Four Voices: Managing Love, Loyalty, Fam

From Italian, English and Mexican proverbs to Arabian or Chinese parables the curse of family business is always the same. Namely, that the first generation makes it, the second generation enjoys it and the third generation destroys it! Rags to riches and back again in three generations.

But it doesn't have to be this way.

This book tells the story of love, loyalty and wealth, and how they can happily co-exist and endure through the generations once we understand the family business theorem:

n = (F x B)^w / G^s

n = Complexity

F = Family

B = Business

W = Wealth

G = Governance

S = Stewardship

You will finally learn the reasons, commercial and biological, that explain the inevitability of the various universally experienced family business issues and the conflict and angst those issues can create.

And perhaps, more importantly, for the first time, you will be presented with a genuinely comprehensive solution.

Managing love, loyalty and family wealth successfully generation after generation comes down to a collective willingness to elicit four voices: from the business, the individual family members in the business, the family and the wider family community.

Governance and stewardship are what facilitate the emergence of these crucial voices, thus ensuring your business never falls victim of the curse.

John Vamos has worked alongside businesses for over 35 years, including many of Australia's most successful, wealthy and enduring familydynasties. Regarded by many as the father of business coaching in Australia, John was certainly the first to apply 'business coaching'as a professional designation. Over three decades he has also been the lead strategic facilitator for many of Australia's top 200 publicand private companies.He has met countless business leaders inside family enterprise who are confronted and often challenged by the reality they find themselvesin - a reality that requires them to resolve the complex challenges that arise when family, success, wealth and succession meet.