Family Business Today

Our guest today is Mac Steele, President of JC Steele & Sons, Statesville, North Carolina. Mac along with his cousin, Marian Steele Clark, joined the family business in 2010 founded by their great-great grandfather, JC Steele, in 1889. Mac oversees all worldwide sales and customer service.JC Steele & Sons is the corporate parent of The Steel Group and the global leader in stiff extrusion machinery and solutions for customers in heavy clay, iron & steel, ferro alloys and gypsum/wallboard.In this episode of Family Business Today, Mac will share:The story of how JC Steele started the family business in 1889 and what JC Steele does today.Why it is important to remember and share your legacy and values to today's family members, team members and customers.The importance of crafting a clear, compelling vision and getting stakeholder buy-in for your business success.What some of the challenges and benefits of working with siblings and cousins in a family business. What questions a next generation family member should ask before joining the family business.What the future looks like for JC Steele & Sons.And more…To learn more about Mac Steele and JC Steele & Sons, visit their website at www.jcsteele.com.At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business….We Know!

Our guest today is Tom Hubler. Tom began his family business consulting practice in 1980. As an experienced senior consultant, he has counseled more than 500 private family businesses over the course of his career. Tom helps families strengthen connections and eliminate barriers to healthy, productive family and business relationshipsIn this episode of Family Business Today, Tom will share:The importance of family values, love, and heritage in building a strong family businessWhat is the Secret Sauce to use in your business?When a family business owner has difficulty letting go, how do their highly developed skills at doing the business impact the entrepreneur's self-image?What some of the actions are that often derail family-owned business during the transition processWhat can a family business leader be doing now in planning for an eventual business transition?Why is it important to have a third-party unbiased advisor involved in the planning process?And more…To learn more about Tom Hubler and Hubler for Business Families, visit www.tomhubler.com.At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business….We Know!

Our guest today is Greg Young, Senior Investment Strategist, with Bernstein Private Wealth Management in Dallas, Texas. Greg provides thought leadership on market, investment and asset allocation issues and oversees Portfolio Manager communications to both internal and external constituencies.In this episode of Family Business Today, Greg will share:Why investments have taken a hit in 2022.Will 2023 be a better year for the stock market?Inflation rates have continued to be the headlines. How bad will inflation get?Will higher interest rates be a short-term fix for inflation or a long-term solution? Is there any good news out there?And more…To learn more about Bernstein Private Wealth Management, visit their website at www.bernstein.comAt the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business, Like Family Business…. We Know!

Our guest today is Paul Hood with Paul Hood Services located in Sylvania, Ohio. Paul is an author, a speaker, and an advisor to family owned businesses.Paul obtained his undergraduate and law degrees from Louisiana State University and a Master's degree in taxation from Georgetown University Law Center. Paul has taught at the University of New Orleans, Northeastern University, The University of Toledo College of Law and Ohio Northern University Pettit College of Law.Paul is a highly sought-after speaker and consultant due to his innate ability to see through complexities and explain difficult and even boring subjects in understandable and entertaining language. He minces no words in doing so.Paul has authored or co-authored nine books and over 500 professional articles on estate and tax planning and business valuation. Paul is the author of Buy-Sell Agreements, The Last Will & Testament for your Business as well Yours, Mine, & Ours, Estate Planning for People in Blended or Stepfamilies.Both books can be purchased on Amazon Books or at his website paulhoodservices.comIn this episode of Family Business Today, Paul will:Expand on this importance of Buy-Sell AgreementsEncourage family businesses to have a facilitator at business meetingsTouch on how blended families can prepare for estate planningShare why kids (of all ages) should be involved in business meetingsAnd more…You can find out more about Paul Hood here. To learn more about his books, click here.At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.Would you like the opportunity to be in a small group community of like-minded family business owners/leaders and get access to years of experience and wisdom from other family business executives just like you?If you answered yes, I would like to invite you to consider joining a family business mastermind group. To learn more visit our website at www.thefamilybusinessmastermind.com.Until next time, There's No Business Like Family Business…..We Know!

Our guest today is Tom Bakewell. Tom is an Independent Director at First Bank, a family-owned 100+ year old bank serving family businesses in the Midwest and California. His consulting includes many private companies, small-cap public companies, top nonprofits, historic 4th and 5th generation family businesses, employee-owned, private equity, and start-ups across multiple industries in the US and internationally.Tom is the author of Claiming Your Place at the Boardroom Table: The Essential Handbook for Excellence in Governance and Effective Directorship. It is #1 on Amazon in governance.In this episode of Family Business Today, Tom will:· Expand on one of his governance definitions – “Governance is experiential, and reality based”· Share how bringing independent advisors in can offer wisdom, challenge the group, and set high standards· Explain the difference between Family Council, Family Assembly, and a Board of Directors· Share what to look for in a Board Member such as diverse backgrounds and people who have accomplished similar goals in their business lifecycle· And more… You can find out more about Tom Bakewell here. To learn more about his book, visit Claiming Your Place at the Boardroom Table.At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.Would you like the opportunity to be in a small group community of like-minded family business owners/leaders and get access to years of experience and wisdom from other family business executives just like you?If you answered yes, I would like to invite you to consider joining a family business mastermind group. To learn more visit our website at www.thefamilybusinessmastermind.com.Until next time, There's No Business Like Family Business…..We Know!

Our guest today is Dr. Susan Walsh. Susan started her career in banking and worked in retail, corporate and private banks for 11 years in both the North and South of Ireland. She then moved into academia and held a fellowship at the Dublin Institute of Technology. After moving to Munich in 2004, Susan founded Globe Business College and has spent the last decade and a half perfecting a unique education model that centers on one-on-one, customized business education for the sons and daughters of family company owners. Today, she divides her between the College, speaking events to promote the need for relationship-based education in a digitalized society and working at a strategic level in both Ireland and Europe on the future of education.In this episode of Family Business Today, Susan will share:How the idea for Globe Business College began with a desire to combine the logical processes of German businesses with the dynamic skills of Irish businessesHow the college has evolved and provides customized learning on a one-to-one level as the students and world change over timeThat a key to the longevity of Germany family businesses, also known as the Mittelstand, is that they are often specialists in one productHow early graduates of GBC are seeking continued relationships and character development outside of a traditional degree as they face challenges in their family businessesHow a challenge for early graduates of GBC is now being the bridge between senior management and the new generation And more…You can find out more about Dr. Susan Walsh at https://dr-susanwalsh.com/. To learn more about Globe Business College visit https://globe-college.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!

Our guest today is Marshall Rabil. Marshall serves as the Sales and Marketing Director of Virginia-based and family-owned Hubbard Peanut Company, which his grandmother and grandfather founded nearly 70 years ago. Named one of Inside Business' 40 Under 40 in 2019, Rabil helps lead the company with a big heart for his community and his multifaceted experience ranging from sustainable development studies to leading student groups internationally.In this episode of Family Business Today, Marshall will share:How the specialty peanut company Hubs got its start with Marshall's grandmother Dot, her unique recipe, and a unique Virginia peanut The steps Hubs has taken to expand from their homegrown roots while staying connected to the legacy and the community of Sedley, Virginia About his background in international teaching, community development projects, specialty grocery, sustainability, and service That an important part of a succession plan is clear communication of goals, of timelines, and of how the baton will be passed to the next generation The opportunities Hubs has for the business and the people of the business to give back to their communityAnd more…To learn more about Marshall Rabil and the Hubbard Peanut Company, visit https://www.hubspeanuts.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!

Our guest today is Bill Smith. Bill Smith has been involved with his family business for over 30 years. Royal Cup Coffee & Tea has been in his family since his grandfather bought the company in 1950. In 2014, Bill was promoted to the President and CEO role, following his uncle and moving the guidance of the business to him as a third-generation leader. Bill launched Double Iron Consulting in 2021 to serve and help small to medium-sized businesses and family business owners and executives clarify and achieve their goals. He understands what it's like to be in their position and knows the care that goes into a business, especially when it's a family business.In this episode of Family Business Today, Bill will share:His grandfather's passion for buying, owning, and running a business, which started the Smith family legacy in Royal Cup Coffee & TeaHow his 25 years in the family business began with learning how to roast coffee at 16 and lead to his work in the company's national infrastructure The value of providing immersion opportunities to the next generation when it comes to learning and developing passion for the family businessHow important it is for a family business to respect both the family aspect and the business aspect when growing the companyHow family business owners need to give themselves the time to successfully transition their business to avoid reactive or rushed transitionAnd more…To learn more about Bill and his business Double Iron Consulting, visit www.doubleironconsulting.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!

Our guest today is Deena Chochinov. Over the last 30 years, Deena has worked as a therapist, management consultant and family enterprise advisor with people and organizations seeking meaningful change. Her rare skill set enables her to strengthen family businesses on a strategic level, while ensuring that healthy interpersonal dynamics support a firm's continuity and prosperity. As a family facilitator, Deena works with multi-generational families who seek the tools and techniques to make smart decisions, manage conflict effectively and develop strong, lasting relationships. She is based in Vancouver, Canada.In this episode of Family Business Today, Deena will share:How her parents' family business and her experience as a therapist and management consultant led her to family business enterprise consultingHow difficult it is to move family businesses forward without proactivity, planning, and awareness How family business members need to know “what hat they're wearing when” as they manage their home and business balance How to have success in the family business and harmony at home while being the same personA story of three retirement-reluctant brothers who successfully transitioned their family business after forty years as ownersAnd more…You can find Deena Chochinov's book, HomeWork, at Amazon.com, and to learn more about Deena and her business, visit https://www.deenachochinov.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!

Our guest today is Larry Olsen. Larry Olsen is CEO and creator of Aperneo and is an international speaker, author, podcast host, and executive coach. He has years of experience working with Fortune 50 companies, championship teams, and entrepreneurs on establishing their vision and sense of purpose. Larry is passionate about providing individuals and teams quick, actionable guidance on how to break ingrained, ineffective habits that they did not even know were holding them back.In this episode of Family Business Today, Larry will share:How our success in business and in life is tied to learning how to change the way we thinkThat whatever is on our on minds is all we seeThat one hundred percent of our performance is dictated by our attitudeHow most of use are going into life looking backwardWhat it means to live your vision nowAnd more…You can find out more about Larry, his firm, his book Get a Vision and Live It, and The Mindset Playbook podcast by visiting his website at https://www.larryolsenlive.com/ . At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!

John and Daniel Stewart joins our host Greg Lewis on this week's edition of Family Business Today. John is the founder and CEO of Stewart Leadership. Stewart Leadership is recognized internationally for its feedback assessments, training tools, and solid, results-focused coaching services designed to guide teams and individuals to adapt, grow, and reach new levels of performance. John lives with his wife, Debra, near Portland, Oregon and has four sons and sixteen grandchildren.Daniel is a sought-after talent management and leadership development consultant and coach, and he leads Stewart Leadership's extensive consulting practice, business development, and international partnerships. Daniel lives near Milwaukee, WI with his wife, Katie, and their 4 children.In this episode of Family Business Today, John and Daniel will share:How Daniel and his brother came to grow the business John foundedThat the key to family business success is to recognize the strengths of every individual and capitalize on themThat effective leadership is directly related to the strength or weakness of relationshipsThat the most important element in transitioning a family business to the next generation is passion for the businessHow to allow the next generation space to tailor the family business legacy And more…You can find out more about John, Daniel, their firm, and their many publications, webinars, and resources by visiting their website at www.stewartleadership.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!

In this episode of Family Business Today, Dave will share: * That family businesses should take every opportunity to be proactive in preparing the rising generation, whether or not they enter into the family business * How family businesses need to become less informal and more professional over time * That success needs to be defined personally and intentionally for every family business generation * How running event simulations can help a family business see what decisions are wrapped up in one member of the business * That the rising generation needs to feel what it feels like to be an owner before they take over the family business * And more…

In this episode of Family Business Today, Marvin will share: * That every business exit is different, as family business entrepreneurs don't voluntarily exit their businesses often * That for family businesses the hardest decision to make is when to step away * How having an exit timeline already in place while you run your family business can help you optimize your returns * How having a general timeframe changes the daily decisions you make in your family business * That the best time to start thinking about the future is now * And more…

Our guest today is Karen McMahon. Karen founded Journey Beyond Divorce in 2010, after discovering that the pain of dissolving her marriage had been the very stimulus for her personal transformation. During her three-and-a-half-year tumultuous divorce, Karen's life began to improve exponentially. Karen is the mother of two emerging adults, a graduate of the world's leading coaching institute, Institute for Professional Excellence in Coaching (iPEC) and a Certified Member of the International Coaching Federation (ICF).In this episode of Family Business Today, Karen will share:How many individuals involved in a divorce will let reaction and ego move them farther from what they want after their divorceHow the emotional drain from a divorce can lead individuals to show up as their less-than-best selves in their family businesses and in the divorce processHer upcoming series on divorce and family business, set for 2022What adult children working in a family business can do to continue to work with their parents during and after they divorceHow to choose the right legal representation for your divorce by asking what divorce method, communication approach, and experience you are looking forAnd more…To learn more about Karen, her business Journey Beyond Divorce, and to receive a Free divorce survival kit, visit her website at https://www.jbddivorcesupport.com/ .At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!

In this episode of Family Business Today, Steven will share: * How many family business owners put off planning for ownership in the future to avoid family conflict in the present * That establishing planning begins with a founder who is willing to plan * The details surrounding transferring your family business to non-family owners * How to avoid common tax pitfalls in buy-sell agreements * How to choose the right guardians and trustees and ask the right questions when making a will * And more…

In this episode of Family Business Today, Anthony will share: * How his passion for helping family businesses was influenced by his childhood experiences * How “objectivity goes by the wayside” when family business owners discuss transitioning their business * How family business transition experts can work together like a medical team * That most family businesses may not plan for the unexpected in their family business transition plan * The most common mistakes and questions he has seen and heard from his family business clients * And more…

Stephanie Stuckey is CEO of Stuckey's, a roadside oasis famous for its pecan log rolls. Stuckey's was founded by Stephanie's grandfather, W.S. Stuckey, Sr. in Eastman, Georgia in 1937 and grew to over 350 stores by the 1970's. The company was sold in 1964. Stephanie purchased Stuckey's in November of 2019 and today serves as its CEO and spokesman.Stephanie has worked as a trial lawyer, served seven terms as a Georgia state representative, ran an environmental nonprofit law firm, held the office of Director of Sustainability for the City of Atlanta, and taught as an Adjunct Professor at the University of Georgia School of Law. Stephanie's achievements include being named one of the 100 Most Influential Georgians by Georgia Trend Magazine and a graduate of Leadership Atlanta. She is active in her community and serves on many nonprofit boards, including the National Sierra Club Foundation, EarthShare of Georgia, and her local zoning review board.In this episode of Family Business Today, Stephanie will share:How her grandfather went from selling pecans and making candy to becoming the first roadside retail chain in the countryHow storytelling is a family business's superpowerHow she stepped up to the plate in 2019 to keep the company in family handsHow her experiences as in trial and environmental law taught her how to advocate for the underdogWhat she has found in her experience traveling the backroads of AmericaAnd more…To learn more about Stuckey's, visit https://stuckeys.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!

Crissy Wieck was born and raised in Nashville and graduated from The Harpeth Hall School. After working at Dell for 12 years, Crissy joined her family business after the death of her father's business partner. Crissy has spent 10 years at Western Express and is currently the Chief Sales Officer and a minority owner. In this capacity, Crissy is responsible for Sales and Operations (~$850M) and is a member of the Executive Team. Crissy is married to Matt Wiltshire and has three daughters, a son and two stepsons. Crissy left Nashville to play soccer at Maryville College. After graduating in May of 2000, she headed to Dell. The company opened an office in Nashville the month before she graduated and made a commitment to the city to grow local talent organically. By 2009, Crissy was the General Manager and Global Site Lead for Dell Nashville and the Regional Sales Director for the East Coast. Three buildings, 2500 employees and a $5B footprint in Nashville allowed for her to be the CEO of the largest non-headquarter site for Dell. Her direct P&L represented $2B of the $5B in Nashville. This proved to be a perfect training ground for the unexpected career change in 2012 when she joined her family business. Western Express is a top ten Truckload Carrier in the country with over 3,000 trucks running the US and Mexico. The company has been in business since 1991 and was started by Crissy's grandfather (minority owner) and another family, with only 5 trucks. Her father joined the company in 1996, when they had 36 trucks, and across the ten years that followed, grew the company to 3000 trucks. She and her brother joined Western Express upon the death of their father's business partner to help run the business and they are both minority owners in the business, while their father is the majority owner. Today the company has 4,500 drivers and ~750 non driving associates across 6 locations in the US. Crissy has been on several Boards including; The Adventure Science Center, Nashville Public Television, The Maryville College Alumni Board, The Bank of Nashville, The Banner Advisory Board and The Harpeth Hall School.In this episode of Family Business Today, Crissy will share:How two neighbors talking over a fence in 1991 grew into a multi-generational company with 3000 trucks in 2006How the vision for the company grew as the company grew, and how it has changed as the economy has changed around itWhat it means to have “fun” as a business's core valueHow the company has adapted and rebuilt through a tornado in 2020 and COVID in 2021How her experiences at Dell helped her learn about how to run an entire businessAnd more…To learn more about Western Express, Inc., visit http://www.westernexp.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!

For over a century, the John Bouchard & Sons Co. (JBS) tradition of innovation and excellence has helped create and maintain the systems that keep the Mid-South running. Beginning as a Nashville machine shop in 1900, the company was incorporated in 1913. Today it is a fifth-generation, family-owned, diversified company serving modern industry through four fully-integrated divisions: Industrial Sales, Machine Services, Construction and Foundry. Their home office/shop is in its original Nashville location. After working in areas of journalism, architectural restoration, home education & serving numerous non-profit Boards, Lisa Bouchard Morgan joined the JBS Board in 2011. Now the Chairman & CEO, Lisa oversees and nurtures the fifth generation of her family's business. Protecting the rooted history and rich values, while fanning new sparks of innovation and change, are the balances to her vision. In its 121st year, Lisa led the process for JBS to become a Certified Woman Business Enterprise (WBE), making them even more of an asset to their customers and partnering contractors. For JBS, the GOD-given value of each worker, and the value of that work to them, are foundational priorities as they keep the hardworking infrastructure of the Mid-South running.After working for Exxon's offshore district operations, William Morgan joined JBS in 1986. Mentored by his father-in-law, he tackled challenges in various departments of the Company and developed as the leader of operations, ultimately serving as President, from 2001 to the present. His keen engineering sense keeps the navigation of the entire Company on a solid, steady course. He is a graduate of the Vanderbilt University School of Engineering and holds an MBA from Vanderbilt's Owen Business School.The eldest child of Lisa & William, Carver Morgan joined JBS in 2014, after spending 3 years in the corporate world. He was mentored by JBS tradesmen and technicians during a 3.5 year apprenticeship throughout the diversified areas of the company. Since, he has served as Company Historian, as interim Safety Director and in various project management roles. He currently co-leads the JBS Machine Shop. He holds a BS from the Vanderbilt University School of Engineering and an MBA from Lipscomb University.In this episode of Family Business Today, Lisa, William, and Carver will share:The longstanding history of John Bouchard & Sons Co., taking the company into its fifth generationHow John E. Bouchard III led the company with his actions and his faithHow the common thread of infrastructure can be traced from the company's very beginnings, in Nashville, TN and across the Mid-SouthLisa's passion for the business she inherited from her father and the steps she has taken to provide for her associates in her role as CEOHow the pandemic strengthened the family business's resolve to continue to “help companies do what they do”And more…To learn more about John Bouchard & Sons, Co., visit https://jbouchard.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!Permalink

Dr. Michael Klein has over 20 years of experience as an advisor to family business owners and next generations, as an assessment specialist (including assessments of job fit, personality, emotional intelligence, and values and motivators), he also speaks and leads workshops for family businesses. He uses his background in psychology to counsel and assist family businesses.Michael has worked both internally and externally in Fortune 500 companies, including positions in organizational development and human resources. He has experience in healthcare, financial services, publishing, entertainment, pharmaceuticals, construction, and private equity and other industries.He is the author of Trapped in the Family Business: A Practical Guide, which is in its second edition, and is a recipient of the 2018 Schultz Award for Outstanding Family Business Publication.Michael is a graduate of Haverford College and holds a doctorate in psychology from the Graduate School of Applied and Professional Psychology, Rutgers. He has taught at the Commonwealth Honors College and Isenberg School of Business at the University of Massachusetts at Amherst and has served as a four-time judge at the University of Vermont's Family Enterprise Case Competition (FECC).In this episode of Family Business Today, Michael will share:How common it is for family members of different generations to feel trapped in their family businessWhat it means to be trapped in your family business and how people become trappedThat his book is not only about “escaping” from the family business but about how to have difficult conversations while maintaining relationshipsHow parents and children can balance their needs with the needs of the family businessThe importance of having the tough conversations about your place in the family business even when the issues seem smallAnd more…To learn more about Michael's book and his work with family businesses, visit www.trappedinthefamilybusiness.com. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!

Ben Grossman, along with his brother, David, are the fourth generation of family leadership and have been leading Grossman Marketing Group for ten years. Their family business was founded as Massachusetts Envelope Company in 1910 by Maxwell Grossman, whose lifelong dream was to own his own business. Now, 111 years since its founding, the company is a full-service resource helping clients with a broad range of traditional and digital marketing needs.Ben Grossman holds a BA from Princeton University and an MBA from Columbia Business School. Prior to Columbia, Ben worked as a strategy consultant to Fortune 500 clients, as well as started and sold a sportswear and marketing firm.In this episode of Family Business Today, Ben will share:The story of how Grossman Marketing Group has evolved over time and throughout generationsHow observation and continuous learning paired with a mind for application can help you in your family businessHow important his time outside the family business gaining experience, both in the consulting world and in the start-up world, has been in helping him lead his family businessThat a large part of his family business's longevity is to not take anything for grantedHow he and his brother started their tenure as leaders of Grossman Marketing Group by asking people's input into the company using the HR stop-start-continue methodAnd more… To learn more about Grossman Marketing Group, visit www.grossmanmarketing.com.At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There's No Business Like Family Business…..We Know!

Aggie Johnson, CFP®, CPWA® is the founder and owner of WillKate Family Enterprise Office in Sioux Falls, South Dakota. She focuses on purposeful planning that helps build lasting family wealth beyond the balance sheet….

Dr. Josh Baron is a co-founder and Partner at BanyanGlobal. For over a decade, he has worked closely with families who own assets together, such as operating companies, family foundations, and family offices. He helps these families to define their purpose as owners and…

Your host, Greg Lewis, talks to Laurie Guzman. Laurie is the founder and president of The Inside Story, LLC, a virtual assistance organization located in Nashville, TN. Laurie has established herself as an Opportunity Broker, a Master of Connecting the Right People and the Right Business to the Right Opportunity. Laurie is also the mother of two amazing sons, who inspired her to launch her business that encourages flexibility and life balance.In this episode of Family Business Today Laurie Guzman will share:How having and recovering from COVID made her appreciate having the right people in her business and the importance of relying on your team and your processesHow business owners need to rely on the power of calendar management instead of depending on their own mind and memory, especially during times of growthThe critical role virtual assistants can play in the technological and the business development sides of the business as we experience our “new norms”How her passion for connecting people has not only led to the success of her own business but the success of those she works with locally, nationally, and globallyHow businesses can use the circumstances of 2020 to refine their vision and lean more on the support of other business leadersAnd much more…To learn more about Laurie Guzman and her business, The Inside Story, LLC, visit their website at https://www.theinsidestoryllc.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There’s No Business Like Family Business…..We Know!

Your host, Greg Lewis, talks to Andy Sneed. Andy is Chief Executive Officer of their family business, Wasco, Inc. in Nashville, Tennessee. Andy’s father, Bill Sneed, founded Wasco, Inc. in 1966, and Andy has worked in the family business since 1977.

Your host, Greg Lewis, talks to Barbara Roberts. Barbara is a speaker and writer on all stages of entrepreneurship from start-up through growth, exiting and reinvention, Barbara’s work builds on her personal experience as a Wall Street executive, serial entrepreneur and Entrepreneur in Residence at Columbia University Business School and Hofstra University.

Your host, Greg Lewis, talks to Peter Bloom, business lawyer with The Bloom Group in Washington DC. In his role, he serves as general counsel to emerging, mid-stage and family businesses, providing strategic advice as well as guidance regarding corporate law, contracts, tax, intellectual property protection, financing, succession planning and labor & employment law.Mariana Martinez and Peter Bloom are the authors of Seeing the Blind Spot: A Guide for Advisors Working with the Family Enterprise.In this episode of Family Business Today Peter Bloom will share:The importance of dealing with the emotional aspects of creating a successful transition planThe role family history, culture, relationships and individual personalities play in planning a successful transitionWhy Transition Planning is a Process and not an EventKey communication steps that family business owners should take in planning a transitionWhy creating a legacy is so important to family business ownersAnd much more….To learn more about Peter Bloom visit The Bloom Group LLC website at www.the bloomgroupllc.com. You can also obtain a copy of Peter Bloom and Mariana Martinez book Seeing the Blind Spots when Planning a Family Business Transition on Amazon.At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value)Until next time, There’s No Business Like Family Business…..We Know!

Your host, Greg Lewis, talks to Rocky Lalvani, Chief Profitability Officer for business owners like you. Rocky teaches business owners how to ensure they get paid and they make profit a priority! As a Certified Profit First Professional, he implements Mike Michalowicz’s Profit First System. We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses. This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!)

Your host, Greg Lewis, talks to Lawrence Mize, Lui Heimansohn Steel & Salvage, located in Clarksville, Tennessee. Lui Heimansohn first started a trading post in the Cadiz, KY in the late 1800s before moving to Clarksville, TN to open a storefront in 1896 to access rail and river trade. Joined by his three sons, the family business continues on today with the fourth generation now involved.

Your host, Greg Lewis, talks to John Taylor, President of Minuteman Press and Nashville Printing Company located in Nashville, Tennessee.Nashvilleprinting.com is owned by the Taylor Family. In business in Nashville for over 20 years, they have grown from a small franchise printer into a mid-size commercial printer and internationally-recognized branding specialist. In this episode of Family Business Today John Taylor will share:What John’s Dad instilled in him to continue the legacy of being a printerHow the Taylor Family is raising up the next generation of family business membersHis advice to parents who may be considering inviting their children to join the family businessHow he establishes boundaries between work and personal/family relationshipsHow the Taylor Family deal with disagreement in business mattersWhat the future looks like for the Taylor Family and Nashville Printing CompanyAnd much more….To learn more about Minuteman Press and Nashville Printing Company visit their website at www.nashvilleprinting.comAt the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition. If you are considering a transition in your family business in the next 3-5 years contact us today for a FREE Business Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value)To learn more about the Tennessee Center for Family Business visit www.tncfb.com.Until next time, There’s No Business Like Family Business…..We Know!

Your host, Greg Lewis, talks to Aaron Walker, Life and Business Coach and Masterminds for Men.Aaron has founded more than a dozen companies over the past 41 years. He attributes much of his success to having surrounded himself with his mastermind counterparts. Aaron is the founder of Irons Sharpens Iron, Inc. Mastermind that now host 19 groups with National and International Members.Aaron lives in Nashville, Tennessee with his wife, Robin, of 41 years. He has 2 incredible daughters and 5 beautiful grandchildren.In this episode of Family Business Today Aaron Walker will share:Living a Life of Excellence is not just about you. If you could change just one life, would it be worth it?Why being held accountable is important as an individual and as a business leaderBeing a member of a Mastermind helps us to uncover our blind spots and helps to make us a better personImportance of establishing boundaries between work and personal/family relationshipsWhy being a member of a mastermind is more important today than ever before due to the pandemicThe difference in a personal board of directors and a company board of directors And much more….As a special FREE gift for listening to today’s podcast go to www.viewfromthetop.com/tncfb to download a Personal Assessment Form, What Do You Want? and Spouse Survey?At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition. Family Business Mastermind Groups are now forming for the Fall. To learn more and join a group follow the link. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.Until next time, There’s No Business Like Family Business…..We Know!

Your host, Greg Lewis, talks to Laurie Spradley, Vice President Operations and Brand Development at Goo-Goo Candy Company located in Nashville, Tennessee.In 1912, in a copper kettle at the Standard Candy Company at Clark & First Avenue in Nashville, TN, America's first combination candy bar was invented. A roundish mound of caramel, marshmallow nougat, fresh roasted peanuts and real milk chocolate the Goo-Goo was a treat that I couldn’t wait to enjoy as a child. I still enjoy them today!!!Goo-Goo continues to be owned and operated by the Spradley Family. Their Goo-Goo Shop and Desert Bar located at 116 3rd Avenue South in Nashville is a must stop on your next trip to Music City USA.In this episode of Family Business Today Laurie Spradley will share:What’s in a name? You can hear the story here!Why the back story of a family brand is important to future generations and to those they serveHear Laurie’s story of her journey home from New York to join the family businessHow boundaries are established between work and personal/family relationshipsAdvice to Mom and Dad on inviting their children to join the family businessAnd much more….To learn more about Goo-Goo Candy visit their website at www.googoo.com.At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition. Family Business Mastermind Groups are now forming for the Fall. To learn more and join a group follow the link. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.Until next time, There’s No Business Like Family Business…..We Know!

Your host, Greg Lewis, talks to Anna-Vija McClain. Anna-Vija is an award-winning entrepreneur, speaker and sought-after expert on topics related to small business growth and professional development for young, ambitious talent. Her company, Piccolo Marketing, helps small business owners achieve unprecedented growth through the development of marketing strategies, business development campaigns, and implementation of processes and systems that maximize efficiency.Every day the business universe is cluttered with messaging ideas and repurposed content coming from marketers and thought leaders everywhere. As a family business owner, you know you need your messages to stand out from all that chatter, and you also understand that the best way to do that is to create a unique message that stands out. What are some best practices that family business owners should consider?In this episode of Family Business Today Anna-Vija McClain will share:What’s in a name? Specifically a family business name as a brand?Will being a family owned business give you a competitive edge in the marketplace?Marketing ideas to build long term relationships with your customersWhy training is important to grow your business and your teamTools recommended to use in your content marketing strategyAnd much more….To learn more about Piccolo Marketing’s Piccolo University, an online marketing training program, visit https://piccolo-university.teachable.com/. To signup for their Mentorship Program go to https://piccolomarketing.com/piccolo-marketing-mentor/. Use Coupon Code ‘family’ for a 10% Discount.At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition. Family Business Mastermind Groups are now forming. To learn more and join a group follow the link. Until next time, There’s No Business Like Family Business…..We Know!

Your host, Greg Lewis, talks to Steve French, President of The Signatry. The Signatry partners with families, advisors, and ministries by leveraging their creativity, innovation, and biblical values to transform the world through each last check signed to solve the world’s problems.Today’s news is filled with stories on the effects of the coronavirus pandemic on the economy, healthcare, finances and jobs. We see the hundreds of cars lined up at drive-thru food banks, the millions of people searching for jobs.The good news is that charitable giving has spiked as fast as the virus, filling in the gaps of government response to the crisis. Like our first responders, your family and business can get involved in supporting the relief efforts needed today and create a charitable giving strategy for your family and your business that will continue in the years to come.In this episode of Family Business Today Steve French will share:Why having a charitable giving strategy is important to a family and their businessWhat is difference in being a business owner and being a stewardWhat is the importance of building a legacy for your family and your businessWhat are options in creating a charitable giving strategyHow do you make a decision on where to invest your money through charitable givingWe will hear some examples of family businesses who have successfully created a legacy through charitable givingAnd much moreTo learn more about creating a charitable giving strategy for you and your business read Steve French’s book Investing and Faith: The Impact of Faith-Based Investing available available at Amazon. To begin a conversation on creating a charitable giving strategy for your family and your business visit their website at www.thesignatry.com.At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition.To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com

Your host, Greg Lewis talks to Joan Burge, Founder and CEO of Office Dynamics International, about her family business located in Las Vegas, Nevada. Since 1990, Office Dynamics International has been the global industry leader in the development and presentation of sophisticated executive and administrative assistant training, coaching and resources. Whether it's the head of the family or another relative who's directly or indirectly connected to the business, any death can disrupt the path of the family , causing the family business to veer off course. Like happiness, the exact opposite emotion, grief floods our rational decision making and overturns our daily routines; but unlike happiness, grief can linger for a very long time. How should a family business deal with such a powerful emotional event?In this episode Joan Burge will share:- Her story dealing with the loss of her husband and her own personal health challenges- The affect grief had on her personally and on their business- The importance of having a contingency plan in place prior to the disability or death of the owner, spouse or other family member in the business- Her advice to a spouse or other family member who are grieving and need to guide their business through a difficult time- Her stories will inspire you to hang on no matter what, to see the light in the darkest night and to know you are stronger than you imagine-And much moreWherever you are in life, whatever your age or marital status, Joan's story will lift your spirit and motivate you to reach for your dreams despite any obstacle or barrier.In her memoir, Give Yourself Permission to Live a BIG Life, Joan speaks with wisdom and clarity to every woman in every walk of life, tackling the multi-faceted ever-changing roles of today's woman with candor, wit and straight talk. Her stories will inspire you to hang on no matter what, to see the light in the darkest night and to know you are stronger than you imagine so you can remove whatever holds you back from becoming all you were created to be: fully invigorated in every aspect of life.To purchase a copy of Joan’s memoir follow this link: Give Yourself Permission to Live a BIG Life.To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com To learn more about Joan Burge’ family business, Office Dynamics International, Inc, visit their website at www.officedynamics.com

Your host, Greg Lewis talks to Jeff Aiken, President Tennessee Farm Bureau, on the future of the family farm and what the Tennessee Farm Bureau is doing to support farmers in Tennessee and across the nation. Mr. Aiken and his wife, Carol, own a multigenerational family farm located near Telford, in East Tennessee, in addition to his responsibilities as President of the Tennessee Farm Bureau, the largest state Farm Bureau in the nation, located in Columbia, Tennessee.Of the 2.1.million farms in the United States 97 percent are family owned operations.Family farms have a multitude of issues to worry about. Whether it is high taxes, increasing regulatory burdens, and trouble selling their products internationally, it seems like government bureaucracy is making it harder to run a family farm today. It is becoming even harder for farms and agribusinesses to successfully transition their farms to the next generation because the process seems too complex and intimidating to their owners.In this episode Mr. Aiken will share:-The importance of family values to building a legacy for your family and your business-How important succession planning is to protect the family farm-What the greatest threat is to the family farm today-How estate taxes are threatening the future of the family farm-The importance of the 2018 Farm Bill to the family farm-What affect China tariffs on imports are having on the US economy-And much moreAs a special gift for joining us for today’s edition of Family Business Today, we would like to send you a FREE COPY of our e-book on “3 Ways to Succeed in Family Business.” Simply email us at info@tncfb.com and respond “3 Ways to Succeed”.To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. For more information on the Tennessee Farm Bureau visit their website at www.tnfarmbureau.org

You may have heard it before, “Business is Business and Family is Family and never the two shall meet …unless you work in a family business.” Your host, Greg Lewis talks to Jennifer Lewis, President Tennessee Center for Family Business, on managing stress in the family business. Jennifer is a professional family counselor and career coach. A graduate of Covenant Seminary in St. Louis with a Master’s Degree in counseling, Jennifer helps individuals and families deal with the curve balls that life throws them.Life would be dull if you didn’t deal with stress. Everybody has it, the difference is in how you deal with it. In this episode Jennifer will share:· Keys to manage stress properly· How stress impacts relationships in a family business· Ways to take care of yourself so you can take care of others· Steps you can take now to help you cope with stress· When it is important to seek outside helpAs a special gift for joining us for today’s edition of Family Business Today, we would like to send you a FREE COPY of “8 Stress Busters to help you in your Family Business”.To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com.

Your host, Greg Lewis, talks to Eileen Huntington, co-founder and her daughter, Anne Huntington, VP Business Development at their family business, Huntington Learning Centers. The relationship between a mother and daughter can only truly be understood by mothers and daughters. If you love each other tremendously, enjoy spending time together and trust each other, then working together in a family business may be just for you. If you don’t, then working together in the family business is the last thing you should do.On today’s podcast you will learn:· How working with your children differs from non-family members· Should parents encourage children to do something else before joining the family business· How to separate the role of parent and boss when family members are not in agreement on business matters· Role of vision and family values play in business success· How to balance mother-daughter relationships when working together· One piece of advice for daughters who may be considering joining the family business· And much, much more!!Our guest today has been Eileen and Anne Huntington with Huntington Learning Centers. Huntington Learning Centers recently celebrated their 40th anniversary providing excellence in education. They provide tutoring services to elementary, middle school and high school students in 100’s of locations across the country. To learn more about Huntington Learning Centers visit their website at www.huntingtonhelps.com.To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com.

Your host, Greg Lewis, talks to Travis Harms, Sr. Vice President at Mercer Capital located in Memphis, Tennessee about the importance of a business valuation in helping you and your family have a realistic understanding of the value of your business and/or the value of your shares. This is critical for business and personal decision-making and planning for you and your family business.There are a number of reasons family business owners need a valuation done. These include:begin a sale process,resolve shareholder disputes,business planning & future decision-making,determine your tax obligations,litigation purposes(including divorce)ability to access external sources of fundingOn today’s podcast you will learn:How the value of your business is calculatedEstablishing a value is important whether you transfer to the next generation or to a third partyA valuation is great for transition planning and a positive communication tool for all family business shareholdersThere are three different valuation methods for your business (asset approach; income approach; market approachHow a business valuation is used in a buy-sell agreementWhy a business valuation is important in the case of the sudden death of a business owner or other shareholderWhat a business valuation costAnd much, much more!!Our guest today has been Travis Harms. Travis is Sr. Vice President at Mercer Capital located in Memphis, Tennessee where he leads Mercer Capital’s Family Business Advisory Services Group. Travis’s practice focuses on providing financial education, valuation, and other strategic financial consulting to multi-generation family businesses.Travis is the author of the book, the 12 Questions That Keep Family Business Directors Awake at Night and co-author of Business Valuation: An Integrated Theory, Second Edition, with Z. Christopher Mercer. To learn more about Mercer Capital visit their website at www.mercercapital.comTo learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com.

The world of family business is full of stories of siblings who didn’t see eye to eye. In today’s podcast we’ll hear from a 4th generation brother and sister combo who have carefully managed these relationships to be both productive and fulfilling for their business and their family.You will learn:· Make your own mark in business before joining the family business prepares you to join the family business· The role you take in the family business should be based on the skill sets you are best suited for not family hierarchy· Develop rules when dealing with conflict – communications, honesty, and respect; talk it out· Advice for siblings considering joining the family business – Talk about it a lot before making the plunge; have a clearly defined role that matches your skill set· Develop boundaries between family and business in family gatherings. Remember spouses and children may not understand or even be interested in the operations and issues of your family business· Have fun!Our guest today has been Laurie Straus Aronoff and Andy Straus, 4th generation owners, of Goldner Associates founded in 1951 in in Nashville, Tennessee. To learn more about their family business, Goldner Associates, visit their website at www.goldnerassociates.com.As a FREE Gift for listening to our podcast today, we would like to send you a FREE copy of 80 Questions Every Family Business Owner Should Answer. Send an email to info@tncfb.com and simply say 80 questions. To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com.

Leading a business is tough enough, but when family is involved the leader will experience the benefits and challenges associated with family owned business when it comes to communications. In today’s podcast, we will get answers to these and other questions: When does a business owner wear the parent or BOSS hat in making tough decisions How do I start the conversation with family members about transition planning How can a business owner ensure character and values successfully transition to future generations in the business How do I differentiate work roles vs husband/wife roles And much much more! Our guest today is Dr. Paul White. Dr. White is a psychologist, speaker and leadership trainer who “makes work relationships work.” He is the co-author of three books including The Five Languages of Appreciation in the Workplace with Dr. Gary Chapman, author of the #1 NY Times bestseller, The 5 Love Languages. Dr. White and Dr. Chapman have developed practical ways for leaders and employees to communicate authentic appreciation that leads to increased employee engagement, lower staff turnover and more positive work environments.

Succession Planning is an unfamiliar challenge for most business owners. The anxiety of planning is often aggravated when family members are involved in the business. Our guest today is Bradley J. Franc. In his new book The Succession Solution: The Survival Guide for Business Transition, Bradley provides both an explanation of the importance of succession planning, as well as practical, straightforward and proven system that can be used to continue your business in the next generation, whether your successor is a family member(s), an employee, or a third party. To learn more about the Tennessee Center for Family Business, visit our website at: www.tncfb.com

Gary and his family are former owners of Ringger Feed and Ringger Foods in Gridley, Illinois. In his book, Radical Business, From Ownership to Stewardship, Radical Business shares how God used a failing business to change Gary Ringger's definition of success - ultimately leading him on a path from that of a business owner to a business steward. It also shares how this journey led to the founding of Lifesong for Orphans, a ministry that serves over 16,000 children worldwide. This book challenges the reader to develop a radical business plan and gives practical advice on how to do so. In today’s episode, Gary will share:  What was the special contract he entered in to when business wasn’t going well? How did he come to view confrontation as opportunity? What role did fear play in his business decisions & how did he handle that fear? How did he decide the direction he wanted to go after he sold his family business? To learn more about Gary Ringger and Lifesong for Orphans, visit their website at: www.lifesong.org. To purchase Gary’s book, Radical Business, From Ownership to Stewardship, order on line at Amazon or www.Radicalbusiness.co. To learn more about the Tennessee Center for Family Business, visit our website at: www.tncfb.com

In today’s episode, Steve will share his secret weapon for generating the one source of revenue that will most effectively fuel your business: referrals  What are the two “moments of truth” in your message? Why clarity is so important at radio station WIIFM? Why do you need to define and embrace your “pigeon-hole”. Why are stories so important? What are the best kinds of stories? How do you identify your “super-power”? To learn more about Steve Woodruff, visit his website at: www.clarityfuel.com. To purchase or download a copy of Steve’s book Clarity Win$. Get Heard. Get Referred, go to: www.claritywins.org To learn more about growing your family business and planning for a successful transition, we’ll send you a FREE copy of “80 Questions Every Family Business Owner Should Answer.” Send an email to info@tncfb.com and simply say” 80 Questions” or call 615-513-9028.

Chris is a 3rd generation member of his family agribusiness located in Wray, Georgia. Started by Chris’ grandfather, Jacob Paulk, Muscadine Products Corporation is an agribusiness enterprise based in the middle of the world’s largest muscadine vineyards. In today’s episode, I will ask Chris to share:  How his grandfather invited Chris to start a new venture on the family farm after he graduated from college. Paulk family values Chris learned from his Grandfather and Dad that have been successfully transferred from generation to generation? How Chris and his family deal with disagreements on business issue. Things he learned about working in the family business that might be helpful if you are considering joining your family business. What has been the greatest challenge to the Paulk family business since his grandfather died in 2017. To learn more about Chris Paulk and Muscadine Products Corporation, visit their website at: http://www.muscadineproducts.com Are you interested in learning more about growing your family business and planning for a successful transition? You may be interested in joining a virtual family business roundtable. To learn more, check it out at www.tncfb.com/family-business-roundtables/ or call Greg directly at 615-513-9028.

In today’s episode, I will ask Charles to share: With only 4% of family businesses successfully transitioning to the 4th generation and beyond, what has been his family’s secret to success? With 5 generations there have been a lot of children, grand-children and great-grandchildren. How did the family decide who was and who was not going to join the business? What Hatcher family values where you taught that have been successfully transferred from generation to generation in your family business? What are some things you learned about working in the family business that might be helpful to our listeners who are considering joining their family business? What advice would you offer to a Mom or Dad who is considering inviting a son/daughter to join the family business? What does your family talk about around the Sunday Dinner table? To learn more about Charles Hatcher and Hatcher Family Dairy, visit their website at: www.hatcherfamilydairy.com To learn more about growing your family business and planning for a successful transition, you may be interested in virtual family business roundtables. To learn more, check it out at www.tncfb.com/family-business-roundtables/ or call Greg directly at 615-513-9028.

You will hear real life stories about a company co-owned by two brothers; a family business where parents are treating everyone equally; and a family business where Dad’s “second marriage” combines “new kids” and a child from Dad’s first marriage who is actively involved in the business. Business owners and entrepreneurs, corporate officers and executives, and investors and families with inherited assets seek advice from Aaron Flinn for the purpose of ensuring financial stability and continued prosperity. Serving clients with trust and estate as well as wealth preservation needs, Aaron helps craft and deliver strategies that reflect the client’s values while capturing the tax benefits available given their current circumstances. In today’s episode, I will ask Aaron to share:  How would a buy-sell agreement have helped avoid the deadlock that occurred in the business owned 50/50 by brothers when one brother died unexpectedly? What would you suggest to parents to transition from treating their children “equally” to treating them “equitably” in their family business? Why is it important that children be given roles in the company that are appropriate to their capabilities and be paid accordingly for the work they do? How should the conversation between Dad and his new wife about the family business be started when a Dad is about to get married for a second time and there are children from both parents involved? To learn more about Aaron Flinn and Waller Law visit their website at www.wallerlaw.com To learn more about growing your family business and planning for a successful transition, you may be interested in joining a family business roundtables. To learn more, check it out at www.tncfb.com/family-business-roundtables/

On today’s podcast we will be talking about Cal’s trials and tribulations both within his family and within his family business, Dollar General; what he learned; and how his experiences working in a family business might benefit you where you are today in your family business. Cal Turner, Jr. grew up in a Scottsville, Kentucky household where business and family were one. After graduating from Vanderbilt University, he served three years as an officer in the United States Navy before beginning his career at Dollar General. He served as CEO for 37 years and during his tenure the number of Dollar General stores rose from 150 with sales of $40 million, to more than 6,000 with sales in excess of $6 billion. In today’s episode, I will ask Cal to share: · Why was it important to write this book about the Turner family business now?· What is the significance of the terms “an old man’s caution” and a “young man’s ambition”?· How did your desire to be a people pleaser influence your relationships with family, employees, board members and investors when you eventually took over leadership at Dollar General?· What were your mom’s 3 rules about fighting?· What advice would you give a father/mother whose work defines them about letting go and allowing the next generation to carry on the legacy?· Why is philanthropy so important to your family business? If you have a question about working in your family business or succession planning, contact us at info@tncfb.com.  To learn more about the Tennessee Center for Family Business, visit our website atwww.tncfb.com.

No matter what the size of a family enterprise, the unique – and often volatile – mix of personal family relationships, business strategy and ownership criteria can create an emotionally charged environment that makes decision-making, not to mention day-to-day management…… Challenging. And as the founding generation ages, succession and power issues across an expanding family can create cascading concerns.  In a study by pwc Global, 71% of family enterprises have NOT adopted any procedures for resolving conflict between family members.  In today’s episode, David will tell us:  What is the Difference in a Family Council and a Board? What are the Benefits of having Structured Governance no matter what size Family Business you have? How does having Family Council Meeting help in Estate and Succession Planning for the Family Business? What would be the First Steps a Family Business Leader might take to set up a Family Council for your Business?  As a special gift for joining us for the Family Business Today podcast, we would like to send you a FREE COPY of Family Council – What it is and Why You Must have One. You will learn: The Purpose of a Family Council The Difference between Family Meetings and Family Councils The Responsibilities of a Family Council How Do We Start a Family Council? and more….  Send us an email today to info@tncfb.com and simply say “Governance”.  

A 2014 study showed that women – mostly daughters – are increasingly being selected to take over their family-owned businesses. Among conclusions in the study, “Women in Leadership: The Family Business Advantage”, by EY and Kennesaw State University in Atlanta, one of the most compelling was that “70 percent of family businesses are considering a woman for their next CEO, and 30 percent are strongly considering a woman for the top spot.”  On this episode of Family Business Today, Greg Lewis interview JK Elkin with Spicer Rudstrom PLLC to discuss her experiences working with her Dad in their family business, National Dance Clubs. JK put her law practice on hold in 2007 and took over the family business, The National Dance Clubs.  If you are a daughter or a Dad working together in business, you don’t want to miss the insights that JK learned from working with her Dad in this podcast.  In today’s episode, I will ask JK to share:  What led up to her decision to put her law practice on hold and return to the family business? What were the biggest personal challenges she faced in returning to the business which employed several family members? Who were her mentors outside the family? How were disagreements among family members handled? What difference may there be between Father/Son and Father/Daughter relationships? What advice would she give to a Mom or Dad who is considering inviting a daughter to join the family business? What advice would she give a daughter who is considering joining her family business? What was the emphasis on treating everyone fairly versus equally? If you have a question about daughters working in their family business or succession planning, contact us at info@tncfb.com.   

Nearly 50% of successful business owners want to exit their companies within the next five years. Is an ESOP right for me?You don’t want to miss this podcast!On this episode of Family Business Today, Greg Lewis interviews Tim Jamison with Prairie Capital Advisors to discuss his experiences involved in developing Employee Stock Ownership Plans (ESOP) and the advantages of an ESOP for business owners.Tim describes an ESOP as a form of business transition that gradually transfers to the employees of the business over time. Many business owners view this as a great way to reward the employees who have helped them build their business over the years and a way to help those employees with their retirement.In today’s episode, I will ask Tim to share:* What does an ideal company look like for an ESOP?* Do you have to give up ownership of your business to create an ESOP?* How you can receive tremendous tax benefits from Uncle Sam by implementing an ESOP* Who is and what role does a Trustee play in an ESOP.* Why valuing your business at Fair Market Value is important?* What are the cost to implement an ESOP?* Ways to customize an ESOP Plan for your business. If you have a question about ESOP or succession planning, contact us at info@tncfb.com.Welcome to Family Business Today where we feature prominent local and national family business owners. We also talk to top family business experts to discuss relevant topics including communications, business culture, family relationships, succession and estate planning, values as well as conflict resolution.