Family Wealth Continuity ENTERPRISING FAMILY INVESTMENT APPROACHES - - PowerPoint PPT Presentation
Family Wealth Continuity ENTERPRISING FAMILY INVESTMENT APPROACHES Defining Success: What is an Enterprising Family? Family enterprise: Enterprising family: Family business: A diverse set of assets Family is unit of A discrete and
ENTERPRISING FAMILY INVESTMENT APPROACHES
Defining Success: What is an Enterprising Family?
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Family business:
A discrete
Family enterprise:
A diverse set of assets and operations which may include family office and philanthropy
Enterprising family:
Family is unit of analysis, perpetuation
What Is Unique About Family Ownership
“A central precept of transgenerational entrepreneurship is the focus on the family itself, independent from any individual firm… (transgenerational entrepreneurship refers to) the processes through which a family uses and develops entrepreneurial mindsets and family influenced resources and capabilities to create new streams of entrepreneurial, financial and social value across generations.”
“Longevity of Family Firms to Transgenerational Entrepreneurship” Family Business Review, 2012
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Owners are unit of analysis….
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Bind us together vs. express individuality Reinforce legacy vs. reinvention Protect from bad decisions vs. learn individual responsibility
The Core Driver of the Enterprising Family
Family Mission:
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Eric A. Reeves Managing Director, Duchossois Capital Management
Our Speakers
Wendy Nelson Board Member Carlson Inc. Carlson Owner Chair, Carlson Family Foundation Jennifer Steans President and CEO, Financial Investments Corporation Ken Hooten Partner, Concentric Equity Partners Craig J. Duchossois Chairman and Chief Executive Officer, The Duchossois Group, Inc.
Counterintuitive Portfolio Approach
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“Entrepreneurial vision, in particular, a long-term orientation and a diversified portfolio approach, is a hallmark of successful family
jeopardized by emotional attachment and risk aversion that stifles innovation”
Finding the Sweet Spot in Family Business, McKinsey and Company, 2015
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Enterprising Family Investment Model
Purpose
Family Enterprise
FAMILY DRIVERS BUSINESS FACTORS
OUTCOME
Investment Portfolio, Operations Businesses, Governance
IMPACT
Common Themes In Successful Family Investors
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Purposeful Inclusive High Caliber Talent Family Commitment Transparent