Books

	Understanding Family Business: A Practical Guide for the Next Generation Andrew Drake, IFB September 2009, £9.95 In many family businesses the next generation can drift into the business without a clear understanding of their role and responsibilities. This guide will help the Next Generation become responsible owners who are able to make informed contributions to the continuing success of the business. It is suitable for anyone who is invited to become involved in their family business, whether as a shareholder, employee, or member of the board. For an order form click on the book image (left).

	Business Families and Family Businesses STEP, 2009 This new guide, edited by the Society of Trust and Estate Practitioners (STEP), features chapters by leading practitioners in the field, including the Family Firm Institute, HSBC Private Bank, Boodle Hatfield and SandAire. The book considers what makes business families and family businesses unique, and examines the issues that advisers are often called upon to address when assisting them.

	Family Business Management Perspectives: Succession The Institute for Family Business, 2008 A practical guide for owners, helping to foster best practice in family business. Succession is arguably the greatest challenge that most family businesses face. Owner's willingness to plan for their succession (both ownership and management) is often the key factor determining whether their business survives or fails. This IFB guide encourages and explains succession planning, and provides a practical framework of effective strategies for managing generational transition.

	Ready, Willing and Able? - The Next Generation in the Family Business Authors: Nigel Nicholson and Åsa Björnberg, London Business School, 2007 What does "Ready, Willing and Able" mean? It means choice - choices by owners about what kind of family business they want to build and what kinds of futures they wish for their successors. For the successors it means choosing a role in relation to the family and its business. Family "climate" and the degree of emotional as well as financial ownership are the key factors that help influence the choices that are made. This report sets out to capture the voice of the next generation of family business owners. To purchase a copy of Ready, Willing and Able please click on the title to contact the IFB Secretariat.

	Family Businesses - Perspectives on Responsible Ownership Authors: Family Business Network/Institute for Family Business, Edited by Grant Gordon, 2007 A review of current thinking and best practice aimed at helping family shareholders (and family members expecting one day to become shareholders) to achieve a more successful approach to the ownership of their business.

	Family Business Leadership Inquiry Authors: Nigel Nicholson & Åsa Björnberg, London Business School, 2005 This report brings together the insights and observations of a select panel of family business leaders and experts on the complexities of culture, strategy, family and governance in the family firm. These issues are illustrated by a wealth of stories and examples of leadership challenges, methods and ideas. Practical lessons are included throughout.

	Family Wars: Classic conflicts in family business and how to deal with them Authors: Grant Gordon & Nigel Nicholson With insight into issues such as board-room power-struggles, family inheritance or the rights to use the family name, the book offers practical suggestions on how similar problems can be contained and solved, avoiding the disastrous consequences of family feuding.

	Strategic Planning for the Family Business Authors: Randel S Carlock & John L Ward Family business planning has traditionally centered on two issues: estate planning and succession. These goals are far too limited for today's family firm. The authors introduce the concept of the "Parallel Planning Process", explaining how to integrate the needs and expectations of the family and business systems in order to create an organic and entrepreneurial unit. Studies of well known family businesses are also included in this valuable resource.

	Family Businesses - The Essentials Author: Peter Leach Family firms are to be found in every sector of commercial activity, and their special strengths mean that they flourish best where their advantages can be fully exploited. This comprehensive guide covers every aspect of managing a family-owned firm, from day-to-day issues to long-term planning for future generations.

	Raising Financially Fit Kids Author: Joline Godfrey In RAISING FINANCIALLY FIT KIDS, Godfrey aims her friendly, approachable, and practical text at parents and grandparents of children ages 5 to 18. At the heart of the book is a developmental map covering 10 specific money skills children can master by the age of 18 to become financially secure adults. Godfrey’s fitness plan doesn’t encourage children to accumulate wealth for its own sake; rather, it helps children achieve independence and become responsible members of families and communities.