Book excerpt: A Practical Formula for Meeting the Challenges of Running a Family Business. A familyowned enterprise involves unique management, compensation, hiring, and other business issues regarding family member employees. This book addresses the specific challenges faced by owners of family businesses, and it shows family members employed in the business how to enjoy their positions while helping the organization reach its highest potential. In this comprehensive guide, the author spotlights all the challenges such organizations face and provides practical advice for creating your own strategy to meet them--and strengthen relationships within the family, as well.