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A Book of ‘Quick Hits’ and Common Sense Advice
To resolve many nettlesome family business issues, you're likely to want a detailed account of what has worked for other families, and how you can adapt it to work for you. But sometimes all you need are a few bullet points. David Bork, who has advised more than 400 family businesses including some of the world's largest-provides a selection of these “quick hit” tips in his Little Red Book.
The pocket-sized book, written on the suggestion of one of Bork's clients, is divided into 28 alphabetized sections, each containing several morsels to ruminate over (from “Attitude” to “Wills, Testaments, Bequests,” plus a section listing “10 Keys to Success in Family Business”). “If the business does not prosper, the family will not be prosperous,” reads one entry. “Money is a tool, but it should never be used as a hammer,” says another.
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