Our guest today is Dave Specht. Dave currently serves as the Director of the Global Family Business Institute at The Drucker School of Management. He is an ambassador for the family-owned business, and he gives keynote speeches and develops programs on topics related to family business. He is the author of The Family Business Whisperer and has a consulting firm called Advising Generations. Prior to his role as director, he developed the Family Business Management program at the University of Nebraska and served as National Development Manager for the Family Dynamics Program at Wells Fargo Private Bank. Most importantly, he is a husband and father to 6 children.
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…
To find Dave’s book, The Family Business Whisperer, and start asking yourself and your family business members critical questions visit Amazon.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!