Podcasts about family business consulting group

Today, I'm excited to speak with Amy Wirtz, Senior Consultant with The Family Business Consulting Group. Amy works closely with families to identify their goals around values, ownership, and financial wealth, and helps them establish family offices, councils, and enterprise governance systems to support these goals. She served as a lawyer for 27 years, with the last 10 years practicing collaborative law. In addition, Amy is a trained mediator and skilled facilitator in conflict resolution, communication, and listening skills. She serves on multiple family business advisory boards and frequently teaches and speaks at business forums, including YPO, YPO Family Office, Private Company Governance Conference, and The Exit Planning Institute. In today's conversation, we'll zoom into generation-skipping trusts, which are both powerful and popular estate planning vehicles deployed by UHNW families and their advisors. We start with the basics, and Amy providing a definition of what generation-skipping trusts are and why are they so commonly utilized by families of wealth. Like all estate planning, risk management, and tax optimization strategies, there are both pros and cons and complexities associated with generation-skipping trusts. Amy talks about the long-term implications for families who establish and subsequently must live within these legal structures. Amy offers some practical tips and suggestions for families who are just starting to consider generation-skipping trusts, helping outline what they should know and beware, and how they should prepare the family for these structures. Amy then offers some pointers and advice for families who already have established generation-skipping trusts, sharing her insights into how they can live their lives in accordance with their goals and preferences while still managing and complying with the complexities of these existing legal structures. Please enjoy this deeply insightful conversation with one of the leading practitioners and consultants in the area of trust and estate planning for UHNW families.

In our 65th episode, Aileen Miziolek sits down with ownership expert and co-author of Own It!: How to Develop a Family Enterprise Owner's Mindset at Every Age, Barbara Dartt, to ask her how she started and grew her career in the family business consulting world, what being an owner of a family enterprise can mean and the different roles that owners often have to navigate in their ownership journey.   All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Guest bio Barbara Dartt has more than 20 years' experience helping individuals and family groups grapple with the joys and challenges that are a natural part of families owning and managing businesses together. As a principal consultant for FBCG, Barb helps families get aligned, anticipate and prevent future challenges, and communicate effectively to grow their businesses.   Growing up, Barb watched her grandfather and father provide educational extension services to family-owned farms. Her interest in serving farm families led her to study veterinary medicine, receiving her doctoral degree from Michigan State University in 1996. In 1998, Barb earned a master's degree in Agricultural Economics at MSU where she worked as a graduate research assistant, and then as a Farm Business Management Specialist.   You can learn more about Barbara Dartt on the Family Business Consulting Group website.   Key Takeaways [0:26] Aileen Miziolek welcomes Barbara Dartt and asks her to share how she came to a career in the family business consulting world.   [4:49] Regardless of the industry, the need for ownership development tends to sneak up on families; Barbara explains how that evolution can take place.   [9:40] Both operating and non-operating ownership can become complex and challenging, but non-operating ownership is not for everyone.   [11:12] Highly expert industries can evolve beyond their owners' knowledge base so creating a team for strategic ownership is critical. Barbara explains a good perspective and a few non-negotiables to guide ownership development.   [17:00] Patient capital as a quantifiable way to measure the return on time and energy.   [18:45] The owners' mindset, beliefs, and behaviors chart is one of the many tools provided in the book; Barbara shares her favorite.   [24:42] Barbara breaks down the common symptoms of underdeveloped ownership and what to do to prevent it.   [27:56] Generation friction can also be an issue when it comes to ownership, Barbara shares her experience with intergenerational cohorts and how their different perspectives affect what feels important to them.   [30:24] Barabara offers what advisory structure she would provide for proper ownership development.   [33:20] Aileen Miziolek thanks Barbara Dartt for sharing her expertise and closes this episode by reminding listeners to rate and subscribe.   If you enjoyed today's episode, you can subscribe to Let's Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.   Mentioned in this episode The Family Business Symposium 2025: Navigating the Calm and the Storm in Family Business, May 26 to 28 in Halifax, Nova Scotia   Own It!: How to Develop a Family Enterprise Owner's Mindset at Every Age, by Wendy Sage-Hayward, Gaia Marchisio, and Barbara Dartt   More about Family Enterprise Canada Family Enterprise Canada FEC on Facebook FEC on Twitter FEC on LinkedIn

"Family-owned businesses thrive when they separate ownership decisions from operational meetings and create intentional boundaries between work and family life." - Amy WirtzIn this episode, host Kiley Peters dives into the complex world of family-owned businesses with the help of senior consultant Amy Wirtz from the Family Business Consulting Group. Together, they explore the unique challenges faced by those working in family businesses and the importance of tapping into the expertise of third parties to navigate these complexities.Amy shares her passion for helping families define their goals around their values, ownership, and financial wealth. She emphasizes the need for family members working together to separate their personal and professional relationships, treating each other as employees or owners in the workplace. By bringing their best manners into the business, they can avoid the pitfalls of treating each other as siblings or family members, which can lead to tension and unproductive communication.Another challenge Amy highlights is the need to hire and pay for qualifications rather than relationships. She encourages family-owned businesses to adopt a business-first mindset, making decisions based on the needs of the business rather than family dynamics. This approach not only strengthens the business but also makes it more attractive to non-family talent.Amy also delves into the complexities of intergenerational transitions and the sale of the business. She discusses the importance of educating the next generation about the business and preparing them for ownership. She suggests considering a combination of selling and gifting the business to the next generation, allowing them to have a sense of ownership and make their mark while respecting the legacy of the previous generation.Throughout the episode, Amy's passion for empowering people shines through. She loves seeing the transformations that occur when family-owned businesses embrace new knowledge and take ownership of their success. Her work is helping family-owned businesses create a legacy that lasts for generations to come.Quotes:"You have to remember that when you're in a family system, people tend to treat each other with, act in a way and communicate in a way where they know those relationships will exist typically no matter what they do. There's unconditional love, right? And that works in a family. It does not work in a business." (3:41 | Amy Wirtz) "It's invaluable to have a good team surrounding you, both in advisory systems and in leadership systems and to really consider governance at that point. So to look at how a board of advisors or a board of directors can assist your team and bring knowledge into it to assist it as it continues to grow. " (07:02 | Amy Wirtz)"Separate your meetings that you have with your employees from ownership decisions and make the time to have them. Even if you only do it every three months or every four months, have an hour set aside to talk about ownership stuff. Separate your ownership decision meetings from your operation meetings." (22:48 | Amy Wirtz)"When you are spending time with your family, spend time with your family. And that might mean that everybody that enters the room for dinner sets their cell phones in a basket and leaves work at the door. You will have a much happier rest of your family." (24:40 | Amy Wirtz)LinksConnect with Welcome to ElomaInstagram: @welcometoelomaWebsite: WelcometoEloma.comWeekly Email Newsletter:...

    David Karofsky is a principal consultant with The Family Business Consulting Group, specializing in advising family businesses around the challenges and opportunities inherent to the family business.  Prior to working with The Family Business Consulting Group, David worked in his own family business consulting practice with his father for eight years. The father-son team are the authors of So You're in the Family Business: A Guide to Sustainability. In addition, David was vice president of marketing for a software start-up where he helped launch the company and raise over $10 million in funding. David also served at EMC Corporation for eight years, holding various corporate roles, including managing operations for worldwide marketing.  The recipient of multiple achievement awards, David has been a guest speaker internationally and is a mentor to current and former MBA students at Northeastern University's Graduate School of Business and serves on the Marketing Career Track Advisory Board. He is a founding member and former chair of the Boston chapter of the Young Presidents' Organization's Young Adult Forum, member of the Family Firm Institute, where he holds certificates in Family Wealth and Advanced Family Business Advising with Fellow status, member of the Board of Directors of the Rogers Foam Corporation, and a former member of the Executive Board of Directors for the Men's Associates at Hebrew Senior Life.    What You'll Learn  Why communication is vital as a foundation.  What governance looks like in a family business.  How to handle increasing complexity in ownership transitions.  How to create a roadmap for successful transitions.  The benefits of building a board.    Timestamps  [04:02] A bit about David.  [06:16] Advising family businesses as a family business.  [07:12] Communication is key.  [11:12] Governance in family business.  [15:09] Ownership transitions.  [17:53] Fair and equal.  [22:07] Creating the transition roadmap.  [27:51] Building a board.  [36:54] Overcoming the fear of the board.  [39:37] ROI of the board.    Memorable Quotes  “Conflict is inevitable.” – David Karofsky [06:53]  “Assumption is the mother of all evil.” – David Karofsky [10:30]  “In family, fair sometimes is equal.” – David Karofsky [18:33]  “You've got to be able to listen to other people.” – David Karofsky [36:22]      Social Media  David Karofsky.    Websites  The Family Business Consulting Group. 

In this episode of Disruptive Successor, Jonathan Goldhill interviews Doug Gray, a consultant with the Family Business Consulting Group and co-founder at Assess Next Gen. Doug specializes in leadership development, succession planning, and building family unity and enterprising families.Doug talks about the assessment he developed for rising leaders in family businesses, which helps older generations and next gens to overcome sleeplessness and angst. He also discusses how assessments can be useful for family businesses and the difference between quantitative and qualitative assessments.HIGHLIGHT QUOTESThe theoretical model and whittling down to 50 items - Doug: “360 assessments are the most valid form of feedback known to humans, and they exist in traded companies and they're poorly used in most publicly traded companies.”AI will not replace recommendations; motivation for creating assessment; marketing strategy - Doug: “AI will never replace these recommendations. It can provide its own recommendations, but there's no threat there. We're clearly focusing on three of the buckets. We assess, we recommend, and we serve our clients.”Connect with Doug through the links below:LinkedIn: https://www.linkedin.com/in/doug-gray-phd/Website: https://action-learning.com/If you enjoyed today's episode, please subscribe, review, and share with a friend who would benefit from the message. If you're interested in picking up a copy of Jonathan Goldhill's book, Disruptive Successor, go to the website at www.DisruptiveSuccessor.com

Doug Gray has spent 25 years helping family businesses go and grow as a consultant, most recently for The Family Business Consulting Group. No surprise issues around communication, competition, conflict, chance and 75 other C-words or so can invade the C-suite of family business leaders. Family businesses across industries and around the world turn to Doug for guidance in leadership development, succession planning, and strengthening family unity. If you are in any way connected to a family enterprise, Doug will make you think of things from a fresh perspective. Please enjoy episode #48 of GENeration EXcellence with Doug Gray. Bio: https://www.thefbcg.com/consultants/doug-gray-ph-d/

The FFI Practitioner podcast is pleased to host Doug Gray, PhD, discussing the field of positive psychology and how its research findings can help family business advisors with their clients. Doug Gray, PhD, is a consultant with the Family Business Consulting Group, co-founder of Assess Next Gen, LLC, and CEO of Action Learning Associates, LLC, … Continue reading How Positive Psychology Can Help Family Enterprises Flourish →

Are you a family business owner looking to build a resilient leadership team?Today, we have the pleasure of speaking with Doug Gray, a seasoned consultant with the Family Business Consulting Group. With over 25 years of experience in leadership development, Doug shares his insights into what it takes to build strong and resilient leaders within family businesses. This episode provides valuable insights into family businesses built on effective communication, distributed ownership models, and tips on how to assess NextGen leaders effectively. Tune in now!Doug Gray is a father, husband, consultant, author, and former adventure racer who can still skate backward. He is a consultant with The Family Business Consulting Group where he specializes in leadership development, succession planning, and building family unity in enterprising families.[00:01 - 08:36] Opening Segment• Doug shares his expertise in leadership development, succession planning, and building family unityWhat the Family Business Consulting Group does• Working with affluent families and found boarding schools to be transformative for students• Doug's background in positive psychology and coaching protocols[08:37 - 16:59] The Premier Family Business Consulting Group• Why The FBCG focus is on leadership development, specifically working with NextGen leadersA vetting process to match the best consultant for the engagement• How the definition of NextGen has changed over timeThe trend towards more involvement from younger generations in the family[17:00 - 25:01] Revolutionizing Family Business Leadership with Innovative Assessment Techniques• Family businesses struggle with migrating to digital platforms and are concerned about security risks• What's causing older generations to worry about their successors' capacity• The trend towards innovation and the Assess NextGen 360 leadership assessmentBusiness, ownership, individual capacity, and learning[25:02 - 33:11] Navigating Family Dynamics in Business Ownership• Feedback is important but must be confidential and ethical• How active engagement from leadership leads to a successful implementation of feedback• Dos and don'ts for distributed ownership• The importance of effective communication and teamwork in family businesses[33:12 - 37:49] Closing Segment• How using "I statements" and sharing personal experiences can be powerful tools in communication• Why involving in-laws in family business decisions can be important• Consultants can play a role in supporting the team approach to the family systemWant to connect with Doug? Head to The Family Business Consulting Group, and explore what's best for your family and business! Key Quotes:“When we're all tossed into a less familiar environment, we can grow and learn.” - Doug Gray“The top two problems that every family has is communication and conflict.” - Doug GrayDownload our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON!

Doug Gray, Ph.D., PCC, is a consultant with the Family Business Consulting Group, www.theFBCG.com, co-founder of www.AssessNextGen.com, and founder of www.Action-Learning.com, who wishes he still lived in New Hampshire near Chris Yonker. He is the author of Objectives + Key Results (OKR) Leadership.   What You'll Learn ●              What is organizational readiness? ●              How to work on shaping preferable behaviors. ●              The difference between succession and continuity. ●              How family businesses respond to change.   Timestamps ·       [05:04] Family businesses in numbers. ·       [07:38] Succession challenges. ·       [14:55] The Assess Next Gen tool. ·       [21:24] Perspectives and feedback. ·       [25:34] Family or non-family succession. ·       [28:10] Resistance to the results. ·       [30:05] Organizational readiness. ·       [33:42] The highest and lowest scoring key behaviors. ·       [37:28] Handling change. ·       [40:59] Shaping preferable behaviors. ·       [43:36] Who takes the survey?   Memorable Quotes ·       “Continuity is a longer conversation.” – Doug Gray [09:39] ·       “We need to create a system to reward customers who provide referrals.” – Doug Gray [35:07]   Social Media Doug Gray.   Websites www.theFBCG.com.   www.AssessNextGen.com. www.Action-Learning.com.

Barbara Dartt, a Principal Consultant for the Family Business Consulting Group and co-author of "Own It! How to Develop a Family Enterprise Owner's Mindset at Every Age" joins Enterprise Radio. The post First-Rate Family Enterprise Involves Collective Learning appeared first on Enterprise Podcast Network - EPN.

In today's episode, you will hear from Lisa Morel, a recognized advisor to family enterprises and Founder of The Family Business Blueprint. Suneera and Lisa discuss how to bring growth and continuity to the family business for the next generations while maintaining family harmony. Lisa has guided hundreds of family business leaders in laying a framework for avoiding conflicts and strategically growing family enterprises. She works with multigenerational families across ten countries and is the first Latin American expert to join the prestigious Family Business Consulting Group. Lisa supports women as catalyzers of change within their family businesses and advocates for next-gen led intrapreneurship. She is the youngest board member of the Family Firm Institute, the leading global organization of thought leaders in the field. Additionally, Lisa coaches NextGen leaders of families in a business facing their first generational transitions through her program, The Family Business Blueprint.  Lisa and her husband reside in Miami, along with their two children. She enjoys cultural photography and Formula 1 and is fluent in English, Spanish, and French. She Is also the host of the Family Business Conversations podcast.    Connect with Lisa Instagram:  https://www.instagram.com/lisammorel Website: https://www.thefbcg.com/consultants/lisa-m-morel   Join us for a 2-day intensive business workshop, with exclusive access to Suneera Madhani, a Forbes 40 Under 40, billion-dollar founder, EY Entrepreneur of the Year award recipient for an immersive business experience that will give you the tools and playbooks to create an actionable plan to scale your business in 2023: https://theceoschool.mykajabi.com/ceo-school-december-2023-workshop This episode is sponsored by The Club, a monthly digital community to help you level up and leadership and life. Learn more today at https://join.theceoschool.co/

In this episode of Money Tales, our guest is Dr. Jeremy Lurey. Jeremy had all the right conditions when he was young to set him up to be a spoiled and entitled adult. He grew up in an affluent community in Malibu, traveled the world more than he traveled the US, once had an elephant in his back yard and when he wrecked his car, a hand-me-down from his parents, they replaced it. When we asked Jeremy how he turned out so grounded, he told us it was because of his mindset and belief system. Dr. Jeremy Lurey is a Consultant with The Family Business Consulting Group. Jeremy is a talented executive coach, business consultant, and family advisor who enables business owners and CEOs to improve performance and create greater value for their shareholders. Over the past 25 years, he has served clients ranging from families of significant wealth to mid-market companies to Fortune 500 corporations. Jeremy has expertise in supporting family offices and family businesses with the critical leadership and governance practices required to create more sustainable futures. He is passionate about helping established families transition their businesses and transfer their wealth to the next generation, and he excels at supporting Baby Boomers transitioning into retirement and their NextGen successors accepting increased business and personal responsibilities. Over the years, Jeremy has also supported siblings, cousins, married partners, and parents, along with their children, by regularly facilitating family forums and retreats, preparing family charters, and providing family counseling and coaching beyond his direct efforts to improve performance and produce better results in their businesses. Jeremy is a proud husband, father, brother, son, and owner of 3 rescue dogs. In addition to his role as a consultant, Jeremy frequently presents at professional conferences and seminars and has authored several publications on family business, succession planning, organization development, leadership, and family legacy. His clients regularly acknowledge his ability to get them unstuck, act more “leader-like” and focus on what matters most in their lives. Before joining FBCG, Jeremy worked at both PricewaterhouseCoopers and Andersen Consulting. He also managed his own coaching and consulting practices Plus Delta Consulting, CHIEFEXECcoach, and Family Legacy 1st, where he has served clients of all sizes and across numerous industry sectors. See all episodes >

In this episode of Money Tales, our guest is Dr. Jeremy Lurey. Jeremy had all the right conditions when he was young to set him up to be a spoiled and entitled adult. He grew up in an affluent community in Malibu, traveled the world more than he traveled the US, once had an elephant in his back yard and when he wrecked his car, a hand-me-down from his parents, they replaced it. When we asked Jeremy how he turned out so grounded, he told us it was because of his mindset and belief system. Dr. Jeremy Lurey is a Consultant with The Family Business Consulting Group. Jeremy is a talented executive coach, business consultant, and family advisor who enables business owners and CEOs to improve performance and create greater value for their shareholders. Over the past 25 years, he has served clients ranging from families of significant wealth to mid-market companies to Fortune 500 corporations. Jeremy has expertise in supporting family offices and family businesses with the critical leadership and governance practices required to create more sustainable futures. He is passionate about helping established families transition their businesses and transfer their wealth to the next generation, and he excels at supporting Baby Boomers transitioning into retirement and their NextGen successors accepting increased business and personal responsibilities. Over the years, Jeremy has also supported siblings, cousins, married partners, and parents, along with their children, by regularly facilitating family forums and retreats, preparing family charters, and providing family counseling and coaching beyond his direct efforts to improve performance and produce better results in their businesses. Jeremy is a proud husband, father, brother, son, and owner of 3 rescue dogs. In addition to his role as a consultant, Jeremy frequently presents at professional conferences and seminars and has authored several publications on family business, succession planning, organization development, leadership, and family legacy. His clients regularly acknowledge his ability to get them unstuck, act more “leader-like” and focus on what matters most in their lives. Before joining FBCG, Jeremy worked at both PricewaterhouseCoopers and Andersen Consulting. He also managed his own coaching and consulting practices Plus Delta Consulting, CHIEFEXECcoach, and Family Legacy 1st, where he has served clients of all sizes and across numerous industry sectors. Learn more about Money Tale$ > Subscribe to the podcast Recent episodes See all episodes > Form CRS Form ADV Terms of Use Privacy Rights and Policies

Kristi Daeda, CEO of The Family Business Consulting Group, shares lessons professional services firms can take away from family businesses to turn a founder's blood, sweat, and tears into multi-generational value and a legacy. The post Creating Multi-generational Value: Lessons from Family Business with Kristi Daeda, CEO of The Family Business Consulting Group appeared first on Rattle and Pedal.

Kristi Daeda, CEO of The Family Business Consulting Group, shares lessons professional services firms can take away from family businesses to turn a founder's blood, sweat, and tears into multi-generational value and a legacy. The post Creating Multi-generational Value: Lessons from Family Business with Kristi Daeda, CEO of The Family Business Consulting Group appeared first on Rattle and Pedal.

Many of our clients are curious about what it means to be a high-performing legacy family. It's not just about having a successful multi-generation family business or reaching ultra-high net worth status. It's also not about publishing your family's memoirs for future great-grandchildren to read. These are all signs of success and great strategies to preserve your legacy but being a high-performance legacy family is about much more. In this podcast episode, Pete Walther welcomes Dr. Jeremy Lurey, consultant with The Family Business Consulting Group, to uncover several key strategies for securing your legacy and establishing a family office.

It takes grit, determination, governance and process to build and transition an enduring family business. The most successful family enterprises strive for a balance between the demands and dreams of the family, the business, and the owners. Martha Sullivan joins us to explore some of these challenges and the best practices for family businesses to achieve that balance and thrive for generations. Once a systems consultant, Martha turned a brilliant act of rebellion into a career as a CPA, CFO, COO, value growth strategist, and family business succession consultant, working with hundreds of clients over three-plus decades.  A Consultant with The Family Business Consulting Group & President, Provenance Hill Consulting, she has one purpose: Help business owners build, buy, & sell their company so they can move on to their next adventure & achieve their financial goals. If you are a small business owner or salesperson who struggles with getting the sales results you are looking for, get your copy of Succeed Without Selling today. If you haven't seen all Audible.com has to offer, you don't know what you're missing. Sign up for a free trial at audibletrial.com/businessgrowth.

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients. All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada. Description Host Steve Legler speaks with Dr. Joshua Nacht, author of Family Champions and Champion Families, about how FEAs can identify and support the champions who are part of many of their client families. These champions often have less obvious roles in the business circle but provide important leadership in the family and ownership circles, and as advisors we can become important resources to them. Guest bio Joshua Nacht, Ph.D., is a senior consultant with The Family Business Consulting Group and works with business families to help them become more intentional and organized to achieve their goals. He's adept at working with multigenerational families to integrate their diverse perspectives and create structured plans for continuity. Joshua is the author of the book Family Champions and Champion Families: Developing Family Leaders to Sustain the Family Enterprise. The book is a follow-up to his Ph.D. dissertation on the subject, which he did under Dennis Jaffe, who was our guest on Episode 11! You can find out more about Joshua Nacht on The Family Business Consulting Group and his LinkedIn.   Key Takeaways [0:26] Steve Legler welcomes Joshua Nacht. The subject for this episode is family champions. Joshua took his Ph.D. dissertation and wrote it into a book. [2:05] The concept of the family champion came out of research Joshua did for Dennis Jaffe. Many people Joshua interviewed played notable leadership roles in their family enterprises without working in them. They were involved in governance and engaged in helping their family informally. [3:47] When Joshua dug deeper, he came up with the idea of a book on family champions. He created his dissertation research planning to share it as a book for a wide audience. Joshua found tangible energy around the discussion about family champions. He would like the term family champion to become part of the family enterprise vocabulary. [6:33] People leading a business don't have the bandwidth to organize and lead the family. Joshua has met many family champions who informally organize and lead the family ownership group. Their leadership comes from their engagement and actions. The family champion role changes with the growth of the enterprise. [11:09] The family champion is not an authoritative leader. A family champion emerges as somebody steps up to fill a need. Joshua shares four catalysts of family champions. [14:02] The family champion is not always an individual. Sometimes a shared role works better. It could be a spouse pair, siblings or cousins. [15:43] The more the family champion is supported by the business leadership, the more successful they can be. Effective leadership in the family ownership group is as important as effective leadership in the business. Most family businesses run into problems because of the family, not the business. [19:25] Joshua discusses the governance forum; how the ownership council, the family and the board of directors of the business work together. The family champion supports effective governance by helping the ownership council and family to stay within their boundaries. [23:28] Governance structure may evolve as conditions change. Family champions can help create the governance structure to meet the needs of the family and the ownership council. [24:41] Joshua worked to build a family champion definition, characteristics, vocabulary and framework that can be adapted for each unique family. [26:51] Dennis Jaffe suggested that Joshua should not begin research with preconceived notions, but do research into what people are doing well in common. The things Joshua found emerged as the cornerstones of the book. [30:17] Joshua shares his book recommendation as well as a piece of advice from an advisor to other advisors. [34:06] Steve thanks listeners for taking the time to tune in and invites them to subscribe! Share your thoughts with us at fea@familyenterprise.ca Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada. Family Champions and Champion Families: Developing Family Leaders to Sustain the Family Enterprise, by Joshua Nacht The Art of Gathering: How We Meet and Why It Matters, by Priya Parker   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Many family businesses are facing tough choices as fewer members of the next generation are ready or willing to take over. Martha Sullivan of the Family Business Consulting Group talks about when a sale of the business might be the right choice and also reveals some alternative options.Recorded December 2021Learn more about the Family Business Consulting Group: https://www.thefbcg.com/If you have any feedback or suggestions for future LubeTrends topics, or if you'd like to be a guest on the LubeTrends podcast, contact us at LubeTrends@ilma.org.Website: www.ilma.orgLinkedin:https://bit.ly/3DLxCIRTwitter:https://bit.ly/3yfh8aD

Find out all about generational transfers, valuation metrics for family business, and so much more on this week's Build Value By Choice. Host Nana Bonsu of Infinite Horizons is joined by Amy Wirtz, consultant with The Family Business Consulting Group, specializing in shareholder value enhancement. Hear all about the work Amy does and her advice for exit planning in your business. get your free valuation with Nana here https://bit.ly/get-free-valuation KEY TAKEAWAYS Family businesses only have a 30% success rate through the second generation, 12% through the third generation, and 3% through the fourth generation and beyond. You need a true valuation of your business even if you’re just passing it along to the next generation due to tax laws. Most of the families Amy works with don’t know that your valuation formula or metric can be different for different reason. You should make sure that the valuation of your business and the next steps for the business aren’t a surprise to your family in the event of an unexpected death. You should make these things readily available to your family, updating them as and when. CEOs are often not getting advice before they go to board meetings and get grilled on why they're not getting the expected ROI. Some of the most successful family businesses change what they do. The world changes so your business must be able to do that too. BEST MOMENTS ‘The issues of sweat equity and taxation drive how we define how we’re going to value a business’ ‘Waiting until after your dead until after you’re dead for your family to find out what happens to your business is cowards’ ‘Good shareholder stewardship must involve knowledge of value’ 'We no longer count liquidity as failure’ EPISODE RESOURCES https://infhorizons.com/ Leave a comment or question on the Build Value By Choice Facebook community page Buy-Sell Agreements for Closely Held and Family Business Owners by Z. Christopher Mercer Getting Things Done by Dave Allen https://www.thefbcg.com/ Wirtz@thefbcg.com ABOUT THE GUEST Amy Wirtz is a consultant with The Family Business Consulting Group specializing in shareholder value enhancement, business planning processes, and transition implementation of management, leadership or ownership of a business. Her passion stems from growing up in her grandparents’ second-generation business, surrounded by the wonderfully complex matters a family business presents. Amy brings a diverse range of experience to family enterprises by serving in various roles such as an exit-planning advisor, collaborative lawyer, mediator, arbitrator, lecturer, and teacher. While no longer practicing law, today Amy focuses on providing creative solutions to family business engagements and presenting to relevant audiences. She also helps business owners use their advisors as a resource team to create optimal value. Amy serves on the Advisory Board for NewComer Farms located in Bryan, Ohio; M&D Farms located in Napolean, Moore Industries in Montpeliar, OH, and Neal’s Design in Cincinnati, OH. She frequently speaks on the topic of business succession at conferences including the Jellystone Symposium (2019,2018); Association of RV Parks and Campgrounds National Conference...

Introduction Welcome to Let's Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.   All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.   Description Ruth Steverlynck sits down with Gaia Marchisio and Wendy Sage-Hayward to discuss their soon-to-be released book, Own It: How to Develop an Owner's Mindset at Every Age, co-authored alongside Barbara Dartt. Wendy and Gaia share why they wrote this book, what readers will learn, who will most benefit from reading it, as well as key learnings they each had during its development.   Guest bio Wendy Sage-Hayward is the co-founder of SAGE Leadership Advisers Inc., a Vancouver-based leadership coaching and consulting company. She has 20+ years of experience in rebuilding and strengthening leadership and family teams to help them function as effective stewards of their business and family enterprise. She specializes in the “tough” cases such as derailing executives and business families in high conflict. Wendy earned a Master's degree in Counselling Psychology at the University of British Columbia.   You can find out more about Wendy Sage Hayward on the Sage Advisors website, the Family Business Consulting Group and her LinkedIn.   Gaia Marchisio is a tenured Associate Professor of Management at the Coles College of Business at Kennesaw State University (GA, USA), and Executive Director of the Cox Family Enterprise Center. Gaia brings a unique combination of knowledge and experience from the fields of strategic management, behavioral science and entrepreneurship to her work with family businesses, combined with a growing expertise in family dynamics and conflict management.   You can find out more about Gaia Marchisio on the Family Enterprise Foundation website and her LinkedIn.   Key Takeaways [0:26] Ruth Steverlynck welcomes Wendy Sage-Hayward and Gaia Marchisio to the podcast to discuss their latest book, Own It! Both guests share their diverse backgrounds.   [5:38] Ruth shares an interesting road trip story that involves all of today's guests. She asks Gaia and Wendy what their individual impetus for writing the book was.   [8:11] Wendy speaks to the things she wishes she'd known when she became an owner in her family business and all of the things she had to learn while unprepared.   [14:12] Gaia shares how, in light of her introduction story, she began to work and study in the field of getting next generations ready for taking over.   [16:48] When it comes to next generation successors, Gaia opens the conversation on the three common struggle categories the book tackles as well as where these difficulties originate and how to best manage them.   [21:49] This is a book about education and growth. Gaia touches on who she believes the primary audience to be.   [24:46] There are common blind spots when it comes to running a family enterprise. Wendy shares a few of them, why they tend to occur and how collective learning can help mitigate most of them.   [28:52] Reflecting on ownership and stewardship is critical. Wendy shares some of the most profound questions families need to answer in order to pursue generational success.   [31:46] Gaia talks about what writing this book has meant to her in terms of deepening her understanding of belief systems and the sharing mindset.   [36:00] Wendy developed tremendous respect for diversity and a profound understanding of how complex the concept of ownership really is.   [38:46] Gaia and Wendy each share their piece of advice for other advisors as well as their reading recommendations. [48:08] Ruth thanks Wendy and Gaia for joining the podcast and sharing their experience and expertise with the audience. Listeners, please subscribe!   Share your thoughts with us at fea@familyenterprise.ca   Mentioned in this episode The Let's Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.   Books: Own It!: How to Develop a Family Enterprise Owner's Mindset at Every Age, by Wendy Sage Hayward and Gaia Marchisio Preparing Successors for Leadership: Another Kind of Hero, by Craig E. Aronoff and John Ward The Voice of the Rising Generation: Family Wealth and Wisdom, by James E. Hughes Jr. Boundaries in Human Relationships: How to Be Separate and Connected, by Anne Linden   More about Family Enterprise Canada Family Enterprise Canada (FEC) FEC on Facebook FEC on Twitter FEC on LinkedIn

Richa Singh shares on Best Practices on Family Governance About: Richa is an affiliate consultant with The Family Business Consulting Group, specializing in conflict resolution, communication, organizational behavior and human resources. Her experience includes educating and creating awareness amongst business families, facilitating family meetings, designing structures and creating and implementing family charters. Richa started her work as a family business consultant in India — a growing economy and hub for big and small family businesses. As an advisor to many families over 11 years, Richa gained an immense but humbling understanding of the intricacies of an enterprising family, its unique characteristics, and the art and science of family governance. LinkedIn: linkedin.com/in/richa-singh-831396b1

This episode features an engaging dialogue with one of the leading practitioners in family enterprises, Kristi Daeda. Kristi is President of FCBG, a leading private consultant for some of the world's most sophisticated clients. Kristi is involved in family and corporate governance, family enterprise education, and knowledge development and research on family enterprise topics. Prior, Kristi held management roles in e-commerce, insurance, and hospitality, with a focus on leadership and people development, and as an independent consultant and coach to senior executives. Kristi is a member of the Family Firm Institute where she has contributed to their publication, The Practitioner, and has served on steering committees for the Family Wealth Alliance and the Private Directors Association national board.

Joshua Nacht shares on Conflict, Consensus and Collaboration in Family Business. About: Joshua Nacht is a senior consultant with The Family Business Consulting Group, and works with business families to leverage their strengths by focusing on effective governance, communication, and transitions. He is adept at working with multigenerational families to integrate diverse perspectives and create strong ownership groups by developing structured plans for continuity. Drawing up a complementary mix of experiences from his roles as a consultant, steward, and scholar to family enterprises, Joshua connects well with people, and he highly values the collaborative relationships and trust that are built in his work with business families. He is an active family business owner and served as a married-in, third generation family member on the Board of Directors of the 75-year old Cleveland based Bird Technologies. In addition, he is a second-generation owner of a real estate development and management company in Edwards, Colorado. Joshua is an active collaborator and thought leader in the field and is a co-author of numerous articles. He has presented on a range of issues including next-generation leadership development, having multiple roles, incorporating married-ins, and creating generational cohorts. His new book Family Champions and Champion Families explores the value of family leaders in creating enduring business family success. In 2015, he earned a Ph.D. in Organizational Systems with a focus on family-enterprise. Joshua's dissertation research, “The Role of the Family Champion” investigated leadership within the ownership group of business families and won the “Best Dissertation Award” from the Family Firm Institute in 2016. Prior to his doctorate, Joshua led wilderness skills trips and worked as a counselor with individuals and families. Joshua lives in Lyons, Colorado where he enjoys cooking, listening to music, mountain biking, and nature excursions with his children. Specialties Governance and Family Council Facilitation Independent Director Searches Next Generation Leadership Development Ownership Group Development Strategic Transition Planning Communication and Teambuilding Honors and Memberships Received the 2016 Best Doctoral Dissertation Award from the Family Firm Institute, Inc. that recognizes outstanding academic achievement in the field of family business study. Family Firm Institute Certificate in Family Business Advising Education Joshua earned a Master's Degree in Counseling Psychology in 2007 and worked for five years as a professional counselor with individuals, groups, and families. He also led wilderness skills trips. In 2015, he earned a Ph.D. in Organizational Systems at Saybrook University with a focus on family-enterprise. Joshua's dissertation research, “The Role of the Family Champion,” investigated leadership within the ownership group of business families.

David Karofsky is the Principal in The Family Business Consulting Group, Inc. FBCG consultants are dedicated experts in the field, with strong educational, research, and practical experience with challenges and opportunities common to family businesses.David's work has been focused on building alignment around communication, executing the transition of ownership and leadership.You can reach David Karofsky at The Family Business Consulting Group. You can also email him directly at krofsky@thefbcg.com.To find out more about Disruptive Successor Podcast and Jonathan Goldhill, please visit the Disruptive Successor website at www.DisruptiveSuccessor.com.

How can a family business grow and prosper and successfully transfer from one generation to the next while at the same time avoiding blow-ups and other situations that make for really awkward family get togethers? Join host Hanna Hasl-Kelchner as she welcomes family business expert, Dr Stephanie Brun de Pontet who can tell you how. WHAT YOU'LL DISCOVER ABOUT FAMILY BUSINESS: The most common first generation family business challenges. Which should come first, business or family? Why it's important to manage a family member's sense of entitlement. Distinguishing the rights and duties of family business owners who don't work in the business from those that do. Why pay objectivity is more important than pay parity among family working in the family business. The quintessential family business succession challenge. Why next generation leaders must be empowered to adjust leadership styles. And much MORE. GUEST:  http://www.thefbcg.com/brundepontet/ (Dr. Stephanie Brun de Pontet), holds a PhD and is a senior consultant of http://thefbcg.com (The Family Business Consulting Group, Inc.), specializing in advising family enterprises facing important transitions. She has extensive experience working with sibling teams. She also develops training programs to educate next generation family members. A recognized expert on the topic of succession, Stephanie frequently collaborates with clients on key aspects of this process, such as establishing succession plans, drafting needed policies and governance structures, and building a framework for next-generation collaborations.  Her work is driven by knowledge and experience from the fields of management, entrepreneurship and psychology. In addition to her consulting work, Stephanie is the co-author of 2 books, http://www.amazon.com/gp/product/0230111548/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0230111548&linkCode=as2&tag=businconfinow-20&linkId=I64P2O5RRBIBXNBG">Building a Successful Family Business Board: A Guide for Leaders, Directors, and Families (A Family Business Publication) (Building a Successful Business Board) and also http://www.amazon.com/gp/product/B00ROPYDIY/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B00ROPYDIY&linkCode=as2&tag=businconfinow-20&linkId=SDQ4IB4VQCGDNH4Q">Siblings%20and the Family Business: Making It Work for Business, the Family, and the Future by Brun de Pontet, Stephanie, Aronoff, Craig E., Mendoza, Drew [Palgrave Macmillan, 2012] 2nd Edition [Paperback] (Paperback) (Siblings and the Family Business.) Stephanie's passion for helping families extends beyond the family business. She serves on the Board of Kate's Club, an Atlanta non-profit whose mission is to empower children and teens after the loss of a parent or a sibling. RELATED RESOURCES:http://www.thefbcg.com/brundepontet/ (Contact ) Stephanie and connect with The Family Business Consulting Group on https://www.linkedin.com/company/2700653 (LinkedIn), https://www.facebook.com/FamilyBusinessConsulting (Facebook). Plus read their insightful http://blog.thefbcg.com/ (blog articles). SUBSCRIBE, RATE AND REVIEW:Subscribing is easy and lets you have instant access to the latest tactics, strategies and tips.  Rating and reviewing the show helps us grow our audience and allows us to bring you more of the information you need to succeed from our high powered guests. Download ♥ Subscribe ♥ Listen ♥ Learn ♥ Share ♥ Review ♥ Enjoy