Mutendi outlines the critical role of governance and estate planning in family enterprises.
family businesses
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On Dec. 8, 2022, the world woke up to the Netflix documentary, “Meghan Markle and Prince Harry.”
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Exit strategies include acquisition, merger, IPO, cash cow, selling to a friend, or shutting down operations.
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Succession in the Steward family business type comes with little conflict.
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The Eternus family business, like the James Bond type, is led by an authoritarian family leader.
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In the James Bond family business type, the sole family member in the business is the founder.
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In most countries around the world, family businesses are between 70 and 95 percent of all business entities.