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

(Hardback)

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Description

From mom-and-pop stores to Fortune 500 corporations, the family business as an institution is widespread and enduringyet 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 enterprisethe 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 doesnt 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 comenot just financially, but with strengthened family connections, a shared sense of purpose, and perhaps most importantly, a bit of fun.

Reviews

Outstanding! An essential read for every business owner. Jim Treliving, Chairman and owner, Boston Pizza International "Emily provides the building blocks for the successful transition of family enterprises from one generation to the next." Klaus Wiemann, Private Banking Senior Manager, Zurich "Valuable, insightful and practical advice from a business builder who has helped other business owners make decisions for the long term success of their family enterprise." Terry Neill, Partner, Deloitte

Author Bio

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 Americas 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-Hamiltons 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