinsurance often happens because people don't update their insurance based on the current replacement value of their assets such as property, business assets and other possessions.
Shareholders and directors of businesses with significant health and safety risks need to understand what is at stake if they breach health and safety laws. Beyond criminal sanctions, an unprecedented case is testing whether assets acquired from business operations can be seized under the Criminal Proceeds (Recovery) Act 2009 (CPRA) for health and safety offences. The CPRA allows authorities to trace and seize assets believed to be derived from significant criminal activity.
Creating a strong, intentional culture is essential for any business, but it’s especially crucial for family-owned businesses. This guide offers practical advice on building an intentional culture that aligns with your business goals and values, ensuring that family dynamics do not interfere with business operations.
KPMG and Family Business Association (FBA) work together to support family businesses across our nation. Family Businesses are the backbone of Australia's economy and make a significant broader contribution to the communities in which they operate.
We spoke with Chris Mueller at Global Confectionery to learn more about the family business, their history and how they continue to grow and move the business forward.
Grundy’s Shoes, a proud South Australian family-owned and operated business, is now in its 156th year, spanning 7 generations and counting. Grundy's is the oldest continuous Rundle Street trader and one of the oldest family businesses in South Australia. FBA's SA State Representative, Amanda Russell, spoke with the team at Grundy’s Shoes to learn more about the family business, their history and how they continue to evolve.
In partnership with the Office for Small and Family Business, FBA is offering a series of three workshops specifically tailored to the unique needs of family businesses, providing you with practical knowledge and capability across three core family business areas - Succession, Governance and Legal Considerations. These workshops will provide you with practical knowledge that’s critical to improve business processes and drive sustainable growth for generations, no matter your stage in business.
Access our exclusive suite of courses tailored specifically to the unique needs of family businesses. Gain practical knowledge and actionable steps to improve business processes and drive sustainable growth.
Through our continued partnership with FFI | Family Firm Institute, we are delighted to offer FBA Advisor Members a significantly discounted rate for an FFI Individual Membership Subscription.
Family Business Association (FBA) is proud to be promoting Australian Family Businesses through a fortnightly segment on 3AW's Australia Overnight with Tony McManus. On 28 May 2024, Val Montagnana-Wallace from Hyphen joined Tony McManus to discuss the family business, how Hyphen first started, how it grew into the business it is today and their future plans going forward.
We spoke with new FBA members, Amanda and Charlie at Veggie Box, to learn more about the family business and the incredible work they do working with charities and community food banks.
FBA State Representative, Laura Suarez, spoke with FBA member, Des Watkins Jr., to learn more about the family business and the rich history behind the steel fabrication company spanning over five decades.
We spoke with the team at All Secure Self Storage to learn more about the family business, their legacy and their commitment to technology to enhance the customer experience.
KPMG and Family Business Association (FBA) work together to support family businesses across our nation. Family Businesses are the backbone of Australia's economy and make a significant broader contribution to the communities in which they operate.
We spoke with FBA member, Adrian Fiore, to learn more about his family business and major milestones for the business.
KPMG and Family Business Association (FBA) work together to support family businesses across our nation. Family Businesses are the backbone of Australia's economy and make a significant broader contribution to the communities in which they operate.
Family Business Association celebrates success in family business through our annual Family Business Excellence Awards. Last night, we announced the 2024 Family Business Excellence Awards winners at the Family Business Conference 2024: Asia Pacific in Cairns. It was a fantastic night celebrating the achievements of family businesses across Australia and New Zealand.
Family Business Association (FBA) is proud to be promoting Australian Family Businesses through a fortnightly segment on 3AW's Australia Overnight with Tony McManus. On 1 May 2024, Rachel Beard from A.H. Beard joined Tony McManus to discuss the family business, the rich history behind the business' 125 years of legacy, its humble beginnings, how it grew into the business it is today and the next generation working in the business.
We spoke with the team at Soniclean to learn more about their story and family business.
KPMG and Family Business Association (FBA) work together to support family businesses across our nation. Family Businesses are the backbone of Australia's economy and make a significant broader contribution to the communities in which they operate.
The team at Stewardship Asia Centre share how the best family businesses succeed at sustaining their organisations, the key traits of successful family businesses and how a genuine desire and persistence to create a collective better future for stakeholders, society, future generations and the environment, called Steward Leadership, can help sustain a family business.
We spoke with FBA member, Pamela Jabbour from Total Image Group, to learn more about their family business and the work they do in designing fit-for-purpose and fashion-forward uniforms.
KPMG and Family Business Association (FBA) work together to support family businesses across our nation. Family Businesses are the backbone of Australia's economy and make a significant broader contribution to the communities in which they operate.
In response to the recent 2023 changes to the Australian Privacy Act, Peter Gatt at Majestic Computer Technology explores what these changes mean for your business and the family business community.
Family Business Association (FBA) is proud to be promoting Australian Family Businesses through a fortnightly segment on 3AW's Australia Overnight with Tony McManus. On 17 April 2024, Daniel O'Sullivan from Abbe joined Tony McManus in the studio to discuss the family business, how it all started, how it grew into the business it is today and the next generation coming up in the business.
Only two weeks to go until we all come together in Cairns! This is your last chance to register for the Family Business Conference 2024: Asia Pacific.
We spoke with FBA member, Val Montagnana-Wallace at Hyphen, to have a chat about her family business.
KPMG and Family Business Association (FBA) work together to support family businesses across our nation. Family Businesses are the backbone of Australia's economy and make a significant broader contribution to the communities in which they operate.
We spoke with the team at Brooks Hire Service to learn more about their history and family business as they celebrate their 45th anniversary.
There is less than 4 weeks to go until we come together in Cairns for the Family Business Conference 2024: Asia Pacific!
Family Business Association (FBA) is proud to be promoting Australian Family Businesses through a fortnightly segment on 3AW's Australia Overnight with Tony McManus. On 3 April 2024, Grant Menzies from Adina Watches joined Tony McManus to discuss the family business, how it all started and the succession planning for the business.
It’s now proven that diversity in business – and not just in top leadership positions – can improve overall performance. But exactly how does it lead to an improvement in the bottom line? Here’s what the research says.
We spoke with Rebecca and Ali Hart from Stockyard Beef, FBA members in the premium beef industry, to learn more about their family business.
Family Business Association (FBA) is proud to announce a strategic partnership with KPMG New Zealand (KPMG), a leading professional services firm with global reach and deep expertise across the family business sector.
After attending and running a workshop at an FBA Forum Group Program retreat, Accredited Advisor Dean Robinson reflected on the program, his experience at the retreat and shares key takeaways for family businesses.
FBA State Representative, Lisa Jay, spoke with FBA member, Cass Donnelly to learn more about his family business and the rich history behind Australia's first haircare manufacturer.
Family Business Association (FBA) is proud to be promoting Australian Family Businesses through a fortnightly segment on 3AW's Australia Overnight with Tony McManus. On 20 March 2024, Ray Borda from Macro Group Australia joined Tony McManus to discuss his family business, the history and the next generation.
Only six weeks until the Family Business Conference 2024: Asia Pacific gets underway in Cairns. We are looking forward to coming together once again as a family business community to connect and learn across 30 April - 3 May.
We had a chat with Uroxsys Limited, new FBA members in the chemical manufacture and polymer development industry, to learn more about their family business.
Running a business can feel like navigating a maze blindfolded. One of the toughest hurdles is finding and keeping the right people in the right roles, especially as the business grows and evolves. This challenge is compounded when family members are part of the mix.
Significant penalties are being used by the Courts to ensure businesses both correctly market their goods and services and maintain adequate processes and systems to ensure that promises to customers are carried out. In this article, we discuss recent cases and key learnings to help family businesses comply with consumer protection laws.
Kylie Wilson and Deborah Johnson from Sparke Helmore Lawyers highlight what can happen when inter-family asset protection arrangements are disputed. So what should you do if you are thinking about a restructure?
There’s less than two months until the Family Business Conference 2024: Asia Pacific gets underway in Cairns. We’re excited to bring a line-up of family business experts from across Australia and the world, who will share invaluable insights on sustainable growth and harmony.
We spoke with FBA member, Richard Porter from AgXtra, to learn more about his family business and the contributions the business is making to local communities.
This International Women's Day we are so proud to celebrate all the incredible women in family business, and the contributions they make to their businesses, families and the wider community. Hear from seven women in family business as they open up about their experiences in family business and give advice for how we can empower the next generation of female leaders.
Peter Gatt, Business Development Manager at Majestic Computer Technology shares insights into how three domains - health, wealth and technology – are important in the family business context and how they can help achieve your objectives.
Family Business Association (FBA) is proud to be promoting Australian Family Businesses through a fortnightly segment on 3AW and 5AA Australia Overnight with Tony McManus. On 6 March 2024, Emily Hammon from Scenic World joined Tony McManus to discuss their family business and their plans for the future.
Introducing the full program for the Family Business Conference 2024: Asia Pacific! A jam-packed program tailored specifically for family businesses, aimed at achieving sustained harmony and growth for both the business and family.
Our VIC/TAS State Representative, Tim Smith, paid a visit to Steve Plarre at the Plarre Food Group to have a chat about their family business growth and being an early adopter of sustainability.
In a first for Family Business Association, family businesses can now access an on-demand, self-paced online course to develop a tailored strategic plan. Introducing the Strategic Business Planning Course for Family Businesses, available now.
Family Business Association (FBA) is proud to announce a new South Australian state-based partnership with Andreyev Lawyers, a renowned legal firm supporting the family business sector.
As the only conference in the Southern Hemisphere dedicated to family business, the Family Business Conference: Asia-Pacific 2024 is a rare opportunity to come together with family businesses from across Australia and New Zealand, and delve into all aspects of business, with a family business lens.
We had a chat to new FBA members, Liam and Madeline at Wet Paint Maintenance, to talk about their family business.
FBA Accredited Advisor, John Broons provides a list of key strategies and tips to help family businesses thrive and succeed across generations.
We sat down with FBA member Danielle Robertson, Founder and CEO of DR Care Solutions, to learn more about her experience in private care services and what led her to start her own family business.
Family Business Association (FBA) is proud to be promoting Australian Family Businesses through a fortnightly segment on 3AW and 5AA Australia Overnight with Tony McManus. Listen to the second segment from 7 February 2024, featuring Michael Stillwell from Stillwell Group and special guest, David Mann.
The Australian Financial Review explores how family businesses have the potential to become a battleground, when the next generation disputes who gets what. Family Business Association (FBA) CEO, Catherine Sayer, spoke with the Financial Review to shed light on the importance of succession planning for family businesses to avoid disputes over verbal agreements.
Family Business Association (FBA) are thrilled to announce an exciting new chapter in the growth and support of family businesses across Western Australia through our new Alliance Partner, WA Leaders.
We had a chat with Tory and Amanda Greer, from Stainless Steel Wire & Mesh (SSWM), who have been members of FBA since 2019 and are also active members of FBA's Forum Group Program, to learn more about their family business, the Greer family history in the wire industry and the incredible work they do to protect Australians from bushfires.
Family Business Association (FBA) welcomes a new Alliance Partner in Western Australia, BSW Connect, highlighting the commitment of both organisations in ensuring that family businesses in the Southwest of Western Australia grow and thrive.
Family Business Association (FBA) is proud to be promoting Australian Family Businesses through a fortnightly segment on 3AW and 5AA Australia Overnight with Tony McManus. Listen to the first segment from 24 January 2024, featuring Catherine Sayer, FBA CEO.
Family Business Association CEO, Catherine Sayer, and Council of Small Business Organisations Australia (COSBOA) CEO, Luke Achterstraat, jointly wrote an opinion piece on the impact the proposed Industrial Relations (IR) changes will have on small and family businesses. Published in The Daily Telegraph.
Family Business Association (FBA) has signed a partnership agreement with Hood Sweeney, forging its first state-based partnership in South Australia.
We sat down with Lynn Davidson, Managing Director of Jimboomba Turf, an FBA member in Queensland, to talk about his business, family and why he values being a member of FBA.
FBA Chair, Angus Kennard reflects on the life of family business legend, Richard Owens AM.
We are thrilled to share our line-up of international family business experts presenting at this year's conference. Whether they are travelling from across the world, or across the ditch, these global experts bring a wealth of family business experience and knowledge that transcends borders.
We caught up with our member, Tim Whittaker at Adelaide Direct Stationers to hear how FBA has supported his second-generation family business journey over the years.
Family Business Association (FBA) advocates for the family business sector in relation to the proposed industrial relations (IR) legislation.
Insurance brokers play a vital role in providing comprehensive insurance guidance, helping businesses to make well-informed decisions about their policies.
We sat down with Heartland Chips & Fallgate Farm, an FBA member in the food manufacturing and agriculture industry in New Zealand, to talk about their business and family.
Business risk is something we think about, and which keeps us up at night, but we don’t always approach it in a proactive and structured way. A gambler takes risk (and enjoys the ride); an entrepreneur manages risk. Family businesses have certain attributes that lead to additional risks compared to other businesses. Indeed, some of the perceived strengths of family businesses are a double-edged sword that have corresponding risks.
We’re delighted to release the 2024 Events & Education Calendar. It’s jam packed full of education, networking and social activities that are sure to enrich you and your family business.
Many companies entrust third parties with access to their data and systems but if they haven’t implemented the right cyber security measures, they could put a company at risk of a serious breach.
After decades of low inflation, New Zealand finds itself in a high inflation world where rapid price rises have become the new normal and many businesses are suffering from margin compression. Many longer-term contracts have been negotiated with little thought about the possibility of high inflation returning. Some will become difficult or unprofitable to perform. By being proactive, family businesses can take steps to protect themselves from the negative effects of inflation and margin compression.
Discretionary trusts, often called family trusts, are important structures frequently used in intergenerational family business. As multiple family members are usually beneficiaries of such trust entities the treatment of the assets of these trusts are often considered in family law proceedings.
Artificial Intelligence (AI) and Machine Learning (ML) are revolutionising the business landscape and driving unprecedented changes across industries. Businesses are leveraging these technologies to create scalable solutions, improve production processes, automate tasks, and optimize customer service. However, this digital transformation is not without its challenges. It brings with it a host of reputational, regulatory, and legal risks.
Learning through shared perspectives and having a trusted ‘’safe space’’ to workshop challenges are 2 pillars of FBA’s highly successful Forum program. Our Forum Group program helps members become part of a trusted advisory board, leading to improved family business dynamics and personal and professional enrichment.
Let’s look at some of the things that world-leading family businesses do to keep things clear & achieve the best results. The best family businesses have clearly defined & separated their family from the family business & ownership of family assets.
Every September, Australia and New Zealand celebrates National Family Business Day – a day designed to recognise the significant contribution family businesses make to the Australian economy, community and culture. This year, National Family Business Day will take place on Tuesday, 19 September 2023.
Awards from the Wellington business community are a far cry from what started as a ‘weekend hobby’ in 2013. Former lawyers Roman and Andrea Jewell started making jars of their now-famous range of spreads on Friday nights to sell on the weekends at local farmers markets in Wellington...
Chad Gates, Managing Director of Pronto Software, was invited to deliver a welcome address at the recent Family Business Conference 2019. Here are excerpts from his presentation.
Amidst the volatility that has characterised markets for much of 2022, ANZ Private recently hosted client events across Australia.
“There are so many things that can go wrong in a kitchen, and just as quickly as you make money, you can lose it. Having that security blanket in place is super important...
Raymond together with his wife Rosemary were FBA life members and Raymond was instrumental in the origins of Family Business Australia...
So you want to improve the profitability of your business but don’t know where to start?
Here at Brands of Kin we are rather partial to good food, and even more so to a story of a generational family business...
The Sustainable Business Network (SBN) and Grant Thornton New Zealand recently released their report into the barriers New Zealand’s current financial system creates for meaningful progress towards a low carbon circular economy.
Inflation rates are at record highs in developed economies around the world and are not only devaluing the dollar but also potentially...
A family trust can often be the right vehicle to carry on your family business and manage family wealth...
Would your assets end up in the right hands if you passed away suddenly?
Building and maintaining your brand these days can begin and end with your online presence...
Maude Wines owner and winemaker, Dan Dineen, is pragmatic about the various risks commercial winemakers face at every step of the growing, producing and transporting process.
If you’re a leader looking for the best ways to give constructive feedback, you’re in good company...
Leaders are the backbone of a family business...
I recently visited and observed a once vibrant and profitable business that had descended into mediocrity...
Something that sets family businesses apart from others is a focus on family values...
CONGRATULATIONS to the 2022 winners of the Family Business Excellence Awards...
The days of male-line primogeniture (where the eldest son inherits the entire estate) are waning, as a result of generational shifts in attitudes...
The family business is the greatest financial asset owned by the family and starting a divestment process can be quite daunting...
A recent series of property and construction sector forums hosted by Grant Thornton New Zealand provided insights into some of the biggest talking points across the sector.
More than ever we are in a war for great talent, the uncertainty of the last couple of years has left a lasting impact on the job market, with fewer candidates applying across all industries...
After a three year hiatus, the Women in Family Business Network (WIFBN) National Conference now called “Elevate Summit” is back on...
The year is 2030. I’m sitting in my home office in an apartment that’s ironically located in what used to be an office building...
Few businesses in New Zealand can claim to have as prestigious a history as Partridge Jewellers. Family-operated since the 1800s, with the sixth generation now working in the business, it is a veritable dynasty —a fact that isn’t lost on its current leader, Grant Partridge...
Family businesses in Australia have outperformed other organisational models in riding out the disruptions caused by the COVID-19 pandemic, due to...
Small and family business employers may not be aware of stringent record-keeping obligations under the Fair Work Act 2009...
South Australia’s Industry Leaders Fund has opened its 2022 study grant scheme...
A recent case has provided a detailed analysis of the law on mutual will agreements and its effectiveness as an estate planning tool in modern blended families...
Most owners think they are doing a great job in IT, but in reality, a hidden problem looms silently, until one day it all comes crashing down
With cash looking set to deliver negative real returns in the years to come, savvy investors are seeking alternative opportunities to achieve diversification and growth within their portfolios...
Governance in a public company is challenging enough.When Governance is working within your family business, family members and all people working in your business are clear about...
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Only about 3% of all family businesses operate into the fourth generation or beyond...
We have all heard the statistics that 70% of wealth transfers to the next generation fail. When this moves past 2nd generation and into the 3rd generation and beyond, this failure rate is above 90%.
Dracula's Cabaret Operations and Production Manager, Luke Newman, gives his personal insight into the pros and cons of working in a family business in the interview below...
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Family businesses are also made up of two components: 'family' and 'business'...
Bennetts Steel General Manager, Shiree Bennett, gives her personal insight into the pros and cons of working in a family business in the interview below...
ntrepreneurs are by nature innovative, creative, and risk takers. But, not all entrepreneurs are successful business owners...
Insurance is crucial for small businesses as it provides valuable support for many potential negative impacts and can represent the difference between survival or closure in crucial times...
An enduring power of attorney allows a person to appoint someone they trust to make decisions about their personal, health or financial matters at...
Birdsnest founder, Jane Cay, gives her personal insight into the pros and cons of working in a family business in the interview below...