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Ask the Advisor: How to prepare the next gen for leadership?

In Ask the Advisor, we put your questions to the experts. Our FBA Family Business Accredited Advisors answer frequently asked questions from family business clients for your benefit. Responses are from trusted professionals who understand the ins and outs of family business. In this Ask the Advisor, Annette Bonnett answers the question "What should we be doing to prepare the next generation to be involved in the leadership of the business?".

Meet Our Member: Jacobsen Flooring Group

Jacobsen is a third-generation, New Zealand owned business that has been shaping the flooring industry in Aotearoa since 1962. The Jacobsen Flooring Group isn’t just a family business, but a family of businesses, including Jacobsen, one of New Zealand’s largest flooring suppliers, and Tredsafe, which specialises in flooring safety products such as stair nosings, transitions, and our proprietary stair nosing insert.

Meet our Member: The Search Engineers

The Search Engineers is a second-generation digital marketing agency based in the southeast of Queensland. Since the late 90s, husband and wife Team Sue and Herb, have worked in digital marketing and have a deep, rich experience working with the internet. Caroline, a Nielsen Norman certified UX Specialist in her own right, has now joined the team to expand their expertise and continue the Family legacy. 

Ask the Advisor: How much is my business worth?

In Ask the Advisor, we put your questions to the experts. Our FBA Family Business Accredited Advisors answer frequently asked questions from family business clients for your benefit. Responses are from trusted professionals who understand the ins and outs of family business. In this Ask the Advisor, Shaun Madders answers “How much is my business worth?” “How do I sell it?”, “Who will buy it – family or someone else?”, and finally, “How much tax will I pay?”.

Meet Our Member: Winkle Group

Winkle Group began with humble beginnings in father Des’s home garage in Morphett Vale. Des, an exceptional joiner, partnered with his friend John to start a business specialising in commercial joinery and small retail fit-outs. As demand increased, they quickly outgrew the garage and moved into a warehouse to expand.

Ask the Advisor: How can I pay less tax?

In Ask the Advisor, we put your questions to the experts. Our FBA Family Business Accredited Advisors answer frequently asked questions from family business clients for your benefit. Responses are from trusted professionals who understand the ins and outs of family business. In this Ask the Advisor, Carolyn Baker answers "How can I pay less tax?"