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The family business becomes much more complex as it goes from the founder to next generations. As more family members work together several challenges become apparent and can threaten the business if not addressed. This book shows the family members how to confront the problems and how to create solutions.

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The family business becomes much more complex as it goes from the founder/entrepreneur to next generations. As more family members work together several challenges become apparent and can threaten the business if not addressed. This book, written by experts in the field of family business, shows the family members how to confront the problems and how to create solutions. Including:
-Acknowledging that change needs to happen class
-Building a formal structure around the business including decision making processes
-Strengthening both personal and professional relationships
-Determining who has a role in the family business (spouses, children)
-Creating a process to address conflict
And more.
The authors have over 50 year work experience in family business - from their business research at top universities, to their global consulting practice.
An updated look at how siblings work together to both continue and build on family business success

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Table of Contents Intro Why Should Siblings Journey Together Why this Transition is So Hard - The Role of Complexity Challenges and Opportunities Facing the Siblings Setting the Stage - The Role of the Founding Generation Managing the Outside Risk - Effectively On-boarding Sibling Spouses Developing the Sibling Partnership Building the Business and Family Systems to Support the Sibling Partnership Sticky Issues and Predictable Bumps in the Road Laying the Foundation for the Cousin Generation to Follow Conclusion: Enjoy the Journey and the Destination

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