In this honest, practical guide, you will learn how individuals get trapped in their family business, why they don’t leave, and what can be done about it. Based on interviews with individuals working in a family business, owners, and advisors, Trapped in the Family Business® sheds light on this common yet unexamined problem and offers practical solutions:
Using his background in clinical psychology, Michael Klein takes a practical look at the emotions that surround family businesses in this book. The focus is on those “trapped” by the “golden” and “emotional” handcuffs of family companies. As well as providing interesting insights into why some individuals feel obligated to work and stay in unsatisfying family business situations, it also offers advice on how people can manage family obligations and their own wants. Its best feature is that after 15 years working with different businesses, Klein has plenty of case studies to draw on.
You might think this book coaches people on getting out of their family’s firm. It is much more than that. And it may be just what you need to succeed in your family’s company.
Speaking as someone who grew up in a family business, this book is relatable, compassionate, and addresses a problem that can too easily become a painful lifelong struggle.
Klein's book is a valuable resource to those who want to realize how normal their struggles are in their family business, clarify their thinking, and generate not just options, but hope .
Trapped in the Family Business is a great read for anyone who has felt the pressures of family and the fear of change while in the turbulent world that is family business.
In an organized and compassionate way, this book can motivate you to have the insights and conversations that can help you change, leave, accept, and evolve in the way that's right for you, your family business, and your family.
For over 20 years, Michael has spoken to business associations, family business centers, advisor associations, family offices, global financial services organizations, estate planning groups, peer advisory groups, professional study groups, undergraduate and graduate programs, and many more audiences.
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