Family-owned businesses can create tremendous profit -- and at the same time, they can also foster ruinous conflict. Successful family businesses know how to balance family relationships with the management challenges of day-to-day operations. Most such businesses face conflict along the way, and The Successful Family Business explores the most common causes of conflict and potential resolutions, including the many psychological and business factors that typically elicit strife and in-fighting among family members/business partners.The Successful Family Business expertly combines practical business advice with poignant psychological insights into working family relationships. It provides accessible means for addressing such situations as: -- how to establish shareholder agreements and boards of directors-- how to plan for retirement and succession-- how to do create an estate plan and succession plan-- how to promote peace and tranquility within the familyThe Successful Family Business includes case studies -- ranging from famous families battling over their business, to examples of small businesses experiencing the most common family-related problems.When the challenge comes to please both the family and the bottom line, The Successful Family Business is the unique resource for profitable relationships that don't stop at the cash register.