Barclays Wealth Family Business Forum brings to you a unique opportunity to become the Next Successor of your Family Business and maintain business continuity.

The biggest obstacle that Indian Family Businesses face today is whether the next generation wants to join the family business. Here, at the Barclays Wealth Family Business Forum, we help students look at their family businesses not as a gift but as an asset and how they can become Entrepreneurs and grow this asset and not just be become caretakers.

This one-of-a-kind platform that provides students with an opportunity to become a successful entrepreneur for their family business and become a successful Successor.

The Barclays Wealth Family Business Forum aims to reach out to the next generation successors of family businesses and create a platform where they could share their views, perspectives and challenges on various aspects of family business management. Through this forum Barclays Wealth and Network 18 (Moneycontrol.com, Entrepreneur and CNBC TV18 ) would share their experience, expertise and perspectives on dealing with various business houses not only in India but globally.

• How to make a succession plan and get the most out of it.

  The main reason for the fall out most family businesses face is due to a faulty succession plan. In fact most business groups and families don’t have a succession plan, drawn out with the help of professionals. The most important part of a family business issues is the succession plan. Most of the companies or groups don’t have this in place. The session can look at how to make a succession painless.

• How to divide your business amongst the family members.

  Once you take over, the biggest task is to divide the responsibility of various businesses amongst your family members. This often lead to break ups and resentment amongst the family members, leading to the group’s down fall.

• How to prepare to take over.

  You may have a billion dollar business on your platter. But are you prepared to take it over. Do you have it in you to do it? What are the essentials of a leader, how would you move into the role of your father in the company. When should you do it?

• Financial implications of a succession.

  What happens to your billions after succession and division of family? How to ensure that the bucks don’t go into too many baskets and the end result is catastrophic? Are there tax implications in a succession? What is the most cost effective way to run a family business?

• Build your core team.

  Once you move in, you need to have a team of your own. How would you do it? How to get the older generation to move on and bring fresh blood and people you trust?

• Cultural issues of a succession.

  Well, two generation will work in two different ways, which become extremely difficult for the people you work with. How to marry the two cultures is very important to ensure that growth goes on.

• How to write a will.

  What are the essentials to keep in mind while writing a will? Who will you turn to while doing it and what are the dos and the don’ts.

• Is your spouse your best business partner?

  Who will you start up your business with? Is it family, friends or business associates? Once in the family business, how will you draft in your family members into it.

• How and when to bring in professionals.

  The billion dollar question needs an answer. What does it mean by professionalizing the business? What level it should be done,

• The good, bad and ugly of family business.

  Don't sign up for that business license just yet--make sure you know what you're getting into with a family business.

• Exit strategies

  If you're thinking ahead to the day when you'll no longer run your business, think about exit strategies now so you'll be prepared for your future. How do you do it?

• Why most family businesses don’t grow big?

  How will you grow your family business? Why 80 percent of the family run businesses remain small? How will they over come the growth pangs? How to have a larger vision for the group? How will they emerge pan India or global from the regional level?

• How to manage when two generations run the business.

  There can a phase in the succession, when two generations work together, a time when one culture overtakes the other. What are the strategies that will help every intergenerational family business make it through the critical years.

• How do I manage and multiply my family wealth?

  This session will be on how to grow the inherited wealth. Where to invest and how to invest? We can have bankers and finance experts to deal with this.