FOA - Entrepreneurship in the Family Office.pdf - Summitas
FOA - Entrepreneurship in the Family Office.pdf - Summitas
FOA - Entrepreneurship in the Family Office.pdf - Summitas
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<strong>Family</strong><strong>Office</strong>Association.com<br />
Conclusion<br />
<strong>Entrepreneurship</strong> <strong>in</strong> <strong>the</strong> <strong>Family</strong> <strong>Office</strong><br />
<strong>Entrepreneurship</strong> is an activity that is often left out of <strong>the</strong> SFO asset<br />
allocation as people tend to focus on preserv<strong>in</strong>g wealth, versus creat<strong>in</strong>g<br />
it. Ironically, this is how many families orig<strong>in</strong>ally built <strong>the</strong>ir wealth, and<br />
while it has been forgotten, subsequent generations are left ill-prepared to<br />
contribute to family asset growth. Richard Branson and o<strong>the</strong>r families are<br />
demonstrat<strong>in</strong>g that go<strong>in</strong>g beyond <strong>in</strong>vest<strong>in</strong>g to develop<strong>in</strong>g new companies<br />
can not only generate attractive f<strong>in</strong>ancial returns, it can also be personally<br />
reward<strong>in</strong>g and have significant benefits for <strong>the</strong> family and its members.<br />
SFO’s have natural advantages as creators of companies, and with <strong>the</strong><br />
right <strong>in</strong>dividuals and <strong>the</strong> right methods, a family can leave <strong>the</strong>mselves,<br />
and <strong>the</strong> world, better off.
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