Available January 2019
Take Control of the Most Explosive Challenge in a Generation
JENIFER BARTMAN and EVELYN JACKS
From Shirtsleeves to Shirtsleeves in a generation?
From Dreaming Big to Bigger Dreams?
Will your business sell for millions,
blow up, or just wind down?
Will your family relationships survive it all?
Which will it be at the end of the road for your family business? The answer lies in your ability to embrace change and work with purpose to build a company that is scalable and has value beyond yourself. But at the same time, it is important to focus on the family relationships that will either suffer, become an impediment, or thrive along the way.
The reason? Even the most promising and profitable companies could perish when your investment in the business is marred by family conflict, but this is not the only factor at play. While it is quite normal for a typical family business to be inundated with challenge and change, seldom have so many potential threats been evident: demographic factors, disruption of key industries, dramatic change in the global economy, uncertain financial times and the typical family business problems.
Whether you are a long-time business owner getting ready to transition out or a new entrant to the “gig economy”, poised to grow and expand, you will appreciate this book for its contemporary and practical advice. It brings a common-sense approach to the challenges associated with building a company that has the potential to be sold to someone else in the future, from two experienced authors and business leaders who have helped the owners, executives, investors, and professional advisors with whom they work to prepare for the most explosive challenge in a generation: the retirement of the Baby Boomers and transition of their companies to a new guard, who face pitfalls and opportunities of their own.