Reading List: Sustaining the Family Business by Marshall B. Paisner
A few years ago, Marshall Paisner, founder of the ScrubaDub car wash franchises in Massachusetts, passed the ownership of the business to his two sons. In his book Sustaining the Family Business written after the transition, Paisner reveals the process he used to bring his sons into the business.
He shares recommendations for others on how to decide whether this is the right course of action, and offers case studies of many other businesses. Paisner is passionate about how to successfully keep a family’s next generation in the business. This is an enlightening read for anyone interested in this large segment of American business and why it is a viable exit strategy when done correctly.
