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Managing the business of the family
Entrepreneurs and business owners face a unique set of opportunities and challenges. Our dedicated Private Company Services group understands this. We’re part of a global network of advisers who are committed to driving your success. We’ll make a difference by connecting you to affordable solutions that help you navigate the road ahead, build value in your business and achieve the return you’re looking for.
Successful family firms are based on well-established professional management, responsible business ownership and a healthy family dynamic. But balancing these elements can often be a challenge and the reason for failure.
Planning for succession is planning to succeed. Competition is threatening, the war for top talent is on, tax rules are becoming more complex and the pressure to innovate to stay ahead is increasing.
In our recent global next gen study, we found that next gens are more likely to succeed in an environment which is not only supportive, but allows them the freedom to pursue their own ideas and the chance to take on responsibility.
Based on the research conducted for the 2017 Next Gen Study, we see four main approaches next gens are taking to separate the different challenges, risks and opportunities they encounter as they build their own paths to success.
Saul Plener
National Leader, Private Company Services, PwC Canada
Tel: +1 905 418 3471
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