A practical guide to successful management-today and tomorrow-of the family business, from one of its most innovative and outspoken proponents From the local dry cleaner to the nation's largest breweries, family businesses make up 90 percent of the 15 million businesses in the United States Yet only one-third make it to the second generation, оддмр and 10 percent to the third, as owners-tempted by lucrative offers-cash in to ensure the financial security of their children In Sustaining the Family Business, Marshall Paisner celebrates the unique qualities of the family business and offers a comprehensive resource for successfully managing the enterprise across generations Drawing from his own extensive experience, new primary research, and examples of family businesses in a wide range of industries, Paisner offers practical recommendations for handling conflict, establishing professional management structures, setting long-term goals, making the most of outside directors, preparing heirs to take the reins, proactively developing tax and estate strategies, and knowing when selling makes sense.  SometimISBN 0738203203.