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COVID-19: Considerations for family businesses

COVID-19: Considerations for family businesses

Tom McGinness discusses what family businesses should consider when planning for the new reality.

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Tom McGinness

Global Co-Leader KPMG Private Enterprise Family Business

KPMG in the UK

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“Think about the role technology can play in the future – from helping to train employees with new skills, raising mental health awareness across the business and suppling more accurate data to shape the future of the workforce.”

In our video, Tom McGinness, Global Leader Family Business, KPMG Private Enterprise, considers what the new reality means for family businesses and how they can prepare for the future.

Tom identifies three key areas family businesses should focus on:

  • The role technology can play: from helping to train employees with new skills, raising awareness of mental health and supplying more accurate data for the family business to shape the future of the workforce.
  • Funding and capital structure: understanding the funding and capital structure that the business will require for the future.
  • Aligning culture and values: having a shared purpose and a very clear vision of the values which align all the stakeholders in the business to drive improved performance.

If you would like to know more, write to us.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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