Family firms are to be found in every sector of commercial activity. Commitment, family values and pride in the business are typically their special strengths, yet they also face major challenges in reconciling the needs of the business with those of the family.
Drawing on the author's extensive experience of working with and advising some of the world's most successful business families, this new and updated edition of Family Enterprises: The Essentials explains the pitfalls, tensions and competing demands that destroy too many family businesses. These problems can be avoided, and Peter Leach reveals the techniques and strategies needed to do so. Running a successful family business is always a huge challenge, but this book offers real insight and guidance on how to keep both business and family united and buoyant.
Peter Leach is seen as the founding father of family business thinking in the UK and pioneered research in the field in the 80's. He founded the Stoy Centre for Family Business, and was previously a partner at BDO LLP. He founded his own business, Peter Leach & Partners LLP, in 2008, which won the STEP Family Business Advisor of the Year 2013/14 before being acquired by Deloitte LLP in 2015. He is now a partner at Deloitte, leading the family Enterprise Consulting practice there.