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Family Business: A Survival Guide (Paperback)

Family Business: A Survival Guide (Paperback)

Kieran McCarthy

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$23.57

“More than three quarters of businesses in Ireland are family-owned but less than a third make it through to the second generation.” Sunday Independent

Family businesses can be found in every sector of the economy, in all shapes and sizes. Regardless of size, however, running a successful family business brings unique challenges which can affect its chances of survival and the transition to the next generation. Irish family firms face increasingly complex issues that affect not only the future of the business, but also those of the proprietor, his or her family and employees.

  • How does a proprietor reconcile his own and his family’s aspirations with the commercial goals of the firm?
  • Can he motivate family and non-family employees alike?
  • Should he try to solve problems himself, or should he take independent advice?
  • When should he start addressing and planning for the major issue of succession, and who should he choose?

Other key issues include whether to sell, raise external finance, diversify, merge, and bring in more family members or more outside management. Kieran McCarthy has written a uniquely comprehensive guide to all facets of the family business for the business owner/manager as well as their professional advisors.

Featuring case studies and checklists of key steps to take, this new book addresses:

  • the conflict between the more emotional aspects of family life and the objective view required by business management;
  • the critical importance of having a family strategic plan;
  • integrating outside employees and family employees;
  • the value of an independent board of directors; and succession problems and relinquishing control.

This is Kieran’s first book and it brings together the key strands of his in-depth understanding of family businesses, across a whole range of issues from the commercial to the emotional.

Additional Information

Author Kieran McCarthy
Publisher Chartered Accountants Ireland
Publication date 17 Oct 2014
Format Paperback
ISBN/EAN 9781908199775

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