What unique advantages do family businesses have?
When I hear people say “never work with family” I just shake my head and couldn’t disagree more. Here are 3 unique advantages they have that other businesses don’t.
Why We Work With Family Businesses
Stephan Independent Advisory focuses on family businesses because. Why? We are two brothers working together; we believe in the foundational importance of family; and we believe business success and family success are intertwined. We’re committed to working with families who are looking to build a legacy, empower future generations, and protect their family name with a long-term wealth strategy.
Can Family Business Ruin a Family?
When they work, family businesses can be incredibly rewarding. But family businesses also require clear boundaries, aligned goals, and mutual respect, otherwise they can become a breeding ground for conflict, stress, and strained relationships.
Balancing Family and Business
Many business owners struggle with finding the right balance between business and family. They may start with the noble intention of working hard to provide for their loved ones, but can lose sight of the fact that family is their “why.” Achieving balance requires more than just effort; it demands a deep commitment to prioritising what matters most.
Stephan Independent Advisory: Looking beyond the Headlines in Volatile Markets
As we move through 2025, significant geopolitical and economic changes are impacting the market, especially with President Trump’s new tariff policies affecting Canada, Mexico, and China. While this has led to some volatility, our investment strategy remains focused on long-term goals, diversified portfolios, and evidence-based decision-making to navigate through these fluctuations.
Tariff Threats and Trade Wars – Implications for Australian Investors
With the US set to impose 25% tariffs on goods from Canada and Mexico (its two biggest trading partners) plus 10% tariffs on China, as well as tariffs on aluminium and steel without exceptions, financial markets may be in for a rocky ride in the short term. Investors may be wondering what this means for financial markets over the coming year, and whether they should consider changes to their portfolio.
Why Family Businesses Fail (And How To Avoid It)
Family businesses face unique challenges that go beyond typical workplace issues. From navigating succession planning to separating personal relationships from professional responsibilities, these challenges can either strengthen a family business or lead to its downfall.
How to successfully hire non-family into a family business
Family businesses are at the heart of Australia’s economy. However, growth and sustainability bring unique challenges, including the need to recruit talent from outside the family. Here’s how we see the most successful family businesses hire new talent.
A Lesson in Legacy
Warren Buffett, recently shared his thoughts and insights into the delicate balance of managing wealth and family dynamics. Here’s what we can learn from his Succession Philosophy…
Planning with Purpose: Your Roadmap to Retirement
Joe sat down with the Australian Financial Review to share valuable insights on retirement planning, financial clarity, and long-term well-being.