The Family Business Podcast

SummaryIn this episode of the Family Business podcast, Tom McCullough and Keith Whitaker discuss their book, The Wealth of Wisdom. They share their backgrounds and how they came to collaborate on the book. The second version of the book focuses on providing practical tools and exercises for families to enhance their communication and address important topics. One chapter highlights a family self-assessment tool that helps families evaluate their situation and identify areas for improvement. Another chapter introduces a three-step process for enhanced communication, which can be used by couples or siblings to address differences and find common ground. The book is accessible to multiple generations and encourages open dialogue within families. The conversation explores the themes and family discussions, the power of framing issues, generational collaboration in philanthropy, intergenerational dialogue, and the simplicity of tools for productive conversations. TakeawaysThe Wealth of Wisdom provides practical tools and exercises for families to enhance their communication and address important topics.The book includes a family self-assessment tool that helps families evaluate their situation and identify areas for improvement.A three-step process for enhanced communication is introduced, which can be used by couples or siblings to address differences and find common ground.The book is accessible to multiple generations and encourages open dialogue within families.Chapters00:00 Introduction and Background09:19 Collaboration on the Book16:46 Approach to the Second Book27:14 Chapter on Family Self-Assessment Tool37:57 Chapter on Three-Step Process for Enhanced Communication46:18 Accessibility for Multiple Generations48:21 Subversive Books and Family Discussions49:22 The Power of Framing Issues50:50 Generational Collaboration in Philanthropy54:15 Intergenerational Dialogue59:31 Simplicity of Tools for Productive Conversations01:00:29 Clarification on the Books

SummaryIn this episode, Dave Goetz and Melissa Parks discuss the importance of capturing and sharing family stories. They highlight the reasons why families choose to tell their stories, such as passing on values and creating a family culture. The guests emphasize the need for families to identify their purpose and why before embarking on a storytelling project. They also discuss different types of family stories, including founder stories and multi-generational stories. The guests explore the concept of voice in storytelling and the importance of selecting the right format for capturing the family story. They also address the challenges of navigating different versions of the same story and the rules and considerations for sharing family stories. In this conversation, Dave Goetz and Melissa Mitchell-Blitch discuss the importance of family stories and how to capture and preserve them. They emphasize the need for hope and tension in storytelling, as well as the importance of protecting identities in family stories. They also discuss the time commitment required for family story projects and the value of taking the time to do it right. They highlight the need for support from trusted advisors and professionals in the storytelling process. Overall, they emphasize the significance of capturing family stories to help future generations understand the values of the family.TakeawaysCapturing and sharing family stories is important for passing on values and creating a family culture.Families should identify their purpose and why before starting a storytelling project.Different types of family stories include founder stories and multi-generational stories.The voice of the family story depends on the chosen format and the desired tone.Considerations for sharing family stories include obtaining consent from individuals involved and being discerning about which stories to include. Family stories should have a balance of hope and tension to make them compelling.When telling family stories, it's important to protect the identities of individuals who may not want to be included.Family story projects typically require a time commitment of nine months to one year.Taking the time to properly plan and execute a family story project is crucial for creating a meaningful and impactful result.Finding the right support, such as trusted advisors and professionals, can help ensure the success of a family story project.Writing a compelling family story can be challenging, and hiring professionals with storytelling expertise can be beneficial.Trusted advisors who understand the dynamics of family relationships are essential for guiding and supporting family story projects.To get in touch with Dave and Melissa for assistance with family story projects, visit their website or email them directly.Chapters00:00 Introduction03:00 The Importance of Family Stories09:05 Reasons for Telling Family Stories12:25 Identifying the Purpose of Capturing the Family Story15:20 Different Types of Family Stories20:43 Determining the Voice of the Family Story25:22 Exploring Different Formats for Capturing the Family Story33:49 Navigating Different Versions of the Same Story41:29 Rules and Considerations for Sharing Family Stories50:53 The Purpose of Family Stories51:53 Protecting Identities in Family Stories53:01 Time Commitment for Family Story Projects54:39 Taking the Time to Do It Right56:38 The Value of Capturing Family Stories57:45 Finding the Right Support for Family Story Projects59:59 The Difficulty of Writing a Compelling Story01:02:13 The Importance of Trusted Advisors01:04:01 How to Get in Touch with Dave and Melissa

SummaryIn this episode, Bill Stranberg discusses the readiness of family businesses to hire non-family executives. He shares his own experience growing up in a family business and highlights the distinct challenges that families face in executive recruitment. Bill emphasizes the importance of addressing the readiness of both the family and the business before making a senior executive hire. He provides case studies to illustrate the potential risks and conflicts that can arise when these factors are not considered. Bill also discusses the need for clear job descriptions and expectations to ensure a successful hiring process. This conversation explores the challenges and strategies involved in managing talent in family-owned businesses. The discussion highlights the importance of employee loyalty and the potential neglect of operational hygiene in long-term relationships. It emphasizes the need for clarity in decision-making and cultural fit when bringing in new senior executives. The conversation also addresses the concerns of legacy employees and the importance of incorporating their feedback. Finally, it emphasizes the significance of defining and living the mission, vision, and values of the business.TakeawaysAssess the readiness of both the family and the business before making a senior executive hire.Address the unique challenges that family businesses face in executive recruitment.Include all relevant stakeholders in the decision-making process and ensure clear communication.Define job responsibilities, success metrics, and compensation to align expectations and reduce the risk of a failed hire. Employee loyalty is a common trait in family-owned businesses, but it can lead to neglect of operational hygiene.Clarity in decision-making and cultural fit are crucial when bringing in new senior executives.Legacy employees may feel uncomfortable with new hires and changes in authority.Creating channels for employee feedback and addressing concerns can help mitigate conflicts.Defining and living the mission, vision, and values of the business is essential for effective talent management.Chapters00:00 Introduction and Background08:35 When Do Family Businesses Seek Support in Hiring Executives?16:24 Exploring Readiness to Bring in a Senior Executive21:21 Helping Families Explore Their Readiness32:18 Preparing the Business and the Person Being Hired43:16 The Importance of Clarity and Communication49:34 Employee Loyalty and Operational Hygiene51:22 Clarity in Decision-Making and Cultural Fit52:56 Legacy Employees and New Hires55:18 Conflict Triangle and Employee Feedback58:08 Defining Mission, Vision, and ValuesSupport the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs...

SummaryIn this two part episode, the guests discuss the considerations and communication strategies involved in a family business deciding to sell their business. They emphasize the importance of open and proactive communication within the family system, as well as with external shareholders and the C-suite. The guests also highlight the significance of early planning for the post-sale phase, including identifying purpose and impact beyond the business. They stress the need to address potential regrets and ensure a smooth transition to life after the sale. This conversation explores various aspects of transitioning from a family business to a family office. The speakers discuss the importance of understanding one's skills and talents and how they can translate into new domains. They emphasize the need for careful planning and decision-making, as well as the potential challenges of sudden wealth. The speakers also highlight the value of collaboration and a holistic approach, considering both individual and collective philanthropy. They stress the significance of exploring purpose and impact beyond the sale of the business and the importance of capturing family stories and history.TakeawaysOpen and proactive communication is crucial within the family system and with external stakeholders during the decision-making process and after the sale.Early planning for the post-sale phase, including identifying purpose and impact beyond the business, is essential.Considerations for each group of stakeholders, such as family members who own the business but don't work in it, should be taken into account.Avoiding regret of selling the business involves understanding personal goals and needs, planning for the day after the sale, and addressing emotional and financial aspects.Preparing for life after the sale includes exploring new opportunities, seeking professional advice, and maintaining open-mindedness. Understand your skills and talents and how they can translate into new domains.Take time to plan and make wise decisions, avoiding impulsive actions.Consider the merits of earnouts as part of a transition.Explore individual and collective philanthropy, finding the right balance.Start early with transition planning and engage in open and honest family conversations.Blend for-profit and non-profit activities to create a unified approach.Capture family stories and history to preserve legacy and values.Chapters00:00 Introduction and Guest Introductions04:03 Considerations in Family Discussions Leading to the Decision to Sell08:24 The Role of Philanthropy and Impact in the Sale Process11:16 Importance of Communication within the Family System17:36 Effective Communication with External Shareholders and C-Suite21:52 Considerations for Each Group of Stakeholders27:29 Effective Communication Internally and Externally36:39 Avoiding Regret of Selling the Business42:21 Preparing for Life After the Sale52:56 Understanding Skills and Talents55:31 Transitioning to a Family Office56:24 Managing Sudden Wealth57:18 Taking Time to Plan58:41 Dealing with External Pressure59:30 Hiring the Right Expertise01:00:02 Avoiding Impulsive Decisions01:01:24 The Merits of Earnouts01:04:01 Exploring What's Next01:05:02 Collaboration and Holistic Approach01:08:38 Discovering Purpose and Impact01:11:15 Balancing Individual and Collective Philanthropy01:19:36 Transitioning Identity and Purpose01:23:22 Exploring Family Dynamics01:29:11 Start Early with Transition Planning01:32:05 Blending For-Profit and Non-Profit01:35:29 The Power of Storytelling and Family History

SummaryIn this two part episode, the guests discuss the considerations and communication strategies involved in a family business deciding to sell their business. They emphasize the importance of open and proactive communication within the family system, as well as with external shareholders and the C-suite. The guests also¶. They stress the need to address potential regrets and ensure a smooth transition to life after the sale. This conversation explores various aspects of transitioning from a family business to a family office. The speakers discuss the importance of understanding one's skills and talents and how they can translate into new domains. They emphasize the need for careful planning and decision-making, as well as the potential challenges of sudden wealth. The speakers also highlight the value of collaboration and a holistic approach, considering both individual and collective philanthropy. They stress the significance of exploring purpose and impact beyond the sale of the business and the importance of capturing family stories and history.TakeawaysOpen and proactive communication is crucial within the family system and with external stakeholders during the decision-making process and after the sale.Early planning for the post-sale phase, including identifying purpose and impact beyond the business, is essential.Considerations for each group of stakeholders, such as family members who own the business but don't work in it, should be taken into account.Avoiding regret of selling the business involves understanding personal goals and needs, planning for the day after the sale, and addressing emotional and financial aspects.Preparing for life after the sale includes exploring new opportunities, seeking professional advice, and maintaining open-mindedness. Understand your skills and talents and how they can translate into new domains.Take time to plan and make wise decisions, avoiding impulsive actions.Consider the merits of earnouts as part of a transition.Explore individual and collective philanthropy, finding the right balance.Start early with transition planning and engage in open and honest family conversations.Blend for-profit and non-profit activities to create a unified approach.Capture family stories and history to preserve legacy and values.Chapters00:00 Introduction and Guest Introductions04:03 Considerations in Family Discussions Leading to the Decision to Sell08:24 The Role of Philanthropy and Impact in the Sale Process11:16 Importance of Communication within the Family System17:36 Effective Communication with External Shareholders and C-Suite21:52 Considerations for Each Group of Stakeholders27:29 Effective Communication Internally and Externally36:39 Avoiding Regret of Selling the Business42:21 Preparing for Life After the Sale52:56 Understanding Skills and Talents55:31 Transitioning to a Family Office56:24 Managing Sudden Wealth57:18 Taking Time to Plan58:41 Dealing with External Pressure59:30 Hiring the Right Expertise01:00:02 Avoiding Impulsive Decisions01:01:24 The Merits of Earnouts01:04:01 Exploring What's Next01:05:02 Collaboration and Holistic Approach01:08:38 Discovering Purpose and Impact01:11:15 Balancing Individual and Collective Philanthropy01:19:36 Transitioning Identity and Purpose01:23:22 Exploring Family Dynamics01:29:11 Start Early with Transition Planning01:32:05 Blending For-Profit and Non-Profit01:35:29 The Power of Storytelling and Family HistorySupport the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some...

SummaryIn this episode, Fiona Graham discusses the rebranding of Family Business UK and their focus on advocacy and policy. She highlights the key areas in their 2024 manifesto and the importance of long-term planning for family businesses. Fiona also shares insights from Family Business Week and previews the upcoming annual conference, which will focus on people and the challenges faced by family businesses. In this conversation, Russ and Fiona discuss the importance of family businesses and the challenges they face. They delve into topics such as succession planning, governance, communication, and collaboration. They also highlight the need for support and resources for family businesses. The conversation concludes with a call to action for listeners to get involved and learn more about Family Business UK.TakeawaysFamily Business UK has rebranded to become a movement for family businesses, focusing on advocacy and policy.Their 2024 manifesto highlights key areas such as people, growth, and ownership, with a focus on long-term planning and support for family businesses.Family Business Week celebrates the achievements and future leaders of family businesses, emphasizing the importance of peer networks and mentorship.The upcoming annual conference will explore the challenges faced by family businesses, including people issues, skill development, and non-family involvement. Family businesses play a vital role in the economy and society.Succession planning and governance are crucial for the long-term success of family businesses.Effective communication and collaboration within the family and the business are essential.Family businesses need support and resources to overcome challenges and thrive.Chapters00:00 Introduction and Rebranding03:03 Focusing on Advocacy and Policy08:26 The 2024 Manifesto10:17 Key Areas in the Manifesto19:10 Budget and Election Year28:49 Highlights of Family Business Week34:19 Upcoming Annual Conference02:00 The Importance of Family Businesses10:00 Challenges Faced by Family Businesses20:00 Succession Planning and Governance30:00 The Role of Communication and Collaboration40:00 Supporting Family Businesses47:00 Conclusion and Call to ActionSupport the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

The podcast is back! In this short trailer I give you an overview of upcoming episodes. There are six new episodes in this series. 1 - Family Business UK 2 - Selling the Family Business Pt.1 3 - Selling the Family Business Pt.2 4 - Are you ready to employ Non Family Execs?5 - The importance of Storytelling 6 - Wealth of Wisdom I'd love to hear from you as to the topics that are impacting you and that you would like me to cover in future series. As ever if I can be of assistance, please get in touch Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

Regular listeners of the show will be familiar with all of my guests on this weeks show. I am joined by Jim Grubman, Denis Jaffe and Kristin Keffeler as they discuss their new book - Wealth 3.0 - The Future of Family Wealth Advising. In this episode we cover some of the key areas of focus within the book and what it means for families of wealth and in particular those that advise them. This episode is a special collaborative episode with The Ultra High Net Worth Institute in preparation for the launch of their very own podcast later this year. I will keep you all updated on that as and when we approach release date. If you are unfamiliar with the the work that the Institute does I highly recommend that you check out their website: https://www.uhnwinstitute.org/All four of the speakers on the show are involved in the Institute and we are all very strong advocates for the thought leadership that comes from the Institute, the events that they run and the opportunity for individuals or firms across the globe to contribute to the future of wealth advising for UHNW families. Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

So this is just a really quick show to let you know that I am launching a new show with my colleague and friend, Martin Stepek. The show is called The Mindful Family Business and will look at how you can apply the teachings of mindfulness to your family business. The new show is launching today and will feature on this feed for a limited time. After a certain time I will remove them from this feed but you will still be able to listen by subscribing wherever you get your podcasts. You can also find out more by visiting - www.familybusinesspartnership.com/mindful

In this two part interview with Dennis Jaffe, Ken McCracken, Daniel Trimarchi and Stacy Allred we explore the topics covered in the white paper that they have co-authored. The collaboration is an example of the work being undertaken via the Ultra High Net Worth Institute (www.uhnwinstitute.org). The white paper covers three key elements of transition planning1 - Rethink 2 - Rebalance3 - Re-invent Through this discussion we explore each of these areas and gain insights from the guests on some of the key areas of this ever present topic within family business and family enterprise. You can read the paper here: https://www.uhnwinstitute.org/reimagining-family-business-transitions-rethinking-rebalancing-reinventing/Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

In this two part interview with Dennis Jaffe, Ken McCracken, Daniel Trimarchi and Stacy Allred we explore the topics covered in the white paper that they have co-authored. The collaboration is an example of the work being undertaken via the Ultra High Net Worth Institute (www.uhnwinstitute.org). The white paper covers three key elements of transition planning1 - Rethink 2 - Rebalance3 - Re-invent Through this discussion we explore each of these areas and gain insights from the guests on some of the key areas of this ever present topic within family business and family enterprise. You can view the paper here: https://www.uhnwinstitute.org/reimagining-family-business-transitions-rethinking-rebalancing-reinventing/ Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

In this episode of the show I discuss three common myths that are often thrown at family businesses as rules or facts in order for them to act to avoid becoming a statistic themselves. The first myth is that around the number of family businesses making it to the third generation and what the often cited statistics are actually related to. We then look at the shirtsleeves to shirtsleeves myth, which has been around far longer than the statistics about succession, but is equally as unreliable as the stats. I also cover the common statement that "all you need is Governance" and highlight why I believe that in fact the discussions around the issues that can lead to governance are far more valuable than governance itself. Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

In this episode I am joined by Fiona Graham from the Institute for Family Business as we discuss Family Business Week, some interesting research that will shortly be published and we debunk the myth that family businesses are old fashioned, “Mom and Pop Shops”.We also explore the contribution that family businesses make to the UK and global economies and discuss the topics that have been front of mind for family businesses on the recent IFB Tour!Useful LinksYou can find out more about the IFB and their work by heading over to their homepageYou can follow Fiona on Twitter here: https://twitter.com/FionaVGraham and email her, Fiona.Graham@ifb.org.uk. Her Linked In profile is https://www.linkedin.com/in/fiona-graham-6b2a802a/You can find out more about Family Business Week by heading over to https://www.familybusinessweek.co.uk/ and make sure you get involved by sharing your stories and celebrating your success. Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

I am joined on this show by Kristin Keffeler as we discuss the myth of the silver spoon. This happens to be the title of Kristin's excellent new book which you can find out more about hereIn this really engaging conversation with Kristin we hear about her own story of growing up in a wealthy family.Kristin discusses how our relationship with wealth is not the same as our relationship with money and that there are various forms of clutter that, if we can address, we can transform those relationships and become our true selves.Useful Links You can find out more about Kristin by connecting with her on Linked In or by visiting her homepage hereSupport the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

In this episode of the show I am joined by Dr Jim Grubman as we discuss an article he has written for International Family Offices. In this article he explores the so called "70% Rule". This "rule" states that 70% of wealth transfers globally, fail. In the show Jim highlights which studies, evidence and statistics went in to the publication of the "rule" and why it is essential for practitioners and the families that we serve to ensure that we are not repeating so called "rules" as a marketing or fear tactic. We also look at what can be done in the future to ensure we are using accurate, robust and sufficiently well diversified research criteria to understand patterns rather than to create rules or myths that can be misleading. Useful LinksThe articles that Jim references in the show can be found on his home page http://www.jamesgrubman.com/ or you can directly download the article using this link Jim also references an article that he write for The Practitioner, a publication from The Family Firm Institute (FFI). You can access that article hereSupport the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

Well, it has been a while since I hit record on my laptop but I am back with a new series of the show that is focussing on some of the common myths that exist within the world of family business and in particular when 'marketing' to family businesses. Joining me in this series are Dr Jim Grubman, Kristin Keffeler and Fiona Graham as we look at the following: The 70% Rule Myth The Myth of the Silver Spoon The Myth that family businesses are old fashioned, andThe Shirtsleeves to Shirtsleeves myth Over the next week I will be publishing these episodes. As I mention in this preview if you are able to support the show, that would be awesome. There is a link below that explains more. Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

Welcome to this special bonus episode of the show. This follows an incredible week spent in the US with Jamie and Maureen Kelley from Bank of Oklahoma, or BOK Financial. Jamie and I attended and spoke at the brilliant Purposeful Planning Institute Rendezvous conference in Denver and then spent some time with Maureen and her team along with some clients. We wanted to share with you this experience and the benefits that can come from collaboration amongst professionals. As we embrace the age of Wealth 3.0 it is more important than ever to focus on the human connections with our clients. We mention in this show an episode recorded with Dr Jim Grubman, Dr Dennis Jaffe and Kristin Keffeler on the topic of Wealth 3.0. That episode can be found here: https://fambizpodcast.com/wealth/ You can contact Maureen via email at: MKelley@bokf.com and you can get in touch with Jamie or I at hello@questforlegitimacy.comThe Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon and Barnes and Noble. It will also be available in book stores. You can follow these links to order the book: Amazon USA Amazon UK Barnes and Noble If you would like to speak to us about a bulk order for your family, your clients or team members please email us: hello@questforlegitimacy.com  Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

We conclude our series looking at the ground-breaking research called The Quest for Legitimacy. This research spoke with rising gen family members from around the globe and asked them to share their experiences of growing up in "The Land of Giants". In this episode Jamie and I discuss the importance of humanising the giants in our lives to allow us to be able to walk in the land of giants. The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon and Barnes and Noble. It will also be available in book stores. You can follow these links to order the book: Amazon USA Amazon UK Barnes and Noble If you would like to speak to us about a bulk order for your family, your clients or team members please email us: hello@questforlegitimacy.com  Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

As we continue our look at The Quest for Legitimacy research Jamie and I explore what is referred to in the book at "Breaking Moments". What are they?What do they feel like? Why are they important? We then discuss what liminality is and how we are all currently living through a period of liminality. The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon and Barnes and Noble. It will also be available in book stores. You can follow these links to order the book: Amazon USA Amazon UK Barnes and Noble If you would like to speak to us about a bulk order for your family, your clients or team members please email us: hello@questforlegitimacy.com  Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

In this episode we delve much deeper into The Quest for Legitimacy and explore the four phases. In particular we look at examples from the research that highlight how the phases feel and are experienced. We discuss the fact that the phases are not linear and that at any point in your life you can be taken back into an awareness phase that can lead to opportunities for growth. The four phases of The Quest are: Awareness Tug of War Exploration OwnershipThe Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon and Barnes and Noble. It will also be available in book stores. You can follow these links to order the book: Amazon USA Amazon UK Barnes and Noble If you would like to speak to us about a bulk order for your family, your clients or team members please email us: hello@questforlegitimacy.com  Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now