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From mom-and-pop stores to Fortune 500 corporations, the family business as an institution is widespread and enduring-yet only 30 percent of family enterprises successfully transition to the next generation. In this accessible and deeply informed new book, family enterprise expert Emily Griffiths-Hamilton (author of Build Your Family Bank: A Winning Vision for Multigenerational Wealth) shares the secrets of successful multigenerational family enterprises. Through extensive research and personal and professional experience as a member of and advisor to family enterprises, Griffiths-Hamilton has…mehr
From mom-and-pop stores to Fortune 500 corporations, the family business as an institution is widespread and enduring-yet only 30 percent of family enterprises successfully transition to the next generation. In this accessible and deeply informed new book, family enterprise expert Emily Griffiths-Hamilton (author of Build Your Family Bank: A Winning Vision for Multigenerational Wealth) shares the secrets of successful multigenerational family enterprises. Through extensive research and personal and professional experience as a member of and advisor to family enterprises, Griffiths-Hamilton has developed an unconventional approach that looks beyond narrow business considerations to focus on the critical aspect of every family enterprise-the "family factor." Successful multi-generational family enterprises, she explains, are animated by a unifying vision that rests on shared values. Mutual trust and strong communication skills are vital for families to articulate these foundational elements, which will then inform a "family enterprise framework" that can endure for generations. Planning for the long-term health of a family business doesn't need to be complicated. Beginning with a single meeting, family enterprises of every shape and size can use the insights in this book to build robust frameworks that will reward their members for decades to come-not just financially, but with strengthened family connections, a shared sense of purpose, and perhaps most importantly, a bit of fun.
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Emily Griffiths-Hamilton is a chartered accountant, a family enterprise advisor, and a conflict resolution coach who brings three generations of experience to the subject of succession and wealth-transition planning. Her maternal grandfather, veterinarian Dr. William Ballard, was one of North America's greatest dynamic wealth creators. Her father, Frank A. Griffiths, FCA, built a highly successful sports and media empire. Griffiths-Hamilton herself has been the co-owner of a National Hockey League team, the Vancouver Canucks; a National Basketball Association franchise, the Vancouver Grizzlies; and a state-of-the-art arena. Griffiths-Hamilton's professional training, expertise, and unique first-hand experience have given her a deep understanding of the benefits of clear, considered succession planning. Today, she is passionate about advising individuals and families on the effective, responsible transition of wealth over generations. Emily Griffiths-Hamilton lives in Vancouver, British Columbia, with her husband, Paul Hamilton, a chartered accountant and Portfolio Manager. They are the parents of two adult sons.
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