“a how-to guide that integrates
the three critical groups
of every business—
the owners, managers, and directors”

All privately owned and family businesses have a balance point. This is where the owners' values, needs, and goals are integrated with those of the managers. "Balancing" is the act of integrating these ownership and management interests. When a business is in transition, it is crucial to have a balance point that lends stability during change.

In their book THE BALANCE POINT: New Ways Business Owners Can Use Boards, authors Cary Tutelman and Larry Hause provide guidance for

• entrepreneurs wanting more time to do what they want while others run the core business
• nonowners who work for entrepreneurs
• minority owners questioning how companies will continue after the departure of their entrepreneurs
• entrepreneurs wanting to pass their business on to family members, managers, or employees
• next-generation members wanting to speed up the process of taking on responsibility for the business
• family members who are owners but not employees of the company
• spouses of any of the above