Henry Hutcheson
Dirty Little Secrets of Family Business (3rd Edition): Ensuring Success from One Generation to the Next
Dirty Little Secrets of Family Business (3rd Edition): Ensuring Success from One Generation to the Next
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To ensure the survival and success of a family business, it is crucial to address issues such as entitlement, employee management, compensation, succession planning, communication, conflict resolution, board establishment, and transition to the next generation. Dirty Little Secrets of Family Business provides valuable insights and strategies based on firsthand stories and experiences, offering a deeper understanding of the underlying mechanics of family business success.
Format: Hardback
Length: 248 pages
Publication date: 01 February 2019
Publisher: Greenleaf Book Group LLC
If approximately 70 percent of all businesses are family businesses, and two out of three don't survive to the next generation, what can you do to make sure your business will survive and thrive?
Dirty Little Secrets of Family Business comes clean with much-needed information on nitty-gritty issues, such as entitlement, letting employees (even family members) go when they just aren't working out, compensation, including your kids in the business (when to bring them in, help them move up, and prep them to take over), shareholder agreements, selecting the next leader, deciding whether to keep the business or sell it, exit strategies for outgoing leaders, money matters, succession planning, communication, conflict resolution, establishing an effective board, and transitioning to the next generation. Readers can apply the numerous ideas and tips in this engaging guide to address any family business situation. Written for current and next-generation owners and utilizing multiple, firsthand stories of family business dos and don'ts, Dirty Little Secrets of Family Business gives you the top success strategies that you can use to build a better functioning family business.
Acknowledging that every family is unique and a cookie-cutter approach is not the answer, experienced family business consultant Henry Hutcheson presents a deeper look at the underlying mechanics of what makes a family business work.
Weight: 494g
Dimension: 233 x 152 x 25 (mm)
ISBN-13: 9781626346246
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