This is a guide for business owning families and their professional advisors. The authors argue that the single most important factor to the success of any business is relationship intelligence. The book aims to demonstrate how improved relationships translate into more effective leadership, ownership and ethics in business.

This is a guide for business owning families and their professional advisors. The authors argue that the single most important factor to the success of any business is relationship intelligence. The book aims to demonstrate how improved relationships translate into more effective leadership, ownership and ethics in business.

Why are family businesses so challenging? Family is about unconditional love, and business is about profit. Dirty little secret: these two goals do not always align. This book explains that family businesses, like relatives, come in many shapes and sizes. Surprising statistic: More than 66 percent of all family businesses don't succeed to the next generation. This book uncovers the dirty little secrets of family business, and then offers some effective strategies for keeping communication open and dealing with difficult problems that may arise. Most family businesses begin with a single founder, who either saw an opportunity or simply took action to make ends meet. Maybe it was both. However, this can quickly turn into a husband-and-wife team, or two brothers or sisters. Many family businesses are owned and run by women, who have the additional burden and conflict of being "mom" and the chief emotional support for the family. Then the next generation comes along, grows up among the hustle and bustle of their parents trying to build a business, helps out where possible, and one day finds that they are working in their parent's business. Then the kids get married and bring in-laws into the business. Trusted and capable non-family employees are picked up along the way. Ultimately, communication is the key to success for any family business and the book delves into how to achieve that on a consistent basis.

KEEP YOUR FAMILY BUSINESS ON THE PATH TO SUCCESS. More than 24 million family businesses in the United States employ 62 percent of America's workforce. And in Asia, Europe, Australia, and Latin America, family businesses account for as much as 80 percent of the private sector. So what's different about these businesses? How often does sales for a Fortune 500 firm slump because two brothers couldn't get along? Almost never. But it happens all the time in family businesses. If the family is off track, the business will derail. FAMILY, INC. is a witty, engaging blueprint for maintaining peace within the family and the business. The authors use real-life characters to provide uncommon insights with commonsense solutions. After all, they know that firing Uncle Bill is more difficult than firing just any Bill.

Family Business Conflict Archetypes, Frames, Roles, and Tactics are discussed in this book with a view toward educating readers to the common conflict cycles that family businesses encounter. More specifically the book will address twelve conflicts that are common in family owned businesses, how to spot them and how to resolve them.