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Enabling Next Generation Legacies: 35 Questions That Next Generation Members in Enterprising Families Ask - Rilegato

 
9781777806309: Enabling Next Generation Legacies: 35 Questions That Next Generation Members in Enterprising Families Ask

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<p>“The next generation is our future.”<br><br>Answering the most pressing thirty-five questions of Next Generation members in a short and concise, yet competent way—leading academics, practitioners, and enterprising families come together to empower Next Generation legacies.<br><br>Masterfully detangling the intricate dynamics of the family, ownership, business, and wealth, the authors share best practices, real-life examples, and critical questions for reflection.<br><br>Part 1: Family<br>Defining family · Managing family dynamics · Dealing with conflicts · Family communication · Preparing generational transitions · Keeping the family united<br><br>Part 2: Ownership<br>Responsibilities and rights · Preparation of future owners · Dealing with non-active owners · Ownership transfers · Board expectations and roles · Owner networks<br><br>Part 3: Business<br>Preparing business entry · Working with nonfamily executives · Hiring family members · Promoting family members · Letting go of family members · Engaging family business consultants<br><br>Part 4: Wealth<br>Dealing with wealth · Pursuing a vocation outside of the family enterprise · Leaving the family enterprise · Selling the family business · Starting a family office · Pursuing philanthropy and impact investing<br><br>Enabling Next Generation Legacies is a powerful guide for Next Generation members and their families to ask better questions, make better decisions, live better lives, and build stronger legacies.</p>

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