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UFB Newsletter Issue #081 Famiy Wealth Management
February 07, 2008

The Key To Family Business Success
ISSN 15465640


Understanding Family Business brings you articles and tips from Family Business Experts who understand family values and business systems.

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Understanding Family Business




February 7, 2008 Issue #081

Family Business... Business Family

Family Wealth Management...
Teaching the Next Generation

Family wealth management is critically important - family-owned businesses are the economic engines that drive America’s and many other nation's prosperity. Many generational family businesses are “rags to riches” stories – the success stories of which dreams are made.

It is estimated by family wealth management experts that $41 trillion of private wealth will be transferred from one generation to another over the next 40 years. Yet, a survey of families of significant wealth done by a wealth management company in Pittsburgh found that only 27% of the respondents have discussed family budgets with their teenage children.

Click here to read more about the challenge of Family Wealth Management.

Reminders...

It costs you nothing... zip...nada... to ASK THE EXPERT. Most of our site pages have a link to a form that lets you submit your question to one of our experts. We try our hardest to respond within 48 hours.

Our Family Business Blog [Blog is short for "web log"] mini-journal will keep you updated about site changes and other family business matters. Check it out regularly on the site from the NavBar button. Better still, subscribe to the blog using the RSS feed information on any of our pages, such as

Understanding Family Business.

And remember to Take our fr*ee assessment on the 29 Leadership Practices...



Family eBusiness

Website Design

  • Your website design should be relevant to its subject and look professional - it's the first impression that visitors get. But that doesn't mean it has to be done by expensive consultants. And templates can be very effective.
  • It's words that sell, not graphics. Words that sell are critical to your site's success so the site must be part of your marketing plan. < /li>
  • OVER Deliver content that is relevant, timely, and exclusive. Consider a forum for your website, and respond quickly to requests for help. "Give before your get."
  • Build a sense of community by encouraging visitors to comment on website material. Involvement.
  • Respond to constructive criticism if you get it.
  • An alternative that we use is our ASK THE EXPERT form. We try to respond to each inquiry within 48 hours, and usually do so the same day.
  • Offer entry-level or low-cost options or trials. We provide our ASK THE EXPERT sevice at NO COST... our srvice is consulting, so it's necessary for potential clients to be able to "get a feel" for our service before they start into a major engagement with us.
  • Use Alexa to see how your site ranks compared with millions of other sites - it's a measure of the trust you are building.

For more information on any of these topics, check out the SBI Action Guide.

If you'd like to learn more, why not take the SBI! Video Tour? It will have you convinced and ready to take advantage at the best price of the year.

http://www.family-business-experts.com/ssvt




That's it for this issue. If you have any comments, or if there are any topics you'd like to see covered, please let us know.

Comments, requested topics, blog messages...!



© 2000-2008. Family Business Institute, Inc.
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