Winner of the NYC Big Book Award in Business-Entrepreneurship & Small Business and silver winner of the Nonfiction Book Awards, this acclaimed handbook shows you how to transition leadership, implement shared ownership, and preserve your organization's core values-setting the stage for your business to thrive for generations to come.
This visionary but practical guide offers mission-driven business owners a roadmap for ensuring their company's lasting impact, building leadership internally, and fostering participatory management. Through inspiring real-world stories of B Corps, worker co-ops, ESOPs, and employee ownership trusts, this book demonstrates how to create resilient organizations that benefit workers and communities.
Drawing on his 50-year journey with South Mountain Company and extensive research, Abrams outlines five critical transitions for mission-driven businesses to become what he calls a CommonWealth company:
- From founder to next-generation leadership
- From sole ownership to widely shared
- From hierarchical control to democratic management
- From unprotected mission to preserved purpose
- From business-as-usual to B Corp force for good
As 3,000,000 US small business founders over 55 prepare to retire, $10 trillion in assets will change hands over the next two decades. This timely guide shows how to preserve your company's mission and legacy while empowering the next generation.
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