The Advisors Guide To Successful Family Business Engagements
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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.
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.
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.
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.
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.
Author | : Josh Baron |
Publisher | : Harvard Business Press |
Total Pages | : 231 |
Release | : 2021-01-26 |
Genre | : Business & Economics |
ISBN | : 1633699064 |
Navigate the complex decisions and critical relationships necessary to create and sustain a healthy family business—and business family. Though "family business" may sound like it refers only to mom-and-pop shops, businesses owned by families are among the most significant and numerous in the world. But surprisingly few resources exist to help navigate the unique challenges you face when you share the executive suite, financial statements, and holidays. How do you make the right decisions, critical to the long-term survival of any business, with the added challenge of having to do so within the context of a family? The HBR Family Business Handbook brings you sophisticated guidance and practical advice from family business experts Josh Baron and Rob Lachenauer. Drawing on their decades-long experience working closely with a wide range of family businesses of all sizes around the world, the authors present proven methods and approaches for communicating effectively, managing conflict, building the right governance structures, and more. In the HBR Family Business Handbook you'll find: A new perspective on what makes family businesses succeed and fail A framework to help you make good decisions together Step-by-step guidance on managing change within your business family Key questions about wealth, unique to family businesses, that you can't afford to ignore Assessments to help you determine where you are—and where you want to go Stories of real companies, from Marchesi Antinori to Radio Flyer Chapter summaries you can use to reinforce what you've learned Keep this comprehensive guide with you to help you build, grow, and position your family business to thrive across generations. HBR Handbooks provide ambitious professionals with the frameworks, advice, and tools they need to excel in their careers. With step-by-step guidance, time-honed best practices, and real-life stories, each comprehensive volume helps you to stand out from the pack—whatever your role.
Author | : C. Aronoff |
Publisher | : Springer |
Total Pages | : 103 |
Release | : 2017-06-30 |
Genre | : Business & Economics |
ISBN | : 1137512083 |
Helps to prepare for passing the family business on to the next generation. Leaders will learn how to create a succession plan; how to develop opportunities for succession candidates; how to build consensus with the family and leaders on succession plans and finally leaders will learn when and how to let go of their own role in the business.
Author | : Allen Fishman |
Publisher | : Mcgraw-hill |
Total Pages | : 304 |
Release | : 2008-09-12 |
Genre | : Business & Economics |
ISBN | : 9780071548410 |
Running a family business is like running any other business--with the addition of many extra challenges. A family-owned enterprise involves unique management, compensation, hiring, and other business issues regarding family member employees. 9 Elements of Family Business Success addresses the specific challenges faced by owners of family businesses, and it shows family members employed in the business how to enjoy their positions while helping the organization reach its highest potential. Every relationship between family members comes with its own unique set of dynamics. When transferred into the workplace, these dynamics introduce emotional factors and hot buttons that can make or break the business. In this comprehensive guide, Allen E. Fishman spotlights all the challenges such organizations face and provides practical advice for creating your own strategy to meet them--and strengthen relationships within the family, as well. Fishman provides solutions to the problems unique to a family-run business, along with handy checklists to ensure you're covering all the angles. You'll learn how to: Create a written policy for hiring, reviewing, and terminating family member employees Avoid family relationship tension regarding compensation Choose a successor and create a succession development plan Ensure good results-driven family communication and dynamics Maintain healthy spousal relations when you work together Recruit and retain talented non-family member employees 9 Elements of Family Business Success contains detailed case studies of specific challenges faced by real family business owners and employees. Each one explains how the owner or employee identified the problem and the steps he or she took to solve it. Apply Fishman's advice, and you'll experience all the benefits and avoid the pitfalls that come with running a family business.
Author | : R. Carlock |
Publisher | : Springer |
Total Pages | : 322 |
Release | : 2010-10-14 |
Genre | : Business & Economics |
ISBN | : 0230294510 |
The authors explore how effective planning and communication helps business families around the world address growth challenges as they strive to become high performing multi-generation family enterprises. This book shows family businesses working together at their best.
Author | : Doug Baumoel |
Publisher | : Continuity LLC |
Total Pages | : 226 |
Release | : 2016-06-17 |
Genre | : Conflict (Psychology) |
ISBN | : 9780996425605 |
Based on the groundbreaking work of Doug Baumoel and Blair Trippe, Deconstructing Conflict helps enterprising families navigate the challenges of owning and managing together. Using The Conflict Equation methodology, the book deconstructs conflict into its component parts to arm family business stakeholders and advisors with cutting-edge thinking.