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The Balance Point

New Ways Business Owners Can Use Boards

Cary J. Tutelman and Larry D. Hause

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  • Hardcover: 384 pages
  • Dimensions: 6.00" x 9.00"
  • ISBN: 978-0-9799551-0-5
  • Publication Date: 2008-04-01
  • Famille Press

Availability: In stock

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The Balance Point

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The Balance Point offers a step-by-step guide to tackle business transition challenges in these times of economic insecurity.

In The Balance Point: New Ways Business Owners Can Use Boards, authors Cary Tutelman and Larry Hause, leading consultants to private and family businesses with more than forty years combined experience, offer an owner-friendly, practical guide that shows how owners, managers, and boards work together. Going beyond just an explanation of what each group does, this book explains the authors’ proven model of how a board can serve as the balance point to more effectively run, grow, and transition private companies.

The authors define a board as the balance point between ownership and management. A board’s main responsibility is to discuss, integrate, and resolve (balance) the often-competing interests of ownership and management.

The Balance Point is written specifically for owners of businesses in transition. During times of economic uncertainty, business transition is a certainty. This book gives owners proven ways to manage many different transition challenges.

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Cary J. Tutelman

Cary J. Tutelman, Ph.D., is a business consultant and owner of CJT Company. Cary helps privately held and family businesses grow and move through the complicated web of ownership, management, board, and family issues that transition brings. He has been actively helping businesses since 1981.

As a founding member of the Center for Family Enterprise at the University of St. Thomas, Cary served on their Board of Advisors and chaired their Professional Advisory Committee, which helped family business professionals learn to better serve their clients. He was an Adjunct Professor in the MBA program at the University of St. Thomas from 1985-1995, where he taught courses in management.

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Larry D. Hause

Larry D. Hause is principal of Hause Family Business Transitions, LP, a consulting firm for family businesses, and Senior of Counsel with the leading firm of Fredrikson & Byron. Larry grew up in a family business, and as an attorney and consultant, he has worked with privately held and family businesses since 1984. He guides entrepreneurs and other owners, as well as directors and managers, through the myriad challenges they face when their businesses are in transition.

Larry is a founding member of the Family Business Alliance, a multi-disciplinary group of professionals that provides comprehensive, customized consulting services to families in business together. He is a Fellow of the Family Firm Institute and serves as chair of its Curriculum Committee. Additionally, he is a member of AFHE, Attorneys for Family-Held Enterprises.

In 2001 Cary and Larry formed The Board School (theboardschool.com), America's first school on boards for business owners, their directors, and top executives. The school is a seven-week, hands-on, interactive study that provides practical solutions to resolve the complex ownership, governance, and management issues that exist for businesses in transition.

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