The Balance Point: New Ways Business Owners Can Use Boards

by Cary J. Tutelman, Larry D. Hause

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.

384 pages, Hardcover

First published April 15, 2008

Reviews

[Oleksandr Nikitin · Rating 5 out of 5]

Good one. Verbose and terse at the same time.

[Doug Alcorn · Rating 4 out of 5]

There's definitely good content in here. As a co-founder of a growing company, we've definitely been confused on the different roles as owners, managers, directors and employees. This book helps bring clarity to that.

There's an old saying, "I'm going to tell you want I'm going to tell you; I'll tell you; and I'll tell you what I told you." This book fully embraces that philosophy. I found it to be very repetitive. I guess that's good so that you can jump into almost part of the book and not be confused about the premise. However, I found it difficult to separate the new content on each page from the repetition.

As a result, I'm not sure I'll finish the book. I feel like I've gotten out of it what I can until I work through more of the material in real life. Maybe later I can come back and re-read sections of it for more meat.