Successful Generations

Discover the perfect tool to implement when it feels like you and your partner or family member are on different pages when it comes to your business. I’m sharing the most common complaints I hear from my clients who are in this situation, and you’ll learn what’s going on in your head. And once you understand this, you can get aligned and start reaching an agreement that serves everyone involved. Get full show notes and more information here:https://successfulgenerations.com/2

Tune in this week to discover the direction I’ll be taking this podcast moving forward and the changes you can expect to hear. I work with clients every day who are grappling with real issues, real overwhelm, and real confusion, and if you are leading a family enterprise, this is the podcast for you. Get full show notes and more information here: https://successfulgenerations.com/1

This podcast for those who are weighed down by all the things that come along with running a family business. If you’re ready to learn the exact tools, strategies, and mindset shifts you need to become the leader you want to be - and have a bit of fun while doing it - subscribe or follow the podcast on your favorite podcast app and visit successfulgenerations.com for more information. 

Tune in for an episode of Successful Generations with a difference. Neill Williams is sharing the transformation she’s experienced over the past two years of working with me on her mindset in so many areas. If you’ve ever wondered what goes into the work we do as coaches, this episode is exactly what you need to hear. Get full show notes and more information here: https://successfulgenerations.com/mindset-transformation

Tune in this week for a discussion with Bob Reid on common misconceptions around family philanthropy, and what it means for the next generation. Bob is sharing how his own research has brought up so much that flies in the face of the critical literature in this field, and we’re directly addressing criticisms of family philanthropy when it comes to impact, regulation, and so much more. Get full show notes and more information here: https://successfulgenerations.com/089

This week, Logan Angel shares her experiences as a second-generation family philanthropist. We discuss her experiences of realizing her family was different than those around them, and her journey through that adjustment. We are also looking at the immersion program she attended with KORE Venture, and how that has impacted her and her family foundation’s future for the better. Get full show notes and more information here: https://successfulgenerations.com/088

Tune in this week as Andrew and I discuss his role in helping the rising generation within families of wealth see the fortune in their hands as a tool and not a burden. Andrew believes that with great contribution comes great fulfillment, and is a big proponent of intergenerational curiosity, helping children and their parents understand the unique positions they are in, and how they can best move forward. Get full show notes and more information here: https://successfulgenerations.com/087

We all die. The goal isn’t to live forever, the goal is to create something that will. –Chuck Palahniuk Full show notes can be found: www.successfulgenerations.com/epsiode086 QUESTIONS: What do you need to be successful in transferring the business? Why is a business succession plan important?  What are the components of a good plan?  Why is a valuation important for a family business?  Selling to a third party-- why is this thinking advisable even if you plan to sell it to your kids?  What are pros and cons of having minority shareholders?  In your book, you talk about preparing and protecting heirs-- what do you mean by that?  One of the ways to protect heirs from each other is to have a buy-sell agreement, if you agree, what does a buy-sell agreement look like? What are the considerations?  (summary on page 78) What is a Charitable Bailout and Charitable Remainder Unitrust (CRUT) “the same basic features: a transfer of a business interest, a charitable contribution, deferral of capital gains taxes, a su

Welcome!  Full show notes can be found at www.successfulgenerations.com/episode085 Questions:   What is a family office? Who should create a family office? Who Shouldn't? How do you get started? Do you have to have billions of dollars to start a family office?  Who should lead a family office?  What are a few best practices and lessons learned?  What are a few resources newbies should check out when thinking about starting a family office?  What is FOX's role?  How can we connect with you?    BIO Glen Johnson is Chief Operating Officer at Family Office Exchange (FOX). In this role, he is responsible for all aspects of the member experience, ensuring that each family member, family office executive, and trusted advisor has an unsurpassed experience partnering with FOX by providing unique industry knowledge and insights coupled with a safe and confidential environment where members can share best practices. In addition, Glen oversees the operations of FOX and is charged with establishing and executing systems

Full Show Notes: https://successfulgenerations.com/episode084/ Mindy Kalinowski Earley is Chief Learning Officer for FOX, Family Office Exchange. Today, she and I dive into what an education program could look like for the rising generation of family enterprise to help them answer the question for themselves: What does it all mean?    Questions:  About Mindy Who are the Rising Generation?  Why is Education Important? What does it look like?  What is a family office?  How do you get started with Rising Gen Education?  Who is the Family Champion?  What are the best practices when starting and launching an education program?  How can we find you and additional resources to explore?  The 4 Pillars of FOX’s Leadership Curriculum Enjoy!   

This week’s episode is the final in the three part series with Richard N. Seaman, 2nd Gen Chairman of Seaman Corporation.    In the first podcast episode, we learn about the Seaman Corporation’s family business story. The second episode was a BONUS on family philanthropy, and today, we are diving into the Richard’s latest book, A Vibrant Vision: The Entrepreneurship of Multigenerational Family Business.   “Addressing your personal, physical, and mental health is one of the greatest gifts you give not only yourself, but to the people who depend on you.” Richard N. Seaman   Richard has many lessons learned and wisdom he shares in his new book, A Vibrant Vision. He has lived it all and shares what works and what doesn’t.    If you are running, or planning to run, a multigenerational family business, this is the episode (and book!) to check out.    We discuss four of the  book’s 7 Lessons Learned, including the importance of innovation, human and resource management, and strategic and business planning. We end wi

“I’m too busy to think about retirement!”    In today’s episode, Kathy and I talk about retiring as the leader of a family business. Many family business leaders consciously or unconsciously decide they are going to retire “feet first.”   We discuss the many problems this creates AND several solutions.    Solutions include:  Development a succession and estate plan Answer this question: “What could I do next?” Set the Rising Generation up for Success Communication and Conversation Role of a Professional  Many more…..   Show notes can be found: https://successfulgenerations.com/episode082/

Full show notes can be found at: https://successfulgenerations.com/bonusrichardseaman/    Question we started with:  How does family philanthropy play a role in your family business?    We talk about how family philanthropy:  Helps us give back Creates multigenerational sustainability Allows the next generation to explore different passions Provides a teaching role about the community, family business, wealth… Creates stewardship Founder Intent Can bind the family together   We also talk about:  Donor intent Mission creep How trustees can influence the reputation of the foundation and the business     Enjoy! 

Do you like to learn about family businesses like I do?  Here is Part 1 of 2 (and a bonus episode) with Chairman and 2nd Generation of Seaman Corporation.  Seaman is a global industrial fabrics manufacturer based in Ohio.  In this episode, Richard talks about how the family business got started, why he lost 10% of the business his first year working there full time, the important role of an outside board of directors, and many, many words of wisdom and lessons learned. Please enjoy this casual conversation with Richard Seaman.     Full show notes can be found at: https://successfulgenerations.com/episode081/

In this episode, I interview Kris Putnam-Walkerly on her newest book, Delusional Altruism. Hint: “Delusional” doesn’t mean what you think it means. This the perfect episode for the philanthropists and foundations who want to be more impactful and effective.  Full show notes can be found HERE.  QUESTIONS ASKED   You claim, "We are all philanthropists" (something I have said before in an interview with Council of Michigan Foundations Rob Collier.) What do you mean by this?   Tell us about the philanthropy boom? (stats)   What is Delusional Altruism? What does it look like? How Does it show up? (What are the 7 ways it shows up)   What is destructive frugality?    How are the mistakes philanthropists are making right now by their delusional altruism? What can they do about it?    In your book, you highlight 7 strategies for transformational giving. "Together the philosophy behind these strategies constitute a mind-set that will make you unstoppable." Share more about these beliefs. What is the most tra

“Everything just works better when we are on the same page.”   This is the perfect episode for those who work with their significant other. Whether you are stepping into a leadership and ownership transition or you are the founder of your business, if you work with your spouse, this is the episode for you.    Here are a list of questions I asked Maggie:   Maggie, tell us a little about yourself: How did you come to be "The Best Marriage Coach" in the world? I have clients who work with their spouses-- the assumption is always, "things are so much better when we are on the same page". This is something I am calling "Same Page Leadership." Would you agree with this assumption? Why/why not? Do you see this in your work? Team v. Alliance When couples aren't on the same page-- what does that look like? Why aren't they on the same page? The role of arguments: productive v. destructive Maggie’s Understanding = Love Myth What are a few ways/techniques/exercises spouses who work with each other can stay on the s

Full show notes can be found at: successfulgenerations.com/episode078 In this episode we finish (for now) the conversation about getting started in family councils with expert Chris Eckrich.    According to Chris, "a Family Council is a group that serves as an executive team or representative body of a broader enterprising family." In Part 1 of this two part series, we talked about Getting Started. In this episode, Chris highlights 10+ best practices he gathered from his decades of experience working with multi-generational family enterprises.  Chris's bio can also be found in the show notes.  In this episode, Chris highlights:  Best practices Advice to those tasked with launching the family council Role of legal council Who needs to attend Ideal family council leader (according to Chris)  Enjoy! 

Part 1 of a 2 Part Series Full show notes can be found: https://successfulgenerations.com/episode077/ Questions asked during my interview with Chris Eckrich:  What is a family council? Who should/shouldn't have a family council? What is the prework families need to do? -what are a few of the objections to overcome? Your handbook has everything you need to start a family council-- give us an overview on what we would need to do to get started. How can we find you? eckrich@thefbcg.com 260-436-0045 phone Resources: The Family Business Consulting Group  The Family Council Handbook  How Family Business Champions Lead to Success with Joshua Nacht Chris Eckrich's BIO A senior advisor of The Family Business Consulting Group, Chris Eckrich specializes in building leadership excellence and maintaining family unity in enterprising families. He assists family owned firms in preparing future owners and leaders, forging alignment on goals, and establishing orderly continuity plans that maximize effective leadership trans

Full show notes can be found at: www.successfulgenerations.com/episode076 Interview Questions:  Tell us a little about the 2020 Trends Study. One of the trends from the study is a continued shift from place-based to issue-based philanthropy. What do you make of this; what does it mean? I’m especially interested in the distinction the data shows in terms of the age and size of the foundation.  Grant priority areas also differed by the age of the foundation. First, what are the top issue areas for family foundations? How do they differ by the age of the foundation? Considering our audience for this podcast, any particular insights from the study related to engaging the next generation? We’ve talked about impact investing on this podcast previously. What did the trends study tell us about mission/impact investing? What can you tell us about family foundation effectiveness? Are families working well together and do they feel they’re effective? What are some characteristics of “very effective” family foundations?

NCFP's New President/CEO, A Founder Transition to A Next Generation Leader NOTE: In full disclosure, as of this recording, I am on the board of the National Center for Family Philanthropy. I also led the search committee that hired Nick Tedesco as the 2nd President and CEO.  Interview Questions: You are the new President and CEO of the NCFP, succeeding Ginny Esposito. Tell us a little about yourself and how you got to this role?  Why NCFP? What are a few things that excite you about family philanthropy?  You are succeeding the godmother of family philanthropy-- what are you experiencing right now?  Lessons learned? Surprises?  How can we find you?  Bonus Questions:  What words of wisdom would you tell your 20 year old self As a Busy leader, how do you maintain your health?  What does Successful Generations mean to you?     Resources:  The Giving Pledge Dr. Weil’s Breathing Exercise  National Center for Family Philanthropy Episode 004 with Ginny Esposito Find Nick at:  nick@ncfp.org