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

by Quentin J. Fleming

Family businesses epitomize the best of the American 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.

Genres: Business

336 pages, Paperback

First published February 29, 2000

Reviews

[Jessica B]

Straight forward book that tackles a variety of situations that can occur within a family business specifically concerning succession. A great tool to get owners and successors on the same page when it is hard to broach complex and at times emotionally charged topics.

Highly recommend all family businesses read this book, you're guaranteed to get something out of it.

[Kendra Cox]

Fleming’s approach to the subject of family baggage is straightforward and compelling. All too often the family owners subconsciously sabotage their company by refusing to deal with emotional family issues, which in turn affect decisions made in the business.

[Siera Lumanto]

It is a very interesting book about family business and tell you how to separate between family and business.

[Andrew Njoo]

useful