Dirty Little Secrets of Family Business
Ensuring Success From One Generation to the Next
Dirty Little Secrets has become a bestseller just a month after launch, part of the top .1% of all books sold on Amazon worldwide. Now available at Hudson Booksellers and Barnes & Noble, This book explains that family businesses, like relatives, come in many shapes and sizes. More than 66 percent of all family businesses do not make it to the next generation. This book sheds light on the dirty little secrets of family business, and then it offers some effective strategies for keeping communication open and dealing with a range of difficult problems that may arise.
Most family businesses begin with a single founder, who either saw an opportunity or simply took action to make ends meet. Maybe it was both. However, this can quickly evolve into a husband-and-wife team, or two brothers or sisters. Many family businesses are owned and run by women, who have the additional burden and conflict of being “mom” and the chief emotional support for the family. Then the next generation comes along, grows up among the hustle and bustle of their parents trying to build a business, helping out where possible, and one day finding that they are working in their parent’s business. Then the kids get married and bring in-laws into the business. Trusted and capable non-family employees are picked up along the way.
Ultimately, communication is the key to success for any family business, and the book delves into how to achieve that on a consistent basis.