Pass the Business, Please

Book excerpt: In Pass the Business, Please: How to Transition the Family Company to theNext Generation, Lang reveals the most common pitfalls that derail familybusinesses and offers solid strategies for avoiding them. And by followingthe journeys of three real-life family companies Lang profiles, you'll learnwhat to do, what not to do, and how to correct course midway to ensure yourcompany's success.From dealing with sibling rivalry and communication issues to choosing the nextsuccessor and long-term planning, Lang lays out a detailed road map any familybusiness can follow. By using this book as your guide, you'll gain the skills andknow-how to create a family business that lasts for generations to come.