The Family Business Succession Handbook

A practical guide to succession planning for the 21st century
Contents

1. Planning for the transition

* The jigsaw puzzle of succession planning - Mike Cohn
* Succession is one key to strategic renewal - Ellen Frankenberg
* The family dramas of succession and inheritance - Dennis T. Jaffe
* How to prepare your family for the succession process - Jane Hilburt-Davis
* Education is key to succession preparedness - Ivan Lansberg
* Succession logistics are not the main focus - Andrew Keyt
* Financial implications for family business transition - Norbert E. Schwarz
* Avoid the pitfalls of trust planning - Domingo P. Such III and Ryan M. Harding
* Non-financial challenges for successors and stakeholders - Joe Paul and Sam Lane
* Facing reality prevents nightmare scenarios - Henry C. Krasnow and Kay Vogt
* Leadership development and succession execution - Fred G. Steingraber
* Creating a plan for succession in the event of an emergency - Keith L. Alm

2. Choosing the successor

* Making the right choice for a family successor - Dennis T. Jaffe
* Don't pin all your hopes on one family successor - Barry S. Cain
* Profile: Deciding for themselves - Margaret Steen
* Family business daughters' leadership potential - Sharon Nelton
* Can a non-family successor add value to your business? - James Olan Hutcheson
* Profile: My son-in-law, the successor - Larry Hollar
* What if the successor isn't working out? - Jane Hilburt-Davis

3. Learning to lead

* The secrets of successful family business successors - Dean Fowler
* Don't take the easy way out - James Olan Hutcheson
* Family enterprise leaders need extra social skills - Fredda Herz Brown and Fran Lotery
* Making the leap from doer to leader - Ivan Lansberg
* Success without outside experience - Stan Luxenberg
* Seniors and successors working together - Sharon Nelton
* Profile: Finding my own path - David Weiss

4. Stepping up

* Negotiating a rise to the top - Debbie Bing
* Selling the business to the successors - Stan Luxenberg
* Seniors: Proceed cautiously when advising successors - James E. Barrett
* When the successors don't take charge - Aldonna R. Ambler
* Managing the relationship with shareholders - Ivan Lansberg
* Profile: Breaking the mold - Kristi P. Wetherington
* Profile: Succession surprises - Sandra Westlund-Deenihan
* Profile: Amid tragedy, reconstructing records - Kathryn Levy Feldman
* Profile: Keeping the company on the right track - Julie Copeland
* Profile: The gift of good-bye - Lynda Barness

5. Working as partners

* Sibling partnerships involve insight and foresight - Ellen Frankenberg
* Profile: Siblings carry on the Vanderbilt legacy - Jonathan Poston
* Shared power: Look out for landmines - James E. Barrett
* Blood is not enough - Joe Paul
* Cousin collaborations require a change in board design - John L. Ward
* The challenges of a large shareholder group - David Klett and Ralph Wiechers
* Keeping titles in their proper perspective - Ivan Lansberg
* Leading the family - Sharon Nelton