Succeeding in the Business

The Next Generation’s success is the business’ success. Build your own skills to help the company navigate the pitfalls of family business operations and ensure family business continuity.

To Be or Not to Be in the Family Business?

In many families where one company has put food on the table, kids through college, and pools in the backyard, there would be pressure for younger generations to follow in those footsteps. In my case, while my father and his sister worked for the business (with my aunt now serving as CEO), there was never any pressure or even encouragement for me, my brother, or my aunt’s daughter to come on board.

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Recommended Reads

Family Business books available on Amazon

At a certain level of wealth, money makes parenting harder, not easier.
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?
Sons in the Shadow explores the dynamics of family relationships in businesses both large and small about which relatively little has been written.
Preparing the next generation to inherit the family enterprise is the single most important determinant of a successful generational handoff.
Stop rushing into businesses born from half-baked ideas, misguided theories, and other forms of self-delusion.
Much of the advice we’ve been told about achievement is logical, earnest…and downright wrong.
Generation to Generation presents one of the first comprehensive overviews of family business as a specific organizational form.

This book will help HR managers and founders/owners develop a formal process within the company and also provide insights from family firms on how to manage sensitive topics ranging from family member compensation; family member appraisal, etc., and serves as a guide to HR managers struggling to get a "seat at the table" in family firms.

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