Episode 66: Planning Your Family Business’ Path to Long Term Success with Pete Walsh, Master Coach, with the Family Business Performance Center in Peoria, Arizona

Our guest today is Pete Walsh, Master Coach, with the Family Business Performance Center in Peoria, Arizona. Pete spent 16 years working in his 89-year-old family business and knows firsthand the challenges most family businesses face.

Today Coach Pete provides honest and objective feedback that helps families work better together as high-performing teams and reach new levels of success.

In this episode of Family Business Today, you will learn:

• What some of the most common obstacles family business leaders face

• How should next gens answer the question “Is the family business the right place for me?”

• Are there family situations that are irreconcilable?

• How coaching is different from counseling or consulting

• Trends that are helping or hurting business transitions to the next generation

• And more…

Pete Walsh is the author of Family Business Playbook, Your Family’s Path to Long-Term Success. To get your copy, visit Family Business Playbook. To learn more about Family Business Performance Center, visit their website at Family Business Performance Center.

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 a Family Business…. We Know!

Episode 65: What is the Role of Spouses in a Family Business? with Sara B. Stern

Our guest today is Sara B. Stern. Sara is a Certified EOS Implementer with EOS Worldwide focused on multigenerational family businesses.

As the former director of the Family Business Center at the University of St. Thomas, trained coach and Certified EOS Implementer, Sara works exclusively with a limited number of family business leaders who want to maximize the impact they have on their companies, families, and communities.

 In this episode of Family Business Today, we will share:

• How to decide on an appropriate, constructive role for you as a spouse in your family business.

• How you can help your spouse keep boundaries between family and business as clear as possible.

• What role a spouse should take when dealing with sibling rivalries and parent/child disputes in your business.

• What should a spouse consider before joining their spouse in the family business.

• And more…

You can find Sara B. Stern’s book, Married to the Family Business: A Handbook for Spouses of Family Business Owners, at Amazon.com, and to learn more about Sara and her business, visit her website at Sara B. Stern.

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 a Family Business…. We Know!

Episode 62: The Soul of Family Business; Creating and Preserving a Truly Healthy Family in Business with Tom Hubler, Hubler for Business Families

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 relationships

In this episode of Family Business Today, Tom will share:

• The importance of family values, love, and heritage in building a strong family business

• What 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 process

• What 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!

Episode 58: Combining Irish and German Approaches to Education of Next Generation Family Business Leaders with Dr. Susan Walsh

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 businesses

• How the college has evolved and provides customized learning on a one-to-one level as the students and world change over time

• That a key to the longevity of Germany family businesses, also known as the Mittelstand, is that they are often specialists in one product

• How early graduates of GBC are seeking continued relationships and character development outside of a traditional degree as they face challenges in their family businesses

• How 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!

Episode 53: Tailoring the Family Business Legacy with John and Daniel Stewart of Stewart Leadership

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 founded

• That the key to family business success is to recognize the strengths of every individual and capitalize on them

• That effective leadership is directly related to the strength or weakness of relationships

• That the most important element in transitioning a family business to the next generation is passion for the business

• How 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!

Episode 44: Arranged Careers: When the Family Business Isn’t Always the Right Fit for You with Dr. Michael Klein

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 business

• What it means to be trapped in your family business and how people become trapped

• That his book is not only about “escaping” from the family business but about how to have difficult conversations while maintaining relationships

• How parents and children can balance their needs with the needs of the family business

• The importance of having the tough conversations about your place in the family business even when the issues seem small

• And 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!

Episode 37: Seeing the Blind Spots when Planning a Family Business Transition with Peter Bloom, The Bloom Group

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 plan

• The role family history, culture, relationships and individual personalities play in planning a successful transition

• Why Transition Planning is a Process and not an Event

• Key communication steps that family business owners should take in planning a transition

• Why creating a legacy is so important to family business owners

• And 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!