Myria Antony, Advisor, Cambridge Advisors to Family Enterprise

Myria Antony, Advisor, Cambridge Advisors to Family Enterprise

• Myria Antony is an Advisor at Cambridge Advisors to Family Enterprise.

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Poor succession planning, lack of trusted advisers, family conflict, different visions between generations, and lack of financial education for children are some major reasons why 70 percent of family-owned businesses fail or are sold before they are passed on to the second generation and almost 90 percent don’t make it to the third generation.

00:38- About Myria Antony

• Myria Antony is an Adviser at Cambridge Advisers to Family Enterprise.
• She is a regular speaker on family business topics, philanthropy, and social impact.
• She has advised family-owned enterprises around the world on strategies for growing and passing their enterprises to the next generation and the successful continuity of their enterprises.

03:44- Strategies for growing and passing the family business enterprise to the next generation

• Family businesses are fascinating. They have changed the landscape and complexity.
• My work has focused on multi-generational family businesses. It is around family and business governance.
• There is also a huge piece around family dynamics and conflict resolution.
• I have also worked in Leadership and development, helping propel the next generation.

09:31- Why is it important to find efficient ways to transfer wealth?

• We are living in a very volatile world. It is very critical to maintaining family unity.
• With successful families, there is a huge cost involved, so generational transfer is very influential for minimizing these costs and keeping the family together.

23:46- Three lessons

• Strive for success on the daily basis.
• Do not be afraid to take risks.
• Intellectual, physical, and emotional health all three go hand in hand.

RESOURCES:

You can connect with Myria Anthony- LinkedIn

• Myria Antony is an Advisor at Cambridge Advisors to Family Enterprise.
• She is a regular speaker on family business topics, philanthropy, and social impact.
• She has advised family-owned enterprises around the world on strategies for growing and passing their enterprises to the next generation and the successful continuity of their enterprises.