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Family Business
09 April 2015

DNA CULTURE

Successful management of DNA embeds values

SETTING up and managing a family business is one of the most challenging things anyone can do. WSBA asked Leanne Hegerty, Partner Private Enterprise at KPMG to answer some questions relating to the keys issues around setting up and managing a family business.

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Be the devil’s advocate in your business

PASSION and vision are two characteristics that make a good leader. It’s important that these traits be tempered by humility.

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Proper planning can secure the future

WHILE it’s not always top of mind for business owners, succession planning is critical to ensuring the long term success and value of the family business. A well-considered and successfully executed plan is key to securing a stable and sustainable future.

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Importance of keeping it all together

STARTING a family business is easy, relatively speaking; sustaining it beyond a couple of generations is more challenging. It’s often said that the typical family business goes from rags to riches and back to rags in three generations.

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Western Sydney Business Access (WSBA) covers the business and community issues of the Greater Western Sydney region of Australia. WSBA is the popular media source for connecting with the pulse of the region and tapping into it's vast opportunities and networks.