{"product_id":"start-here-a-guide-for-family-business-succession-paperback","title":"Start Here: A Guide for Family Business Succession - Paperback","description":"\u003cp\u003eby \u003cb\u003eSara B. Stern\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eStart Here: Family Business Succession gives you a step by step method to start your family business succession. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eWARNING \u003cp\u003e\u003c\/p\u003eWhen done well, passing your family business to the next generation leaves you poised to take great care of your family, your employees, your customers, and your community. \u003cp\u003e\u003c\/p\u003eWhen done well, family business succession is a powerful way to build continuity in your business and leave a well-defined family legacy for generations to come. \u003cp\u003e\u003c\/p\u003eWhen done well, it is a fantastic way to create and maintain generational wealth for your family and security for your employees. \u003cp\u003e\u003c\/p\u003eWhen done well, it will look easy from the outside. \u003cp\u003e\u003c\/p\u003eFamily business succession is not for the faint of heart, strategy is involved, tough decisions get made and major risk factors get faced. It is critical to have healthy communication and a lot of patience. \u003cp\u003e\u003c\/p\u003eSuccession planning takes time-it can't be rushed. \u003cp\u003e\u003c\/p\u003eWhen a family rushes through family business succession, it is typically because some unavoidable issue caused the need for speed-perhaps there was a disaster, a family death, or both. Or, perhaps you didn't take the time to do it because you thought it would work itself out. Research and experience show that family business succession doesn't work itself out. When you wait too long you may have to rush.\u003cbr\u003eWhen family business succession is rushed, there are typically major risks to the business and family. Often, there is a great deal of wealth and stability lost in the process. Sometimes the business is forced to close when family business succession has not been planned in advance. \u003cp\u003e\u003c\/p\u003eThank goodness you're using this book right now, when there isn't an emergency. \u003cp\u003e\u003c\/p\u003eThis practical guide is designed to take you through a process to successfully transition the ownership of your business from one generation to the next. The activities in this guide are meant to help you create a solid foundation for ongoing family business ownership. It is designed to give you the clarity, communication, and consistency needed to work through the process in a way that serves your family and business well. \u003cp\u003e\u003c\/p\u003eThis guide is meant to help you get your fellow owners in agreement about how you will maximize opportunity and minimize risk for your family and business. It is meant to help you be good at making short and long term decisions that serve your business and family. \u003cp\u003e\u003c\/p\u003eIt is \u003ci\u003enot \u003c\/i\u003emeant to help you organize your business, clarify your vision or gain traction inside of your business. It is also not intended to help get your family healthy and productive. This guide is meant to help get your ownership group clear, healthy, and productive so you can pass your business from one generation to the next. \u003cp\u003e\u003c\/p\u003eThis guide does \u003ci\u003enot\u003c\/i\u003e dive into the needs of the family or the business. The focus here is simply ownership. \u003cp\u003e\u003c\/p\u003eThe average family business succession takes eight years (some take fewer years and some take more). Answering the following questions as an ownership team (not the team that runs the day to day business and not the family) improves the chances of your family business succession going well: \u003cul\u003e\n\u003cli\u003eWhat are our values?\u003c\/li\u003e\n\u003cli\u003eWhat is the legacy we're trying to build?\u003c\/li\u003e\n\u003cli\u003eWhat will things be like in ten years?\u003c\/li\u003e\n\u003cli\u003eWhat is our ownership philosophy?\u003c\/li\u003e\n\u003cli\u003eWhat is our plan (three years, one year and 90 days)?\u003c\/li\u003e\n\u003cli\u003eWhat do we need to solve to accomplish this?\u003c\/li\u003e\n\u003c\/ul\u003e\u003cbr\u003eFamily business succession happens in all three areas: family, business and ownership. The place to start for smooth succession in a family business is with ownership. The activities and ideas in this guide are focused on ownership.\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 58\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.14 x 9 x 6 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e February 21, 2019\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42713485672511,"sku":"9781726710619","price":17.82,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0105\/8226\/1823\/files\/8d1def5c551d04d302ff098b09766c13.webp?v=1765064845","url":"https:\/\/dhlswag.com\/products\/start-here-a-guide-for-family-business-succession-paperback","provider":"BBB","version":"1.0","type":"link"}