Family Business

In a family business, your work life and your private life are not separate entities. Learn the challenges and benefits that come with running a family business.

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Knowledge Pack
Succession Planning for Family Business
How to sustain a big, happy family company

Summaries

Book
 

Henry Hutcheson

Greenleaf Book Group, 2016

(7)

Book
 

Beth Macy

Little, Brown, 2014

(9)

Book
 

William Knoedelseder

HarperBusiness, 2012

(7)

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Christopher J. Eckrich and Stephen L. McClure

Palgrave Macmillan, 2012

(8)

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Meg Cadoux Hirshberg

An Inc. Original, 2012

(8)

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Grant Gordon and Nigel Nicholson

Kogan Page, 2008

(8)

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Peter Leach

Profile Books, 2007

(8)

Book

Manfred F. R. Kets de Vries et al.

Wiley, 2007

(7)

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Larry and Laura Colin

Career Press, 2008

(7)

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David S. Landes

Viking Press, 2006

(8)

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Judy Martel

Bloomberg Press, 2006

(7)

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Rich Cohen

FSG, 2006

(8)

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John Ward et al.

Wiley, 2005

(8)

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Siobhán Creaton

Aurum Press, 2005

(9)

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Louis P. Crosier

Wiley, 2004

(7)

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James E. Hughes Jr.

Bloomberg Press, 2004

(8)

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William T. O’Hara

Adams Media, 2004

(7)

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Jack Mitchell

Hyperion, 2003

(9)

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Randel S. Carlock and John L. Ward

Palgrave Macmillan, 2001

(9)

Book

Fred Neubauer and Alden G. Lank

Routledge, 1998

(8)

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Family Business

Just because you eat your meals at the same table doesn't necessarily mean you want to work with your family. The dynamics of operating a family business are distinctive, demanding and complex. Spending 40 hours a week -- or more -- at the office with your parents, spouse, siblings or children presents unique challenges. Some families are able to manage the transition between private life and work life; others struggle to separate the two. In either case, getAbstract's insightful summaries on running a family business will provide the information and direction you need to make your special arrangement work. Some of the world’s most successful and prestigious family-owned corporations have thrived throughout multiple generations. On the other hand, history is replete with examples of family businesses that have been doomed by hopeless, bitter infighting. Family businesses, large or small, typically must overcome similar obstacles. getAbstract will show you how to avoid common pitfalls, such as discussing personal matters at the office or failing to utilize impartial consultants to mediate policy debates.

The Write Approach

Shooting from the hip is never a wise strategy – especially in a family business. getAbstract will demonstrate the necessity of putting everything in writing, from individual duties and responsibilities to executive hierarchy to compensation and bonuses. You’ll see the wisdom in hiring talented and experienced managers from the outside, even if it means bypassing family members to fill influential positions. The bottom line is that getAbstract will give you the best opportunity to succeed. And who doesn’t want that for their family?