Managing the Family Business is arduous with very little room for failure. And the recession has made smaller businesses particularly vulnerable. This book fills this very need. Every entrepreneur, teacher or any one associated with family business will benefit reading this booklet as it guides him/her through the steps in managing a Family Managed Business (FMB). It is written in a style that is easy to comprehend and does not require formal knowledge of or training in business management. The author shows that if the fundamental ground rules are followed, then the task of steering the firm becomes simple and is failsafe. Many entrepreneurs possess technical qualification but lack formal management education or do not have the time for it. This booklet will help overcome this without being cluttered with jargons and complicated formulae. The book has a foreword from Dr M.L.Shrikant (who has a D.B.A from Harvard), a world renowned expert on Family Managed Business