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How family businesses can create wealth for generations to come

By Kristina R Haymes

Many successful family businesses were founded by driven, entrepreneurial individuals.  Yet, too often wealth from one generation (or a successful family business) gets squandered by the next. A new book called, Get Rich, Stay Rich, Pass It On (The Wealth-Accumulation Secrets of America’s Richest Families) by McBreen & Walper reveals two keys to perpetual wealth: (1)  Continually Innovative Entrepreneurship — running or investing in a company that maintains its edge over the long term; and (2)  Owning income producing real estate — assets that can earn money today and be passed down to heirs. The key, of course, is to do both. Not any easy task, but this book purports to show you how others have done it.  Based on over ten years of research, the conclusions are sound...continue to full post

Full post as published by Mediation Marketing Tips on January 12, 2008 (boomark / email).