Dirty Little Secrets of Family Business: Ensuring Success from One Generation to the Next (3rd Edition)

Dirty Little Secrets of Family Business: Ensuring Success from One Generation to the Next (3rd Edition)

by Henry Hutcheson


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Product Details

ISBN-13: 9781626346246
Publisher: Greenleaf Book Group Press
Publication date: 02/01/2019
Pages: 248
Sales rank: 922,840
Product dimensions: 5.60(w) x 8.60(h) x 0.70(d)

About the Author

Henry Hutcheson is a Certified Management Consultant® and the founder and president of Family Business USA. He specializes in helping family businesses and privately held businesses improve business operations, prepare for transition, secure wealth, and strengthen family relationships. With over twenty-five years of business management and family business consulting experience, he has successfully helped families across the United States and internationally and in a broad range of industries. While his focus is on succession, his work entails managing conflict and enhancing communication, planning and preparing the family and business for a smooth transition to the next generation, grooming the next generation as high-performance leaders, and working with the existing generation to define their role going forward.

Henry is a frequent speaker at professional, university, and corporate-sponsored events and is the current family business columnist for the national magazine Nursery Retailer and the Columbia newspaper The State. He has written for Family Business Magazine and has been quoted in the Wall Street Journal and Crain’s, as well as in various business and trade magazines across the country.

Table of Contents

Acknowledgements ix

Introduction 1

Chapter 1 How Are Family Businesses Different? 7

Chapter 2 Conflict Resolution before Family Revolution 19

Chapter 3 Owner's Manual to Prepare the Next Generation 51

Chapter 4 Money Matters 69

Chapter 5 Creating Family Business Stability 89

On Control and Voting Shares

On Governance

Chapter 6 Choosing and Training a Successor 129

Chapter 7 When Family Isn't the Right Fit for the Future 153

Chapter 8 The Reins Change Hands 169

Chapter 9 Setting Up New Owners for Success 199

On Managing Millennial

Conclusion 231

Appendix 1 Online Family Business Assessment 235

About the Author 237

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