Don’t just protect the past. Build the future.

I was recently listening to two Harvard Business Review Podcasts "Scaling a Business Beyond the Family Playbook" and "How a Family-Owned Greek Cement Company Evolved Its Leadership While Pivoting Its Product Portfolio". While listening to these podcasts I could hear about so many relevant insights for Maltese family businesses, which I face on a daily …

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Loyalty

In the ecosystem of a family-owned business, "loyalty" is often treated as the highest form of currency. Owners frequently speak of the those employees who stayed through thick or thin. However, as these businesses scale, a painful irony emerges: the very people who helped build the foundation often become the primary obstacles to the renovation. …

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The Growth Paradox: Do Family Business Owners Truly Want to Grow their Business?

For many family business owners, "growth" is the declared holy grail. It's their primary metric of success. However, there is often a profound disconnect between the desire for the result and the willingness to undergo the process. When I peel back the layers, I often find a growth paradox: owners who crave an ever-increasing topline …

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Are we heading towards a Global Recession?

The recent escalation of the U.S.-Israel war with Iran has reignited a debate among global economists: will this be the shock that delivers a global economic recession? While the conflict dominates headlines and energy markets, its ultimate impact on the economy is anything but certain. The post-Covid global economy has proven remarkably resilient, shrugging off …

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Turbulent Times

In the present turbulent times—which will surely leave multiple price, inflation, and economic growth effects—one appreciates much more when family businesses invest in data systems and analysis, governance structures, robust organisational structures, and strategic and leadership mindsets. While technical infrastructure provides the "bones" of a business, the leadership mindset serves as its internal compass, ensuring …

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