Next Generation

The Next Generation of family leaders are now aged somewhere between 18 and 40 years old. They will one day own their family business or have an important role in it. The future should belong to them… yet we know that only 1 in 10 family businesses survive beyond the third generation.

Many of the Next Generation (NxG) need to make difficult decisions like: What should they do in their lives? What can they achieve? They often find that outsiders cannot understand the family-related issues that they face. At FBN we provide a worldwide network dedicated to NxG members. It allows them to share their experiences and concerns, improve their international awareness and learn from people of the same age group. It helps them gain the skills and support that will strengthen success. Our aim is to build a network of knowledgeable, responsible young family leaders who enjoy interacting with each other. We do this through:

• Events – these are limited specifically to NxG members and take place in several continents. They feature world-class experts on family business issues as well as social networking. Examples of themes include ‘discover and develop your potential’, ‘growing together through learning together’, and ‘developing emerging leaders within the family business’.
• Traineeships – Our ‘Building the Future’ programmes allow NxG participants to gain a broader awareness and skills of family businesses in other countries. This not only provides invaluable experience but also has the benefit of creating new relationships between like-minded family businesses worldwide.
• Philanthropy visits – Our ‘Make a Difference’ programme allows you to join a small group that tours a developing country to experience first-hand the challenge and opportunities of philanthropy. This is a very rewarding way for people to broaden their view of the world.
• Research – We bring together research in specific issues that face the Next Generation. These include: inheritance, emotional ownership, dealing with wealth, building trust across generations, involving young children in the business, and family communication.

Visit Us: http://www.myng.org/