Family Inc

Actionable, intelligent CFO training for the Chief Family Financial Officer Family Inc. is a roadmap to financial security for the family CFO. Too much personal wealth management advice essentially boils down to goal-setting, which isn't helpful or effective in terms of overall financial planning. This book takes a different track, giving you a crash course in corporate finance and the tools to apply the field's proven, time-tested principles in the context of your family's financial situation. You'll learn the key principles of wealth creation and management, and learn how to make your intellectual and real capital work for you. Your family situation is unique, and your principles must sometimes differ from the standard financial advice—and that's okay. Life is not a template, and even the best strategy must be able to adapt to real-life situations. You'll learn to chart your own path to financial security, utilizing the author's own tools that he developed over 15 years as an active board member, chairman of the board, or chief financial officer of multiple companies. Oversimplified wealth management advice does not leave you equipped to manage your real-world finances. This guide is written with intellectual rigor, but in the language of family discussion, to give you a real, practical guide to being an effective family CFO. Create your own financial prosperity and security Align financial acumen with your family's specific situation Adapt to real-world situations and make your financial advisor work for you Utilize powerful financial tools to help you build financial independence Every family needs a CFO to manage wealth, and the principles of corporate finance apply from the boardroom to the living room. Family Inc. delivers actionable advice in the form of CFO training to help you plot a real-world family financial plan.

KEEP YOUR FAMILY BUSINESS ON THE PATH TO SUCCESS. More than 24 million family businesses in the United States employ 62 percent of America's workforce. And in Asia, Europe, Australia, and Latin America, family businesses account for as much as 80 percent of the private sector. So what's different about these businesses? How often does sales for a Fortune 500 firm slump because two brothers couldn't get along? Almost never. But it happens all the time in family businesses. If the family is off track, the business will derail. FAMILY, INC. is a witty, engaging blueprint for maintaining peace within the family and the business. The authors use real-life characters to provide uncommon insights with commonsense solutions. After all, they know that firing Uncle Bill is more difficult than firing just any Bill.

Did you know eighty-five percent of family firms do not survive the third generation? Your Family, Inc.: Practical Tips for Building a Healthy Family Business will help the busy entrepreneur lower this drastic failure rate by providing great tips and practical advice for creating a successful and pleasant environment when working in the family business. Containing unique and valuable hints for building a better business, this book uses specific examples designed for different situations. Filled with suggestions and proven advice, this important guide offers important ideas on deciding which family members should control stock, who should first work in another company to gain experience, and how to determine which individuals should make business decisions, and much more. Your Family, Inc. offers you specific steps to help avoid common problems and pitfalls with such insightful tips as: recognizing the dangers of a family triangle to avoid any problems before they become detrimental to the company realizing the difference between being asked to respond as a family member--parent, daughter, uncle, or son--and when the problem relates to business developing strategies to keep the family firm accountable by developing a group of advisors that may include the corporate attorney, accountant, or CEOs of noncompeting industries making business decisions for the right reasons, and building consensus in the family to support the decisions creating criteria for future leadership in advance by recognizing the direction the industry is taking, the needs of the company and the values of the family From Your Family, Inc., you will discover how healthy families and healthy family firms develop practical decision-making processes which will endure for generations to come. This essential book provides you with practical information to help your family business improve family relations and to positively impact business now and for future generations.

Presents a guide to incorporating business principles into the management of a household, suggesting the adoption of such office systems as meetings, "employee evaluations," budgeting, and long-term planning.