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M21048 - Family Businesses: Just Surviving or Thriving? (Online)

  • 19 Jul 2021
  • 09:15 - 12:30
  • Online Webinar

Registration


Registration is closed
Registration Time: 09.00Sessions Time: 09.15 - 12.30 incl 15min break
Speaker: Mr Silvan Mifsud
Venue: Online Webinar
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00
*Group bookings for 3 or more participants available.

Synopsis

The webinar will focus on what a business advisor like myself sees happening within family businesses on a daily basis. The ultimate aim of the webinar is to give insights to family business on to how run their businesses better and how to have a professional setup, because without the difficulties brought about by the pandemic can in no way be faced by a weak or sloppy business structure. Ultimately, now more then ever, only businesses who have a strong and professional business setup have a chance to survive.

Background Information

What always hurt family businesses and is doing even more so in these difficult times is the notion that having good and professional governance of the businesses is a cumbersome, expensive and distracting process. Many family owners believe that they only need to focus on the operating level of business where “the money is made.” The pandemic induced crisis has shown that this short sighted notion or belief came back to haunt family business owners , as suddenly business operations have slowed down or came to a complete halt and they now have to focus on cashflow management, supply chain issues and how to reach their clients online and they feel at the deep end, not knowing how to handle all these things.

Objectives of the Session

• Immediate Term – Understand what family business need to do to keep the ship afloat in the current circumstances
• Understand the need for proper corporate governance and business structuring
• Understand why business strategy is important and to shift to a strategic mindset
• Deliver insights on the various common pain points of Family Businesses –from change management to proper succession planning.

Topics on the Agenda

1. The Need to Survive
2. Power Centres of Family Business
3. The Need to be Professional – Structure, Information and Decision Making
4. The Importance of an Independent Director
5. Change – The massive difficulty of Family Business esto Adapt
6. Strategic Planning and a Strategic Mindset for Family Businesses
7. My Heartfelt Appeal to Family Businesses
8. Succession Planning -  Learn how your family business can avail itself with €15,000 to help you in the succession planning process

Target audience

Family Business Owners, Directors of Family Businesses, Financial Controllers/CFOs of Family Businesses, CEOs or Managing Directors of Family Businesses, Managers within a Family Business.

Speakers profile

Silvan holds a degree in Banking & Finance from the University of Malta and an MBA from the University of Reading, specialising in Corporate Finance and Business Leadership. Silvan has been involved in various sectors of the economy holding various Managerial and Director roles. Silvan is presently working as a Director for Advisory Services at EMCS and specialises in providing business advisory services for SMEs and Family Businesses.

EVENT CPE COMPETENCES

3 Hour Professional

WEBINAR TERMS AND CONDITIONS

Terms and conditions apply

DISCLAIMER

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