Love, Power and Money

How similar are problems faced by families who work in business together? More often than not, family businesses throughout the world share common problems as they work to create a successful business without destroying the family. In Love, Power & Money: Family Business Between Generations authors Dean Fowler and Peg Masterson Edquist share the stories of countless businesses run by generations of families. Through the use of family business stories, the authors explore the powerful emotional forces unleashed in the running of a family-owned business. The chapters cover topics ranging from family dynamics, to employment strategies, business plans, and management and estate succession methods. By sharing the unique solutions that these families implemented, the book helps other families in business find the balance among love, power and money in order to master the complexities of family business transitions. The solutions show that healthy family relationships coupled with a strong business produce an enduring and successful family business, generation to generation.

Reviews:

“At last, here is a book that holds up a mirror to the reader. No one can read these cases without relating to and empathizing with these families and their stories: how they each grappled with the common dilemmas and challenges that must be faced when you own a family business. The most important theme runs like an artery through every case: healthy, adult family relationships and a strong business lead to successful family businesses generation after generation.” Barbara Murray, PhD Past Editor in Chief — Families In Business Magazine

"Fowler's enlightening case studies are likely to resonate with many readers." -- Barbara Spector, Family Business Magazine

“This book has given me the inspiration and the language I need to talk with my father about succession planning, his philosophy on business and family, and his personal expectations of his six children, and particularly, of me.” Vesla Bemis - Bemis Manufacturing Company