Dad of Divas' Reviews: Book Review - A Vibrant Vision: The Entrepreneurship of Multigenerational Family Business

Tuesday, September 1, 2020

Book Review - A Vibrant Vision: The Entrepreneurship of Multigenerational Family Business

About the Book

Challenges to the entrepreneurial spirit are complex, particularly in a family business if the entrepreneur wants to have the business survive him/herself and successfully grow into future generations. This vision contrasts sharply with the lifestyle business or “harvest your business” mentality promoted by venture capital or private equity models. To have a vision of growing a small family business into a sustainable multi-million dollar business requires distinctive processes that support innovation, human capital development, strategic planning, and quality assurance in manufacturing and service. Additional distinct processes must be created and implemented that support good governance and effective education and stewardship of future generations of family shareholders. A Vibrant Vision shares the experiences of the author in his growing family business after his father passed away at a young age and building this industrial fabrics business into a multi-million company while at the same time encouraging his children and grandchildren to become stewards of this treasure we call a family business. 


My Take on the Book
This book takes an interesting look at a multigenerational family business. While I have never been  part of something like this, I always find these businesses interesting and the stories behind them even more so. There are so many important things to learn from long-standing businesses, and the passion that they have for the businesses they own. This book takes you into the world of the family business and it is a book that really will allow anyone that has a family business or endeavors to start one, to know what they need to consider to find long-standing success. The book has a good number of stories and practical examples shared throughout the book. The lessons shared in this are remarkable and ones that you will learn much from. 

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