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Table of Contents for "Keep the Family Baggage Out of the Family Business:  Avoiding the Seven Deadly Sins That Destroy Family Businesses"


What's Causing This Mess?

The Family System, the Business System, and the Accompanying Baggage

Chapter 1: Why You Need to Read This Book

Chapter 2: Systems and Baggage

Chapter 3: When Worlds Collide: The Family System Meets the Business System


We Have Seen the Enemy, and He Is Us:

The Seven Deadly Sins That Destroy Family Businesses

Chapter 4: "It's the Same Old Song"

Chapter 5: "We're One Big, Happy Family"

Chapter 6: "They May Have Become Adults, but They'll Always Be My Children"

Chapter 7: "You're Not Loyal to This Family If You Insist on Being Selfish"

Chapter 8: Father Knows Best?

Chapter 9: "Maybe It Will Go Away If We Ignore It"

Chapter 10: "Tell Me About Your Childhood"


Succession: A Battleground unto Itself

Part III illustrates the emotional issues that confront family businesses as they undergo succession and presents solutions to help overcome the problems created by these issues. In addition, it is integrated with the key themes of this book – family systems, business systems and family baggage. This approach differs from all other family business books – books that focus exclusively on tax and accounting aspects of succession.

Chapter 11: Certain Problems Are Inherent to Succession

Chapter 12: The Baggage Returns in Time for Succession

Chapter 13: Evolutionary Versus Revolutionary Succession

Chapter 14: Successful Succession

This chapter provides a series of recommendations for ensuring success during succession. It begins by presenting key guidelines that the family needs to follow to ensure success, continues by presenting a series of business practices from companies that undergo successful succession, and presents a unique set of criteria that family businesses should use when deciding who will take over the family's business. In addition, this chapter provides advice to help business owners overcome their tendency to not properly develop successors, outlines steps that should be used to help the next generation of successors enter the family's business, and concludes with advice on how to help parents overcome their tendency to not relinquish control.


It Comes with the Territory: Other Problems Inherent in Family Businesses

Chapter 15: They've Stayed Too Long at the Fair: Long-Tenured Managers and Employees

Chapter 16: Interlopers, Consorts, and Other Undesirable Meddlers

Chapter 17: Baggage du Jour

Chapter 18: The American Dream Versus the Family Nightmare


All Is Not Lost: Recommendations and Solutions

Chapter 19: Create a Council of Advisors

Chapter 20: Create a Strong Team to Run the Company

Chapter 21: Develop a Strong Team

Chapter 22: The Right Consultant Is Critical to Your Success

Chapter 23: Additional Sources of Expertise

Chapter 24: Put It in Writing

Chapter 25: Final Thoughts

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