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The Soul of Family Business
Book

The Soul of Family Business

A Practical Guide to Family Business Success and a Loving Family

Tom Hubler
Lilja Press, 2018

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Editorial Rating

8

Qualities

  • Applicable
  • Concrete Examples
  • Insider's Take

Recommendation

Family firms face issues and hazards that nonfamily firms never face. At the same time, family businesses can realize special opportunities that nonfamily firms can’t achieve. Tom Hubler, who has decades of experience as a therapist in family business consulting, details the practices that make these companies work. Though his manual is informative and useful, his repetitiveness and tendency to name business concepts after himself – Hubler’s Legacy Model, Hubler’s Speck of Dust Theory and Hubler’s Checklist – somewhat dull his worthwhile advice and practical insights. He does provide smart, proven conflict-resolution techniques to keep family members working together in harmony. And, he writes movingly of the importance of “heart and soul” in a family business. Relatives and nonfamily members in family firms will gain insight and understanding from his advice.

Take-Aways

  • In most family businesses, family members don’t sufficiently express love and appreciation for one another.
  • For a family firm to succeed, the relatives involved should set clear rules to separate “family time” from “business time.”
  • The more family meetings you hold, the more successful your family firm will be.

About the Author

Business consultant Thomas Hubler specializes in US family-owned businesses. He is a founding member and fellow of the Family Firm Institute in Boston.

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