From Siblings to Cousins: Prospering in the Third Generation and Beyond (A Family Business Publication)

Statistics show that many family businesses fail by the third generation-- those that survive are able to navigate the transition from a sibling run business to an expanded family run business. Here Aronoff and Ward show siblings and cousins how to work together on key issues that are critical to the future success of the business including how to attract the most capable family members into leadership roles, how to develop agreement among many owners, and how to create a "cousin collaboration" which will go a long way to determining the prosperity and fortune of your firm. Front Matter....Pages i-vii Introduction....Pages 1-3 A World of Difference....Pages 5-16 Re-energizing the Family....Pages 17-28 The Requirements for Success....Pages 29-41 Special Challenges for Cousin-Owned Businesses....Pages 43-48 Managing the Business in the Cousin Stage....Pages 49-59 The Art of Governance in a Cousin Business....Pages 61-79 Assuring Continuity and Success....Pages 81-86 Summary....Pages 87-89 Back Matter....Pages 91-102