Managing the Family Business (Arabic Edition)

Book: Managing the Family Business
By: Larry Colin and Laura Colin

How do you put your family business on the road to success? In the United States there are more than 24 million family-run businesses, providing jobs for about 62% of America's workforce. In Asia, Europe, Australia and Latin America, family businesses make up about 80% of private-sector companies. The question is: what makes this kind of business different? How many times have sales at one of the world's 500 largest companies dropped because two brothers who were partners couldn't agree? Almost never in companies like those, but in family businesses it happens all the time. If family members are not on the same page, the business is bound to go off track. This book is outstanding in explaining how to keep harmony and peace in both the family and the business. Its authors draw on real-life characters to offer unconventional perspectives and insights, along with practical solutions to problems you may face, because firing a family member is harder than firing any other employee. In this book you will meet the following characters:

The father as manager: can he run the business successfully and keep the family happy?
The mother, manager of the family business: can she protect family relationships from being affected by the business?
The stubborn son: how do I get my father to step aside without hurting our relationship?
The competing siblings: can they work together when each secretly believes their father prefers the other?
The husband and wife as business partners: how can they look after the business and the children while keeping a stable marriage?
Through all these characters and many more, this book shows you how to protect the business from family disputes while keeping family bonds safe from the coldness of business relationships. You will have moments of joy and moments of sadness as you run the business, but stay alert and careful and keep steering so nothing knocks you off course. About the authors:

Larry Colin spent about 37 years in a family business whose roots go back 92 years to when his paternal grandfather started it, until he successfully sold two of the largest companies in the world with sales of 200 million US dollars.
Laura Colin earned an MBA and worked at an investment bank in New York City on an economic development program for North African countries before joining her husband Larry's family business. They have been married for 15 years and live in Alpharetta, Georgia.

• Original Arabic title: إدارة الأعمال العائلية
• Language: Arabic
• Authors: Larry Colin, Laura Colin
• Subject: Family business management