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Philanthropy, Succession, and Family Business Challenges | Simon Gibbons & Rebecca Cretney of Nedbank

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Episode Summary:
In this insightful episode of The Cashflow Show, we dive deep into the unique challenges young heirs face in family businesses. Simon Gibbons Executive Head of Wealth Management and Rebecca Cretney Senior Investment Specialist, both at Nedbank Private Wealth, share their expert insights on fostering better communication between generations, the role of philanthropy in preparing heirs for leadership, and practical strategies for reducing succession stress.

Rebecca highlights how philanthropy acts as a powerful tool for teaching financial literacy and leadership, while Simon emphasizes the need for honest conversations and early involvement of heirs in the business. Together, they explore how these strategies help preserve family wealth and strengthen family bonds.

Key Topics Discussed:

  1. Challenges Young Heirs Face in Family Businesses
    • Miscommunication between entrepreneurs and their heirs.
    • Benefits of involving children early in the business.
  2. Philanthropy as a Tool for Leadership Development
    • How philanthropy provides practical financial and leadership experience.
    • Strengthening family ties through shared philanthropic goals.
  3. Historical Context and Current Trends in Philanthropy
    • The resurgence of philanthropy inspired by US trends.
    • Personal and professional growth through philanthropic endeavors.
  4. Practical Steps for Succession Planning
    • The importance of clear communication and strategic planning.
    • Empowering young heirs with a sense of purpose.
  5. Implementing a Philanthropic Strategy
    • How Nedbank Private Wealth supports families in structuring their philanthropy.
    • The role of professionals in ensuring the longevity of philanthropic efforts.
  6. The Multiplier Effect of Philanthropy on Wealth Management
    • How philanthropy transforms wealth from a diminisher to a multiplier.
    • Teaching heirs strategic thinking for better family business management.

Resources Mentioned:

The Cashflow Show can be reached here:
Website: www.thecashflowshowpodcast.com

Email: [email protected]

Twitter: https://twitter.com/thecashflowshow

Instagram: https://instagram.com/thecashflowshowpodcast

Support us via our sponsored & affiliate links

Our Buy Me A Coffee Link | buymeacoffee.com/thecashflowshow

Our Patreon Link | https://www.patreon.com/TheCashflowShowPodcast

Our Ko-fi Link | ko-fi.com/thecashflowshowpodcast

V1CE Sustainable Business Cards | https://v1ce.co/?ref=b13m2858so

To sponsor or advertise on The Cashflow Show Podcast, contact us at [email protected]

Clayton M Coke can be found here:
LinkedIn: https://uk.linkedin.com/in/claytoncoke

Website: https://www.prmsltd.co.uk

Email: [email protected]
Twitter: https://twitter.com/prmsltd
Instagram: https://www.instagram.com/prmsltd/

Our theme music is called "The Mediator - aka Theme from The Cashflow Show" [PRS] and "Better Call Clayton" [PRS]
As an Amazon Associate I earn from qualifying purchases.

“What are YOU like?” & “60 Second Shoot-out” are both intellectual properties of Dialogue [London] Ltd

(c) Clayton M Coke/PRMS Ltd/Dialogue [London] Ltd | All Rights Reserved

★ Support this podcast ★
  continue reading

102 episoder

Artwork
iconDela
 
Manage episode 453609681 series 2523033
Innehåll tillhandahållet av Dialogue [London] Ltd. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Dialogue [London] Ltd eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

Episode Summary:
In this insightful episode of The Cashflow Show, we dive deep into the unique challenges young heirs face in family businesses. Simon Gibbons Executive Head of Wealth Management and Rebecca Cretney Senior Investment Specialist, both at Nedbank Private Wealth, share their expert insights on fostering better communication between generations, the role of philanthropy in preparing heirs for leadership, and practical strategies for reducing succession stress.

Rebecca highlights how philanthropy acts as a powerful tool for teaching financial literacy and leadership, while Simon emphasizes the need for honest conversations and early involvement of heirs in the business. Together, they explore how these strategies help preserve family wealth and strengthen family bonds.

Key Topics Discussed:

  1. Challenges Young Heirs Face in Family Businesses
    • Miscommunication between entrepreneurs and their heirs.
    • Benefits of involving children early in the business.
  2. Philanthropy as a Tool for Leadership Development
    • How philanthropy provides practical financial and leadership experience.
    • Strengthening family ties through shared philanthropic goals.
  3. Historical Context and Current Trends in Philanthropy
    • The resurgence of philanthropy inspired by US trends.
    • Personal and professional growth through philanthropic endeavors.
  4. Practical Steps for Succession Planning
    • The importance of clear communication and strategic planning.
    • Empowering young heirs with a sense of purpose.
  5. Implementing a Philanthropic Strategy
    • How Nedbank Private Wealth supports families in structuring their philanthropy.
    • The role of professionals in ensuring the longevity of philanthropic efforts.
  6. The Multiplier Effect of Philanthropy on Wealth Management
    • How philanthropy transforms wealth from a diminisher to a multiplier.
    • Teaching heirs strategic thinking for better family business management.

Resources Mentioned:

The Cashflow Show can be reached here:
Website: www.thecashflowshowpodcast.com

Email: [email protected]

Twitter: https://twitter.com/thecashflowshow

Instagram: https://instagram.com/thecashflowshowpodcast

Support us via our sponsored & affiliate links

Our Buy Me A Coffee Link | buymeacoffee.com/thecashflowshow

Our Patreon Link | https://www.patreon.com/TheCashflowShowPodcast

Our Ko-fi Link | ko-fi.com/thecashflowshowpodcast

V1CE Sustainable Business Cards | https://v1ce.co/?ref=b13m2858so

To sponsor or advertise on The Cashflow Show Podcast, contact us at [email protected]

Clayton M Coke can be found here:
LinkedIn: https://uk.linkedin.com/in/claytoncoke

Website: https://www.prmsltd.co.uk

Email: [email protected]
Twitter: https://twitter.com/prmsltd
Instagram: https://www.instagram.com/prmsltd/

Our theme music is called "The Mediator - aka Theme from The Cashflow Show" [PRS] and "Better Call Clayton" [PRS]
As an Amazon Associate I earn from qualifying purchases.

“What are YOU like?” & “60 Second Shoot-out” are both intellectual properties of Dialogue [London] Ltd

(c) Clayton M Coke/PRMS Ltd/Dialogue [London] Ltd | All Rights Reserved

★ Support this podcast ★
  continue reading

102 episoder

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