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Dirty Little Secrets of Family Business
Book

Dirty Little Secrets of Family Business

Ensuring Success from One Generation to the Next

Greenleaf Book Group, 2016 подробнее...


Editorial Rating

7

Qualities

  • Applicable

Recommendation

Owning a family business can offer many rewards. You can build wealth while you work alongside the people you care about most. But thriving family businesses frequently dissolve into lawsuits, lost income and strife. Consultant Henry Hutcheson says that a family firm must balance the business’s quest for profits with the family’s desire for harmony. In this extensive instruction manual, Hutcheson offers tips on resolving conflicts, preventing a sense of entitlement in the succeeding generation, setting up a board of advisers and attending to shareholders’ interests. His advice is a quick, interesting read free from gimmicky concepts and consultant-speak. getAbstract recommends Hutcheson’s guidance to founders and senior managers of family businesses, as well as to board members and future managers from succeeding generations.

Take-Aways

  • Most businesses, big or small, are family businesses.
  • Trust and open communication are crucial to the success of a family business.
  • To ensure your family firm’s survival clearly define the role and responsibility of each family member.

About the Author

Henry Hutcheson founded and serves as president of Family Business USA, a consulting firm for businesses that are family-owned.


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