Alan Weiss' The Uncomfortable Truth

We are in the midst of the largest transgenerational shift in wealth in the history of the country. Part of this are the maturing retirement funds created under the Reagan administration, and part is the succession of small business owners from founders to the second (or third) generations. Barry Banther has worked with hundreds of family businesses, from $50 million to $500 million in revenues. He creates strategies for continuity and succession, from family ownership to outright sales with proceeds going to the family. He distinguishes between family-owned and run businesses and family owned but not run businesses (run by professional executives employed for that reason). He's worked with some of the most well-known families in the country whom we can’t name here but whom you would recognize instantly, as well. He talks of the three major factors involved in positioning successful family businesses, and of the sometimes incredible factors overlooked (trusts, wills, successions plans, etc.). He points out