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BanyanGlobal Family Business Advisors
เข้าร่วมเมื่อ 2 พ.ย. 2021
BanyanGlobal is an advisory firm working with the world's leading family businesses, family offices, and family foundations.
We focus on the family as owners of shared assets and help them navigate the challenges of the significant decisions they make. We understand that family ownership is deeply personal. As the world’s leading family business advisors, we bring deep experience and expertise with family businesses, clarify the decisions you face, offer you options, and are experts at facilitating owner groups to make decision together.
We are based on Boston and have an office in Brazil, but work with family businesses all over the world. We are a boutique firm made up of about 35 people with multi-disciplinary expertise. Our people regularly write about family business for Harvard Business Review, Family Business magazine, and more. Banyan has also been a 3-time winner of the Family Business Advisory Practice of the Year from the STEP Private Client Awards.
We focus on the family as owners of shared assets and help them navigate the challenges of the significant decisions they make. We understand that family ownership is deeply personal. As the world’s leading family business advisors, we bring deep experience and expertise with family businesses, clarify the decisions you face, offer you options, and are experts at facilitating owner groups to make decision together.
We are based on Boston and have an office in Brazil, but work with family businesses all over the world. We are a boutique firm made up of about 35 people with multi-disciplinary expertise. Our people regularly write about family business for Harvard Business Review, Family Business magazine, and more. Banyan has also been a 3-time winner of the Family Business Advisory Practice of the Year from the STEP Private Client Awards.
Should we even continue to be in business together?
Family business owners should be choosing to stay together because they want to. It should be a choice. If they make it a choice, they will probably stay together longer because they have discussed (and should continually discuss) and agreed upon the answer to the question: Why should we continue to own this together?
“Family business owners should stay together because they want to.”
“Family business owners should stay together because they want to.”
มุมมอง: 1
วีดีโอ
No one in the next generation is interested in working in the business. What do we do?
มุมมอง 52 ชั่วโมงที่ผ่านมา
Many families believe that if no one in the next generation wants to work in the business, that means the end. Families often expect and assume that if you’re not working in the business, then why do you still own the business? At Banyan, we deeply believe in the power of ownership, and we believe that if you get ownership right, working in the business can be important, but it’s not everything...
Why do families hire outside advisors to help with succession planning? Can we do it on our own?
2 ชั่วโมงที่ผ่านมา
Many families in business together are able to successfully navigate the transition process on their own, but it is a high stakes process and one that you only go through once per generation, so it’s important to get it right. Outside advisors can bring value through their experience working with other families who have successfully navigated this process. “It’s a high-stakes process. You’re on...
What do family business advisors do?
มุมมอง 12 ชั่วโมงที่ผ่านมา
Family business advisors help families navigate succession planning process. They help families structure a process that is impartial and supports them as they think about the decisions they need to make as they move a business from one generation to the next. They help families identify the questions that need to be answered, help facilitate meetings, help mitigate conflict when that becomes a...
What makes Banyan different?
มุมมอง 12 ชั่วโมงที่ผ่านมา
What makes Banyan different from other family business advisors? First, our clients are the full group of owners, not just the patriarch or matriarch. Second, though we are established thought leaders - we’ve synthesized what we’ve learned in our work into published articles and the Harvard Business Review Family Business Handbook, - we are always learning from our clients, customizing our prac...
How do I know if my children are ready to step up?
มุมมอง 22 ชั่วโมงที่ผ่านมา
It can be difficult to know when the next generation is ready to join the family business which is why we suggest looking at it from 3 different perspectives: the current generation, the next generation, and the shareholders. Parents may never really know if their child is ready to join the business, but if you can see from your child’s perspective that they are making the right decision for th...
How do we motivate the next generation to step up?
2 ชั่วโมงที่ผ่านมา
If the next gen grows up with the notion that in their life’s success only looks like a role in the family business, their identity is going to entwine with the business completely. That’s not always a good thing, it can cause more problems than expected. Rather than only focusing on motivating the next generation to join the business, the current generation should prepare them to be able to wo...
What are the biggest risks in a transition process?
มุมมอง 12 ชั่วโมงที่ผ่านมา
Transitioning from one generation to the next in a family business is a challenging task, but if the family can mitigate the risks of doing it badly, it will make the eventual handoff much easier. Poor communication among family members is one of the main risks in a transition process. Lack of alignment can set a family up for conflict. Another one of the biggest risks is poor planning or failu...
Are we the worst family you've ever seen?
มุมมอง 12 ชั่วโมงที่ผ่านมา
In nearly every client relationship we’ve been involved with over the years, at some point a family member will quietly ask us “Are we the worst family you’ve ever worked with?” The answer is always no. But it’s a common feeling. So we try to normalize that feeling - making decisions together as a family is really hard and sometimes that process can bring out old hurts. That is challenging, but...
We're Stuck. How can you help?
มุมมอง 52 ชั่วโมงที่ผ่านมา
Families come to Banyan when they can no longer make progress on their own and they feel stuck. We can help in two main ways. We have deep experience with 258 (and counting!) business families, so we have seen what works, and what doesn’t. Through this experience, we have developed, and continue to evolve, a process that allows family business owners to come together and make decisions about th...
Building your ‘Fit for Purpose’ Board
มุมมอง 7วันที่ผ่านมา
When starting or refreshing a board, many family business owners start with determining who should be on the board. But, as Banyan‘s Rob Lachenauer explains in this video, you will build a far more effective board if you begin by deciding the purpose of your board for the next 3-5 years. After you’ve determined that, then consider what qualities the individual board members must have to be able...
When Good Intentions Can Cause Misalignment
มุมมอง 1021 วันที่ผ่านมา
In a family office when the family is both the owner and the client, it is essential to have structure in place to make sure that the owners are focused on the most important decisions while also clearly distributing other decision-making power. A good way to ensure that decision-making doesn’t get messy in a family office is to use the Four-Room Model. As Banyan’s Ben Francois explains in this...
Case Study: The Four-Room Model in Practice
มุมมอง 1021 วันที่ผ่านมา
At Banyan, we have heard repeatedly that the Four-Room Model is the most impactful framework in the Harvard Business Review Family Business Handbook. In this video, third-generation family business owner, John Phelps, describes how his family implemented the Four Rooms and the impact it had on their business-and their relationships. Key Takeaways: • The Four-Room Model is a good guideline for i...
How to Know You Have a Missing Room
มุมมอง 321 วันที่ผ่านมา
We often see that the owner room in the Four-Room Model of governance is the last to develop in family businesses. This is often because decisions about the family business are usually initially made in the family room. But as the family grows, the family room is not the most effective place to make important owner-level decisions. In this video, Banyan’s Alison Isaacson shares why this happens...
It’s Not All About Voting Power
มุมมอง 1121 วันที่ผ่านมา
In this video, Banyan’s Alison Isaacson explains the concept of “voice and vote” in family businesses. Although not all owners may have the legal right to vote the shares, it can be incredibly beneficial to hear the “voice” of the other owners. Alison explains how effective this can be, sharing a story of how one owner with the voting power wanted and valued the perspective of the rest of the o...
Building the Best Board of Directors for Your Company
มุมมอง 621 วันที่ผ่านมา
Building the Best Board of Directors for Your Company
What do world class family offices have in common?
มุมมอง 1202 หลายเดือนก่อน
What do world class family offices have in common?
Red flags that your family isn’t ready for a family office
มุมมอง 1302 หลายเดือนก่อน
Red flags that your family isn’t ready for a family office
The Three Essential Strategies Every Family Business Needs
มุมมอง 152 หลายเดือนก่อน
The Three Essential Strategies Every Family Business Needs
5 Kinds of Ownership Roles in a Family Business
มุมมอง 572 หลายเดือนก่อน
5 Kinds of Ownership Roles in a Family Business
The One Number That Indicates Growth in a Family Business
มุมมอง 422 หลายเดือนก่อน
The One Number That Indicates Growth in a Family Business
How is an “Owner Strategy” different from business strategy?
มุมมอง 862 หลายเดือนก่อน
How is an “Owner Strategy” different from business strategy?
Ensuring Fairness in Your Family Office
มุมมอง 302 หลายเดือนก่อน
Ensuring Fairness in Your Family Office
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