And if you re running a business that has a future, then the market will give you a colossal multiple. Therefore, by just running your business soundly and keeping your money in it, the market will grossly multiply your wealth. When you need the money you can sell a per cent or two. That would be totally legal and you can enjoy it without having to do so surreptitiously abroad. I think the realisation is dawning that you should keep it there, ensure good governance and at an appropriate time you can certainly encash, either through a merger or joint venture.
Family businesses tend to find it difficult to attract top drawer managerial talent.
As long as the talent feels that there are family members in the organisation with undefined authority then it will be wary of joining. The systems of management must be open and transparent and that reputation spreads rather quickly. Second, the management must be perceived to be an ethical one. There is a belief, I think quite illusory, that family companies are not straight and MNC s with their codes of conduct are. Third, if you can build a strong brand then people will join.