Trapped In The Family Business

How do individuals get trapped in their family business? What does it look like when someone is trapped? Is exiting the only option? Based on interviews with family business members, owners, and their advisors, Trapped in the Family Business sheds light on this common yet unexplored issue and offers solutions for how to manage it. In the expanded second edition to this practical guide, Dr. Michael Klein shares research findings, insights, and how to avoid this challenging and complex situation. For more information, go to: trappedinthefamilybusiness.com

"In this honest and practical guide, Michael Klein shares his research findings and insights on how individuals get trapped in their family business, why they don't leave, and what can be done about it. Based on interviews with family business members, owners, and their advisors, Trapped in the Family Business sheds light on this common yet unexamined problem and offers solutions"--Page 4 of cover.

They all agreed that somewhere between 95 and 99 percent of the people have felt trapped in their family business at some point. This book will increase your understanding (and empathy) for this situation and provide a way for you to offer support. Based on interviews with family business members, owners, and their advisors, this book sheds light on this common yet unexplored issue and offers solutions for how to manage it. In the expanded second edition of this practical guide, the author shares research findings, insights, and how to avoid this challenging and complex situation.

National bestselling author Carl Weber returns with Essence bestseller La Jill Hunt in the latest installment in the wildly popular Family Business series. LC Duncan, patriarch and leader of the Duncan clan, is alive and well after being shot by a mysterious gunman. His near death experience has caused him and his wife Chippy to reflect on both the past and present, and together they decide that it’s time to return to Waycross, Georgia for a long overdue family reunion. Wherever the Duncans go, trouble is never too far behind, and this time it comes in the form of longtime Duncan enemy Vinnie Dash and Orlando Duncan's baby momma, Ruby. Vinnie and Ruby are back to seek revenge on the Duncan family, and they continue to deny Orlando the opportunity to meet his only child, who has been named after his family’s sworn enemy. Orlando takes things into his own hands and sets out to Jamaica to get his son. The beautiful Paris Duncan is being haunted by recurring nightmares of her true love, Niles Monroe. She blew up his private plane when he became a threat to her family; however, there have been signs that suggest he may still be alive. On top of this, Darryl Graham, a long lost family friend, has returned and reignited a feud between Paris and London. Will the sisters have it out once again over the attention of a man? Get ready for another roller coaster ride with the Duncan family.

It's all in the family Family businesses are the backbone of any economy, but they can present a host of challenges that can affect their chances of success. The Complete Idiot's Guide® to a Successful Family Business is the most current and comprehensive book that tells the proprietors of family concerns how to deal with such unique issues, including expansion beyond the original family business, and family versus hired management. • 80 percent of all businesses in America are family-run • Written by a nationally known author team • Instructive anecdotes about successful businesses provide practical, hands-on-advice

Remember when you used to love your business? In some ways, you still do. But it can also feel like a trap. No matter what you try, your business can't run without you and it doesn't scale. It can be frustrating. Overwhelming. Exhausting. But you can't just walk away. You're committed to what you've created, have clients and staff you care about, and you don't want to work for someone else. Debbie King knows what it's like to feel trapped by a business you used to love. She felt that way for years before she made two fundamental shifts: she changed the way she thought about her business and the way she ran it. In Loving Your Business, Debbie shows you how to rethink your relationship with your business and reclaim your life. Instead of taking everything from you, your business can give you what you really want: more time, a sense of purpose, and ultimately, complete financial freedom. Learn how to leverage your brain and manage your mind so that you turn your company into a scalable asset that can run without you. That's a business you'll love owning (and other people will too). In fact, that's a business you can even sell when you're ready.

Why do successors decide to join the family business? The current study investigated the hitherto largely ignored perspective of the successor on succession as career decision process. Grounded on family business and career development theory, insights gained from the qualitative analysis of 16 in-depth interviews with successors were used to develop a successor profiling tool. It is composed of three main elements: the succession decision as process, influences of facilitating and inhibiting factors as well as underlying successor commitment over time. A gender sensitive perspective was adopted in order to account for gender differences during tool development. The tool developed offers a practical contribution by helping young family business members to consider succession in relation to their career development.

"What good fortune to have all of Kaye's thoughtful, insightful and provocative articles in one volume! No one describes the conflictual patterns in family enterprise better and no one better addresses how family advisors can intervene to build trust." --Fredda Herz Brown, Managing Partner, The Metropolitan Group "A manual that demystifies family business relationships and a survival guide for business consultants working with them. A must read!" --Phillip Colon, Optimal Resolutions, Inc. "Ken Kaye has been one of the best thinkers and writers in the field. I often return to his articles for sound theory and practical suggestions. Finally, they're all in one book!" --Jane Hilburt-Davis, President, Family Firm Institute "If there is one core issue facing family business it is how to overcome conflict and establish the trust that is vital in effective working relationships. Ken Kaye has been the key theorist/practitioner in bringing clear principles into play for working with families." --Dennis Jaffe, Saybrook Graduate School "For thinking outside the box, insightful understanding and innovative techniques, Kaye's book will be indispensable for those who care about the family enterprise." --Jerry Kleiman, Optimal Resolutions, Inc. "Ken Kaye's articles are full of great illustrations that apply theory to practice. His engaging, provocative writing makes for a delightful read about solutions to the biggest challenges faced by business families. Keep a copy close to your desk." --Stephen McClure, Family Business Consulting Group "Ken Kaye's seminal work on the function of conflict in the business family is core knowledge needed by every practitioner." --Mark Voeller, Dialogue Solutions, Inc.

The harrowing story of five men who were sent into a dark, airless, miles-long tunnel, hundreds of feet below the ocean, to do a nearly impossible job—with deadly results A quarter-century ago, Boston had the dirtiest harbor in America. The city had been dumping sewage into it for generations, coating the seafloor with a layer of “black mayonnaise.” Fisheries collapsed, wildlife fled, and locals referred to floating tampon applicators as “beach whistles.” In the 1990s, work began on a state-of-the-art treatment plant and a 10-mile-long tunnel—its endpoint stretching farther from civilization than the earth’s deepest ocean trench—to carry waste out of the harbor. With this impressive feat of engineering, Boston was poised to show the country how to rebound from environmental ruin. But when bad decisions and clashing corporations endangered the project, a team of commercial divers was sent on a perilous mission to rescue the stymied cleanup effort. Five divers went in; not all of them came out alive. Drawing on hundreds of interviews and thousands of documents collected over five years of reporting, award-winning writer Neil Swidey takes us deep into the lives of the divers, engineers, politicians, lawyers, and investigators involved in the tragedy and its aftermath, creating a taut, action-packed narrative. The climax comes just after the hard-partying DJ Gillis and his friend Billy Juse trade assignments as they head into the tunnel, sentencing one of them to death. An intimate portrait of the wreckage left in the wake of lives lost, the book—which Dennis Lehane calls "extraordinary" and compares with The Perfect Storm—is also a morality tale. What is the true cost of these large-scale construction projects, as designers and builders, emboldened by new technology and pressured to address a growing population’s rapacious needs, push the limits of the possible? This is a story about human risk—how it is calculated, discounted, and transferred—and the institutional failures that can lead to catastrophe. Suspenseful yet humane, Trapped Under the Sea reminds us that behind every bridge, tower, and tunnel—behind the infrastructure that makes modern life possible—lies unsung bravery and extraordinary sacrifice.

WINNER OF THE NEWBERY MEDAL • WINNER OF THE ASIAN/PACIFIC AMERICAN AWARD FOR CHILDREN'S LITERATURE • #1 NEW YORK TIMES BESTSELLER Would you make a deal with a magical tiger? This uplifting story brings Korean folklore to life as a girl goes on a quest to unlock the power of stories and save her grandmother. Some stories refuse to stay bottled up... When Lily and her family move in with her sick grandmother, a magical tiger straight out of her halmoni's Korean folktales arrives, prompting Lily to unravel a secret family history. Long, long ago, Halmoni stole something from the tigers. Now they want it back. And when one of the tigers approaches Lily with a deal--return what her grandmother stole in exchange for Halmoni's health--Lily is tempted to agree. But deals with tigers are never what they seem! With the help of her sister and her new friend Ricky, Lily must find her voice...and the courage to face a tiger. Tae Keller, the award-winning author of The Science of Breakable Things, shares a sparkling tale about the power of stories and the magic of family. "If stories were written in the stars ... this wondrous tale would be one of the brightest." —Booklist, Starred Review