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Your Business, Your Family, Their Future: How to Ensure Your Family Enterprise Thrives for Generations - Hardcover | Diverse Reads

Your Business, Your Family, Their Future: How to Ensure Your Family Enterprise Thrives for Generations

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From mom-and-pop stores to Fortune 500 corporations, the family business as an institution is widespread and enduring—yet only 30 percent of family enterprises successfully transition to the next generation. In this accessible and deeply informed new book, family enterprise expert Emily Griffiths-Hamilton (author of Build Your Family Bank: A Winning Vision for Multigenerational Wealth) shares the secrets of successful multigenerational family enterprises. Through extensive research and personal and professional experience as a member of and advisor to family enterprises, Griffiths-Hamilton has developed an unconventional approach that looks beyond narrow business considerations to focus on the critical aspect of every family enterprise—the “family factor.” Successful multi-generational family enterprises, she explains, are animated by a unifying vision that rests on shared values. Mutual trust and strong communication skills are vital for families to articulate these foundational elements, which will then inform a “family enterprise framework” that can endure for generations. Planning for the long-term health of a family business doesn’t need to be complicated. Beginning with a single meeting, family enterprises of every shape and size can use the insights in this book to build robust frameworks that will reward their members for decades to come—not just financially, but with strengthened family connections, a shared sense of purpose, and perhaps most importantly, a bit of fun.

ISBN-13: 9781773270531

Media Type: Hardcover

Publisher: Figure 1 Publishing

Publication Date: 09-18-2018

Pages: 200

Product Dimensions: 5.80(w) x 8.50(h) x 1.00(d)

Emily Griffiths-Hamilton is a chartered accountant, a family enterprise advisor, and conflict resolution coach who brings three generations of experience to the subject of wealth and family-business transition planning. Her maternal grandfather, veterinarian Dr. William Ballard, was one of North America’s greatest dynamic wealth creators. Her father, Frank A. Griffiths, FCA, built a highly successful sports and media empire. Griffiths-Hamilton herself has been the co-owner of a National Hockey League team, the Vancouver Canucks; a National Basketball Association franchise, the Vancouver Grizzlies; and a state-of-the-art arena. Griffiths-Hamilton’s professional training, expertise, and unique first-hand experience have given her a deep understanding of the benefits of clear, considered succession and family-business transition planning. Today, she is passionate about advising individuals and families on the effective, responsible transition of wealth and family businesses over generations. Her first book, Build Your Family Bank: A Winning Vision for Multigenerational Wealth, was released in 2014

Table of Contents

Foreword Jim Treliving ix

Introduction: Put Your Family on the Path to Success x

1 To Sell or Not to Sell 1

2 Why Family Business Transitions Fail 13

3 Family Enterprise Basics 25

4 Trust and Communication 44

5 Shared Values and Vision 59

6 Your Family Enterprise: Framework, Decision-Making and Policies 72

7 The Elephant in the Room 100

8 Family Business Advisory Boards 115

9 Your Family Office 128

10 Family Enterprise Advisors 142

Conclusion: Embarking on the Journey 149

Bibliography 151

Acknowledgments 169

Index 175

About the Author 186