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...]
90 – Navigating The Family Business – Amy Bruske
Today's podcast features Amy Bruske from The Kolbe Corporation. I first met Amy over ten years ago when she was presenting at a workshop on how to use the Kolbe Index. This is at a tool that I've been using for years to help me focus on what skills I can ask employees to use in my companies. Today we're going to be talking about her new book Business is Business: Reality Checks for Family-Owned Companies. A family business can … [Read more...]
The Burning Question Of The Day…..Who Should Own Stock?
I spend a lot of time talking with business owners about the next generation in their business. If it happens to be a family business we always get into a conversation about which children should own stock. Too often Mom and Dad have a different opinion about this. If Mom is out of the business, she wants all of the children treated equally. Dad probably wants the family member in the business to own the business eventually. Because of … [Read more...]
