Family Business: The guide for building and managing family companies
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Financial Management of Your Family Company

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1. Sound Financial Practices
 Seven habits of highly effective companies
 How not to lose control of the bottom line
 Time to open up the information spigot
 Avoiding misleading balance sheets
 The warning signs of financial distress
 Incentives that attract top talent
 The chief financial peacekeeper
 Profile: A nonfamily finance executive helps Dudek & Bock grow big
 Profile: The Goldbergs manage their firm through tough economic times

2. Managing Cash Flow and Profits
 The three basic accounting tools
 Techniques for managing cash
 Improving your profit-ability
 Interview: How to exploit e-commerce
 Rules for taking money out of the business
 Profile: Driving sales with the Web

3. Strategic Financial Planning
 Pros and cons of company structures
 Gaining support for strategic spending
 Bridging the valuation gap
 How to influence the valuator
 Are you ready to go global?
 Profile: Hiring an executive to spur growth

4. Raising Capital On Your Own
 Should you invest in your company as is?
 How to plan for future needs
 Where to look for capital, and how to obtain it
 Drafting a business plan that gets a loan
 How to prevent a banker from pulling your credit
 Securing favor with a megabank
 Profile: Growth without big debt

5. Raising Capital Through Investors
 Where to find backers
 Cash from equity funds
 When to consider a recap
 Profile: Secrets of raising venture capital

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  6. Going Public
 Pros and cons of going public
 A do-it-yourself way to sell shares
 Profile: Why we'll never go public

7. Exploiting Mergers and Acquisitions
 How to acquire a private company
 Acquire or be acquired
 Defusing emotions to get a deal done
 Profile: Wahl Clipper does due diligence right

8. Compensation
 How to structure a compensation system
 The rational way to set rates
 How to pay yourself more and deductit, too
 What to offer adult offspring
 Ways to settle compensation for executives
 Attracting outsiders with phantom stock

9. Balancing Shareholder and Company Needs
 Spread ownership but retain control
 How to establish dividend policy
 Setting up a stock redemption fund
 Recapitalization can satisfy shareholders
 Putting an ESOP into practice
 Funding retirement and company growth
 Profile: Dave Watkins spins off some assets

10. Selling the Business
 How to handle a potential suitor
 Protecting your company in talks with a buyer
 Profile: Reasons not to sell

11. Resources