Rather than having to choose between the family and the business, the authors argue that if family-owned businesses can consciously manage and over time, perhaps, synthesize these contradictions, the Family Enterprise will have a long-term strategic and competitive advantage and the family will remain committed to continuity.

One of the key factors in maintaining the legacy of your family business is a good program of family education. Inevitably, wise business-owning families see the necessity of launching some form of education for family members. It establishes an interest and a connection with the business among members of the younger generations.

When done well, a program of family education offers many benefits including:

* helping future owners prepare for their roles and responsibilities in the business and in the family

* providing a way to express interest in each individual

* providing a way to earn loyalty from family members;

* strengthening bonds among family members.

In "Family Education" the authors aim to inspire you and your family to initiate a family education program that is suited to the needs of your family.

Career development is often neglected in family firms, yet it is essential to the continuous process of building leadership capacity for the future. A well-planned and effective career-development process enables individuals meet the strategic challenges of the future. This guide enables family businesses to shed their "sink or swim" attitudes and foster the development of highly skilled leaders for succeeding generations of success.