Keep the Family Baggage Out of the Family Business: Avoiding the Seven Deadly Sins That Destroy...

Keep the Family Baggage Out of the Family Business: Avoiding the Seven Deadly Sins That Destroy Family ... | Quentin J Fleming | Must read for familys who work together

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Keep the Family Ba...

	Keep the Family Baggage Out of the Family Business: Avoiding the Seven Deadly Sins That Destroy Family ... Quentin J Fleming Fireside, 2000 - 336 pages average customer review:based on 10 reviews view larger image
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highly recommended

Family businesses epitomize the best of the American Dream: you work hard, you're your own boss, you leave a lasting legacy to your children -- or do you? Statistics show that only 30% of family businesses survive to the second generation, and a paltry 10% survive to the third generation. Family businesses are in trouble, and their survival is crucial to us all. Their success ensures our country's success -- and their failure can drastically affect our economic health.

In Keep the Family Baggage Out of the Family Business, family business expert Quentin Fleming has identified the Seven Deadly Sins that are invariably responsible for a family business's demise. Keep the Family Baggage Out of the Family Business presents practical and accessible advice geared toward the average family business owner or employee and is an invaluable tool for helping family businesses not only survive but thrive.

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Anyone with a Family Business must read this!!!

I spent ten successful years working for my fathers very successful business. He told me I would take over the business "someday", he had a heart attack and retired but could not give up control. This is VERY common as I learned from this book. I spent the last 3-4 years waiting for him to deal with the future of his business. This book and some others I read finally convinced me to move on with my life. It was a difficult decision, but ultimately freed me to begin my life on my terms. If any owners of a family business are reading this, please read this book and talk with your heirs. Eventually you will die and someone will have to keep your business alive, if they have the desire and interest it may as well be one of your children... This was the best of the family business books I read (I made it through 6). Good luck!!!

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Must read for familys who work together

This book, in a very neutral way, captures where families can go wrong, in the family business. Must read for all generations, both in and out of the business. Even if things are going great right now, read this book!

A Bargain Investment to check your Family Business Health

This book is a "healthy" reflection of time bombs unique to a family business. As a coach to family businesses, I can't stress enough that what can go wrong will go wrong at the time least expected.

The book's title is somewhat a turn off - in my opinion, these are not sins, but human nature at work - something most people are aware of, but avoid to address - and hope they will magically resolve themselves and go away. Further, there could also be a lack of knowing how to avoid them - or they simply do not apply.

However, I highly recommend the book based on it's content and for the topics covered. It is an easy read, and bargain investment, to figure out if your family business has committed, or is on the road to committing, one or several of the "seven sins".

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Down-to-earth

I wish I'd had this book years ago! My husband's family business was recently in bankruptcy and was bought out by another company. They committed practically all of these "deadly sins". The information is practical, appliable, and very real life advice. Heed his warnings!

More Truth Than Many of Us Want to Admit

As a family business counselor and consumate reader, I continually look for new materials that can help clients--family members and non-family managers--better understand the family business enterprises in which they are employed...or enmeshed.

The title of this book turned me off. I know of no family business that can avoid the "socalled 7 deadly sins." Family baggage is part of family business.

Nonetheless, I recommend the book. My usual use of the book is education of non-family managers who work for family business. My favorite reading references for professional managers are by John L. Ward: Keeping the Family Business Healthy, and his revised, expanded update, Strategic Planning for the Family Business.

Family members may be willing to read the book, although I have limited experience with that. I would refer them to books like Working With The Ones You Love by Dennis Jaffe.

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reviews: page 1, 2

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