Description
Every Family’s Business: 12 Common Sense Questions to Protect Your Wealth
By Tom Deans Ph.D.
This is the pre-eminent book for private family businesses. It has been included by the New York Times in their list of “10 Books Business Owners Should Read”. It is recommended by the Exit Planning Institute and the Family Business Institute, and by Bruce McGechan.
Difficult to purchase in New Zealand and with no Kindle option, Fealty has ordered a box of books so they can be supplied to New Zealand family businesses as they struggle to deal with the very particular dynamics of family businesses. The book is sold at cost.
In the book Tom refers to a ‘Family Blueprint’ which includes, “helpful tips for using the following 12 questions, which are designed to help family business owners protect their wealth and family relationships.” As a member of the Exit Planning Institute, Fealty can provide this blueprint to their clients and customers—please contact Fealty.
From the back cover,
“When William sits beside a stranger on Flight 371 to Barbados, he shares 12 questions that have guided the financial fortunes of his family for three generations…insightful, thought provoking and powerful, Deans writes what others have only dared think…”
From Bruce McGechan’s book, “Selling a New Zealand Business with ‘No Regrets'”, in Chapter 9: Family Businesses, he writes,
“Every Family’s Business challenges the idea that successful family businesses must keep family issues and business issues separate. Tom Deans believes this separation is impossible and that most family businesses are set up from the beginning to fail because they attempt it. Tom offers a compelling argument for why families should be clear about when they will sell the business and to whom. Families that are upfront and realistic about their goals for transitioning ownership of the business can avoid jealousy, sibling rivalry and regrettable inter-family lawsuits. Tom has designed the 12 Common Sense Questions offered in Every Family’s Business to start a conversation among family members with the view of protecting wealth and relationships.”
From Chris Snider’s book, “Walking to Destiny”,
“If you haven’t already, read Every Family’s Business: Common Sense Questions to Protect Your Wealth by Dr. Thomas Deans. Tom’s position is that selling the business is often your best bet, even if family is involved. And he takes a hard stance on gifting. If you are going to transition to a son or daughter, make them buy it from you at market value.”
From the publisher,
“Every Family’s Business challenges the idea that successful family businesses must keep family issues and business issues separate. Tom believes this separation is impossible and that most family businesses are set up from the beginning to fail because they attempt it. Tom offers a compelling argument for why families should be clear about when they will sell the business and to whom. Families that are upfront and realistic about their goals for transitioning ownership of the business can avoid jealousy, sibling rivalry and regrettable inter-family lawsuits. Tom has designed the 12 Common Sense Questions offered in Every Family’s Business to start a conversation among family members with the view of protecting wealth and relationships. Order the best-selling book that has helped protect the wealth of thousands of family businesses around the world.”
Publisher : Detente Financial Corp; 2nd edition (January 31, 2009)
Language : English
Paperback : 139 pages
ISBN-10 : 0980891019
ISBN-13 : 978-0980891010
Item Weight : 0.2 kg
Dimensions : 5.5 x 0.5 x 8.25 inches (21.5cm x 0.7cm x 14cm)
