Kuala Lumpur, 24 July 2019 – MasteryAsia will be running ‘The Asian Family Business Convention 2019’ in order to help family business owners to better manage the common challenges in Asia.
Therefore, the organization will be introduced their Family Business Advisory to Malaysian family business owners.
It is first if its kind in Asia aims to discuss the frequent challenges faced and to educate the owners on how to overcome the challenge so the business continue to experience growth and success through the generation.
The convention will be helmed by best-selling New York Times author and award-winning speaker, Dr. Tom Deans, the author of “Every Family’s Business”-12 Common Sense Questions to Protect Your Wealth, selected by the New York Times as one of the Top Ten Books Business Owners Should Read.
As the research conducted by PricewaterhouseCoopers (PwC) Malaysia, 80% of the Malaysian business owners want to protect the family business and 73% want to ensure the business stays in the family.
The most important reason is Malaysian lack of solid legacy planning as the business owners assume that their children will succeed them but fail to have open discussions about each party expectations which is often lead to internal conflicts.
“Family business in Asia facing numerous challenges. We would like to help them forming strong foundations in succession planning and intergenerational wealth transfer. We want these enterprises to have sustainable legacies and experience success through open communication,”Chief Executive Officer of QuestCorp Global Group of Companies, Mr. KC See.
Quest Family Business Advisory Services’ mission is to help family business owners be better equipped to prepare their heirs for succession, to anticipate and manage any challenges that they might face and to make strategic plans- all of which will ensure the longevity of their businesses.