Resources for Family-Run Businesses
Craig Aronoff and John Ward are the authors of Another Kind of Hero: Preparing Successors for Leadership and Family Business Succession: The Final Test of Greatness, both part of the Family Business Leadership series published by Business Owner's Resources (800-551-0633). These slim volumes (each $14.95) are filled with the wisdom of two established experts. Another option from the same series: Making Sibling Teams Work: The Next Generation (also $14.95), which Aronoff and Ward cowrote with Joseph H. Astrachan and Drew S. Mendoza.
Passing the Torch, by Mike Cohn, is a classic succession tome, but, alas, it's currently out of print as Cohn prepares the third edition. While you're waiting, the older versions are worth a trip to your local library. The Cohn Financial Group also produces a bimonthly newsletter, Transitions and Traditions ($30 a year; call 800-422-3883).
NetMarquee's Family Business NetCenter is a great source of one-stop Internet shopping for family business information. You'll find links to many university-based family business programs, plus articles on succession and other related topics.
DONNA FENN | Inc.com Contributing Editor
Donna Fenn is the author of Upstarts! How GenY Entrepreneurs Are Rocking the World of Business and 8 Ways You Can Profit From Their Success, an exploration of the ways Gen Y is changing the entrepreneurial landscape.