i3 Global Enterprises is a private asset management and family CFO office. We help families in business navigate unique financial and interpersonal challenges.
Our June Feature:
Understanding the human dynamics beneath conflict — vices, emotions and behavior —helps clarify why fracture occurs in family enterprise. Economics and governance determine how much damage it does. https://t.co/A8UgQGG0m1
When we're evaluating recurring costs for any family enterprise, subscription-based software is an escalating expense that doesn't sit well with many families in business. Some reasons why: https://t.co/w9fUvJHzt1
Before, many families in business needed to rent their operational infrastructure via subscription-based software because the alternative wasn’t feasible. The fear was, “When the software breaks, who’s going to fix it?” That fear is all but gone. https://t.co/uDdzuWgzg7
Tepid paddleboarders don't get wet. We need to be OK with getting wet sometimes — in the workplace, in life. In an office setting, "getting wet" can mean speaking with candor. Here's how to package the sharp edges of truth in the bubble wrap of respect. https://t.co/uL2avHXoWd
Big props to i3's own Mason Hamrick. He recently ran a whopping 52 miles to raise funding and awareness for an urgent cause — the fight to eradicate human trafficking. We signed on to sponsor the event, and the important work of Lighthouse for Life. https://t.co/X9Zt4LyC0J
Did you know, as of 2023, only 30% of family businesses in the U.S. successfully transition to a second generation? Only 12% make it to a third, while 3% successfully transition to a fourth generation and beyond.
Source: Cornell SC Johnson College of Business
A legacy isn’t just created. It’s cultivated, nurtured, and intentionally passed on. Successful generational transitions start with the right strategy, governance, and guidance. We help families build plans that protect their legacy for generations to come.
#familybusiness
You’re almost there. Great spot, lease in hand, but don’t forget the lease rider. It might not be the first thing you think about, but it can make or break your franchise’s long-term success.
Read more: https://t.co/w0sC2W2XNM
At the heart of every family business is a shared legacy at stake. Balancing tradition with change isn’t always easy, but with honest conversations and a clear vision, families can be stronger–– together.
https://t.co/UmTYnQIUgW
Commercial Real Estate (CRE) captures a wide variety of assets including industrial warehouses, retail shopping centers, office buildings, and everything in between. Which investment is best for your family enterprise?
read more: https://t.co/9lBeItdDl2
RAAMP, an asset management software company and part of our i3 family, offers useful how-to content related to commercial real estate management. Today's Q&A: What is percentage rent? ➡️
https://t.co/oSGvhjDc19
Federalism and family businesses — an unlikely pair? Maybe. But the two are uniquely intertwined, and these shared traits make them agile, adaptable and sustainable. https://t.co/FRINqMMMnc
This Washington Post chart first made the rounds in 2019. Since then, Millennials are worth about $15 trillion, up from $3 trillion 5 years ago (MarketWatch, via Federal Reserve). This gen’s relationship to wealth will impact families-in-business ➡️ https://t.co/ivs19L7Ccu
87% of U.S. businesses are owned by families. Yet, it’s hard to find a reliable roadmap for navigating the blurred lines that are unavoidable when your coworkers are also your siblings or cousins. Here’s how to anticipate inherent challenges. https://t.co/uANiH3xIgl