TWYD & Co

How will the arrival of the Labour Government impact the employment practices of #FamilyBusinesses?

Appointing the first non-family executive, typically a Finance Director or CFO, marks a pivotal step in the business's evolution. However, this critical appointment brings unique challenges, from identifying the right skill set to ensuring cultural fit and long-term alignment with the business’s strategic goals. This article highlights some of the key strategies to ensure a successful Finance Director appointment and integration into the family business.  #FamilyBusiness #Family Offices #CFO #FinanceDirector #Leadership #Hiring #TalentWithYourDNA

What an amazing evening we had at The National Family Business of The Year Awards #FBOTY2024! You can view who the winners in each category by clicking the link below... https://lnkd.in/gBbXMZUj

TWYD & Co are delighted to be a sponsor of The Family Business of The Year Awards 2024! Family firms across the UK make a significant contribution to the national economy through the jobs they provide, the income they generate, the wealth they create and the impact they have on communities the length and breadth of the company. The awards are presented with regional, sector and national titles, as well as regional People’s Choice awards and special recognition for family firms doing great things in terms of sustainability, innovation, entrepreneurship and community involvement. Winners over the years have come from all corners of the UK, young family firms and long-standing, multi-generational family businesses, small and large, and collectively represent great role models for the sector. Winners will be announced on 19th June 2024, at a special evening event in London, hosted by Family Business United and we’ll be showcasing some of the winners here over the next few days. We can’t wait to see who the winners are this year! Could it be you? #FBOTY2024 #FamilyBusiness #FamilyBusinesses #Family Enterprises #Family Office #FamilyOffices #TalentWithYourDNA

In any business, let alone a family or founder-owned business, the role of a CEO is both multifaceted and demanding. As the driving force behind strategic decisions and organisational growth, CEOs shoulder immense responsibility. However, what happens when the owner's involvement becomes a hindrance rather than a support system? In this article, David Twiddle of TWYD & Co considers the detrimental impact of owner interference on non-family CEOs and the repercussions it can have on organisational success. https://lnkd.in/e6qfmsZr

One of the most challenging decisions family business leaders often face is whether to sell the business or pass it on to the next generation. This dilemma is riddled with emotional, financial, and strategic considerations. In this article, we take a look at the complexities of this decision and highlight the pivotal role of Non-executive Directors (NEDs) and Family Business Advisors in guiding families through this critical juncture. Read the full article here: https://lnkd.in/eZBDwC6G #familybusiness #succession #legacy #NED #nextgeneration

Find out who is a Finalist this year.... In the UK, #familybusinesses employ 13.9m people, generate £1.7 trillion in turnover and contribute over £200 bn to the UK Exchequer in tax receipts alone- 26% of all government receipts! We are thrilled to be supporting The National Family Business of The Year Awards - David Twiddle, Managing Partner will be joining the judging panel! Some amazing #Yorkshire businesses are included in the list of finalists - click the link to find out who has made it this year! https://lnkd.in/d2RsDtFW

David Twiddle caught up with the #FamilyBizRoadTrip on Friday at David Nieper Limited, Alfreton, Derbyshire. An exceptional #FamilyBusiness demonstrating not only that #BritishManufacturing is something to be proud of but that after over 60 years a business can be just as entrepreneurial as it ever was.

It's not just about finding the right person for the job; it's about finding the right person for the family... As hiring managers, we often focus on job skills and qualifications, but what truly sets a team or a company apart is the sense of belonging. We firmly believe that building a successful team goes beyond matching skills to job descriptions; it's about cultivating a sense of belonging within the workplace. When we talk about the "right person for the family," we're emphasising qualities like empathy, collaboration, and a shared sense of purpose. These are the individuals who not only excel in their roles but also uplift those around them, creating a positive and productive environment. At TWYD & Co we prioritise not just skills and experience but also values and cultural fit. We understand that a cohesive team is built on mutual respect, support, and a shared vision. That’s why we search for candidates that bring unique strengths that contribute to the collective success of our clients, helping them create a workplace that feels like a second home. We encourage all professionals and #familybusinesses to look beyond CVs and interviews. Seek individuals who align with your values, embrace diversity, and share your purpose. Together, we can create not just successful businesses but also fulfilling and supportive work families. We call it #TalentWithYourDNA . #familybusiness #HR #Recruitment #Hiring #Culture