The Successful Family Business

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Family-owned businesses are vital to the U.S. economy, yet many struggle to survive beyond a few years. Edward Hess explores the unique challenges these enterprises face, highlighting the importance of planning for successful transitions and conflict resolution among family members. The book provides actionable strategies, including developing a family values statement, managing leadership changes, and addressing benefits for employees. It concludes with essential operating rules and resources, offering a comprehensive guide for fostering the longevity and health of family businesses.