L. Taylor

The Business of Family: How to Stay Rich for Generations L. Taylor

Marc Notes: Includes bibliographical references and index. Table of Contents: Foreword by Philip V. SwanAcknowledgementsIntroductionFirst Things First1. Strategy: A Blueprint for Your Family2. Mission: Keeping Your Family on Track3. Vision and Values: Put Family Members and Principles FirstGetting Your Family On Board4. Forging Family Partnerships5. Setting Goals and Celebrating Milestones6. Every Family Member Matters: Roles, Responsibilities, and Making DecisionsFamily Investing Is More Sense than Dollars7. Family I. Q.: Education and Training 8. Family E. Q.: Getting Along to Get Ahead9. Family Audit: Guidance and Mentoring Staying On Track10. Financial Sustainability: Working with Your Money, Not against It11. Family Sustainability: Risk and Resilience Long-Term Planning 12. Family Dividends: Gratitude and Legacy13. Family R&D: Preparing the Next Generation14. The Future of Your Family: No Success without Succession"Biographical Note: Linda Davis Taylor is the CEO and Chairman of Clifford Swan Investment Counsel in Pasadena, California. A participant in a fourth generation family business, Linda is a frequent speaker on wealth transition, family governance, and philanthropy. In addition to her investment counsel career, she has had over twenty-five years experience in senior leadership positions at Emory University, Claremont McKenna College, Amherst College, and Scripps College. Linda has served as a trustee for numerous educational and non-profit organizations and is a co-founder of a private foundation. She and her husband are the parents of two adult daughters. Publisher Marketing: How do families build and maintain their wealth? This question has challenged families for generations. In business, any wise entrepreneur would develop a plan to guide the venture. Though most people don't have a strategy in mind for their families, it is precisely what they need. This book applies business concepts to invest in our families with as much focus and discipline as we do our financial assets. The Business of Family teaches you how to write your own family business plan using time-tested strategies from the corporate world to provide a practical, user-friendly method that ensures your family knows where it's been, where it's headed, and how it's going to get there. Just like a company, a family must invest in its people, who require support, training, and commitment to a purpose. Just like a company, a family deals with unexpected challenges. Just like a company, a family needs laser-sharp focus on its goals in order to thrive. Linda Davis Taylor is the CEO of the nation's oldest investment advisory firm, Clifford Swan Investment Counsel, and she has seen first-hand how important it is for the family to be connected by a common purpose. With an unprecedented amount of wealth passing to the next generation, the opportunity exists to reverse the old 'shirtsleeves to shirtsleeves' proverb. Applying a business mind-set to your family strategy will help you do that. The Business of Family is not a business book about how to make money. The Business of Family is about the most important business of all your family. "