eBook - PDF
The Successful Family Business
A Proactive Plan for Managing the Family and the Business
- 177 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
The Successful Family Business
A Proactive Plan for Managing the Family and the Business
About this book
Over 80% of the businesses in the United States are family-owned and managed. From the corner deli or barbershop to global empires in brewing, media, and cleaning products, family businesses embody the entrepreneurial spirit that drives innovation and economic growth and that represents the hopes and dreams of millions for independence, self-sufficiency, and wealth. And yet the track record for entrepreneurial businesses is poor: over three-quarters will fail during the first five years and only 10% will survive a decade. Family business statistics show that fewer than one-third pass succesfully to a second generation, often the result of insufficient planning. Drawing from numerous in-depth examples (both positive and negative), Edward Hess offers a fascinating glimpse into the dynamics of family business management and specific strategies to promote the health of the enteprise. A comprehensive guide, The Successful Family Business covers the spectrum of topics from creating a family values statement and code of conduct to resolving conflicts among siblings to managing transitions in leadership and the potential sale of the business. Other issues include: defining perks and benefits (for family and non-family members), working with the board of directors, and going public. Hess concludes with a series of operating rules that apply to every family business and a listing of practical references and resources.
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Table of contents
- Contents
- Introduction
- 1. Dynamic and Different Perspectives
- 2. A Proactive Family Business Management Process
- 3. A Family Values Statement
- 4. A Family Code of Conduct
- 5. Annual Family Meetings
- 6. Employing, Compensating, and Managing Family Employees
- 7. Corporate Perks, Benefits, and Dividends
- 8. Sibling and Cousin Rivalries
- 9. Stock Ownership and Liquidity
- 10. Board of Directors
- 11. Succession
- 12. Case Study: The Beach Company
- 13. Choosing a Non-Family Successor CEO
- 14. Case Study: Edens & Avant
- 15. Sale of the Business
- 16. Going Public or Recapitalizing Your Family Business
- 17. Family Business Operating Rules
- Resources
- Index
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Yes, you can access The Successful Family Business by Edward D. Hess in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over 1.5 million books available in our catalogue for you to explore.