Family Business 101 (Hardcover)

Family Business 101 content will bring the student in close contact with the short-term and long term issues that effect their operations. With such a high percentage of small businesses closing (35% fail in 2 years, 64% in 6years NFIB) students will encounter small business and their owners that are facing significant stress. Research finds that five events, called business transitions, are most common and can have a very damaging effect on the survival of a family business. These life transitions are called the 5 Ds: 1. Death (unexpected) 2. Disability 3. Divorce 4. Debt 5. Disaster (fire, flood, earthquake) Family Business 101 offer straightforward answers on how to deal with these critical issues and how to survive and hopefuly prosper.