There’s one thing I know when it comes time to transferring ownership in a family owned business. It’s that you want to have a smooth transition between generations. This is part of what having a sale ready business means. With a sale ready company an internal change of ownership happens and there is no drama around the ownership transfer. When it comes to training the next generation of owners, there’s a strategy I love. I call it the … [Read more...]
248 – What Does Success Look Like – Ron Nakamoto
In this episode Josh talks with Ron Nakamoto from Empowered Wealth. They discuss private business and what does success looks like. Ron Nakamoto is the CEO of Empowered Wealth Partners and a major contributor to Empowered Wealth group of companies. He was one of the founding Quadrant Living Architects and a long-time proponent of Empowered Wealth principles, concepts, and tools. A Certified Financial Planner since 1987, he is now focused on … [Read more...]
229 – Shift Your Family Business – Steve Legler
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...]
