Myths and Mortals

Author: Andrew Keyt
Publisher: John Wiley & Sons
ISBN: 1118928962
Format: PDF, ePub, Mobi
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Credibility–it's elemental to business leadership. You can't lead without it. For successors in family businesses, establishing credibility can be their greatest challenge. Growing up in the shadows of their predecessors' successes makes it difficult for successors in family businesses to establish themselves and use their gifts to lead. To lead storied family businesses, successors build credibility the hard way – just like their parents did: they earn it. However, they may face the more formidable challenge of winning over those loyal to another leader and another way of doing business. They also live with the pressure of leading something that has already been successful. In ground-breaking research, Andrew Keyt interviewed more than 25 successors of family business legends, including Massimo Ferragamo (Salvatore Ferragamo), John Burke (Trek), Bill Wrigley Jr. (The Wrigley Companies), Christie Hefner (Playboy Enterprises), John Tyson (Tyson Foods) and Dick Devos (Amway). The insights and analysis from the study form the basis for the key insights on how successors overcome the obstacles to credibility and build on what the legends created.

Taking Over

Author: Mitchell Kaneff
Publisher: Mitchell Kaneff
ISBN: 0982845472
Format: PDF, ePub, Docs
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In 1997, family business owner Mitchell Kaneff became the CEO of his own family's business, Arkay Packaging. Negotiating complex succession issues, family politics and emotional fallout with relatives he'd known all his life, Mitchell became convinced there had to be a more effective - and less stressful - way to alleviate the powerful transition themes that can so often derail a family business. Mitchell emerged successful - although not unscathed - and the idea of writing about his experiences to help other people took hold. The result: "Taking Over: Insider Tips from a Third Generation CEO," a compilation of the many experiences - both his own and those of his friends and associates - Mitchell recorded over the years. In "Taking Over," Mitchell brings fresh insights and practical tools to anyone involved in family businesses today - regardless of their role. With its unique use of family anecdotes, combined with Mitchell's strong business acumen, "Taking Over" is a must-read for anyone involved in - or interested in becoming a part of - a family business today.

Get It Together

Author: Melanie Cullen
Publisher: Nolo
ISBN: 141332567X
Format: PDF, ePub
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Get It Together is a detailed workbook that helps you collect and organize your important papers and information. The author leads you through the process step-by-step, prompting you to find and keep track of: secured places and passwords employment records insurance policies real estate records tax records retirement accounts estate planning documents final arrangements letters to loved ones, and more. The end product will be an important and useful gift to those who wrap up your affairs after your death. Now available a companion Binder & Tab Set - search for "get it together binder and tab set"

Succession Planning for the Family Owned Business

Author: Mike Fager
Publisher: Lulu.com
ISBN: 0615176135
Format: PDF, ePub, Mobi
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Succession Planning for the Family Owned Business represents a comprehensive strategy for ensuring that your family business is passed successfully to the next generation. Within these pages, you will find everything you need to plan for the future of your small business as well as your family.

Wealth of Wisdom

Author: Tom McCullough
Publisher: Wiley
ISBN: 1119331536
Format: PDF, Kindle
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A critical resource for families managing significant wealth Wealth of Wisdom offers essential guidance and tools to help high-net-worth families successfully manage significant wealth. By compiling the 50 most common questions surrounding protection and growth, this book provides a compendium of knowledge from experts around the globe and across disciplines. Deep insight and thoughtful answers put an end to uncertainty, and help lay to rest the issues you have been wrestling with for years; by divulging central lessons and explaining practical actions you can take today, this book gives you the critical information you need to make more informed decisions about your financial legacy. Vital charts, graphics, questionnaires, worksheets and other tools help you get organised, develop a strategy and take real control of your family's wealth, while case studies show how other families have handled the very dilemmas you may be facing today. Managing significant wealth is a complex affair, and navigating the financial world at that level involves making decisions that can have major ramifications — these are not decisions to make lightly. This book equips you to take positive action, be proactive and make the tough decisions to protect and grow your family's wealth. Ensure your personal and financial success and legacy Access insight and data from leading experts Adopt the most useful tools and strategies for wealth management Learn how other families have successfully navigated common dilemmas When your family's wealth is at stake, knowledge is critical — and uncertainty can be dangerous. Drawn from interactions with hundreds ofwealthy individuals and families, Wealth of Wisdom provides a definitive resource of practical solutions from the world's best financial minds.

When Family Businesses are Best

Author: Randel S. Carlock
Publisher: Palgrave Macmillan
ISBN: 0230222625
Format: PDF, ePub, Docs
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This book shows family businesses working together at their best and explores how effective planning and communication help business families grow and become sucessful enterprises

Trapped in the Family Business

Author: Michael A. Klein
Publisher: Mk Insights LLC
ISBN: 9780984949205
Format: PDF, Mobi
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"In this honest and practical guide, Michael Klein shares his research findings and insights on how individuals get trapped in their family business, why they don't leave, and what can be done about it. Based on interviews with family business members, owners, and their advisors, Trapped in the Family Business sheds light on this common yet unexamined problem and offers solutions"--Page 4 of cover.

Your Family Business Your Net Worth

Author: Gary Pittsford
Publisher: Advantage Media Group
ISBN: 1599325934
Format: PDF, Docs
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Successfully Transition Your Business to the Next Owner You have spent a lifetime building and safeguarding your business. Now it’s time to retire. If you are like most business owners, you have more questions than answers. “What is my business really worth?” “Can I afford to retire?” “How can I safeguard my net worth and protect my family?” “How can I reduce taxes on the sale?” “Should I keep the business in the family, or sell it to someone else?” And the biggest question of all: “How do I get started?” Gary Pittsford has answered these tough questions for business owners in all 50 states and now wants to share his 40 years of financial experience with you. Your Family Business, Your Family Net Worth is your definitive guide to take the appropriate steps to confidently secure the best future for you, your family and your business.

Dirty Little Secrets of Family Business

Author: Henry Hutcheson
Publisher: Greenleaf Book Group
ISBN: 162634261X
Format: PDF, Mobi
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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 info 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, helping them move up, and prepping 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.

Family Business Succession

Author: C. Aronoff
Publisher: Springer
ISBN: 1137512083
Format: PDF, ePub, Mobi
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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.