Prescriptions for a Healthy Family Business - Softcover

Rivers, D. Wayne

Softcover

ISBN 10: 0965319326 ISBN 13: 9780965319324

Publisher: Family Business Institute, Incorporated, The, 2018

Synopsis

Prescriptions for a Healthy Family Business. The latest book written by Wayne Rivers and the Family Business Institute team covers topics such as: Family Stages Business Stages Understanding Family Business Owners The Male Aging Process A Model for Change The Ten Most Common and Costly Estate and Succession Mistakes Made by Family Business Owners Improving Communications Exit Strategies Much, much more!

About this title

About the Author

Wayne is the Co-founder and President of The Family Business Institute. In addition to blogging weekly and writing three books on the subject of family business, Wayne has appeared as an expert guest on NBC, MSNBC, CNBC, and CNN. Wayne is also a popular blogger for The Wall Street Journal s The Experts. Wayne has authored four books on the subject of family business: Our Family Business Crisis and How It Made Us Stronger The Top Nine Reasons Family Businesses Fail And the Eight Building Blocks for Creating a SUSTAINABLE Closely Held Business Prescriptions For a Healthy Family Business You Don t Have To Die To Win Success and Succession For Family Businesses Wayne has been quoted on the subject of family and closely held businesses by Fortune, BusinessWeek, Entrepreneur, CFO, Family Business, The New York Times, Washington Post, and by other trade, local, regional, and national publications. He has written hundreds of articles for various magazines and trade publications.

From the Back Cover

FACTS ABOUT FAMILY BUSINESS

How important are small businesses to the U.S. economy? Of the approximately 23 million businesses in the United States, small companies (those having 500 or fewer employees): *Represent more than 99.7% of all employers *Create Approximately three-quarters of U.S. net new jobs. *Employ 62% of the work force *Generate 64% or $5.9 trillion of annual gross domestic product (GDP)

Are family businesses surviving through the generations? More than thirty percent of family owned businesses survive into the second generation. Twelve percent are still viable into the third generation. Only about three percent of all family businesses operate into the fourth generatin and beyond.

A study of family business succession showed that the time invested in succession planning is crucial. Businesses that planned 10 years or more survived for at least 15 years at an 86% success rate. Those that planned between two and 10 years had only a 50% success rate. Those that planned two years or less succeeded only 25% of the time.

From the Inside Flap

Copyright 2005 By Wayne Rivers All rights reserved. Printed in the United States of America. No part of this book may be used or reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in critical articals and reviews. For information address the Family Business Institute, 3701 National Dr., Suite 103, Raleigh, NC 27612

Published by The Family Business Institute, Inc. 3701 National Dr., Ste. 103 Raleigh, North Carolina 27612 919-783-1880

Although the authors and publishers have made every effort to ensure the accuracy and completeness of information contained in this book, we assume no responsibility for errors, inaccuraracies, omissions, or inconsistencies herein. Any perceived slights of people, places or organizations is unententional. Readers should use their own judgement and consult reputable advisors for specific applications to their individual problems. None of the comments in this book are to be construed as individual advice.

Edition details

• Publisher: Family Business Institute, Incorporated, The
• Publication date: 2018
• Language: English
• ISBN 10: 0965319326
• ISBN 13: 9780965319324
• Binding: Paperback
• Number of pages: 204