Family Business Recommends

Our publishers and editors have hand selected the following books for you to consider adding to your library. Happy reading.

Mark Haynes Daniell and Tom McCullough

Family Wealth Management is coauthored by two experts in the field of private wealth - one, a former director of Bain & Company and the chairman of two of the world's largest family trusts, and the other, a CEO of a leading global family office and professor of finance from University of Toronto. The book introduces you to a unique model of wealth management that produces the desired return outcomes while being consistent with a family's overarching goals and values. The approach combines the best traditional investment and portfolio management practices with innovative new approaches designed to successfully navigate through economic climates both fair and foul. While the authors address  the critical "hard" issues of asset management, they also emphasize important "soft" issues of working with families to ensure that actions are congruent with objectives, in alignment with family governance principles and designed to help sustain and grow family wealth over multiple generations. 

Michael M Carter, Daniel Priestley and Scott Gabehart

"'What's your business worth?' is the last question I have asked for over 60 years to any entrepreneur that came into my office looking for money." Legendary Investor Warren V. 'Pete' Musser, founding investor of Comcast, QVC, and Novell "Business valuation knowledge will shape the future of commercial lending for both lenders and business owners." Tom Petro, CEO, Fox Chase Bank "Today, small businesses have the deck stacked against them in accessing lending, getting financial support, planning for their future or simply selling their business. Knowing your business' value magically unlocks these doors and connects business owners to services and support they sorely need." Randy Shuken, Former SVP WorldWide Strategy in the office of the CEO for MasterCard "If you are a financial advisor, helping your clients or prospects understand their business value will be something that sets you apart and win in the future." Edmond Walters, Founder and former CEO of eMoney Advisor (Fidelity) "What the credit score is for consumers, I think the business valuation score will be for businesses in the future looking for credit." William Groves, former SVP Analytics, Dun & Bradstreet

Mitchell Kaneff
Third-generation CEO Mitchell Kaneff knows that when family businesses generate — and implement — an effective strategy for succession, a template is created that can be a foundation of success for several generations to come.  Taking Over introduces a straightforward approach to this planning that addresses the unique and complex challenges family-run companies all too often face and then provides the necessary tools to keep them on track and moving ahead.
 
Drawing on personal experiences, as well as those of other family business owners, this book gives families the inspiration they need to overcome the turmoil of transition.  Filled with candor and real-life stories, “Taking Over” can assist family business transfer leadership to the next generation while keeping both the company and the family intact and thriving.
Mitzi Perdue

Only 30% of family business will make it to the next generation. The fact that so many businesses fail to make the transition to the next generation--the usual cause is family strife--means problems not only for the families involved, but for the entire global economy. What Can Be Done Mitzi Perdue's book, HOW TO MAKE YOUR FAMILY BUSINESS LAST, addresses the issue. She gives practical advice on how a family businesses can develop a culture that supports keeping the family business in the family. Her advice can be useful to any multi-generational family. Her I've-lived-it experience comes from membership in two long-lasting family enterprises. Her family of origin began in 1890 with the Henderson Estate Company, forerunner of the Sheraton Hotels which her father co-founded. Perdue Farms (she's Frank Perdue's widow) began in 1920. The secret for the longevity of both families is: neither the Hendersons nor the Perdues left their family's legacy to chance. Using checklists, activities, stories, and tips, Mitzi shares little-known but practical techniques for teaching members that: • Family members have a responsibility to something greater than themselves. • Compromise, including understanding the other's point of view, is key. • Membership in a family business comes with benefits but also with the need for occasional sacrifices. • Elders are responsible for passing along key values and attitudes to the next generation. Happy, high-functioning business families rarely happen by accident; they happen by design. Using the right knowledge, tools, values, and resources, Mitzi's book helps families do just that.

Mitzi Perdue

Mitzi Perdue was raised as the daughter of an American hotel family--much like Paris Hilton. Her Dad, Ernest Flagg Henderson started the Sheraton Hotel chain with his brother and his college roommate after the three young men returned from World War I. Unlike many modern celebrity families, the Henderson's put a premium on hard work, family values, education and contributions to society. 

Ernest Henderson's youngest daughter Mitzi grew up to be a California rice farmer, Commissioner on the United States National Commission on Libraries and Information Science, a United States Delegate to the United Nations Conference on Women, news columnist and healthy lifestyle advocate on Maryland's Eastern Shore. 

Mitzi Perdue is the mother of two sons, and widow of the late Frank Perdue, President and CEO of Perdue Farms. Their love affair, friendship and marriage took them around the world and taught Mitzi life’s lessons which she shares with readers as "Frank Perdue's Ethical beliefs." 

This light-hearted and frank autobiography reveals life among the rich and famous. Mitzi Perdue shares first-hand memories about growing up as a privileged debutante who was always expected to make positive contributions to society. "I Didn't Bargain for This" is an American story about Mitzi Perdue, daughter and wife of two legendary American families-- the Hendersons of Massachusetts, founders of the Sheraton Hotel Chair and the Perdues of the Chicken company of Maryland.