Your 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.

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.

More than 24 family businesses in the United States employ 62 percent of America's workforce. And in Asia, Europe, Australia, and Latin America, experts say family businesses could account for as much as 80 percent of the private sector. What's different about dealing with family members than dealing with underlings and managers at an impersonal corporation? When was the last time sales for a Fortune 500 company slumped because two brothers couldn't get along? Not that often, if ever. But it happens all the time in family businesses. Millions of families spanning the globe know they have problems ordinary businesses don't; they know if they don't keep the family on track, the business will derail. Family, Inc. is a witty, engaging blueprint for maintaining peace within the family without busting the business. The authors use characters straight out of "Family Business Central Casting" to provide uncommon insights mixed with commonsense solutions. After all, they know that firing Uncle Bill is a bit more traumatic than firing just any Bill. You'll meet: Dad the Decider: Can he run a successful business and keep the family happy? Mom, CFO (Chief Family Officer): Can she keep the business from destroying her family? The Hard-Charging Son: How can he get Dad to move aside without ruining their relationship? The Sibling Rivals: Will they ever cooperate when each believes Dad loved the other one best? Mrs. & Mr. Inc.: How can they juggle business, marriage, sex, and the kids? The Supportive Spouse: What can she do to ensure her husband is treated fairly on the job by her family? With these and other captivating characters, Family, Inc. will show you how to keep your family from ruining the business and your business from ruining the family. You'll laugh, you'll cry...and you'll avoid a train wreck.

Does your work life "balance" feel anything but? Most people will probably tell you that you need to be more strict about separating your office and home lives, and WHATEVER YOU DO, DON'T TAKE THE OFFICE HOME WITH YOU! To this, husband-and-wife authors Caitlin and Andrew Friedman say: Think again! In Family Inc., they share how they were able to use the organizational strategies they'd relied on in their professional lives to bring the joy—and yes, the sanity—back into their home. Caitlin and Andrew Friedman met while working at a thriving midsize PR firm. Fifteen years of marriage, twins, a house, and three career changes later, they found themselves overwhelmed by their daily responsibilities. In this invaluable guide to making your household run more smoothly, the Friedmans take readers step by step through a process of reenvisioning their domestic lives as well-run, successful business ventures. According to the Friedmans, by introducing such simple activities as family meetings, job descriptions, and regular "employee evaluations," it's amazing how simple and stress-free life suddenly can become. Using the tools offered in this book, you will soon see tensions eased, household tasks completed, and family downtime rediscovered.

Families come in different sizes, but everybody needs people to care about them! How Are We Alike and Different? Find out in My Family, Your Family, Our Families.

Makayla meets her friends' families. She notices some families have many children, but others don't. Some friends live with grandparents or have two dads or have divorced parents. How is her own family like the others? How is it different?