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Episode 61

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Published on:

12th Jul 2019

4:00am

Ep. 61 - The Three Elements of Succession

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Succession Planning (or continuity planning!) is such a broad topic and as such it can be intimidating and very easy to put off. In this episode I speak with Daniel Trimarchi and we break down the three core elements of succession / continuity planning in a family business. 

 

Daniel Trimarchi is a Senior Manager and Family Business specialist with KPMG, at the time of recording he was about to embark on a role with KPMG in Canada, but before he left we grabbed some time to discuss the three main elements of succession or continuity planning.  

 

Daniel can be found on Linked In here: www.linkedin.com/in/dtrimarchi

 

You can also find out more about the work of KPMG here:  www.kpmg.com/familybusiness

Episode 60

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Published on:

5th Jul 2019

5:00am

Ep. 60 - State of the Nation Report

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The Family Business sector in the UK contributes more than the annual budget for the NHS each year. Their importance cannot be under-stated and the IFB have produced a report that highlights the trends and challenges facing family businesses today. 

 

In this episode I speak to Fiona Graham of the Institute for Family Business about the findings in the report and what family businesses can learn from these findings. 

 

Fiona Graham is the IFB Director of External Affairs and Policy. She is responsible for leading the IFB’s government and media relations, and policy development. She has over a decade’s experience in policy and public affairs. Fiona also sits on the Government’s SME Advisory Board.

 

You can find the report here: www.ifb.org.uk 

 

You can get in touch with Fiona on Linked In here: https://www.linkedin.com/in/fiona-graham-6b2a802a/

Episode 59

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Published on:

28th Jun 2019

4:03am

Ep. 59 - Interdependent Wealth

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Steve's previous episode remains the most popular episode to date and so there is huge pressure on him delivering again in this show! 

 

Luckily he doesn't disappoint! In this interview I chat to Steve about the book he mentioned he was writing during our previous interview. The book is called Interdependent Wealth: How Family Systems Theory Illuminates Successful Intergenerational Wealth Transitions. 

The book builds on the Bowen Theory that Steve introduced us to before and looks at the actions that family's and their advisers can take to help with this transition. 

 

You can buy the book on Amazon by following the below links: 

 

UK - https://www.amazon.co.uk/Interdependent-Wealth-Illuminates-Intergenerational-Transitions/dp/1097309096/ref=sr_1_1?keywords=Interdependent+Wealth&qid=1561498567&s=gateway&sr=8-1

 

US - https://www.amazon.com/Interdependent-Wealth-Illuminates-Intergenerational-Transitions/dp/1097309096/ref=sr_1_1?keywords=Interdependent+Wealth&qid=1561498550&s=gateway&sr=8-1

 

Canada - https://www.amazon.ca/Interdependent-Wealth-Illuminates-Intergenerational-Transitions/dp/1097309096/ref=sr_1_1?crid=1HCXGWIAGSFQO&keywords=interdependent+wealth&qid=1561498535&s=gateway&sprefix=Interdepen%2Caps%2C200&sr=8-1

 

You can also find out more about Steve here: https://shiftyourfamilybusiness.com/ 

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Published on:

21st Jun 2019

1:32pm

Ep. 58 - Cultivating Culture - The Institute for Family Business Conference

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Each year The IFB hold a conference for Family Businesses and if you missed it, check out this episode to hear what the key points and takeaways were from the conference. 

 

We hear about the importance of cultivating culture and how family owned businesses are perfectly placed to create working cultures that attract and retain staff. 

 

Elizabeth Bagger is the IFB Director General. She joined the IFB in 2009 and, after having spent over seven years designing and running the IFB’s programme, she took over as Executive Director in 2016. Prior to that, Elizabeth spent three years working in international corporate governance and eight in her own family business in Denmark. 

 

You can find out more about The Institute for Family Business here: www.ifb.org.uk

 

You can connect with Elizabeth on Linked In here: https://www.linkedin.com/in/elizabeth-bagger-3b91453/

 

 

Episode 57

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Published on:

10th May 2019

4:00am

Ep. 57 - Gaining External Experience

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One of the most common questions we are asked when considering the 'best' path for next generation family is whether or not they should seek experience outside of the family business. 

 

How do next gen go about seeking this experience and is there a danger that this will mean that they won't actually return to the family business. 

 

I chat to Andrew Keyt and address these questions in this episode. 

 

You can find out more about Andrew here: https://andrewkeyt.com/

or on Linked In here: https://www.linkedin.com/in/andrew-keyt-4b15b11/

 

 

Episode 56

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Published on:

3rd May 2019

4:00am

Ep. 56 - Family Business Advice Teams

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Businesses need to take advice from experts to help them navigate the sometimes tricky areas of law, tax and financial services amongst others.  

 

Traditionally this may be through several different individual firms or  that everything goes through an individual trusted adviser who is seen as the 'gatekeeper'. But is this model fit for purpose?

 

Is there an alternative that is better aligned to your family's needs and your business needs? 

 

My guest this week thinks so! I discuss this with him on the weeks episode as we chat about the concept of Family Business Advice Teams. 

You can get in touch with Ken here: Ken@m-fbc.com or connect with him on Linked In here: https://www.linkedin.com/in/kenmccracken62/

 

 

Episode 55

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Published on:

26th Apr 2019

4:00am

Ep. 55 - Family Champions

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Joshua Nacht is a consultant with The Family Business Consulting Group. 

 

His new book Family Champions and Champion Families he explores the value of family leaders in creating enduring business family success. We discuss this in this episode. 

 

The family champion is typically a family owner who acts as a catalyst to help other family members become more effective. In order to facilitate significant development and change throughout the family, family champions engage and inspire the family to work collectively to sustain their legacy.  Ultimately, family champions create champion families.

 

You can find out more about Joshua here: https://www.thefbcg.com/nacht/

and his book here: https://www.thefbcg.com/publications/family-champions/

 

Episode 54

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Published on:

19th Apr 2019

4:00am

Ep. 54 - What is a Family Office?

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There is a growing number of family offices across the world. But what are they and why would a family consider using one.  

 

In this episode I chat to Andra Ilie who works for a private or family office about the different roles that a family office can play and why they are becoming more and more popular. 


We look at the difference between single family and multi family offices and hear some practical examples from Andra. 

 

You can find out more about Andra here: https://www.linkedin.com/in/andralilie/

 

And you can find out more about the private office that she works for here: https://www.knoxprivateoffice.com/ 


Episode 53

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Published on:

12th Apr 2019

4:00am

Ep. 53 - Wealth of Wisdom

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Tom McCullough along with Keith Whitaker have created a book and podcast series that focusses on the Top 50 Questions that wealthy families ask. 

 

Tom and Keith collaborated with some of the most respected advisers in the field of family business to create this fantastic resource. 

 

In this episode I chat with Tom about the process, some of the common areas that cause concern for business families and dig in to some of the key questions. 

 

You can find out more about the book here: https://wealthofwisdombook.com/

 

and the link to the podcast is here: https://podcasts.apple.com/gb/podcast/wealth-of-wisdom/id1438693369 

 

 

 

Episode 52

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Published on:

5th Apr 2019

10:10am

Ep. 52 - Your Business, Your Family, Their Future

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Emily Griffiths-Hamilton is a Chartered Accountant, a Family Enterprise Advisor and a Conflict Resolution Coach who brings three generations of experience to the subject of wealth and family-business transition planning.

 

In this interview we chat about the Vancouver Canucks, the discussions Emily had with her family when she decided to leave the family business and we discuss her new book in which Emily outlines ways to ensure that your family enterprise thrives for generations. 

 

You can find out more about Emily and her work here: www.buildyourfamilybank.com

 

A link to her book is here: https://www.amazon.co.uk/Your-Business-Family-Their-Future/dp/1773270532/ref=sr_1_1?crid=G46G8HZI5D8D&keywords=your+business+your+family+their+future&qid=1554380476&s=gateway&sprefix=Your+Business%2C+Your+%2Caps%2C630&sr=8-1 

 

Episode 51

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Published on:

21st Dec 2018

6:00am

Ep. 51 - Preparing for Succession

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Rochelle Clarke, global strategist and business succession expert, helps family businesses overcome barriers to succession transitions. With nearly 20 years of professional experience, Rochelle combines a variety of best practices and practical solutions to balance strategic thinking and operational practicality for businesses of all sizes.

 

Succession Strength was founded by Global Strategist and Business Succession Expert, Rochelle Clarke. With an MBA from The Wharton School of Business and experience working for international businesses including Fortune 500 companies like Accenture, IBM, and Heineken, Rochelle brings about 20 years of experience to Succession Strength. She and her team of business experts including an organizational psychologist guide family businesses through the communication, preparation and execution phases of their business transitions.

 

We had great fun recording this episode and we discussed how expectations are managed during those sometimes difficult discussions around succession. 

 

You can find out more about Rochelle here: https://successionstrength.com/

 

On twitter: @SuccessionStre1

Linked In: https://www.linkedin.com/in/rochelleclarke/

Episode 50

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Published on:

14th Dec 2018

6:00am

Ep. 50 - What is Family Business Consulting?

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It gets a bit emotional in this episode but we are emotional beings and this can be especially so when you work with your family. 

 

John Tucker is a colleague, a mentor and importantly a friend. He has been working with family businesses for almost 30 years and he explains in this podcast why he does what he does and how. 

 

John's methodology, which I have been fortunate enough to develop myself, is based on a combination of Process Consulting and Systems Thinking and this combination along with a huge amount of empathy and emotional intelligence allows John to call himself one of the leading Family Business Consultants in the world. 

 

I hope you enjoy this episode and if you want to get in touch with John you can do so john@thefbc.co.uk or on Linked In 

 

https://www.linkedin.com/in/john-tucker-7aa97b26/  

Episode 49

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Published on:

7th Dec 2018

5:00am

Ep. 49 - Disruption with Prof. John A Davis

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The word disruption can have negative connotations, it can make you feel uncomfortable and wary. But, it can also be an opportunity to change, an opportunity to pivot and embrace change. 

 

In this episode we speak with Prof. John A Davis on MIT Sloan bout his new role, what his research on disruption shows and how firms can adapt to this. 

 

We also discuss the impact of increased longevity on family firms and tips to help. 

 

We also chat to John about what he means when he says that family business members should adopt an 'Owners Mindset. 

 

You can find out more about John and his work here: 

www.johndavis.com

https://twitter.com/ProfJohnDavis on Twitter and;

https://www.linkedin.com/in/john-davis-61aab322/ on Linked In.

 

You can also find our more about the programs that John talks about here: 

 

Future Family Enterprise Program

May 5-10, 2019

(For 2nd generation-controlled businesses or later)

The Future Family Enterprise program leads multigenerational families through a stimulating week-long conversation that produces clarity on the path ahead for each participating family and its enterprise. Your family will learn practical concepts and tested practices—organized around examples of multigenerational success and failure—to aid your thinking, improve your long-term planning and alignment, and shape the roadmap of your family enterprise system.

 

 

Founder to Family Program

July 22-26, 2019

(For 1st generation-controlled businesses only)

Successful founder–stage businesses are enviable powerhouses in many ways, but they face unique and complex challenges as they transition to the second generation of sibling owners and leaders. Given the role of the founder and the nature of sibling relationships, these first–to–second generation transitions are often complicated and emotionally sensitive experiences. They need to be pragmatically designed and sensitively implemented for the survival of the business and the unity of the family. This program explores the crucial issues, useful strategies, necessary planning, and pivotal conversations required to implement an effective handoff to the second generation—and to shape a meaningful future role for the founder.

 

Episode 48

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Published on:

16th Nov 2018

6:00am

Ep. 48 - Cobblers! The Timpson Group Story

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Timpson is one of the most recognised names on the UK High Street and Sir John Timpson, as Chairman of the business founded by his great grandfather chats to us about the management style adopted at the businesses over 2,000 branches. 

 

In this interview I chat to Sir John about the history of the business, the fantastic culture that has been created and the challenges that were faced in convincing management that it was a good idea. 

 

We also talk about Sir John and his late wife, Alex. They fostered over 90 children and we discuss the synergies between the environment that he and Alex created for the children they looked after and the one created within the business.

 

My parents fostered children when I was young so I understand the huge amount of dedication needed to do this. I have made a modest donation to The Alex Timpson Trust and would be delighted if you were able to join me. The link to make a donation is below: 

 

https://uk.virginmoneygiving.com/donation-web/charity?charityId=1013855&stop_mobi=yes

Episode 47

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Published on:

26th Oct 2018

4:00am

Ep. 47 - Pitfalls of Leadership

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Caroline Gourlay is an independent Business Psychologist. Since qualifying in 1997 she has worked with a diverse range of organisations in the public and private sectors, either directly or as an associate of larger consultancies.

 

In this episode we discuss the pitfalls that can impact on leadership and how to avoid these pitfalls. 

 

Some of these are specific to family business others are more general pitfalls that seem to impact on most businesses and Caroline offers some fantastic tips and practical solutions to these pitfalls. 

 

You can find out more about Caroline here: http://carolinegourlay.co.uk/index.php

 

You can follow her on Twitter here: @CarolineGourlay

 

Linked In here: https://www.linkedin.com/in/caroline-gourlay/

 

The blogs that we reference are here: https://carolinegourlay.wordpress.com/2017/06/28/six-pitfalls-of-family-business-leadership/

 

and here: https://carolinegourlay.wordpress.com/2014/03/31/so-youre-a-leader-what-do-you-actually-do/ 

Episode 46

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Published on:

28th Sep 2018

4:00am

Ep. 46 - Transparency and Engagement

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Here in the UK there are some new rules coming into force in January that are primarily aimed at large privately owned businesses. 

This will include many family owned businesses and so we speak to Matt Timmons and Suzi Woolfson from PwC about what these changes are and what they mean for your business. 

If you are a smaller business that isn't affected, or based outside the UK it is still worth a listen as these rules seem to be encouraging transparency and other measures that could be adopted by most if not all businesses as part of their corporate and family governance. 

You can find out more about the new rules here: https://www.pwc.co.uk/private-business-private-clients/insights/corporate-governance-time-to-act.html

And you can follow Suzi on Twitter here: @SuziLDavis

You can follow Matt on Twitter here: @MatthewTimmons7

Episode 45

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Published on:

24th Aug 2018

5:00am

Ep. 45 - The 100 year old Family Business

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No business remains the same after a 100-year journey. Every long-lasting family enterprise learns how to navigate developmental and business crises as it crosses generations.

 

Dennis' paper presents the business journeys of the nearly 100 long-lasting families in our study.

 

Their resilience stems from continual innovation and transformation. We look at their major transformations—harvesting, pruning, diversifying and grounding—and at how the family is able to build an adaptive, sustainable culture.

 

This was an interview originally recorded for The FFI who have very kindly allowed me to use it here - enjoy! 

 

You can find out more about Dennis' work here: http://dennisjaffe.com/

 

And you can buy a copy of the study here: http://dennisjaffe.com/publications/

Episode 44

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Published on:

27th Jul 2018

4:00am

Ep. 44 - Trapped in the Family Business

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There are lots and lots of articles and websites that rightly highlight the huge positives of working with your family, but very often we hear from people who are feeling trapped and isolated within the family business. 

Michael is the founder of MK Insights, LLC and has 17+ years of experience as a consultant, assessment specialist, business coach, and facilitator. 

In his book 'Trapped in the Family Business' Michael shares experiences of those family members he has worked with that feel trapped in the business and offers solutions to them. 

Feeling trapped can be turned into a positive and we discuss how in this insightful and informative episode. 

You can find out more about Michael and his book here: 

http://trappedinthefamilybusiness.com/

michael@trappedinthefamilybusiness.com

 

Episode 43

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Published on:

20th Jul 2018

5:00am

Ep. 43 - The Three Circle Model - 40 years on

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Professor John A. Davis, FFI Fellow, is a pioneer in the family enterprise field and a globally recognised authority on family enterprise, family wealth and family office topics. He has created some of the most impactful concepts and frameworks used in the field.

In 2018, he joined the MIT Sloan School of Management faculty to build an innovative portfolio of family enterprise programs, after leading the family enterprise area at Harvard Business School for more than 20 years. He is also the founder and chairman of Cambridge Family Enterprise Group, where he advises some of world’s leading enterprising families.

He is the recipient of the 2016 Richard Beckhard Practice Award.

The Model is now 40 years old and we discuss what it is, how it can be used by families and their advisers and what future trends John sees within the world of Family Business! 

It was a real honour to speak to John, and his knowledge, as you would expect, is exceptional. I am sure you will love this episode and if you want to get in touch with John he can be found:

Twitter: @ProfJohnDavis 

LinkedIn: https://www.linkedin.com/in/john-davis-61aab322/

John's website is: www.johndavis.com

Link to Bivalent Attributes of the Family Firm: https://www.sehity.com/uploads/4/2/2/4/42243697/1.pdf 

 

 

Episode 42

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Published on:

13th Jul 2018

5:00am

Ep. 42 - The Family Business Network

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We often hear that family businesses can feel isolated as they do not have a support network or peers that they can speak to.

The Family Business Network is a support network in Cumbria, Lancashire and now Yorkshire providing family businesses with a safe space to share their challenges. We speak to Sue Howorth and Dave Clarkson to hear about what support is available.

We discuss the importance of a network that can support families on a business and individual level. 

The use of Insight and Fishbowl events to share experiences and the growing Family Business Conference held in October in Kendal. 

You can find out more about the network here: http://fambiznet.co.uk/

You can follow Sue on Twitter here: @sue_howorth

The Family Business Network here: @Fambiznet

Dave here: @DSC_Langleys 

 

Episode 41

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Published on:

8th Jun 2018

4:30am

Ep. 41 - Successful Generations with Ellie Frey Zagel

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Ellie Frey Zagel is 3rd Generation, Vice Chair and Trustee of her family’s foundation the Frey Foundation based in Grand Rapids, MI.  

For nearly a decade she has been deeply involved in working with the next generation of family business, family philanthropy, and family wealth, first as Director of the Family Business Alliance and now as President of Successful Generations, a company she recently founded.

We talk about the importance of raising financially responsible children and the work that she is doing with her own business and podcast series. 

You can find out more about Ellie here: https://successfulgenerations.com/about/

She is also on Twitter: @EllieFreyZagel

Her podcast can be found here and is excellent!

https://itunes.apple.com/gb/podcast/successful-generations/id1315142236?mt=2

She is also on Linked In: https://www.linkedin.com/in/ellie-frey-zagel-94762815/ 

Episode 40

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Published on:

31st May 2018

8:04pm

Ep. 40 - Redefining Success for Family Businesses

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Greg McCann is the founder, principal and leader of an international family enterprise consulting firm that create workshops, consults, publishes, and innovates on issues of importance to family enterprises.

In this episode we draw on Greg's expertise and discuss Vertical Leadership and how we define success. 

We talk about why 'knowing more' is not enough for leaders in the modern world. 

We discuss exponential change and the impact that this is going to have on businesses. 

You can find out more about Greg here: http://greg-mccann.com/

 

 

Episode 39

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Published on:

25th May 2018

4:30am

Ep. 39 - Assessments and their use in Leadership Development

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Natalie McVeigh is an expert in Leadership Development, she is both a practitioner and a member of the Family Firm Institute Faculty. 

In this episode we discuss the use of assessments in helping to develop leaders within the Family Business. 

Natalie speaks to us about acumen, about where to start when looking at assessments, the role culture plays in a business and clarifies that these are assessments and not tests! 

We talk about attitude versus aptitude and the fact that data tells a story. 

We also look at the role of the coaches and mentors 

You can find Natalie on Linked In here: https://www.linkedin.com/in/nataliemcveigh/

You can find Natalie on Twitter here: @NMM_10

Episode 38

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Published on:

18th May 2018

4:30am

Ep. 38 - Leadership and Loyalty with Dov Baron

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Dov Baron has twice been cited as one of Inc. Magazine’s Top 100 Leadership Speakers to hire.

He is a master storyteller, who has had the honour of presenting for The World Business Conference in Tehran as well as speaking for the State Department, and The United Nations on Leadership.

He is considered by many as the leading authority on Authentic Leadership, and the founder of Full Monty Leadership and The Authentic Speaker Academy for Leadership.

Dov is also a bestselling author of several books. His latest book is Fiercely Loyal; How High Performing Companies Develop and Retain Top Talent. 

We chat to Dov about leadership and loyalty in the family business, how we can go about finding our own true meaning and purpose. 

You can find Dov on Linked In here: https://www.linkedin.com/in/dovbaron/

You can follow him on twitter here: @TheDovBaron

You can find out more about his business here: http://fullmontyleadership.com/

 

Episode 37

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Published on:

14th May 2018

6:57am

Ep. 37 - A chat with Ramia El Agamy

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Ramia is the co-founder of Orbis Terra Media, the Editor-in-Chief of Tharawat Magazine, a fellow podcast host and all round family business champion. We chat to her about the incredible resources that her and her family have created.

We discuss the Tharawat Family Business Forum, Women in Family Business as well as digitalisation, trends in family business from around the world. 

You can find out more about Tharawat Magazine here: https://www.tharawat-magazine.com/ 

You can follow them on Twitter here: @TharawatMag 

You can follow Ramia on Twitter here: @RamiaEl 

You can connect with her on Linked In here: https://www.linkedin.com/in/ramia-marielle-el-agamy-2561172/

You can listen to their excellent podcast here: 

https://itunes.apple.com/gb/podcast/the-family-business-podcast/id1254419214?mt=2 

Episode 36

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Published on:

4th May 2018

4:30am

Ep. 36 - Steps to Succession

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In  2008 Howard escaped from Grant Thornton UK LLP, where he had been a partner for over 25 years, to establish his own boutique practice.

We speak to Howard about his experiences of succession planning, the good the bad and the ugly. 

We also discuss how to start the process of choosing a successor and the characteristics that Howard used in his days on the selection team for Partners at Grant Thornton. 

We ask the question of what to do if there is no one within the family who is willing to take the business on. 

You can get in touch with Howard on Linked In: https://www.linkedin.com/in/howard-hackney-9301b814/

On Twitter: @HowardHackney

Or his website is: http://www.howardhackney.co.uk/ 

Episode 35

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Published on:

27th Apr 2018

5:08am

Ep.35 - Employee Ownership Trusts

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Ovation Finance are a firm of financial planners in Bristol. It was set up by Chris Budd and has very recently been sold to an Employee Ownership Trust. 

Chris talks to us about the steps that he took in order to prepare for this transition. This includes the four elements of the eternal pyramid and also the personal challenges that he faced. 

When considering succession planning an Employee Ownership Trust may not be something that immediately springs to mind but in this episode we look at the features, benefits and drawbacks of this option. 

Chris now works as a consultant helping other businesses with the process of employee onwership and you can get in touch with him on Twitter: @ovationchris

His website is http://www.ovationfinance.co.uk/

 

Episode 34

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Published on:

13th Apr 2018

4:54am

Ep. 34 - The Power of Conversation

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Ian Marsh returns to the show for a second time following his previous discussion on episode 5 about the importance of communication. 

We build on that in this episode and discuss the fascinating topics he covers in his new book 'If it is so good to talk, why is it so hard?' 

We discuss why people put off important conversations, particularly with their families and what we can do to improve the conversations we are having. 

We ask what the benefits might be of daydreaming and whether it is possible to measure good communication. 

You can buy Ian's book here: http://good2talk.online/ 

You can follow Ian on Twitter: @IanAMarsh 

and connect on Linked In: https://www.linkedin.com/in/iamarsh/

 

Episode 33

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Published on:

9th Apr 2018

5:00am

Ep. 33 - Culture, the HMG Paint Story

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We first met Jonathan at the FBU Conference. We had a brief chat following his presentation and during that chat I cheekily asked for a full episode and I am really pleased to say that Jonathan has agreed to a full interview. 

In this chat we discuss the importance of culture, the positive impact this can have on the family business and also how every business should do more to improve their local community. 

Jonathan speaks passionately about the family business and his enthusiasm is infectious. We speak about how he went into the loft at home as a child only to be confronted with an Alien head! We also chat about the time his grandfather was asked to paint a pig!! 

You can find out more about HMG Paint at www.hmgpaint.co.uk and can find them on twitter @HMGPaint 

 

 

Episode 32

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Published on:

16th Mar 2018

6:30am

Ep. 32 - Founder Succession

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We speak with Elle Hansen, Mairi Mickel and Jim Hutcheson about the particular challenges facing family business founders when it comes to succession planning. 

Elle and Jim work at Regeneration Partners in Dallas, Texas and Mairi is a Family Business Consultant with her own business based in Scotland. We all got together on a Friday morning in a basement flat in London to chat over a coffee about this subject matter. 

We look at the challenges facing founders and the fact that the 'founder' may not always be the person who set the business up. It could be the person responsible for a period of significant growth or change within the family business. 

It was a really enjoyable chat and the fact that it was face to face comes across in the interview.  

You can find out more about Elle on Linked In: https://www.linkedin.com/in/elle-hansen-58b4302/

Mairi is on Linked In: https://www.linkedin.com/in/mairimickel/

and on Twitter: @MairiMickel

You can find our more about Jim Here: http://familybusinessregeneration.com/about/our-team/james-olan-hutcheson/ 

and Regeneration Partners Here: http://familybusinessregeneration.com/

They are also on Twitter: @RegenPartners and FaceBook: https://www.facebook.com/ReGENPartners/

Episode 31

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Published on:

10th Mar 2018

9:00am

Ep. 31 - The Great British Family Business Conference

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Each year Paul Andrews of Family Business United holds a conference to celebrate family business in the UK. Russ takes his roaming mic to speak to some of the speakers and delegates at this years event.

We speak to Paul about Family Business United, the conference and the other initiatives that he is involved in across the UK. 

We also speak to some of the fantastic speakers from the event and guests at the conference to find out what they have learned from the day. 

You can find out more about Family Business United at www.familybusinessunited.com 

You can follow Paul on Twitter: @FamilyBizPaul

We speak to the following speakers and guests: 

Peter Villax of @HovioneGroup 

@HMGPaints 

@SianSteele

EasiGrass, Juliette Johnson, Corbett Keeling

 

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Published on:

8th Mar 2018

7:00am

Special Episode - International Women's Day

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Thursday 8th March is International Women's Day and so I chat with Jo MacSween about her role with Women's Enterprise Scotland, Vistage and her own experiences in her families business, MacSween Haggis  

The hashtag for International Women's Day is #pressforprogress and we speak about what we can all be doing to help support this. 

There are loads of tips in here for budding female entrepreneurs  

 

You can find out more about Jo on LinkedIn https://www.linkedin.com/in/jomacsween/

On Twitter @JoMacsween https://twitter.com/JoMacsween

Or you can email her  jo.macsween@oranconsulting.com

Websites

www.vistage.co.uk

https://www.wescotland.co.uk/  #HopeFor2018

https://www.internationalwomensday.com/ #pressforprogress

Episode 30

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Published on:

2nd Mar 2018

7:00am

Ep. 30 - Financial Independence

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Russ, is a Chartered Financial Planner and advises family business owners on how to achieve & maintain financial independence. 

Succession planning comes with many barriers and challenges and financial independence is one of them. In this episode we discuss why it is important and how to start your own journey towards financial independence. 

You can find out more about Russ on Linked In: https://www.linkedin.com/in/russellhaworth/ 

Twitter: https://twitter.com/RussHaworth

And Proposito Financial Planning Ltd: www.proposito.co.uk  

Episode 29

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Published on:

23rd Feb 2018

6:00am

Ep. 29 - The Psychology of Succession

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Ever wondered why your Mum or Dad won't discuss succession? 

Are you a business owner but scared of what life outside the business may look like? 

This episode is for you! 

We speak with Dr Allie Taylor of OrangeKiwi, a consultancy business based in California.  

Allie has recently completed her PhD and used her dissertation as the basis for a white paper that looks at the character traits and behaviours of entrepreneurs who may struggle with business transitions. 

Allie explains these traits and you may recognise them in you or a loved one. We also discuss what can be done to help deal with these. 

Allie can be reached at www.orangekiwillc.com and the white paper we discuss can be accessed via that site also. 

OrangeKiwi are @orangekiwillc on Twitter

Episode 28

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Published on:

16th Feb 2018

6:30am

Ep. 28 - Mindfulness

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In this interview with Martin Stepek we explore many of the challenges that families in business together face. 

The story of how Martin's father came to Scotland is one full of difficulty and tragedy and the challenges of his father's childhood stayed with him his entire life.  

Martin discusses the heartbreaking realities of having to wind up the business and the effect that had on the family, both positive and negative. 

Martin also discusses how he came across Mindfulness and the scientific benefits of practicing mindfulness. 

We talk about how we should be defining success and how this may seem counter intuitive to many

Martin also discusses his role with the Scottish Family Business Association and how they support Scottish Family Businesses. 

You can read about Martin's father's journey from Poland to Scotland via Soviet gulag's, an incredibly moving story. 

http://www.bbc.co.uk/news/uk-scotland-21994150

You can find out more about Martin here: https://www.martinstepek.com/

He is on Linked In: https://www.linkedin.com/in/martin-stepek-b122b614/

He is @MartinStepek on Twitter and has a website dedicated to Mindfulness here: http://tenforzen.co.uk/

 

 

Episode 27

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Published on:

9th Feb 2018

6:00am

Ep.27 - Balancing Family and Non Family Management

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Mark Bergman is a serial entrepreneur and invented HANDypaint Products whilst painting his basement. The initial inspiration was a coffee can and some duct tape! 

The business is now a $15m business based in Minnesota and Mark has appointed Jeff as the firms President as part of his succession plan. Mark's children work within the business and now effectively report into Jeff. 

We discuss how this works and what issues (if any) they encounter. 

We also discuss the culture that has been nurtured at Bercom Inc. and how this helps with recruitment of staff, creating an enjoyable working environment and helping the business to thrive. 

Mark discusses how he achieves a sense of purpose outside of the business, a key factor in a successful succession. 

You can follow HANDypaint Products on Twitter: @handypaint

You can follow them on Facebook: https://www.facebook.com/handypaintpail

You can check out Mark, lounging in a pool here: http://www.bercomincorporated.com/brush-up-on-us/the-bercom-gang-2/

Episode 26

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Published on:

2nd Feb 2018

6:00am

Ep. 26 - Academic Research and how it can help Family Business

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Josh Daspit is an Assistant Professor at Mississippi State University and has a passion for understanding the factors affecting family businesses ability to innovate. 

Josh explains how the research that is undertaken by academics such as him can be applied to family businesses and help them to thrive. 

We explore which differences family businesses display between those that can successfully innovate and those that can't. 

We also discuss where simplified or watered down versions of the research that is being undertaken can be found. 

Josh and his colleagues actively encourage collaboration between them and family firms so if you would like to get in touch with him you can do so via Twitter: @JoshDaspit 

Linked In: https://www.linkedin.com/in/joshdaspit/

Josh is also the Social Media Editor of The Family Business Review and you can find this on twitter: @FBRJournal

Episode 25

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Published on:

26th Jan 2018

6:00am

Ep. 25 - Women in Family Business

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Ernst and Young conducted some research into the role of women in family businesses to see if they were leading the way or lagging behind non family owned enterprises. 

In this episode we speak to Kim Harland of www.insights.org.au a not for profit, educational resource for family businesses based in Australia. She has produced an e-book based on the research and interviewed female leaders of family businesses from across the world. 

We discuss many issues and challenges around gender equality and what family businesses can be doing to ensure equal opportunities exist within the family business. 

We also ask Kim a question she asked her own interviewees 'What advice would you give to your 25 year old self?' 

You can find out more about Kim on Linked In

https://www.linkedin.com/in/kimharland/ and you can download her e-book here http://www.insights.org.au/women-in-family-business  

Episode 24

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Published on:

19th Jan 2018

6:00am

Ep. 24 - Conflict in the Family Business

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Family business is in my blood. I grew up with the family businesses owned by my father and grandfather. And like you, I am a family business owner, as well as being a family business consultant for those wanting to resolve conflict.  Leading my consulting business and being the manager of our family and coach for our family’s company, I have gained a lot of personal insights in every part of family firms.

We discuss intuitive conflict resolution, what role structure can play in helping to avoid conflict and what to do when it gets to the point the conflict is unlikely to be resolved easily. 

If you would like to know more about Doris you can find her on Linked In

https://www.linkedin.com/in/dorisscheibenbogen-64018029/

FaceBook: https://www.facebook.com/doris.scheibenbogen

and at her website here: www.dorisscheibenbogen.com

Episode 23

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Published on:

5th Jan 2018

6:00am

Ep. 23 - Cara Mackay - Shed Life

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It all started back in 1989 when a much less dishevelled Grant and John gave up fencing and landscaping for the Shedlife. Locals would come to John looking for something better than your average shed, something worth more than a neglected garden utility.

Gillies and Mackay is now managed by Cara. Her goal is simple – to make her Dad (John) and Grant proud by building on the reputation they’ve worked so hard to achieve. We hear how she’ll do that in this episode.  

We also hear about Cara's move into the Management of the business and how she balanced this with a degree and being a Mum. 

Cara also shares her experience of 'going viral' on Linked In following the use of a few swear words in a post on the platform. 

Cara is an inspirational business owner and her passion and honesty come through in this interview. 

You can find out more about Cara here: 

http://www.gilliesandmackay.com/about/

You can follow her on Twitter @NattyShedGirl, on Linked in here: 

https://www.linkedin.com/in/cara-mackay-996aa41b/

and you can read the infamous post here: 

https://www.linkedin.com/pulse/how-work-from-home-cara-mackay/

 

Episode 22

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Published on:

22nd Dec 2017

7:43am

Ep. 22 - Optimism

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Leon Fear started his first small business whilst at school, buying and selling mountain bikes and bicycle components and selling them mail order and direct to the trade.

Joining the family business at 19, Leon started in construction, working on-site tiling, fitting kitchens, painting and decorating and laying flooring before moving in to a short period in estate agency, property management and later in to property development.

In this episode we speak about his Dad's incredible story and how Fear Group got started. 

We speak about their unique relationship and how they manage to stay best friends despite (or maybe because) being in business together. 

We also talk about the importance of optimism!

 

You can find out more about Leon here 

http://www.feargroup.com/about-us/about-leon/

and follow him on Twitter here: @LeonFear

Episode 21

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Published on:

15th Dec 2017

5:00am

Ep. 21 - Culture

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Mitzi Perdue knows that every family business has a culture. The question is, does this culture come about by design or by default? The ones that come about by default rarely support keeping the family business in the family across the generations.

So, what can a family do to develop and strengthen a culture that will support their deepest goals and values?

Mitzi Perdue draws on the experience of her family of origin, the Henderson Estate Company which dates back to 1890 and was the forerunner of the Sheraton Hotels (her father was co-founder of the chain). She also looks to her marital family (she’s the widow of Frank Perdue from Perdue Farms) that began in 1920.

In both cases, family members in each generation put enormous effort into creating and maintaining strong, values-based cultures. Her talks stem from her lifelong observations not only of how her two families have kept together over a combined total of 224 years, but she’s also closely observed how other high net worth families, often ones she’s known since childhood, created and continuously strengthen positive cultures. She’s also observed almost countless cases where families that lacked a supportive culture failed spectacularly.

 

You can find out more about Mitzi here: 

www.mitziperdue.com @MitziPerdue on Twitter and https://www.linkedin.com/in/mitziperdue/ on Linked In 

You can buy her book on Amazon here: 

https://www.amazon.co.uk/Make-Your-Family-Business-Last/dp/1884108075/ref=sr_1_3?ie=UTF8&qid=1513287373&sr=8-3&keywords=Mitzi+Perdue

or the discount link we speak about is here: 

www.mitziperdue.com/discount  

Episode 20

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Published on:

8th Dec 2017

5:00am

Ep. 20 - Schweid and Sons, a $250m burger business!

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In the late 1800s, Harry Schweid started selling high quality meats to butchers and restaurants in New York City’s Lower East Side. By the 1930s, his son Sam had his own business in Harlem, selling the best meat around. In 1978, Sam’s son David Schweid took his family’s long withstanding heritage in the meat purveyor industry and founded Schweid & Sons, a company that would focus on one product – ground beef. Today, that same passion, commitment and work ethic is carried on here at Schweid & Sons through David and his two sons Jamie and Brad, all with a dedication to producing the best tasting, highest quality Burger.

In this episode we talk to Jamie about his experiences growing up in the business and how they have ensured that family values remain part of the business today despite its size and global reach.  

You can find out more about Schweid and Sons here: 

www.schweidandsons.com

@SchweidAndSons on Twitter and; 

https://www.instagram.com/schweidandsons/?hl=en

 

Episode 19

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Published on:

1st Dec 2017

5:00am

Ep. 19 - The Importance of Listening

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Max Gosselin joined his Mum and Dad'd cheese business and started working on the most successful sales route in the firm, just before the busiest time of the year. 

It didn't start well. He was the first sales person in the businesses history to achieve negative sales figures in the run up to Christmas. 

Using determination and a thirst for learning he decided to learn as much as he could about sales and cheese and turned his fortunes around. He became the No1 sales person the following year and then began implementing some changes. 

We hear the rest of his fascinating story in this episode and Max shares with candid honesty the lessons he has learned from his family business experiences and how these might help other family businesses. 

You can get in touch with Max here:

email maximepg14@gmail.com

 

Episode 18

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Published on:

24th Nov 2017

5:00am

Ep. 18 - A Legacy Mindset

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Vincent Valeri is a Certified Family Legacy Coach and uses his own experiences within his family business to help to prepare families for wealth transfer. 

Vincent shares his own story and how the experiences he had within his family business and how being given a Porsche for his 16th birthday has given him an analogy that he now uses with the families he works with. 

Vincent shares his story with a candid honesty and we speak about the poor statistics around the survival rates of family businesses worldwide. 

You can find out more about Vincent here 

https://www.linkedin.com/in/vincentvaleri/ and on Twitter @valeri79

You can also read the blog on Mitzi Perdue's site here: 

http://mitziperdue.com/need-family-legacy-mindset/

Vincent's business site is here: 

https://www.vedaera.com/

 

Episode 17

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Published on:

10th Nov 2017

5:00am

Ep. 17 - A succession Story: Little's Chauffeur Drive

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We talk about their story and the successful transition from Heather's father to Heather. 

We also discuss Heather's relationship with the staff, who in many cases she has grown up with, and how her changing roles have impacted these. 

'The Little’s story spans five decades – and two generations. As a family business, we benefit from being able to innovate and quickly adapt to the changing needs of our clients, ensuring we provide the very best service at all times.  Indeed, that is what has driven our enviable business growth.

We are still proudly headquartered in Scotland today, and our award-winning team, some of whom have worked with us for over 20 years, provide our clients with an exceptional service no matter where in the world they are travelling.'

You can find out more about Heather by visiting their website 

www.littles.co.uk

or on Linked In

https://www.linkedin.com/in/heather-matthews-902a3321/

and Twitter

@LittlesCars 

 

Episode 16

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Published on:

3rd Nov 2017

5:00am

Ep. 16 - Motivational Maps

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In this episode Mark shares his own family business story and how after he sold his family business he wanted to help other people to avoid the issues he faced in his business. 

One of the key tools that Mark uses with his coaching clients is 'Motivational Maps' we discuss this and my own motivational map!

 

'Through my own business learning curve, I discovered ‘Motivational Maps’, which have provided me with a valuable change management tool.  Amongst other benefits, Motivational Maps help to;

  • Identify Key issues
  • Facilitate communications
  • Implement Reward Strategies.

I would encourage you to use this tool for your own business to optimise your own performance as well as your staff or team. 

A key aspect in helping individuals or teams perform is ensuring that they are motivated.  Motivational factors stem from self-beliefs, expectations and personalities and will always be an important determinant for success.  Addressing an individual’s motivation factors can be the key to unlocking high performance for their own development initiative or for establishing their ‘best fit’ in a team.'

http://1stclasscoachingsolutions.com/

@markterrell376

 

 

Episode 15

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Published on:

27th Oct 2017

3:50am

Ep. 15 - Property Ownership in a Family Business

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Buying or leasing a commercial property can be a big decision for family businesses to make, there are pro's and cons to each of these options. 

In this episode we talk to Jess Booz from VWV about the common pitfalls, the benefits of owning a commercial property within the business or individually and some of the things to think about before taking the plunge. 

If you would like to get in touch with Jess she can be found here: 

https://www.linkedin.com/in/jessicabooz/

You can find out more about VWV here: 

https://www.vwv.co.uk/law-sector/family-owned-business

@VWVFamilyBiz

Episode 14

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Published on:

6th Oct 2017

1:46pm

Ep.14 - Succession Planning

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Ken McCracken has worked in the field of Family Business for many years. 

He is head of Family Business consulting for KPMG and works with families in business and family offices to improve their overall family and business governance and helps them to plan for effective transitions in ownership and leadership.

Ken shares his knowledge and experience in this episode where we focus on the sometimes tricky area of succession planning.

It can often seem intimidating and easier to put these discussions off so we provide you with some tips as to how to start. 

You can find out more about Ken on KPMG's website 

https://home.kpmg.com/uk/en/home/contacts/m/ken-mccracken.html

You can also reach Ken on Twitter @kenmccracken26 and on Linked In

https://www.linkedin.com/in/kenmccracken62/

 

Episode 13

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Published on:

30th Sep 2017

4:00am

Ep. 13 - What is the Bowen Family Systems Theory?

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The Bowen family systems theory is a theory of human behaviour that views the family as an emotional unit and uses systems thinking to describe the complex interactions in the unit.

To me that sounds pretty complicated but Steve manages to explain in a way that makes the theory easier to understand. 

Steve also shares his own story about growing up in a family business. 

Steve's website is  http://shiftyourfamilybusiness.com/ 

If you would like to know more about Bowen Theory you can read about it here http://thebowencenter.org/

If you would like to follow Steve on Twitter, his 'handle' is @FamilyLegacyAdv and you can search for him on Linked In. 

Episode 12

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Published on:

22nd Sep 2017

4:00am

Ep. 12 - Governance (and a book review)

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Nick Smith used to be a lawyer and has worked with family enterprises for many years. Despite having left the legal profession Nick continues to work with Family Businesses as a consultant. 

He has recently written a great book called 'Advising the Family Owned Business' which explores all area's of advice to family businesses. 

During our chat we discuss what family businesses can learn from Nick's research and we cover Governance and its importance. 

You can buy Nicks book here 

http://www.jordanpublishing.co.uk/practice-areas/family/publications/-advising-the-family-run-business#.WbG6_dOGPPA

Episode 11

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Published on:

15th Sep 2017

4:00am

Ep. 11 - The Responsible Shareholder

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Maria Villax is a third generation member of a very successful multinational family business. However, she does not work within the family business but has an active role with its governance. For Maria, this a perfect balance. 

If you were born into a family business you will understand that a decision will need to made (if it hasn't already) to either join or not join the family business. 

There is a 'third' way. You can contribute to the business, be valuable resource for the business and yet follow a dream you may have away from the family business. 

This balance may be rare, but it is achievable and Maria explains her role both within and outside the family business. 

You can find out more about Maria and get in touch, here 

https://www.linkedin.com/in/mariavillax/

http://www.hovione.com/

Episode 10

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Published on:

8th Sep 2017

4:00am

Ep.10 - Communication when starting out

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We talk to Emma Rudge about the importance of getting into the good habit of communicating and communicating well in the early weeks, months and years, of your business. 

Developing these skills whilst the business is still 'young' can be tricky but the benefits can be huge.  

Whilst the focus of this episode is on start up's, the lessons can be applied across all ages of business. 

We speak about the 3 circle model which you can read about here

http://johndavis.com/three-circle-model-family-business-system/

Episode 9

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Published on:

1st Sep 2017

4:24am

Ep. 9 - Future Proofing your Business

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Succession planning is one of the biggest issues faced by families in business. 

In this episode Mairi speaks to us about her own experiences within her family business and in her current role as a family business consultant. 

We speak about what steps can be taken to ensure a successful transition from one generation to the next. 

This was a really enjoyable and insightful chat 

You can find out more about Mairi here: 

http://businessfamilies.co.uk 

Twitter: @Mairi_Mickel 

Episode 8

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Published on:

25th Aug 2017

4:00am

Ep. 8 - Coach Pete - Deliberate Practice

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This week we are joined by Coach Pete Walsh from Phoenix Arizona

For over 20 years, Pete Walsh has been helping people reach new levels of results by mixing fun, hard work, and an unwavering commitment to personal development.

Pete provides Executive and Business Coaching for leaders and teams that are committed to reaching the highest levels of business results and personal satisfaction.

We talk about deliberate practice, a method adopted by elite athletes and musicians to hone their skills and how this can be adopted by family businesses to help them to thrive. 

Episode 7

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Published on:

18th Aug 2017

4:00am

Ep.7 - GDPR What it is and what you need to do

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In this episode we talk to Kitty Rosser, a data protection lawyer about new Data Protection laws that are coming into force next year. 

The implications of this legislation will affect your business so it is important to understand what you need to do. 

Kitty covers this. You can find more about the new rules by following 

https://ico.org.uk/for-organisations/data-protection-reform/overview-of-the-gdpr/

and you can find out more about Kitty and Birketts below. 

http://www.birketts.co.uk/our-lawyers/norwich/kitty-rosser

http://www.birketts.co.uk/insights/legal-updates/gdpr-countdown-to-compliance

Episode 6

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Published on:

11th Aug 2017

4:04am

Ep.6 - PwC Family Business Survey Results

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We often hear that family businesses feel alone and that they are the only one's experiencing their particular challenges. As such it can be reassuring to hear what challenges other businesses like yours are facing. 

PwC conduct a survey that looks at the global trends in Family Business and the results are discussed in this podcast with PwC's Head of UK Family Business, Sian Steele. 

Sian shares her experience of working with family enterprises and offers some great insights into how many of these challenges can be overcome.

You can find the full survey results by following the link below and get in touch with Sian on Twitter. 

https://www.pwc.co.uk/private-business-private-clients/insights/family-business-survey-2016-17.html

@SianSteele 

@PwC_UK

Episode 5

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Published on:

4th Aug 2017

4:23am

Ep.5 - The Importance of Communication

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Communication is an essential part of the success of any business. When you throw family into the mix it can become all the more important. 

In this episode we talk to Ian Marsh from www.familydr.co.uk who works with families in business in helping them to communicate. 

This excerpt from Ian's website summarises his work

'Family dynamics need constant active management.  All the available research suggests that the solution is to "communicate, communicate, communicate", but it turns out that is much easier said than done.' 

Episode 4

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Published on:

28th Jul 2017

4:06am

Ep.4 - Structure

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Getting the balance right between the tax advantages and the potential downsides associated with certain business structures can be tricky when first establishing a business. Nick Smith talks in this episode about the importance of structure and some of the unintended consequences that can result from simple tax structures.  

Episode 3

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Published on:

21st Jul 2017

4:07am

Ep.3 Finding your Why

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In this episode we discuss some of the reasons why you might go into business in the first place.  

Whilst it can be very challenging it can also be immensely rewarding to work with family and understanding why can be a fundamental to the success of the business.  

We reference a TED talk from Simon Sinek which you can watch by following this link https://www.youtube.com/watch?v=u4ZoJKF_VuA 

 

Episode 2

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Published on:

21st Jul 2017

4:07am

Ep.2 Institute for Family Business

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On this episode Fiona Graham, Director of External Affairs and Policy at The Institute for Family Business provides us with a great insight into the role that the IFB play in the UK championing UK family businesses. 

We discuss trends, common challenges, Government policy and much more. 

You can get in touch with Fiona or the IFB via 

Twitter: @IFB_uk

Phone - 020 7630 6250

Email - info@ifb.org.uk

Episode 1

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Published on:

19th Jul 2017

7:51pm

Ep.1 When do you become a Family Business?

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In this episode we discuss what makes you a family business. Are there a set of conditions that need to exist to 'qualify' you as a family business, and is there a certificate!?

During the episode, John Tucker get's tied to a chair, Emma makes bacon sandwiches and Nick tells us how many different definitions the EU have for a family business! 

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About the Podcast

The Family Business Podcast
The podcast dedicated to helping your family business thrive
The podcast dedicated to Family Business. In each episode we share insights and stories from family businesses and their advisers with the aim of giving you all you need to know to help your business thrive.

About your host

Profile picture for Russ Haworth

Russ Haworth

Family Business Consultant based in the UK working with Family Businesses worldwide to help them to navigate the complexities of being in business together.