mk@drmichaelklein.com
Trapped in the Family Business
About the second edition
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:
- Identify warning signs & avoid common traps
- Learn from others’ experiences & insights
- Develop a plan of action to manage & improve this situation
- Explore valuable resources to help navigate this complex challenge
- Determine if family business conflict might be caused by a bad career fit
From Campden FB (a subsidiary of Campden Wealth):
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.
REVIEWS
Frank Hoy, Director, Center for Entrepreneurship & Innovation (retired), WPI
Zoe Friedman, TV & Film Producer, Daughter of Budd Friedman, founder of The Improv comedy club chain
Zoe Friedman, TV & Film Producer, Daughter of Budd Friedman, founder of The Improv comedy club chain
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.
Zoe Friedman, TV & Film Producer, Daughter of Budd Friedman, founder of The Improv comedy club chain
Zoe Friedman, TV & Film Producer, Daughter of Budd Friedman, founder of The Improv comedy club chain
Zoe Friedman, TV & Film Producer, Daughter of Budd Friedman, founder of The Improv comedy club chain
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.
Greg McCann, Founder of Stetson University’s Family Enterprise Center
Zoe Friedman, TV & Film Producer, Daughter of Budd Friedman, founder of The Improv comedy club chain
Joseph H. Astrachan, PhD, family business scholar; Co-Founder, Journal of Family Business Strategy
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 .
Joseph H. Astrachan, PhD, family business scholar; Co-Founder, Journal of Family Business Strategy
Joseph H. Astrachan, PhD, family business scholar; Co-Founder, Journal of Family Business Strategy
Joseph H. Astrachan, PhD, family business scholar; Co-Founder, Journal of Family Business Strategy
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.
Ira Bryck, Family Business Center of the Pioneer Valley (retired)
Joseph H. Astrachan, PhD, family business scholar; Co-Founder, Journal of Family Business Strategy
Ira Bryck, Family Business Center of the Pioneer Valley (retired)
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.
Published review in the Journal of Family Business Management (pdf)
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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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