Taking Over: Insider Tips from a Third-Generation CEO - Softcover

Mitchell Kaneff

Softcover

ISBN 10: 0982845464 ISBN 13: 9780982845462

Publisher: Ten Eagles Press, 2010

Synopsis

Third-generation CEO Mitchell Kaneff knows that when family businesses create and implement an effective strategy for handing over the reins, they enjoy a much higher success rate. In Taking Over, he introduces a straightforward approach to succession planning that addresses the special, overwhelming challenges family-run companies face.
 
Drawing on his experiences, as well as those of other family business owners, Mitchell gives leaders, heirs apparent, and their families the tools and inspiration they need to overcome the turmoil of transition.
 
Taking Over will show you how to: 

• Tackle the complex emotional and psychological issues associated with the family business--before you take it over
• Hire advisors to reduce tension and resolve family conflict--and then cut them loose
• Begin preparing for your exit as soon as you enter the business
• Choose the most competent successor in a measured, detached way--and relinquish control of the company graciously 
• Maintain financial stewardship and preserve family values to pass both wealth and traditions to the next generation 

Filled with candor and real-life stories, this book will help you transfer leadership to the next generation while keeping your company--and your family--intact and thriving.

About this title

About the Author

Mitchell Kaneff, first-time author of Taking Over: Insider Tips from a Third-Generation CEO, is the Chairman/CEO of third-generation family business, Arkay. With his unique insider's view, Mitchell has written a revealing book about the hidden faultlines and obvious triumphs of life inside a family-owned business. Mitchell's company has been an industry leader in the value added folding carton arena for over a century. Guiding it forward since 1997 and consistently defining and redefining its direction and goals, Mitchell has used his experiences in this privately held family company as a main resource for his book. While committed to his leadership role at Arkay, Mitchell has many other interests, including working on his next book about the unique relationship he enjoyed with his father, Howard Kaneff, who passed away suddenly in 2022, Arkay's 100th year in business. An ardent musician, Mitchell also performed for years with his band, The Young Presidents, and has recently formed a duo, Mitch & Millie, with his wife, Amelia Leigh. Mitchell lives in Southampton and it's his hope that his twin sons, Josh and Max Kaneff, will one day be fourth-generation leaders of Arkay!

From the Back Cover

Mitchell Kaneff always wanted to be a rock star. But when the family business faced especially trying times and its future was in jeopardy, he jumped in to help and became a CEO instead.

Like many generational successions, his was fraught with uncertainty, anxiety, and conflict. Confronted with entrenched family politics, emotional fallout, and difficult legal and financial issues, Mitchell was soon convinced there had to be a more effective--and less stressful--way to weather the transition storms that so often derail family businesses.

When Mitchell emerged successful--though not unscathed--the idea of writing about his ordeal took hold. In Taking Over, he presents a fresh perspective and useful advice to help ease leadership transfer and preserve family legacies. Com­bining Mitchell's expertise with compelling anecdotes, this book is a must-read for anyone involved in a family business today.

From the Inside Flap

Third-generation CEO Mitchell Kaneff knows that when family businesses create and implement an effective strategy for handing over the reins, they enjoy a much higher success rate. In Taking Over, he introduces a straightforward approach to succession planning that addresses the special, overwhelming challenges family-run companies face.

Edition details

• Publisher: Ten Eagles Press
• Publication date: 2010
• Language: English
• ISBN 10: 0982845464
• ISBN 13: 9780982845462
• Binding: Paperback
• Edition number: 1
• Number of pages: 168
• Editor: Sandra Jonas, Ruth Rugoff