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Richard Seaman is the author of A Vibrant Vision: The Entrepreneurship of Multigenerational Family Business, and the current Chairman of Seaman Corporation, where he served as CEO from 1976 to 2015. He assumed the leadership role of this family business in 1978 after his father passed away at the young age of 55. Under his leadership, Seaman Corporation, a manufacturer of industrial coated fabrics, grew from $10 million in annual sales to nearly $200 million in sales today. Richard serves as a Trustee of the Burton D. Morgan Foundation, whose mission is to support entrepreneurship and the free enterprise system. In 2012, he was asked by the Governor of the State of Ohio to serve as a Commissioner of the Ohio Third Frontier, a billion-dollar initiative focused on creating innovation and entrepreneurial ecosystem in the state. He is a member of the Young Presidents Organization, the Family Business Network-USA, and a Trustee on the board of the College of Wooster. Richard was recognized as an Honored Life Member of his industry trade organization, the Industrial Fabrics Association International, and was selected as a Wall of Fame Honoree by the Wooster Area Chamber of Commerce. In 2015, Richard was chosen by Ernst & Young as Entrepreneur of the Year in the Family Business category. Richard is an avid skier, sailor, photographer, and tennis player. Richard and his wife, Judy, live in Wooster, Ohio. They and the families of their three children are committed to being active owners and stewards of their family business enterprise. A Vibrant Vision Book Website Seaman Corporation
Richard N. Seaman - Chairman of Seaman Corporation A committed believer in the vitality of entrepreneurship, Richard's career has been focused on the creative development of the business enterprise. His vast experience in a wide range of creative business initiatives across multi-functional disciplines serves as a valuable resource to many business and community involvements. • A successful career in growing his small family-owned business from $2 million in annual sales to greater than $200 million in the challenging industrial fabrics industry. “benchmark other entrepreneurs, both successful and unsuccessful ones. And then develop your long-term strategy. When you are going to start I think you want to decide are you going to create a business that you want to harvest and have an exit strategy for down the road, you want to create a business to be a lifestyle business that funds your lifestyle or do you want to create a business that will leave a legacy. And there is no question in my mind that depending on which of those directions you want to go it will impact the kind of strategic decisions you make about your business all of which will have both short-term and long-term impact on the success of your business”…[Listen for More] Click Here for Show Notes To Listen or to Get the Show Notes go to https://wp.me/p6Tf4b-7Bl
This week’s episode is the final in the three part series with Richard N. Seaman, 2nd Gen Chairman of Seaman Corporation. In the first podcast episode, we learn about the Seaman Corporation’s family business story. The second episode was a BONUS on family philanthropy, and today, we are diving into the Richard’s latest book, A Vibrant Vision: The Entrepreneurship of Multigenerational Family Business. “Addressing your personal, physical, and mental health is one of the greatest gifts you give not only yourself, but to the people who depend on you.” Richard N. Seaman Richard has many lessons learned and wisdom he shares in his new book, A Vibrant Vision. He has lived it all and shares what works and what doesn’t. If you are running, or planning to run, a multigenerational family business, this is the episode (and book!) to check out. We discuss four of the book’s 7 Lessons Learned, including the importance of innovation, human and resource management, and strategic and business planning. We end with why “Nourishing Your Spirit” is the best chapter in the book. Show notes: https://successfulgenerations.com/episode083/