<p>Going from the sibling to the cousin generation is the last major transition for business owning families and many times this is the most complicated transition. A cousin-stage business requires a completely different pattern of thought than a sibling-stage business. This book by the authors of Making Sibling Teams Work: the Next Generation is aimed at helping cousins organize themselves and their extended family for success as a group that owns and runs a business together. You will become knowledgeable about the key issues that cousins face, such as how to attract the most capable family members into the business leadership roles or how to develop agreement among owners who may be widely scattered in geography and opinions. If you are a sibling owner, this book will help you create the circumstances to help your children become successful team -if it's the family's goal to continue in business together. This is a how-to book aimed at helping the cousin generation continue working together successfully. In From Siblings to Cousins: Prospering in the Third Generation and Beyond you'll learn: the requirements for success; managing the business in the cousin generation; the art of governance in the cousin generation; the transition issues that occur from siblings to cousins; special challenges for cousins; assuring continuity and success; and much more. When cousins set their hearts and minds to it, they can work together and give continuity to a viable business and the owning family. Transforming themselves from a disparate group of cousins who once hardly knew each other into a Cousin Collaboration will be both awe-inspiring and rewarding. From Siblings to Cousins: Prospering in the Third Generation and Beyond will show you how.</p>

From Siblings to Cousins Prospering in the Third Generation and Beyond

Business & Money

Craig E. Aronoff

John L.Ward

Management & Leadership

Family Business Consulting Group Publications

Finally an Informative, Accessible Crash Course in Family Business Finance With fresh examples and insights, including a new chapter on private equity as a source of family business capital. Family businesses are walking a constant tightrope. On one side is the need for capital to grow the family business. On the other side is a need for shareholder liquidity. Shift too far one way or the other and it s a long way down sometimes without a net. Owners and managers of family businesses need to have a firm grasp of sound financial principles in order to walk that fine line between returns to shareholders and serving the needs of the business. When it was first published in 1995, Financing Transitions: Managing Capital and Liquidity in the Family Business brought sorely needed financial insight to thousands of family business members. It is now updated to include a greater level of financial sophistication as well as a broader array of tools, best practices, and ideas, including: Solutions for providing liquidity and family business capital; New chapters on private equity options for family businesses and family offices; Case studies and examples culled from decades of family business experience; The family effect and how it can make your business more effective. Strategic insights that will make your family business more sound. If you find family business financial practices to be among the most challenging aspects of your business, you need this book. And so do other family members in your business.

Financing Transitions: Managing Capital and Liquidity in the Family Business

PH.D.

Francois M. de Visscher

Finance

<p>Compensation matters are among the most frequently asked and complicated questions facing business-owning families. What is fair? How can the rewards of ownership be distinguished from pay for performance? How can the owner motivate and retain key non-family employees? Family Business Compensation shows you how to deal with these tough issues in ways that strengthen your business and your family teams. This brand new edition of Family Business Compensation offers new case studies and includes new information from enterprising families. The booklet shows you how to: develop a philosophy of compensation establish incentive plans make compensation a catalyst for business planning compensate non-family executives build trust through the compensation process communicate about the subject</p>

Family Business Compensation 2nd Edition

Stephen L. McClure

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Books by Family Business Consulting Group Publications