Certificate In Family Business Advising (CFBA)

Certifications

Product Code : Certificate In Family Business Advising (CFBA)

₹100000 ($1503.5)

Tabs

Family-run businesses, by virtue of their outlook, structure and management control have different business models, values and cultures when compared with non-family businesses. They, therefore, have their own strengths and weaknesses. In India, the role of family businesses in nation building, wealth creation, employment generation and contribution to the exchequer is both significant and commendable. In India, family businesses have been the bedrock of the economy since centuries. Currently India has 108 publicly-listed family-owned businesses, the third highest in the world with more than 60% of the GDP being contributed by family-owned businesses. The financial performance of family-owned companies has been superior to that of non-family- owned peers. Furthermore, family businesses appear to focus more on long-term growth and they have outperformed their peers in terms of share price returns.

As Indian family businesses are more and more getting in sync with their global counterparts, Family owners are increasingly recognizing the need to professionalize while hiring team members as well as hiring qualified advisors and consultant.

Whether you are an accountant, lawyer, banker, financial advisor or a trusted family business insider, the Certificate in Family Business Advising (CFBA) will help you augment your formidable technical skills with the strategies and tools to incorporate social and human considerations while advising business families. By growing your skill set in family business advising, you achieve two critical goals: you will deliver better solutions for your clients; and create a lucrative niche for your practice in a marketplace with substantial potential and growing demand.

How will this course benefit?

On completion of CFBA, you will be able to:

  • Gain a firm understanding of the nature and complexities of families of wealth
  • Analyze the family business, including governance issues and sources of conflict
  • Understand the unique challenges and opportunities encountered by professionals working with
    families of wealth
  • Assess the needs of the family enterprise and make recommendations for action
  • Learn a range of practice tools to help the family businesses
  • Develop the skills and knowledge expected of a competent family business advisor
  • Explore various management structures used by family businesses

1. Understanding Families in Business

  • Nature of Family Enterprises
  • Families of Wealth
  • How Business Families are Different from other Clients
  • Useful Concepts and Theoretical Frameworks
  • Type of Professionals who work with Family Enterprise
  • Myths, Realities and Trends in the Field of Family Enterprise
  • The Glue that holds the World’s Largest Family Businesses Together

2. Business Family Dynamics

  • Who is the Client- Head of the Business? The Family? The Enterprise itself?
  • Family Business Systems
  • Genogram- How to Create one for a Client Family
  • Spectrum of Styles and Approaches for Practitioners/ Advisors
  • Disputes- When Planning does not go as planned

3. Family Enterprise Strategy

  • How to create long-term Family Enterprising
  • How to blend Family, Business and Ownership
  • Sustaining Family Businesses: the Key Imperatives

4. Business Boards and Family Council

  • Introduction
  • Purpose of Family Councils
  • Membership of Family Council
  • Value of Family Business Boards
  • Effective frameworks

5. Facilitation and Communication Skills

  • How to handle complexities of business relationships
  • Practical facilitation practices
  • Ingredients for effective family communication

6. Continuity Planning

  • Legal, Tax and Estate Planning issues
  • “Human Side” of Succession Process

7. Family Governance in the Family Enterprise

  • Nature of Family Enterprise Governance
  • Mission, Vision and Values- Why they are Critical?
  • Unique Challenges and Opportunities
  • Practical Tools needed to Build Family Governance
  • Skills Needed to Assist Families

8. Knowledge Integration and Application

  • Concepts and Applications
  • Case Studies

9. Multi-Disciplinary Advising

  • There is no “I” in “TEAM”
  • Understanding Limitations
  • How to Deploy a Family Business Consulting Model
  • Skills Needs for Working Effectively with Family Enterprises

10. The Professional’s Toolbox

  • Overview of Family Business Assessment Tools
  • How to Choose Assessment Tools
  • Methods for Identifying Risks and Benefits
  • Family Enterprise Development Model

11. Philanthropy

  • The Historical Evolution of Philanthropy
  • Trends and Ways of Giving
  • Social Impact Investing
  • Challenges and Opportunities for Professionals

12. Next Gen

  • Education Matters
  • How the Next Generation is planning for change
  • Gearing up for Growth
  • Preparing to Succeed: Closing the Credibility Gap
  • Balancing the Influence and Control

Course Fee: Rs. 1,00,000 (Exclusive of GST)

This fee includes:

  • The bespoke course manual
  • Access to exclusive tools and techniques
  • Dedicated course webinar
  • Two day workshop
  • Assessment fees
  • 1 Complimentary access to AIWMI’s Family Office Summit India
  • Complimentary AIWMI Professional Membership for 1 year

No Promotional offers available currently