Family business planning has traditionally centered on two issues - estate planning and succession. These goals are far too limited for today's family firm. Business families want to turn the business into not only a tool for profit, but for self-expression, innovation and legacy. The authors introduce the new concept of the Parallel Planning Process, explaining how to integrate the needs and expectations of the family and business systems in order to create an organic and entrepreneurial unit. Planning and decision making templates are included as well as studies of well-known family businesses.ANALYZING THE BUSINESSa#39; MARKET VALUE A review of changes in the companya#39;s market value over the past five years is another valuable way to ... There are many generally accepted valuation methods that will provide a guide for the familya#39;s discussion of the businessa#39; value (see Table 9.4). ... The rule in selecting a valuation method is to consider the planned use of the valuation information.
|Title||:||Strategic Planning for The Family Business|
|Author||:||Randel S. Carlock, John L. Ward|
|Publisher||:||Palgrave Macmillan - 2001-01-29|