9 Elements of Family Business Success: A Proven Formula for Improving Leadership & Realtionships in Family Businesses
Running a family business is like running any other business--with the addition of many extra challenges. A family-owned enterprise involves unique management, compensation, hiring, and other business issues regarding family member employees. 9 Elements of Family Business Success addresses the specific challenges faced by owners of family businesses, and it shows family members employed in the business how to enjoy their positions while helping the organization reach its highest potential.
Every relationship between family members comes with its own unique set of dynamics. When transferred into the workplace, these dynamics introduce emotional factors and hot buttons that can make or break the business. In this comprehensive guide, Allen E. Fishman spotlights all the challenges such organizations face and provides practical advice for creating your own strategy to meet them--and strengthen relationships within the family, as well. Fishman provides solutions to the problems unique to a family-run business, along with handy checklists to ensure you're covering all the angles. You'll learn how to:
9 Elements of Family Business Success contains detailed case studies of specific challenges faced by real family business owners and employees. Each one explains how the owner or employee identified the problem and the steps he or she took to solve it. Apply Fishman's advice, and you'll experience all the benefits and avoid the pitfalls that come with running a family business.
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Hiring and Firing FamilyMember Employees
Compensating FamilyMember Employees
Selecting the FamilyMember Successor
Grooming the FamilyMember Successor
Aligning the Culture of the Family Business with the Company Vision
Addressing Spousal Business Partners Multiple Role Challenges
Recruiting Retaining and Inspiring NonFamilyMember Employees in a Family Business
Transitioning Ownership to Family Members