The Business of Family

How do families build and maintain their wealth? This question has challenged families for generations. In business, any wise entrepreneur would develop a plan to guide the venture. Though most people don't have a strategy in mind for their families, it is precisely what they need. This book applies [...]
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How do families build and maintain their wealth? This question has challenged families for generations. In business, any wise entrepreneur would develop a plan to guide the venture. Though most people don't have a strategy in mind for their families, it is precisely what they need. This book applies business concepts to invest in our families with as much focus and discipline as we do our financial assets. The Business of Family teaches you how to write your own family business plan using time-tested strategies from the corporate world to provide a practical, user-friendly method that ensures your family knows where it's been, where it's headed, and how it's going to get there. Just like a company, a family must invest in its people, who require support, training, and commitment to a purpose. Just like a company, a family deals with unexpected challenges. Just like a company, a family needs laser-sharp focus on its goals in order to thrive. Linda Davis Taylor is the CEO of the nation's oldest investment advisory firm, Clifford Swan Investment Counsel, and she has seen first-hand how important it is for the family to be connected by a common purpose.With an unprecedented amount of wealth passing to the next generation, the opportunity exists to reverse the old 'shirtsleeves to shirtsleeves' proverb. Applying a business mind-set to your family strategy will help you do that. The Business of Family is not a business book about how to make money. The Business of Family is about the most important business of all-your family.