In this episode Josh talks with Steve Legler, author of "Shift Your Family Business". They discuss the pitfalls inherent in family businesses and some strategies for dealing with them. Steve is a proud FEA Designate (IFEA) and holds ACBFA and ACFWA certifications (FFI), in addition to having an MBA (UWO-Ivey) He is also a CFA charterholder (CFA Institute), and the author of Shift your Family Business (Friesen Press, 2014). Steve helps … [Read more...]
Why I Like Working With The Rising Generation
One of the things I enjoy is working with rising generations in a family business. When I say rising generations I mean the children of the owners of the business who are getting ready to take a leadership role in the family business. I’ve had the opportunity to do this several times and when the children are competent and willing to do what’s necessary to be a responsible business owner it’s one of the things I enjoy most about the work I … [Read more...]
154 – Learning The Secrets of The Buyers Journey – Danny Govberg
You're in for a treat today. We're talking with Danny Govberg from Govberg Jewelers. We had a wide-ranging conversation that covered the buyer's journey, his membership in the Young Presidents Organization and even some conversation around he being the third generation in a family business. If you know anything about retail, you know at the very least it's been very challenging. In today's episode, you're going to hear from someone who has … [Read more...]
144 – Learn When It’s Time To Leave Your Business – Paul McManus
Today's guest is Paul McManus, Paul started his career working in his family's office supply store that was in existence for 107 years. Like many of us who have switched careers from a family business Paul found that the industry he was involved with had changed. It was no longer a viable economic option for he and his family. He talked with his mother and came up with a gut wrenching decision.......it was time to sell the business and move … [Read more...]
7 Family Business Secrets You’ll Be Glad To Know
My family has a long history of being in business for themselves. My grandparents started as peddlers selling their wares door to door. My father started in the wholesale tobacco business and during his career he started and closed tons of businesses, but three of them stuck and were successful enough to overcome all of the ones that didn't work. I started down the road of working for myself when I was 7 years old. I would … [Read more...]
