Sustaining a Family Jewel: Planning For and Driving Generational Succession in Family-Owned American Manufacturing Companies

Preserve your legacy, avoid family trauma and discord, and secure the future of your family business with Sustaining a Family Jewel.Family-owned manufacturing companies are the heart of America’s economy, yet many falter when it comes to passing the torch. With drama often taking center stage, as seen in series like Succession, the importance of a well-planned generational transition cannot be overstated.In this book, you will:Master the Generational Succession Cycle to prevent the common “overalls to overalls in three generations” pitfall.Understand why planning for generational succession is crucial to defining your leadership of your family and your business.Understand the need for thoughtful and early planning to minimize the family trauma and discord that often accompany succession and can destroy a family and its wealth.Understand why maintaining your family business helps to preserve your family’s wealth and legacy.Reinforce the importance of generational succession planning in developing a meaningful and effective estate plan.Learn the commitment necessary for successful succession and the risks of neglecting to plan for it.Discover how your family business contributes to a stronger economy and society.Explore strategies to keep your manufacturing company within the family rather than selling it off—or, worse, being forced to sell it off.Sustaining a Family Jewel provides a practical framework for ensuring your family-owned business thrives across generations. Don’t leave your legacy to chance—read on to discover how to sustain your family jewel. Read more