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Keeping the Family Business Healthy: How to Plan for Continuing Growth, Profitability and Family Leadership

Abstract

Less than one-third of family-owned businesses survives until the second generation because owners or managers avoid making decisions about the company's future. As a result, they fail to adapt to changing business and family conditions. In this best-selling reprint of his classic Keeping the Family Business Healthy, John Ward offers numerous practical resources to help family businesses develop strategies for long-term prosperity. You'll learn: how to overcome difficulties caused by changes in the nature of the business, its organization's character, or the family's expectations; how to ensure family interest in leading the business; how to assess the firm's financial and market situation; how to develop a strategic plan; how to plan the family's role in the company's future; how to shape a business strategy that incorporates the family; how to promote a revitalized business vision and strategy after a leadership transition and more... In its pages you'll find a number of practical worksheets and models like: a values questionnaire; a sample financial analysis of business; strategic planning worksheets; sample business strategic plan; sample family strategic plan; chart detailing "blood" equity versus "sweat equity" Keeping the Family Business Healthy is a useful guide for owners, managers, family shareholders, and the professionals who serve family firms.

Type

Book

Author(s)

John L. Ward

Date Published

1987

Citations

Ward, L. John. 1987. Keeping the Family Business Healthy: How to Plan for Continuing Growth, Profitability and Family Leadership. Family Enterprise Publishers.

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