While planning for business succession, I looked for resources that could provide me with as much insight on transitioning my family business and building a business that lasts. I found that many of these books not only helped me develop succession plan strategies but also helped me build my business to where it is today. Consistent learning is an essential part of growing your family business for years to come.
These are my top recommendations in no particular order.
Great book about finding your goals and multiplying the effort it takes to achieve them.
A book about striving to be the top in your industry by boosting sales, increasing margins, and seizing new opportunities.
A book on transitioning a company from good to great and sustaining those changes.
Built to Last: Successful Habits of Visionary Companies.
Jim C. Collins
A Book about what makes successful companies tick.
Every Family’s Business
A book on family business succession and continuing your business through generations.
A book about how the wealthy think and act differently than the average person.
A book on growing your business in a productive way.
Build Your Family Bank: A winning Vision For Multigenerational Wealth
A book on strategies for building successful wealth transitions.
Rich Dad Poor Dad
A book on personal finance and building wealth.
Rich Kid Smart Kid: Giving Your Child a Financial Head Start
A book on teaching children the fundamentals of finance.
I hope these books can help you as much as they helped me. If you have any recommendations for me to read, I’d love to hear in the comments!