The Family Business Suicide Prevention Guide

First the Bad News Family businesses make up the vast majority of the economy, yet their failure rates are just as high as non-family firms. The tragedy is that when a family business goes under, an entire family's legacy is lost, often with traumatic consequences. Now for the Good News Family business suicides CAN be prevented, but not without: 1. Identifying each of the many factors involved, 2. Discovering the complexity of the context of your particular situation and 3. Understanding the dynamics of the people involved. Based on well documented and extensive academic research and more than 20 years of practical coaching and mentoring experience, this book will: • Highlight the key differentiators between corporate versus family firm succession processes - so you can better understand the scientifically established principles to improve the chance of success within your family firm. • Help you as the next generation heir ascend to the throne without wreaking havoc within your family - there is no point in saving the business if you destroy your family in the process! • Help guide you if you are a non-family member in a family-run firm - so you won't feel helpless the next time a family issue spills over into the business. • Give you advice on transferring family ownership to outsiders - even though this might not be your first choice, it might be an unavoidable reality that requires you to be ready to transition properly if you are to maximise your exit strategy. • Help you avoid the most common mistakes and missteps that claim too many family firms. The suggestions and advice are based on cutting edge research combined with practical tips you can apply in your business immediately. The Only Cure for Family Business Suicide is Prevention About The Author Dr Marc Dussault has 5 university degrees spanning engineering, business, law, ecommerce and corporate governance. He is an advocate for family businesses, altruistically trying to reduce the number of small business fatalities by educating, coaching and mentoring small business owners. Travelling the world as The Exponential Growth Strategist, Dr Dussault embraces a holistic approach to business growth and personal development. His Exponential Strategies, concepts and principles are based on academic theories initially conceived within the strict peer review system and validated via the scientific method. Only those strategies proven to produce extra-ordinary results for ordinary business are deemed worthy of the designation 'Exponential'. Publisher's Website: http://sbprabooks.com/MarcDussault