The Advisor's Guide to Successful Family Business Engagements

The Advisor's Guide to Successful Family Business Engagements
Author: Kyle Danner
Publisher:
Total Pages:
Release: 2019-08-15
Genre:
ISBN: 9780578223773

As a family business advisor, you want to position your clients' businesses for the future and success. But in order to do that, you can't just focus on the family business. You must focus on the family, too."The Advisor's Guide to Successful Family Business Engagements" provides you with simple strategies, tools, and tips you can use to build lasting relationships with the family. You'll learn:-The secret to a successful family business partnership-Common mistakes advisors make-Where to start with a challenging family business client-How to start a conversation about problems in the business-Techniques to keep clients focused and on track-And much moreWith years of experience advising family businesses and leading a business with his family, Kyle Danner understands the frustrations and rewards that come from this unique line of work. His guidance will you navigate the challenges of blending work and family dynamics, so youcan maintain profitable engagements with clients for years to come.

Engaged Ownership

Engaged Ownership
Author: Amelia Renkert-Thomas
Publisher: John Wiley & Sons
Total Pages: 230
Release: 2015-12-14
Genre: Business & Economics
ISBN: 111917113X

Successful ownership transition requires effective decision making at the top Engaged Ownership is the definitive owner's guide to the family enterprise. Whether you're taking over a family business, family office, or trust, this book shows you how to work effectively with the management and board to keep the enterprise moving in the right direction. The first guide of its kind written from the owner's perspective, this book is designed to help owners who are truly committed to growing all forms of capital be successful in their role. You'll learn the time-tested process that helps you 'unstick' decision-making, become engaged and effective, and manage the transfer from owner control to shared ownership while minimizing risk. Improve communication and relationships with the board, and ensure that every stakeholder understands your strategies and vision for the future. You'll allay the fears that frequently accompany ownership transfers, and inspire a sense of teamwork that leads to sustainable success generation after generation. As the Baby Boomers retire, business founders and entrepreneurs worldwide are transferring ownership of privately held enterprises to their children in record numbers. It can be a complex and difficult-to-navigate time for everyone involved. This book helps you smooth the way to a successful transition, and transcend the owner's traditionally passive role. Learn to work effectively with management and the board Get everyone on the same page in terms of vision and direction Build relationships that lead to forward-thinking decision making Succeed in the ownership role by bringing your expertise to the fore Ownership transfer often triggers a radical change in family enterprise, and if poorly managed, can turn a business in the wrong direction. Engaged Ownership shows you how to build a dynamic and effective partnership with trustees, board, and management, and become a successful steward of the family's financial, human, social, and operational capital.

Building a Successful Family Business Board

Building a Successful Family Business Board
Author: J. Pendergast
Publisher: Springer
Total Pages: 267
Release: 2011-03-08
Genre: Business & Economics
ISBN: 1137511710

In Building a Successful Family Business Board , the authors show why private firms need the in-depth expertise and objective feedback that a well-chosen board, including qualified independent directors, can provide, and demonstrates how owners and directors can work together to ensure a long and profitable life for the firm.

The Complete Family Office Handbook

The Complete Family Office Handbook
Author: Kirby Rosplock
Publisher: John Wiley & Sons
Total Pages: 432
Release: 2014-01-28
Genre: Business & Economics
ISBN: 1118367308

Everything you need to know for successful wealth management for families Although the family office concept is not new, it is a phenomenon that is changing the wealth management landscape. With celebrities and business moguls, investment gurus and family business icons establishing private wealth management advisory firms, more and more individuals are asking what exactly is a family office and how does it operate? Family offices either serve one family exclusively or typically manage the wealth of a number of affluent families. If you’re like most families and advisors, you’re familiar with family offices, but may not know exactly how they work or why the family office is right for you or your clients. Dr. Kirby Rosplock, an expert on the family office concept, provides insights to some of the most common questions and even misperceptions in this handbook. The Complete Family Office Handbook explains how family offices operate, who should consider forming or joining one, and how to craft and set up a structure, purpose and vision for the office that fully serves a family’s particular needs and investment goals. Whether you’re a wealth creator, a member of a wealthy family considering forming or joining a family office, or a professional contemplating a career in this growing segment of the wealth management industry, this comprehensive guide provides insights to some of the most common questions and misperceptions.

Family Business Succession

Family Business Succession
Author: K. LeCouvie
Publisher: Springer
Total Pages: 207
Release: 2017-07-03
Genre: Business & Economics
ISBN: 1137280921

The first ever comprehensive guide to family business succession planning. This book covers everything from what family business ownership is and how to structure ownership bylaws to business structure, leadership transition, and how a founder exits the business. Drawing on original research, case studies, and white papers, Family Business Succession is a thorough, complete, and "required reading" for every family member working in a family business.

Your Family Business

Your Family Business
Author: Benjamin Benson
Publisher: McGraw-Hill Professional Publishing
Total Pages: 286
Release: 1990
Genre: Business & Economics
ISBN:

Identifies the problems that confront most family businesses and provides practical, no-nonsense advice to help your business grow while preserving harmony in your family.

The Legacy Family

The Legacy Family
Author: L. Hausner
Publisher: Springer
Total Pages: 208
Release: 2016-04-30
Genre: Business & Economics
ISBN: 0230101860

Written by two experts in the field, will provide readers with a roadmap for detailing how to leave family wealth and more importantly, legacy, intact. Readers will learn a variety of skills, including how to articulate a collective vision and aspiration for the future which can be embraced by all family members nourishing close family bonds.

The Family Council Handbook

The Family Council Handbook
Author: Christopher J. Eckrich
Publisher: Macmillan
Total Pages: 564
Release: 2012-06-19
Genre: Business & Economics
ISBN: 113700052X

Just as a Board of Directors is a governance structure for shareholders, a Family Council oversees a family on everything from educating the family for their future responsibilities as owners to settling disputes within the family. Using the common term family council to refer to family governance, the book will be a practical manual for all business families seeking structure to manage how their family governs itself and relates to their business. The book will answer several basic questions: 1. What are the forms of structured family governance? 2. What purpose is served, and disasters avoided, by using structure like a family council? 3. How does one select the form of family council that is appropriate for the size, age and complexity of the business family? 4. How are family councils established and maintained, and how do they evolve?

Family Business Ownership

Family Business Ownership
Author: C. Aronoff
Publisher: Springer
Total Pages: 97
Release: 2016-05-24
Genre: Business & Economics
ISBN: 0230116027

Ownership in a family business can be a rewarding and important role. It means stewardship, protection and nurturing the family business. As a guide for shareholders, this book will develop understanding and insight into the role of becoming more valuable as an owner, not just financially, but intellectually and emotionally as well.

Working with Family Businesses

Working with Family Businesses
Author: David Bork
Publisher: Jossey-Bass
Total Pages: 264
Release: 1996
Genre: Business & Economics
ISBN:

At least eighty-five percent of all businesses in the United States are family-owned--with their own special problems, situations, issues, and family dynamics. This book is a practical guide for all professional practitioners who service the needs of family businesses. It provides a basic training manual for all providers--attorneys, accountants, financial advisors, insurance and health care providers, therapists, and others--who are specialists in their fields, but are unfamiliar with the unique psychology and dynamics that often control and influence family businesses. The authors detail how to deal with the special circumstances that arise when advising and consulting to family businesses that can make or break the process of consulting, advising, and planning.