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Challenges in Managing a Family Business

By Small Business Administration

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Book Id: WPLBN0000696895
Format Type: PDF eBook
File Size: 167,605 KB.
Reproduction Date: 2006
Full Text

Title: Challenges in Managing a Family Business  
Author: Small Business Administration
Volume:
Language: English
Subject: Small Business Administration, Small business bulletin, Regulations, codes, and protocols
Collections: Small Business Administration Collection
Historic
Publication Date:
Publisher: Small Business Administration

Description
Government Reference Publication

Excerpt
Introduction : when you put up your own money and operate your own business, you prize your independence. It's my business, you can tell yourself, in good times and in bad. In a family company, however, it's our business. When family members work together, emotions may interfere with business decisions. Conflicts may arise as relatives see the business from different perspectives. Those who are silent partners, stockholders and directors are likely to judge capital expenditures, growth and other critical matters primarily by dollar signs. Those engaged in daily operations are more likely to be concerned about production and sales figures and personnel matters. Obviously, there is potential for conflict.

Table of Contents
TABLE OF CONTENTS INTRODUCTION 1 KEEPING YOUR EYE ON THE GOAL 1 THE SPARKS FLY 2 IS THE MANAGER REALLY IN CONTROL? 2 WHO'S IN LINE TO TAKE OVER? 3 YOUR BROTHER-IN-LAW NEEDS A JOB 3 PERSONNEL PROBLEMS 4 SPENDING TO SAVE MONEY 4 MAINTAINING THE STATUS QUO BLOCKS GROWTH 4 HOW IS THE PIE DIVIDED? 5

 

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