Skip to content

October 2011 Book Review

October 31, 2011

Exit Right: A Guided Tour of Succession Planning for Families-in-Business-Together

Written by Mark Voeller, PhD; Linda Fairburn, MSOD; and Wayne Thompson ©2002

 

This is a small but powerful book – the size was intentional to make it a sort of ready-reference.  It was written to tackle only one part of the sleeveless in three generations problem —exit/transition/succession planning.  The authors are adamant that people start the succession process when they start thinking about exiting without thinking of how it will affect business strategy and processes, the family members or potential successors. This holistically focused book would be a helpful and practical tool to start a discussion around this issue.

 

This book reinforces systems thinking, life cycles of a business and the role of a trained advisor in the exiting process.  The structure of the book is very unique.  Each chapter addresses an aspect of exiting a business and could stand alone if need be, but definitely do build upon one another. These chapters are process oriented with key questions, underlying issues, exploration questions and action steps for the founder/current owner to consider. Although this book seems to be written for the owner/founder it would be useful for any member of a family business or advisor.

Renée Montoya Lado M.S., N.C.C

President, Strategic Designs for Learning

Family Owned Business Network  Book Review Chair & Editor

Natalie McVeigh, MBE

Research Analyst, Strategic Designs for Learning

 Family Owned Business Network  Senior Book Reviewer

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: