Editorial Review:
Family businesses epitomize the best of the American Dream: you work hard, you're your own boss, you leave a lasting legacy to your children -- or do you? Statistics show that only 30% of family businesses survive to the second generation, and a paltry 10% survive to the third generation. Family businesses are in trouble, and their survival is crucial to us all. Their success ensures our country's success -- and their failure can drastically affect our economic health.In Keep the Family Baggage Out of the Family Business, family business expert Quentin Fleming has identified the Seven Deadly Sins that are invariably responsible for a family business's demise. Keep the Family Baggage Out of the Family Business presents practical and accessible advice geared toward the average family business owner or employee and is an invaluable tool for helping family businesses not only survive but thrive.
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Customer Reviews
Average Customer Rating: 
Down-to-earth  2007-03-26
I wish I'd had this book years ago! My husband's family business was recently in bankruptcy and was bought out by another company. They committed practically all of these "deadly sins". The information is practical, appliable, and very real life advice. Heed his warnings!
Anyone with a Family Business must read this!!! 2007-01-27
I spent ten successful years working for my fathers very successful business. He told me I would take over the business "someday", he had a heart attack and retired but could not give up control. This is VERY common as I learned from this book. I spent the last 3-4 years waiting for him to deal with the future of his business. This book and some others I read finally convinced me to move on with my life. It was a difficult decision, but ultimately freed me to begin my life on my terms. If any owners of a family business are reading this, please read this book and talk with your heirs. Eventually you will die and someone will have to keep your business alive, if they have the desire and interest it may as well be one of your children... This was the best of the family business books I read (I made it through 6). Good luck!!!
Must read for familys who work together 2006-01-25
This book, in a very neutral way, captures where families can go wrong, in the family business. Must read for all generations, both in and out of the business. Even if things are going great right now, read this book!
More Truth Than Many of Us Want to Admit  2004-05-15
As a family business counselor and consumate reader, I continually look for new materials that can help clients--family members and non-family managers--better understand the family business enterprises in which they are employed...or enmeshed.
The title of this book turned me off. I know of no family business that can avoid the "socalled 7 deadly sins." Family baggage is part of family business. Nonetheless, I recommend the book. My usual use of the book is education of non-family managers who work for family business. My favorite reading references for professional managers are by John L. Ward: Keeping the Family Business Healthy, and his revised, expanded update, Strategic Planning for the Family Business. Family members may be willing to read the book, although I have limited experience with that. I would refer them to books like Working With The Ones You Love by Dennis Jaffe.
okay, although I understand that it's the best of it's type 2003-05-13
Depending upon the health of your family (and family business) most of this book does not really apply. The author also openly states that. However, he does say that it only takes one of the "7 sins" to take down a family business and it does allow for some forewarning of things that should be avoided. He does cover a lot of ground, including immigrant businesses, a good section on succession of the business, and touches on both small and large family businesses. I found quite a bit of it to also be his sales pitch, implying that every family business should hire, in the foreground or background, a consultant, a lawyer, an accountant, and possibly a therapist =D Overall, it's an okay book covering topics which hopefully most people are aware of and warning you about things you may not be. If you are facing problems, this book may help you either diagnose it yourself or he suggests things to look for in an outsider to help you diagnose it. Good luck!
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