{"id":14768,"date":"2017-01-19T11:23:09","date_gmt":"2017-01-19T11:23:09","guid":{"rendered":"http:\/\/sabriagabarro.com\/?post_type=project&p=14768"},"modified":"2017-01-19T11:25:33","modified_gmt":"2017-01-19T11:25:33","slug":"family-businesses","status":"publish","type":"project","link":"https:\/\/sabriagabarro.com\/en\/project\/family-businesses\/","title":{"rendered":"Family Businesses"},"content":{"rendered":"
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F<\/div>amily businesses are the result of members\u2019 joint effort over many years. This includes deciding to make sacrifices that one does not personally benefit from and results in the wealth being created by working together in the company currently in full operation.<\/p>\n

The major challenge facing family companies seeking to achieve continuity, growth and permanence over time is institutionalisation. 60% of these companies do not survive the second generation and 85% do not survive the third. The main reasons are commercial competition, selling off the company and family disputes. That is why the strategy we follow in our family business service focuses mainly on:<\/p>\n

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  • Assessing where the company\u2019s and family\u2019s economic strength lies.<\/li>\n
  • Defining an appropriate distribution and access to the company\u2019s profits.<\/li>\n
  • Having the legal means in place to keep the business running.<\/li>\n
  • Having clear, legally defined procedures for investors to sever ties with the company.<\/li>\n
  • Making the profits\/losses and strategic decision-making transparent.<\/li>\n
  • Defining the succession strategy for the next generations.<\/li>\n
  • Supporting the effort put into day-to-day operation through independent, results-focussed management.<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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    We seek to:<\/h4>\n
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    • Understand the shareholders\u2019 concerns and expectations in order to draw up an action plan.<\/li>\n
    • Implement the activities set out in the plan.<\/li>\n
    • Monitor them for a previously agreed period of time to ensure that the shareholders\u2019 expectations are satisfactorily met.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n
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      We offer:<\/h4>\n
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      • Institutionalisation of the family business.<\/li>\n
      • Differentiating between the company and family.<\/li>\n
      • Communication.<\/li>\n
      • Succession.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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        We think that in order to achieve permanence such companies should base their strength on the united economic power of the family members in order to carry out more economically robust,
        \ncomplete and versatile business, with greater geographical coverage, which will be passed down to the next generations.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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        Sabr\u00eda & Gabarr\u00f3<\/strong> give shareholders personal attention in order to find solutions to their concerns by seeking to<\/strong>:<\/p>\n

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        • Keep the economic power united by the members holding a sustainable stake based on what the founder or the currently controlling group decides.<\/li>\n
        • Set up representative but efficient decision-making processes.<\/li>\n
        • Put rules in place for access to the cash flow by the family members.<\/li>\n
        • Give the structures flexibility to accommodate the family members\u2019 future needs.<\/li>\n
        • Establish competent, professional management to tackle changing business environments and circumstances.<\/li>\n
        • Apply corporate governance best practices to the family firm.<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

          Family businesses are the result of members\u2019 joint effort over many years. This includes deciding to make sacrifices that one does not personally benefit from and results in the wealth being created by working together in the company currently in full operation.<\/p>\n","protected":false},"author":1,"featured_media":14702,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":[],"pj-categs":[95],"pj-tags":[],"yoast_head":"\nFamily Businesses - Sabria & Gabarro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sabriagabarro.com\/en\/project\/family-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Family Businesses - Sabria & Gabarro\" \/>\n<meta property=\"og:description\" content=\"Family businesses are the result of members\u2019 joint effort over many years. 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