The Soul of Family Business: A practical guide to family business success and a loving family

The Soul of Family Business: A practical guide to family business success and a loving family

by Tom Hubler

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Overview

The Soul of Family Business by Tom Hubler takes readers on a journey throught the heart and soul of family business. Using case studies from his more than thirty-five-years as a family business consultant, Hubler explores what it takes to run a successful family business, illustrating how love is the foundation and family values are the secret sauce for success.

The Soul of Family Business covers topics such as the development of a shared vision for the family and for the business, tackling “speck of dust” issues, creating individual and organizational strategies to ensure a personally and financially rewarding business, and wealth preparation planning to ensure that family values continue to emphasize a family culture of gratitude, philanthropy and living purposeful lives.

Product Details

ISBN-13: 9781732040007
Publisher: Lilja Press
Publication date: 09/01/2018
Pages: 234
Product dimensions: 6.00(w) x 9.00(h) x (d)

Table of Contents

Foreword v

Chapter 1 The Foundation of Family Business 1

Lessons from Fences 4

The Power of Love 9

From the Case Study Files: Brothers in Conflict 10

Formalizing the Love 12

The Hubler Checklist™: Family Meetings 16

From the Case Study Files: The Jones Family 18

Chapter 2 The Soul of Family Business 23

Family Values: Heart and Soul 23

Common Family Vision™ 26

From the Case Study Files: The Thomas Family Vision 34

From the Case Study Files: The Lincoln-Smith Family Vision 36

The Business of Gratitude 37

From the Case Study Files: The Gratitude of Gratian 42

Chapter 3 Family Business Best Practices 45

Happy Families, Healthy Families 45

Mindfulness and the Management of Family Business Stress 49

From the Case Study Files: The Mattison Family 51

From the Case Study Files: The Stephens Family 51

To BOD or Not to BOD 55

From the Case Study Files: Peterson Realty 56

The Powers that Be 58

Don't Mix Business with Family Holidays 60

Separating Business from Family 63

Coming Into Money 64

Five Secrets of Highly Successful Family-Owned Businesses 66

Chapter 4 Managing Conflict 71

Family Business Problems: Do Family and Business Meet or Collide? 71

Circles of Influence 72

Forgiveness as an Intervention in Family-Owned Business 74

From the Case Study Files: The Danz Family 84

Managing Conflict in a Family-Owned Business 88

The Silent Treatment 96

From the Case Study Files: The Harris Family 97

Emotional Equity 98

Alcoholism's "Stinkin' Thinkin" 100

From the Case Study Files: The Riley Family 101

From the Case Study Files: The Olson Family 103

Betrayal: The Emotional Malady of Family Businesses 106

From the Case Study Files: The Brown Family 106

From the Case Study Files- The Howard Family 110

Chapter 5 Changing of the Guard (Succession Planning) 113

The Ten Most Prevalent Obstacles of Family Business Succession Planning 113

Inside-Out Succession Planning™ 122

Perpetuating the Family Business 130

Intellectual Property and Succession Planning 132

From the Case Study Files: Uncle Joe and Bruce 133

A Special Note About Female Entrepreneurs 137

Preparing for the Unthinkable: Loss of the Entrepreneur 139

From the Case Study Files: The Horwath Family 139

From the Case Study Files: The Watson Family 141

From the Case Study Files: The Anderson Family 143

The Last Challenge of Entrepreneurship™ 145

From the Case Study Files: Jim and Robert 147

Chapter 6 The Soul of Family Legacy 155

My Parents' Legacy 158

Family Legacy in Action 161

Legacy Through the Generations 162

From the Case Study Files: Bill and Mart 163

Chapter 7 Advice for Advisors 165

Family Business Consultants as Leaders 165

Are you Trained to Ride the Elephant in the Room? 175

Afterword-What's My Legacy? 181

Acknowledgements 187

Appendix 189

Tom's Favorite Terms 189

Entrepreneur's Checklist™ 191

Twenty-three Ways to Deal with the Tough Stuff in Family Business™ 199

The Life Career Planning Program™ 201

From the Gregg Levoy Seminar; Callings-The Power of Passion at Work 204

Tom Hubler's Recommended Readings 208

References 209

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