Recommended Reading for Family Business Leaders

04.03.2016
Small Business

Human Resources in the Family Business: Maximizing the Power of Your People

by David Ransburg, Wendy Sage-Hayward, and Amy M. Schuman

The tricky issues faced by family businesses are often centered on people—both in and out of the family—and involve multiple, complex, interrelated systems with many nuances. How these situations are addressed will dramatically influence the enterprise’s culture and performance, as well as family relationships now and into the future.

Human Resources in the Family Business shows how HR practices can help family firms achieve their values-driven goals as a family and a business.

Filled with case studies, frameworks and practical tools, this book addresses how to successfully anticipate and manage people issues and opportunities including:

  • How to maximize the value of the HR function as a strategic business partner with family owners and business leaders.
  • How HR can build on a conscious culture of success from the family owners’ vision and values.
  • How to employ family members in the business in a way that works best for the family, business and individuals.
  • When and where HR should interface with the family and how that is best accomplished.
  • How to recruit, interview and hire the best talent, balancing the needs of both family and nonfamily members.
  • How to manage employee exits effectively, especially those of family members.
  • How to handle sensitive issues such as underperforming family employees, compensation, substance abuse, etc.

Perhaps more than in any other type of company, a thoughtful, holistic approach to human resources in the family business – and its continuous evolution – is a critical contributor to long-term success.


Your Family Business, Your Net Worth: Strategies For Succession Planning

by Gary Pittsford

It’s time to retire. If you are like most business owners, you have more questions than answers:

  • What is my business really worth?
  • Can I afford to retire?
  • How can I safeguard my net worth and protect my family?
  • How can I reduce taxes on the sale?
  • Should I keep the business in the family, or sell it to someone else?
  • And the biggest question of all: How do I get started?

Gary Pittsford has answered these tough questions for business owners in all 50 states and now wants to share his 40 years of financial experience with you.

Your Family Business, Your Family Net Worth is your definitive guide to taking the appropriate steps to confidently secure the best future for you, your family, and your business.


Governance in Family Enterprises: Maximizing Economic and Emotional Success

Governance in Family Business

by Alexander Koeberle-Schmid, Denise Kenyon-Rouvinez, and Ernesto Poza

Presents a comprehensive overview of governance in family enterprises, including practical management knowledge in easy-to-use frameworks and interviews with renowned family enterprise owners and managers. Readers will benefit from the book’s systematic approach and the opportunity to learn from the experience of other family enterprises.


Generation to Generation: Life Cycle of the Family Business

by Kelin Gersick, John Davis, Marion McCollom Hampton, and Ivan Lansberg

The authors views family business as a specific organizational form and focuses on the inevitable maturing of families and their firms over time. Readers will learn about the dynamics and challenges family businesses face as they move through their life cycles. The book is divided into three sections that present a multidimensional model of a family business. The authors use the model to explore the various stages in the family business life span and extract generalizable lessons about how family businesses should be organized.


Innovation in the Family Business: Succeeding through Generations

by Joe Schmieder

The author shares a broad range of tools and pathways that family businesses across sectors use to stimulate, execute, measure, and reward innovation. The 50-plus family stories cited in this book will inspire any family enterprise to create a strategy and environment that can stimulate success for many generations to come.



Family Wealth Continuity: Building a Foundation For the Future

Family Wealth Continuity

by David Lansky

“A treasure for both business families and families who are in the business of wealth management, Family Wealth Continuity is now the definitive practical, interactive tool for assessing, planning, and implementing continuity.

“Lansky’s structure of building blocks, clarified by self-assessment at the end of each chapter will help family members organize where to start and what to do.”
— Thayer Willis, LCSW, wealth counselor, speaker, and author of Navigating the Dark Side of Wealth: A Life Guide for Inheritors and Beyond Gold: True Wealth for Inheritors


The Family Business Mentoring Handbook

The Family Business Mentoring Handbook

From the publishers of Family Business Magazine

“Who do you envision leading your family business 25 years from now? Your son? Daughter? Niece or nephew? An in-law? Perhaps a nonfamily employee?

“The most critical challenge facing your family business is smart succession planning.

“That’s why it’s important that you have the foresight to intelligently prepare the next generation for the leadership reins of your family’s company.

“From discovering the principles of mentoring to preparing for succession, The Family Business Mentoring Handbook offers valuable insights and ideas on being an effective mentor—as well as advice to the next generation on being successful protégés.”
— Richard C. Snebold, Jr., Co-founder, The Family Business Center at Citizens National Bank

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