Succession Planning, Estate Planning, Relinquishing Control, Competence and Commitment Issues with Heirs, Compensating Family Members.
Over the next decade, family businesses face unprecedented challenges. According to the latest Arthur Andersen survey, some 43% of family businesses will change hands, and relatively few family businesses have strategic plans in place to manage the transition.
'Arthur Andersen Answers The 101 Toughest Questions About Family Business', such as:
- How do strategic planning, mission statements, and business plans apply to my family business?
- How do I deal with a lack of competence or commitment in the next generation?
- Is it okay to have two or even three children or in-laws sharing management?
- How does the business provide economic security for me if I want to retire?
- Is it time to sell my family business?
The book covers critical issues facing families in business today; transition challenges facing the family business leader; heading off trouble in your family business; the family business in the new millennium; and much more. The authors present real-life case histories that show how a variety of families successfully confront and overcome the challenges that threaten their businesses. Let the leaders in business management - Arthur Andersen - arm you with the business savvy and insights you need to chart a course for family business success and stability.
