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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.
"Maybe the more important piece is in subjecting yourself to difficulty and watching yourself become stronger and more capable while in pursuit of something you consider worthwhile." November, 2021
"Emotionally, I'm in a better place than I can remember being in the last 5 or so years. It almost feels strange waking up every morning without feeling the dread I used to feel every single day while I was working in (my family's business). It's not an exaggeration. I felt that way. Every. Single. Day. And, since I started this new position, I haven't had a feeling remotely close to that. It feels remarkable. I'm not saying that I've found my 'life's calling' but I'm significantly less melancholic than I was before. Your work matters and it makes a difference in people’s lives. It has in mine. " September, 2021
The work with you ultimately allowed me to give myself permission to want something else in life. I really felt crazy as I considered leaving the family business again, but after our work I felt seen and not alone. So thank you for being a part of my journey! I appreciate all you do. " January, 2022
"As someone who has navigated an exit from a family business, I can say this book offers a wonderful overview of the symptoms, causes, and fixes for an issue that surprisingly gets little coverage in the business world. It certainly helped me diagnose the problems I was experiencing and steered me toward an effective way of working through them."
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