Family Business Forum: When it Comes to Your Business Family, Does $$$ Really Make the World go Around?

When it comes to your business family, does $$$ really make the world go around?

The physical/financial assets and rewards from your family business are to serve your other intangible, non-financial family assets.

If we want well-rounded individuals, families, communities, and societies, we need to ensure we allocate sufficient resources and focus to build and transfer these intangible assets over time.

Your Intangible Assets include:

Human assets:

Who makes up your family? What are the skills, experiences, backgrounds and capabilities of your family and each member?

Social Assets:

What your business family is known for? What does your business family stand for?

Structural Assets

How well does your business operate without the owners? What owners leave inside the business when they are finished with it.

Come with your thoughts, questions and agreements/ disagreements about the above.

During this forum, we will share perspectives and insights among your peers. We will meet you wherever you are at, understanding that as each family business is unique, these assets will be too.

Facilitated by  Bryan Huck, CPA and Business Transitions Services Manager at BDO Canada LLP. He has over 20 years of finance & operations leadership in a diverse range of businesses. Before joining BDO, Bryan operated a successful family business advisory practice.

Bryan's collaborative communication style and ability to make people feel at ease is at the heart of everything he does. He works with clients across various industries, facilitating and implementing transition plans to position the business and the family for long-term success. His strong project management skills ensure his clients stay on track.