The Family Business Podcast (Russ Haworth)
Explorez tous les épisodes de The Family Business Podcast
| Date | Titre | Durée | |
|---|---|---|---|
| 26 Jul 2021 | Diversification and Sustainability | 00:53:08 | |
On this weeks episode of the show we continue our look at sustainability and I speak to Catherine Grum of BDO about the role that diversification is playing in this. We look at what diversification is, what is driving the conversations that are being held about this and how to navigate the complexities that can arise when looking at diversifying. We discuss the role that diversification can play in helping families achieve their sustainability agenda's. You can find out more about Catherine on Linked In: https://www.linkedin.com/in/catherinegrum/ Or at the BDO Family Business Services page Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 26 Apr 2021 | Family Business to Family Office | 00:47:43 | |
When a family business is sold, there can be significant amounts of cash released and when these amounts reach certain levels, it may be appropriate for you to consider the establishment of a Family Office to manage your family wealth. There are options available to you regarding the type of family office you establish and we cover those in this episode. We also look at the timeframes you should be considering when making the decision to establish a family office and the discussions needed to ensure that there is purpose and a vision for the wealth and that a plan exists to achieving that. We look at the impact on dynamics of moving from an operating company that generates the family wealth to running a business that aims to preserve that wealth. If you would like to know more about my guest on this weeks show you can visit her website: www.tamarindpartners.com You can also email Kirby at: Kirby@tamarindpartners.com Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 23 Aug 2024 | Hug of War - Cathy Carroll pt2 | 00:38:31 | |
Summary Cathy Carroll, author of 'Hug of War', discusses the unique challenges of leading a family business with both love and logic. She explores the concept of polarities in family businesses, where opposing forces such as candor and diplomacy, or reveal and conceal, coexist and create tension. Cathy emphasizes the importance of adopting a 'both-and' mindset to find innovative solutions that incorporate the benefits of both sides. She also addresses the issues of domain crossover, where power is used in one domain to influence the other, and shadow influence, where individuals without formal roles or ownership wield significant power within the business. In this conversation, Cathy Carroll discusses the concept of shadow influence and how it can impact leadership in a family business. She shares examples of shadow influence, both positive and negative, and emphasizes the importance of understanding and managing polarities in a family business. Cathy also highlights the challenges and opportunities of the family mindset in succession planning and the value of constructive conflict in navigating family business dynamics. Takeaways Family businesses face unique challenges due to the coexistence of opposing forces or polarities. Adopting a 'both-and' mindset allows for innovative solutions that incorporate the benefits of both sides of a polarity. Domain crossover occurs when power is used in one domain to influence the other, which can create tension and unfairness. Shadow influence refers to individuals without formal roles or ownership who wield significant power within the business. Recognizing and addressing these dynamics is crucial for effective leadership in family businesses. Shadow influence can have a significant impact on leadership in a family business, whether it is hidden or transparent. Understanding and managing polarities is crucial in a family business, as they can create both challenges and opportunities. The family mindset plays a role in succession planning, and it is important to navigate the tensions between the leading and rising generations. Constructive conflict is essential in a family business, as it allows for the exploration of different ideas and perspectives. Engaging in brave conversations and addressing conflict in a productive way can lead to better outcomes in a family business. You can buy the book here: https://www.legacyonward.com/hug-of-war Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 22 May 2023 | The Second Noble Truth - Your mind can make it worse - The Mindful Family Business | 00:40:30 | |
The Four Noble Truths and the Eightfold Path are shorthand reminders of the Buddha’s core teachings on how to live a peaceful, fulfilling life. The formula was developed by his followers after his death as the Buddha left no written records of his teachings. Note that although still in everyday use when referring to this subject the term Noble does not refer to aristocracy or any sort of superiority. It simply means truths that make you are better person. The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind. To find out more about our unique programme and how it can help you and your family business, please follow this link and download our brochure. Alternatively, you can email us Russ@familybusinesspartnership.com Copyright 2025 Russ Haworth and Martin Stepek | |||
| 23 Nov 2021 | Family Business Week - Maurizio Bragagni | 01:01:39 | |
To celebrate Family Business Week here in the UK we are selecting some of our favourite interviews with family businesses here in the UK. This episode is a fantastic discussion with Maurizio Bragagni who is the CEO of Tratos, a multinational, multi-generational family business. We discuss the importance of looking after your local communities and highlight how family business can be a force for good! About Family Business Week Family Business Week is a week long celebration of family businesses as a force for good The pandemic has once again highlighted the vital role that businesses play in supporting their local communities, and it is these community-focused values that are at the heart of family businesses. Rooted in their local communities, family businesses provide a long-term, sustainable model which views business as a force for good. Family Business Week 2021 is a week-long celebration of family businesses, particularly in relation to supporting local communities across all parts of the UK, and providing a platform to highlight the role of business as a force for good. Led by the Institute for Family Business (IFB), the voice of the UK’s family business sector. Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 29 May 2023 | The Fourth Noble Truth - Time to put in the work - The Mindful Family Business | 00:52:24 | |
The Four Noble Truths and the Eightfold Path are shorthand reminders of the Buddha’s core teachings on how to live a peaceful, fulfilling life. The formula was developed by his followers after his death as the Buddha left no written records of his teachings. Note that although still in everyday use when referring to this subject the term Noble does not refer to aristocracy or any sort of superiority. It simply means truths that make you are better person. The Fourth Noble Truth: to cultivate these skills we have to follow a path that contains eight components, as follows: As with the word Noble above, the Eightfold Path uses a word that needs a little clarification. Each of the eight paths starts with the word Right. In this case it does not mean right as opposed to immoral, so it is not judgemental. Nor does it mean correct as opposed to wrong. It is best thought of as skilful or wise.
To find out more about our unique programme and how it can help you and your family business, please follow this link and download our brochure. Alternatively, you can email us Russ@familybusinesspartnership.com Copyright 2025 Russ Haworth and Martin Stepek | |||
| 02 Feb 2018 | Ep. 26 - Academic Research and how it can help Family Business | 00:58:03 | |
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 | |||
| 24 Jan 2022 | Series 8 Preview | 00:09:15 | |
Welcome to 2022! This episode provides you with a preview of what to expect in Series 8 of the show. These will be shorter episodes covering specific topics that I think you will find useful. I also signpost you to the playlists that I have created covering topics such as Succession Planning Governance Next Generation Family Wealth Sustainability and much more. Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 24 May 2021 | Demystifying Insolvency | 00:53:58 | |
The past year or so has seen businesses facing unprecedented trading conditions and whilst some have thrived, others have not and are simply surviving. Some may be facing the difficult position of looking at the ongoing viability of their business. On this show I am joined by Gareth and Steph Buckley from The Insolvency Company. We look at when a business becomes insolvent and the steps you can take to understand your position. If you feel your business is struggling, there are options and we cover these in our discussions. You can find out more about The Insolvency Company by visiting their website which is https://www.theinsolvencycompany.co.uk/ Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 25 Jan 2021 | The 5 Rights of Ownership | 00:53:07 | |
On this weeks episode I am joined by Josh Baron and Rob Lachenauer from Banyan Global as they discuss the 5 rights of ownership and much more from their book Harvard Business Review - Family Business Handbook. Josh and Rob describe these rights as being: 1 - The Right to Design 2 - The Right to make decisions 3 - The Right to Value 4 - The Right to Inform 5 - The Right to Transfer In this engaging and really enjoyable chat Josh and Rob share their thoughts on what these rights mean for you. You can find out more about Josh and Rob here: https://banyan.global/ You can order your copy of the book here: https://banyan.global/hbr-family-business-handbook/ Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 25 Apr 2022 | Psychology of Wealth | 00:49:27 | |
On this weeks show I am joined by psychologist Dr. Moira Somers as we discuss the fascinating topic of The Psychology of Wealth. We look at the following:
You can find out more about Moira by visiting her website here. Moira's Book can be found here Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 18 Apr 2022 | Wealth 3.0 | 00:50:23 | |
In this interview I speak with Dennis Jaffe, Kristin Keffeler and Jim Grubman about what developments and evolutions are happening within "Wealth 3.0". We discuss the history of modern wealth advice and what we can learn from Wealth 1.0 and Wealth 2.0. Jim spends some time at the beginning of the episode explaining these terms in case you are unfamiliar with them. We look at what can be learned from a study of 100 year old family businesses as well as other fields such as positive psychology. You can find out more about Dennis Jaffe here: https://dennisjaffe.com/ You can find out more about Kristin Keffeler here: https://illumination360.com/ You can find out more about Jim Grubman here: https://jamesgrubman.com/ Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 29 Mar 2021 | The Ultra High Net Worth Institute | 00:38:16 | |
Back in 2018 The Family Wealth Report bought together a panel of advisers to ultra high net worth families and discussed how effective business models were at serving the complex needs of these families. Their conclusion was that, whilst there were great firms serving the space, there was no stand out model that fully served these families. In addition, when speaking to families who had attended the conference it became really clear that there was a lot of confusion amongst these families with them not understanding the value proposition of the business models. And so the journey to creating The Ultra High Net Worth Institute began. Hear more from this story and the impact that The Institute are looking to have in my discussion with Steve Prostano. You can find out more about The Ultra High Net Worth Institute by heading over to their website: www.uhnwinstitute.org Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 08 Mar 2021 | The 10 Domains of Family Wealth | 00:47:21 | |
On this weeks show I am joined by Dr Jim Grubman. Jim spoke with us last year in a really popular episode and I am sure that this episode will be equally popular. We are discussing the Ten Domains of Family Wealth. This is a piece of thought leadership from The Ultra High Net Worth Institute that looks at all of the various domains that families with wealth need to focus on and highlights to advisers that their roles have changed. If you want to find out more about The UHNW Institute you can visit their site here: www.uhnwinstitute.org If you want to learn more about Jim and his work you can visit: www.jamesgrubman.com Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 03 May 2021 | Mental Health Awareness | 00:55:49 | |
Mental health awareness is vital at all times but as it is Mental Health Awareness Week in the UK and Mental Health Awareness month in the US it seemed timely to have a discussion about mental health in the family business. Mental health issues is estimated to affect 1 in 4 of us and given the complicating factors that can exist within a family business it is something that we should all be aware of. In this episode I am joined by Whitney Johnson from O'Connor Professional Group, a private behavioural health practice that works with families dealing with a wide range of mental health issues. We discuss the signs to look at for and how to raise the issue with our loved ones, friends and colleagues. The list of resources that Whitney and I discuss is here: www.fambizpodcast.com/mental-health-awareness Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now
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| 28 Feb 2022 | Meet your Host | 00:41:17 | |
On this weeks show the tables are turned! I am interviewed by my friend and colleague Martin Stepek. Following some requests from listeners to know more about me, I finally succumbed and asked Martin to interview me. If you want to hear more about how I became a family business adviser and how growing up in a home where my parents fostered other children impacted my life, have a listen. Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 17 Jan 2020 | What is a Family Charter? | 00:21:42 | |
The Family Charter is the cornerstone or foundation document of a family governance system. It is the bedrock on which everything else is built. It is also known as a Family Constitution or agreement. It is the main document that the family use to outline their values and vision for the family business. Whilst rare they are gaining recognition and being adopted by many families. In this episode i explore why they are useful and how to get started with your own. If you need help with this, please get in touch russ@familybusinesspartnership or visit www.familybusinesspartnership.com for more information. | |||
| 26 Jan 2018 | Ep. 25 - Women in Family Business | 00:37:44 | |
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 | |||
| 31 Jan 2020 | What is a Family Assembly? | 00:19:26 | |
Continuing our look at Family Governance, in this episode I discuss the Family Assembly, or Retreat / meeting. I cover what they are, who attends them and what subjects are covered, along with some hints and tips as to how to get your own family meetings up and running. We also look at how they interact with the other elements of Governance that we have been discussing over recent episodes. As ever if you need any help putting any of this in place, please get in touch russ@familybusinesspartnership.com | |||
| 01 Mar 2023 | Re-imagining Transitions Part 1 | 01:01:47 | |
In this two part interview with Dennis Jaffe, Ken McCracken, Daniel Trimarchi and Stacy Allred we explore the topics covered in the white paper that they have co-authored. The collaboration is an example of the work being undertaken via the Ultra High Net Worth Institute (www.uhnwinstitute.org). The white paper covers three key elements of transition planning 1 - Rethink 2 - Rebalance 3 - Re-invent Through this discussion we explore each of these areas and gain insights from the guests on some of the key areas of this ever present topic within family business and family enterprise. You can view the paper here: https://www.uhnwinstitute.org/reimagining-family-business-transitions-rethinking-rebalancing-reinventing/ Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 12 Jun 2023 | Right Livelihood - The Mindful Family Business | 00:51:44 | |
THE FOUR NOBLE TRUTHS The First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering. The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind. The Third Noble Truth: we can learn to cultivate skills that stop our thirsts and thus end our various forms of suffering. The Fourth Noble Truth: to cultivate these skills we have to follow a path that contains eight components, as follows. THE EIGHTFOLD PATH As with the word Noble above, the Eightfold Path uses a word that needs a little clarification. Each of the eight paths starts with the word Right. In this case it does not mean right as opposed to immoral, so it is not judgemental. Nor does it mean correct as opposed to wrong. It is best thought of as skilful or wise. Right Livelihood: this always astonishes me. 2500 years ago the Buddha was directly teaching rulers, employers, and employees how to work wisely. In particular he advised against doing work or careers which are inherently cruel or destructive, and if a person has no choice then they should make some amends by doing good in their spare time. This is what in recent years is now called CSR and ESG and “purpose-driven” but the Buddha taught it millennia ago and had a much stricter perspective than we have today. To find out more about our unique programme and how it can help you and your family business, please follow this link and download our brochure. Alternatively, you can email us Russ@familybusinesspartnership.com Copyright 2025 Russ Haworth and Martin Stepek | |||
| 14 Feb 2022 | Success or Succession? | 00:24:57 | |
On this weeks episode of the show I discuss the fact that often the definition of success for a family business is its ability to pass the legal ownership of the business between generations. This is obviously a fantastic part of a family business, if that is what everyone wants. But, what happens if that isn't the case and yet all the advice that is being received is focussed solely on the technical, legal and tax benefits of passing the business to the next generation? I cover some of the alternatives and use a couple of examples of how focussing on wellbeing and discussing the alternatives lead to positive outcomes for all. Links: The link to the show discussing Employee Ownership Trusts is - https://fambizpodcast.com/episode35/ The link to the interview with Debbie Ekins is: https://fambizpodcast.com/life-outside-the-family-business/ You can also find out about her new businesses here: https://debbieekins.com/ and here: https://coolstoryco.com/ If you would like a copy of the wellbeing 'tool' that I discuss in the show, please email me: russ@familybusinesspartnership.com Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 06 Apr 2021 | Divorce and the Family Business | 00:54:12 | |
A relationship breakdown can be really difficult for a family to deal with at the best of times, however when this involves the family business there is an additional level of complexity that needs to be thought through. In this episode I am joined by Zahra Pabani from law firm Irwin Mitchell as we discuss what you can do to protect the families assets, including the family business, in the event of a relationship breakdown. We look at
We also look at what characteristics need to be in place for ex-spouses to remain in business together following a divorce, should you wish to. You can find out more about Irwin Mitchell and Zahra here: https://www.irwinmitchell.com/our-people/zahra-pabani Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 22 Jul 2022 | Humanising the Giants | 00:36:12 | |
We conclude our series looking at the ground-breaking research called The Quest for Legitimacy. This research spoke with rising gen family members from around the globe and asked them to share their experiences of growing up in "The Land of Giants". In this episode Jamie and I discuss the importance of humanising the giants in our lives to allow us to be able to walk in the land of giants. The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon and Barnes and Noble. It will also be available in book stores. You can follow these links to order the book: If you would like to speak to us about a bulk order for your family, your clients or team members please email us: Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 20 Nov 2020 | Barriers to Succession | 00:33:03 | |
Succession Planning is complex and whilst there are financial and technical complexities there are also emotional complexities that can get in the way of succession planning. In this episode I explore those and look at some of the common issues I come across in the work that I do. We look at whether now is the right time to start succession planning if you haven't already and I share some tips on how you might want to do this. I also share my views on the different perspectives that are at play across generations that might be creating barriers to progress. I also introduce you to 'Collections' and my brand new shiny newsletter! You can find out more about my business by heading over to www.familybusinesspartnership.com You can find collections and newsletter sign up at www.fambizpodcast.com/episodes | |||
| 05 Jul 2021 | Woolcool and B - Corporations | 00:53:36 | |
On this episode of the show I am joined by Josie Morris MBE. Josie is the MD of Woolcool Ltd, a 2nd Generation family business and a Certified B-Corp business. What is a B-Corporation?Certified B Corporations are a new kind of business that balances purpose and profit. They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. They are a community of leaders, driving a global movement of people using business as a force for good. There are a number of tools and links on the B Corporation website that allow you to assess where you are in terms of the requirements for certification. During the show Josie explains why this process was right for her family and for the business. Josie is MD at Woolcool, a UK based, 2nd Generation, family business founded by her mother in 2009. Woolcool are leading innovators in their sector, producing insulated packaging using Sheep Wool, providing a sustainable alternative to Polystyrene. Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now. | |||
| 12 Jul 2021 | Spenbeck and Sustainability | 00:51:32 | |
On this weeks show I am joined by Becky Valentine from Spenbeck. They are a small family owned business based in Nottingham. We discuss how they have used the UN's 17 Sustainability Development Goals or SDG's to embrace sustainability at the core of what they do as a business. Becky shares how they got started and the lessons they have learned along the way. Spenbeck’s building health consultancy enables companies to take a holistic approach to their wellbeing strategies. By optimising the office physical environment through improvements to such components as indoor air quality, thermal comfort and lighting, Becky helps to maximise employee health and wellbeing. Feel free to get in touch with Becky for further details You can find out more about Spenbeck here: www.spenbeck.co.uk You can find out more about the Birkin Building here: www.thebirkinbuilding.co.uk and if you want to connect with Beck and discuss how she might be able to assist you, use the below links. Twitter @spenbeck1981 / @bec_valentine11 www.linkedin.com/in/becky-valentine-74b483114/ Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 11 Aug 2017 | Ep.6 - PwC Family Business Survey Results | 00:36:32 | |
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 | |||
| 05 Jul 2019 | Ep. 60 - State of the Nation Report | 00:43:06 | |
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/ | |||
| 11 Nov 2020 | SPECIAL EPISODE - COVID 19 Update from The IFB | 00:45:30 | |
We last spoke with Fiona back in March as we entered the first lockdown here in the UK. Since then a lot has changed and so Fiona joins us again to provide further insights into the work that she and the Institute for Family Business are doing on behalf of family businesses here in the UK. We look at the impact that COVID has had and some of the innovation that has been seen from the UK's family businesses. We discuss what policies the IFB are lobbying Government about, specifically linked to COVID and away from COVID. We also look at some of the key findings from the 2020 State of the Nation report including an increase in female leadership amongst family businesses. We look at the fact that family businesses tend not to access all of the support that is available and the impact that may be having on their finances and attitudes to taking on debt. We also cover the importance of applying for Research and Development credits Find out more about the TEDx event here: https://www.ifb.org.uk/events/tedxinstituteforfamilybusiness/ You can read the State of the Nation report here: https://www.ifb.org.uk/media/4303/the-state-of-the-nation-2020-web.pdf There is additional COVID-19 guidance for family businesses here https://www.ifb.org.uk/resources/for-owners/covid-19-guidance-for-businesses/ You can find the IFB on Twitter: @IFB_UK and their website is www.ifb.org.uk | |||
| 22 Nov 2021 | Family Business Week - Sir James Wates | 00:34:43 | |
On this weeks show I am joined by Sir James Wates as we discuss Family Business Week. Sir James is the Chairman of The Wates Group and also the Institute for Family Business. Family Business Week 2021 is a week-long celebration of family businesses, particularly in relation to supporting local communities across all parts of the UK, and providing a platform to highlight the role of business as a force for good. We also discuss The Wates Principles. In late 2017, Sir James Wates CBE, was invited by the Government to lead the development of corporate principles for large private companies. The resulting code – now known as the Wates Principles was launched in December 2018 and provides a framework to help companies to meet legal requirements while promoting long term success. The Wates Principles encourage these companies to adopt a set of key behaviours to secure trust and confidence among stakeholders and benefit the economy and society in general. Follow Family Business Week on Twitter @FamilyBizWeek Join the conversation using the hashtags #FamilyBizWeek and #WeSupportFamilyBiz You can read fascinating case studies or download content to share on social media at www.familybusinessweek.co.uk. About Family Business Week Family Business Week is a week long celebration of family businesses as a force for good The pandemic has once again highlighted the vital role that businesses play in supporting their local communities, and it is these community-focused values that are at the heart of family businesses. Rooted in their local communities, family businesses provide a long-term, sustainable model which views business as a force for good. Family Business Week 2021 is a week-long celebration of family businesses, particularly in relation to supporting local communities across all parts of the UK, and providing a platform to highlight the role of business as a force for good. Led by the Institute for Family Business (IFB), the voice of the UK’s family business sector. Find out more at www.familybusinessweek.co.uk Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. | |||
| 09 Jun 2023 | Right Actions and Activities - The Mindful Family Business | 00:53:58 | |
THE FOUR NOBLE TRUTHS The First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering. The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind. The Third Noble Truth: we can learn to cultivate skills that stop our thirsts and thus end our various forms of suffering. The Fourth Noble Truth: to cultivate these skills we have to follow a path that contains eight components, as follows. THE EIGHTFOLD PATH As with the word Noble above, the Eightfold Path uses a word that needs a little clarification. Each of the eight paths starts with the word Right. In this case it does not mean right as opposed to immoral, so it is not judgemental. Nor does it mean correct as opposed to wrong. It is best thought of as skilful or wise. Right Actions: what we do should be skilful, positive, kindly, and considerate of all involved. To find out more about our unique programme and how it can help you and your family business, please follow this link and download our brochure. Alternatively, you can email us Russ@familybusinesspartnership.com Copyright 2025 Russ Haworth and Martin Stepek | |||
| 30 Sep 2017 | Ep. 13 - What is the Bowen Family Systems Theory? | 00:55:42 | |
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. | |||
| 04 Aug 2017 | Ep.5 - The Importance of Communication | 00:47:45 | |
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.' | |||
| 16 Jul 2020 | Engaging the next generation | 00:43:06 | |
On this weeks show I am joined by Guillermo Salazar as we discuss what family businesses can be doing to help prepare their next generation given that we are living in turbulent times. We look at the different types of mindset that people are adopting during the COVID-19 pandemic and how this impacts your family business. In addition Guillermo talks us through a case study of a family that he has worked with to help them prepare their next generation to be owners of the business. About Guillermo Salazar Expert on corporate governance, and the strategic planning of succession and family patrimony. He has served as advisor for numerous business families on their protocols, generational transition, alignment of family vision and values for decision-making, and conflict resolution. Author of the books “Family Businesses: Tools for the Management of Love and Money” and “Handbook for the Family Business”. Lecturer and educator in the field of the family business in Latin America. Fellow member of the Family Firm Institute (FFI) in Boston, USA. Recipient in 2015 of the International Achievement Award of the Family Firm Institute. Twitter: @GuillermoExaudi Facebook: https://www.facebook.com/guillermo.salazar.nava LinkedIn: https://www.linkedin.com/in/guillermosalazar Website: exaudionline.com | |||
| 21 Jul 2017 | Ep.2 Institute for Family Business | 00:38:09 | |
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 | |||
| 12 Jun 2020 | Re-inventing the Family Business after the pandemic | 00:45:14 | |
On this episode I speak with Dennis Jaffe. For over 40 years, Dennis has been one of the leading architects of the field of family enterprise consulting. As both an organisational consultant and clinical psychologist, he helps multi-generational families to develop governance practices that build the capability of next generation leadership and ensure ongoing capability of financial organisations and family offices to serve their family clients. We draw on Dennis' expertise and experience in this episode to look at how you re-invent your family business after the pandemic. We look at what other family businesses have done through previous crises and in particular those that Dennis has studied for his book 'Borrowed from your Grandchildren'. This looks at family businesses that have survived for more than 100 years and explores the common characteristics of these firms. In a wide ranging conversation we cover:
You can find out more about Dennis and his work by heading to www.dennisjaffe.com You can find his Linked In profile here: https://www.linkedin.com/in/dennis-jaffe-a686286/ | |||
| 01 Dec 2020 | Navigating Philanthropy | 00:53:08 | |
On this episode I am joined by Peter Vogel. Peter is Professor of Family Business and Entrepreneurship, Director of the Global Family Business Centre at IMD Business School in Switzerland and the co-author of the book The Family Philanthropy Navigator. We discuss how philanthropy has evolved throughout history and look at the latest trends in this fascinating area. We talk about how you as a family would decide on the types of philanthropic activity you want to pursue and where to start when looking to begin your giving journey. We also explore the wider benefits to your family enterprise of having a structured approach to your philanthropic activities. You can buy the book by visiting this web page: https://www.imd.org/family-philanthropy-navigator/book/ You can find out more about Peter here: https://www.linkedin.com/in/vogelpeter/ You can email him: peter.vogel@imd.org | |||
| 16 Oct 2020 | Family Offices and COVID-19 | 00:32:57 | |
Bobby Stover is America's Family Office Leader at EY. He joins us on the show this week to discuss the challenges that the COVID-19 pandemic has presented to family offices and how these are being tackled. We look at how some are adapting in different ways to others. What will the coming months and years mean for how family offices operate? How are different generations dealing with the current situation? Alongside these challenges we also discuss how best we can keep staff within a family office engaged as well as family members who may have already been struggling with feeling an attachment to the family office. What different ways can be explored to help with communication at a time when we are working more remotely. You can find out more about Bobby here: https://www.ey.com/en_us/people/robert-a-stover You can email him at bobby.stover@ey.com | |||
| 11 Apr 2022 | Series 9 Trailer - Family Wealth | 00:07:10 | |
Welcome to this trailer for Series 9. This series I will be looking at the topic of Family Wealth in a little more detail and in particular some interesting thought leadership from some great guests. I have an interview with Jim Grubman and Tom McCullough in episode 1 of the series looking at Integrated Family Wealth, we then move on to an episode that looks at Wealth 3.0 with Dennis Jaffe, Jim Grubman and Kristin Keffeler. I then have an interview with Dr Moira Somers where we explore some of the psychology of wealth and lastly a great conversation with the founder of The Good Ancestor Movement, Stephanie Brobbey. As I mention in this show it would be great to hear from you. You can email at Russ@FamilyBusinessPartnership.com or contact me on social media, @RussHaworth on Twitter and https://www.linkedin.com/in/russellhaworth/ on Linked In. Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 03 Jun 2020 | Branding and Strategy beyond COVID | 00:43:58 | |
As we emerge from this crisis there is an opportunity to ensure continued success for your family business. Choosing the right strategy will be the difference between doing this in a way that is aligned to your values as a family, and coming across in a genuine way, compared to appearing as tone deaf and icky. Jeremy Miller is a the Founder of Sticky Branding a branding and strategy agency based in Toronto, Canada. Jeremy works with family businesses to help them to grow their brands. He used these techniques to grow his own family business before deciding to sell the business to focus on what he was passionate about. In this episode we discuss branding, strategy and give practical and real examples of businesses who are positioning themselves to thrive in an 'After-COVID' world. We also discuss succession and the role that the next generation can play in the future strategy of the business. You can find out more about Jeremy here: www.stickybranding.com If you would like to email Jeremy for his 'Green Shoots Worksheet' you can do so here: jeremy@stickybranding.com | |||
| 25 Aug 2017 | Ep. 8 - Coach Pete - Deliberate Practice | 00:47:19 | |
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. | |||
| 22 Feb 2021 | Trusts and Their Uses | 00:43:44 | |
Trusts can be a fantastic way to specify how our assets are used and how our wishes are carried out beyond our lifetimes. They can be used to pass down wealth between generations including the family business. However, there are a number of things to be aware of and considered before setting a trust up and in this episode I am joined by Matt Braithwaite from Wedlake Bell as we discuss Trusts and their uses. We cover :
You can find out more about Matt here: https://wedlakebell.com/people/matthew-braithwaite/ Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 01 Jul 2022 | The Quest for Legitimacy | 00:32:05 | |
In the first episode of the series we meet Jamie and hear about the depth of his experience across all of society, from Cook County Jail to large family enterprises. He shares the experience of growing up as the son of a Rabbi and the impact it had on his own life. We dive into the research and what motivated it along with an outline for the four phases of The Quest. The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon and Barnes and Noble. It will also be available in book stores. You can follow these links to order the book: If you would like to speak to us about a bulk order for your family, your clients or team members please email us: Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 24 Nov 2021 | Family Business Week - The Arbikie Distillery | 00:52:00 | |
To celebrate Family Business Week we are selecting some of our favourite interviews with family businesses here in the UK. Today's interview is with Iain Stirling from Arbikie. We discuss the collaboration that led to them creating the worlds first carbon positive Gin. About Family Business Week Family Business Week is a week long celebration of family businesses as a force for good The pandemic has once again highlighted the vital role that businesses play in supporting their local communities, and it is these community-focused values that are at the heart of family businesses. Rooted in their local communities, family businesses provide a long-term, sustainable model which views business as a force for good. Family Business Week 2021 is a week-long celebration of family businesses, particularly in relation to supporting local communities across all parts of the UK, and providing a platform to highlight the role of business as a force for good. Led by the Institute for Family Business (IFB), the voice of the UK’s family business sector. Find out more at www.familybusinessweek.co.uk Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 15 Feb 2021 | Episode 100!! | 00:28:31 | |
When I started the podcast I had no real expectations beyond trying to put out insightful information to family businesses from experts around the world. In this episode I reflect back on the previous 99 episodes and summarise my thoughts on important issues such as:
I would love to hear from you with suggestions for future episode and I look forward to bringing you the next 100! Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 14 Jun 2021 | Private Equity and the Family Business | 00:49:57 | |
If you are looking to grow your business and are considering ways in which to do that, it may be that private equity is a way to access both liquidity and support. In this episode of the show I am joined by Dominic Graham from Waterland Private Equity as we discuss the different types of private equity, tackle some of the pre-conceptions and look at the reasons why you might want to take a close look at private equity. Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 10 Jan 2020 | What is Family Business Governance? | 00:33:58 | |
Governance is a word that is often thrown around by the family business advisory community and with good reason. However, it is often taken for granted what we mean by 'governance' and so to kick off this series on that very subject I thought it would be useful to provide an overview of what governance is. Why it is useful, some of the common barriers to putting governance in place and then some tips on how to get started. You can find details of the Wates Principles mentioned in the show here: https://www.frc.org.uk/getattachment/31dfb844-6d4b-4093-9bfe-19cee2c29cda/Wates-Corporate-Governance-Principles-for-LPC-Dec-2018.pdf You can also access the brilliant report from the IFB Research Foundation here: https://www.ifb.org.uk/media/4133/governance-in-family-businesses-evidence-and-implications_web.pdf | |||
| 11 Jan 2021 | A Family Business Story | 00:43:44 | |
On this weeks show I am joined by Dominic Rubino. Dominic is a business coach now but has historically owned and worked in a Family Business. In this episode of the show we look at what we can learn from Dom's experience of working in a relatively informal business and governance structure with his cousin. We also explore how money can be destructive and what happens when you experience rapid growth in the early stages of the business. We look at the need for governance and 'professionalisation' and the impact on businesses of not having this in place. You can find out more about Dom and his work by heading over to: https://profittoolbelt.com/ Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 11 Sep 2023 | Wealth 3.0 - with The Ultra High Net Worth Institute | 01:03:02 | |
Regular listeners of the show will be familiar with all of my guests on this weeks show. I am joined by Jim Grubman, Denis Jaffe and Kristin Keffeler as they discuss their new book - Wealth 3.0 - The Future of Family Wealth Advising. In this episode we cover some of the key areas of focus within the book and what it means for families of wealth and in particular those that advise them. This episode is a special collaborative episode with The Ultra High Net Worth Institute in preparation for the launch of their very own podcast later this year. I will keep you all updated on that as and when we approach release date. If you are unfamiliar with the the work that the Institute does I highly recommend that you check out their website: https://www.uhnwinstitute.org/ All four of the speakers on the show are involved in the Institute and we are all very strong advocates for the thought leadership that comes from the Institute, the events that they run and the opportunity for individuals or firms across the globe to contribute to the future of wealth advising for UHNW families. Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 06 Apr 2020 | Reasons to be Hopeful | 00:33:01 | |
We are living in unprecedented times where we are fearful for our families health, that of our own and the prospects for our businesses. It can be easy to become overwhelmed by the situation and so I offer some reasons to be hopeful in this episode. Many of the businesses that I am speaking to now are aware of and accessing the support available to them from Government and so are now finding that they have started to look at what they need to do within their businesses and within the environment they find themselves in now. In this episode I discuss some of the reasons that I am hopeful and optimistic and share some tips on how to spend any additional time that you may have as a result of the Government guidance to stay home and save lives. The link to the podcast website is www.fambizpodcast.com | |||
| 04 May 2018 | Ep. 36 - Steps to Succession | 00:59:17 | |
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/ | |||
| 23 Feb 2024 | Wealth of Wisdom | 01:03:21 | |
Summary In this episode of the Family Business podcast, Tom McCullough and Keith Whitaker discuss their book, The Wealth of Wisdom. They share their backgrounds and how they came to collaborate on the book. The second version of the book focuses on providing practical tools and exercises for families to enhance their communication and address important topics. One chapter highlights a family self-assessment tool that helps families evaluate their situation and identify areas for improvement. Another chapter introduces a three-step process for enhanced communication, which can be used by couples or siblings to address differences and find common ground. The book is accessible to multiple generations and encourages open dialogue within families. The conversation explores the themes and family discussions, the power of framing issues, generational collaboration in philanthropy, intergenerational dialogue, and the simplicity of tools for productive conversations. Takeaways The Wealth of Wisdom provides practical tools and exercises for families to enhance their communication and address important topics. The book includes a family self-assessment tool that helps families evaluate their situation and identify areas for improvement. A three-step process for enhanced communication is introduced, which can be used by couples or siblings to address differences and find common ground. The book is accessible to multiple generations and encourages open dialogue within families. Chapters 00:00 Introduction and Background 09:19 Collaboration on the Book 16:46 Approach to the Second Book 27:14 Chapter on Family Self-Assessment Tool 37:57 Chapter on Three-Step Process for Enhanced Communication 46:18 Accessibility for Multiple Generations 48:21 Subversive Books and Family Discussions 49:22 The Power of Framing Issues 50:50 Generational Collaboration in Philanthropy 54:15 Intergenerational Dialogue 59:31 Simplicity of Tools for Productive Conversations 01:00:29 Clarification on the Books | |||
| 02 Jun 2023 | Right Intention / Thought - The Mindful Family Business | 00:51:30 | |
As with the word Noble above, the Eightfold Path uses a word that needs a little clarification. Each of the eight paths starts with the word Right. In this case it does not mean right as opposed to immoral, so it is not judgemental. Nor does it mean correct as opposed to wrong. It is best thought of as skilful or wise. Right Intentions or Thoughts: we need to be skilful and careful with our thoughts. If our automatic mind’s reactions rule our life we have a lot of suffering and poor judgements. We should try to manage and control our thoughts so they are wiser, more considerate and constructive. To find out more about our unique programme and how it can help you and your family business, please follow this link and download our brochure. Alternatively, you can email us Russ@familybusinesspartnership.com Copyright 2025 Russ Haworth and Martin Stepek | |||
| 27 Oct 2017 | Ep. 15 - Property Ownership in a Family Business | 00:54:20 | |
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 | |||
| 22 Nov 2021 | Family Business Week - Interview with Josie Morris MBE | 00:54:20 | |
To celebrate Family Business Week we are re-releasing some of our favourite interviews with family businesses here in the UK. In today's episode we revisit the conversation that I had with Josie Morris MBE from WoolCool. We talk about their journey to becoming a Certified B-Corp and Josie's experience of being awarded the MBE. About Family Business Week Family Business Week is a week long celebration of family businesses as a force for good The pandemic has once again highlighted the vital role that businesses play in supporting their local communities, and it is these community-focused values that are at the heart of family businesses. Rooted in their local communities, family businesses provide a long-term, sustainable model which views business as a force for good. Family Business Week 2021 is a week-long celebration of family businesses, particularly in relation to supporting local communities across all parts of the UK, and providing a platform to highlight the role of business as a force for good. Led by the Institute for Family Business (IFB), the voice of the UK’s family business sector. Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 02 Mar 2018 | Ep. 30 - Financial Independence | 00:23:49 | |
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 | |||
| 19 Jul 2021 | The Ownership Project | 00:54:30 | |
On this weeks show I am joined by Dr. Bridget Kustin as we discuss The Ownership Project. The project explores $1bn family enterprises and collates what they are doing into a "Toolkit for Responsible Ownership". The study looks at seven narratives that we often hear about family businesses:
Continuing our series on Sustainability we explore some of these narratives and whether they are true because we tell ourselves they are true, or because we can evidence that they are true. The Ownership Project You can find out more information about The Ownership Project here: You can access the toolkit here: https://www.sbs.ox.ac.uk/sites/default/files/2021-07/A_Toolkit_for_Responsible_Ownership_-_The_Ownership_Project_at_Oxford_Sa%C3%AFd_-_July_2021.pdf Dr. Bridget Kustin You can find out more about this weeks guest here: https://www.sbs.ox.ac.uk/about-us/people/bridget-kustin Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 15 Jul 2022 | Breaking Moments and Liminality | 00:40:24 | |
As we continue our look at The Quest for Legitimacy research Jamie and I explore what is referred to in the book at "Breaking Moments". What are they? What do they feel like? Why are they important? We then discuss what liminality is and how we are all currently living through a period of liminality. The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon and Barnes and Noble. It will also be available in book stores. You can follow these links to order the book: If you would like to speak to us about a bulk order for your family, your clients or team members please email us: Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 20 Jul 2018 | Ep. 43 - The Three Circle Model - 40 years on | 01:03:32 | |
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
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| 16 Feb 2018 | Ep. 28 - Mindfulness | 01:18:46 | |
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/
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| 18 Jan 2021 | How and When to start Succession Planning | 00:24:17 | |
Succession Planning is a complex process, there are many moving parts to it and lots to consider. This can put a lot of people off starting the process or leaving them not knowing how or when to start. In this episode I share some tips on how to get started. 1 - Start Early 2 - Separate out the different elements of succession 3 - Look at the role of Family Governance 4 - Keep an open mind 5 - Have open and honest conversations I also cover when to get started and without wanting to ruin the surprise, the answer is NOW! Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 23 Feb 2018 | Ep. 29 - The Psychology of Succession | 00:41:45 | |
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 | |||
| 24 Nov 2017 | Ep. 18 - A Legacy Mindset | 00:59:15 | |
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:
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| 28 Jun 2019 | Ep. 59 - Interdependent Wealth | 01:12:07 | |
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:
You can also find out more about Steve here: https://shiftyourfamilybusiness.com/ | |||
| 12 Apr 2019 | Ep. 53 - Wealth of Wisdom | 01:04:29 | |
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
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| 13 Jul 2018 | Ep. 42 - The Family Business Network | 00:50:18 | |
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
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| 12 Apr 2021 | The Importance of Boundaries | 00:48:27 | |
Many of the common challenges that the families I work with are facing can be traced back in some way or another to a boundaries issues. When you work with your family the informality or lack of boundaries can be empowering, it can be what sets you apart as a family business. However, it can also be what creates the tensions that if left unchecked can lead to full blown conflict and the potential demise of the family business. I am really pleased to be joined by Melissa on this episode to discuss the importance of boundaries and provide some practical examples and steps as to how you can start to introduce more formal boundaries within your own family business. Melissa Mitchell-Blitch - Family Business Consultant and Author of In the Company of Family: How to Thrive When Business Is Personal. A former CPA, her career started at a Big 5 accounting firm. As part of the Family Wealth Planning group, she saw the challenges of family business and family wealth. The cons often overshadowed the enjoyment of working with family. She was convinced there had to be a better way, but could not find anyone who could help navigate the intersection of family, business, and wealth. Determined, she left her career in finance and earned a Master's in Psychology. In the almost two decades since, Melissa has learned how families can thrive, even when business is personal. In the Company of Family: How to Thrive When Business Is Personal. When you work with family, business is personal. That can be a dream or a nightmare. What makes the difference? Knowing how to navigate well your differences and the multiple roles you share.When you are family, coworkers, co-owners, differences abound — opinions, values, preferences. How can you keep differences from being divisive? Through real-life case studies, In the Company of Family reveals the principles of boundaries, which will help you thrive even though business is personal. You can buy a copy of the book here for those in the US and here for everywhere else. IFB Conference Although we live in times of incredibly rapid change and uncertainty, one thing remains true: there’s power in people coming together. So, join me and the IFB on 10 June 2021 to explore a broad range of topics linked to the theme of 'Destination: Future' You can buy tickets here. Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now. Support the show: If you are liking what I am doing and would like to show your support, I have created a page on my website that allows you to do that. www.fambizpodcast.com/support | |||
| 29 Jan 2025 | The Evolving Landscape of Family Office | 00:38:12 | |
Summary In this episode of the Family Business Podcast, Russ Haworth speaks with Annamaria Koerling, founding partner of Delfin Private Office, about the evolving landscape of family offices. They discuss the importance of governance, the unique challenges of succession planning, and the role of philanthropy in fostering family cohesion. Annamaria emphasises the need for tailored governance structures that reflect each family's values and purpose, and the significance of deliberate practice in maintaining open communication. The conversation also highlights the benefits of involving external advisors to navigate complex family dynamics and ensure effective decision-making. Takeaways Family offices provide comprehensive services to manage wealth across generations. Governance structures are critical for the success of family offices. Each family office is unique, requiring tailored governance solutions. Succession planning is a major concern for family offices. Philanthropy can enhance family cohesion and engagement. Deliberate practice in family conversations is essential for success. External advisors can provide valuable perspectives and support. Effective communication of values and purpose is crucial for families. Families should consider the impact of relocation on their operations. Creating a family bank can promote entrepreneurial spirit among family members. Chapters 00:00 Introduction to Family Offices 03:03 The Importance of Governance in Family Offices 06:00 Tailoring Governance to Family Uniqueness 09:04 Critical Governance Considerations for Family Offices 12:01 Impact of Relocation on Family Office Operations 15:11 Succession Planning and Next Generation Involvement 17:58 Promoting Entrepreneurial Spirit in the Next Generation 20:51 The Role of Philanthropy in Family Cohesion 25:00 Deliberate Practice in Family Conversations 27:53 The Value of External Advisors in Family Governance | |||
| 09 Oct 2020 | How to be Up in Down Times | 00:34:54 | |
We have spoken already on the show about the importance of looking after our wellbeing during the current COVID pandemic, and this is something that my guest this weeks feels very passionately about. Friend of the show, Mitzi Perdue joins me on this episode to talk about some of the tips she and her co-authors have shared in their book - How to be Up in Down Times. We hear about the importance of self care, the subjects to avoid talking about and negative impacts of stress. We also have a surprise phone in moment from Mark Victor Hansen himself! Mitzi also shares her passion for the fight against human trafficking and how we can all get involved in this fight. LINKS: https://mitziperdue.com/ https://www.winthisfight.org/ https://www.amazon.com/How-UP-Down-Times-Tips/dp/B087S82GWR | |||
| 26 Apr 2019 | Ep. 55 - Family Champions | 01:02:36 | |
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/
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| 06 Oct 2017 | Ep.14 - Succession Planning | 00:46:43 | |
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/
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| 28 Feb 2020 | Governance - A Series Summary | 00:28:34 | |
Over the course of this series on Governance we have covered a lot of different topics and so this episode brings the series to an end with a summary of all the different governance topics and how they all knit together. Making the decision to implement any of these governance forums takes time and care and perseverance and so I discuss how to approach the discussions with your family. As ever, please do not hesitate to contact me if I can be of any assistance russ@familybusinesspartnership.com | |||
| 25 May 2018 | Ep. 39 - Assessments and their use in Leadership Development | 01:10:34 | |
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 | |||
| 06 Nov 2020 | Succession Planning Considerations | 00:45:39 | |
On this show I am joined by Mike Kane from Turcan Connell. Mike is a corporate lawyer and works with family businesses to help them with their succession planning. In this chat we cover what considerations you might want to think over before starting the process of succession planning. We cover the aspects of an MBO, a dynastic succession and alternatives such as full sale and a sale to an employee owned trust. You can find out more about Mike here: https://www.linkedin.com/in/mike-kane-a9017125/ and more about Turcan Connell here: https://www.turcanconnell.com/ | |||
| 23 Oct 2020 | The Arbikie Distillery Story | 00:49:59 | |
Arbikie Estate is a family-owned working farm in Scotland. This episode looks at the innovative and collaborative way that this family have been creating new products, including a carbon positive gin and vodka product. We hear about the history of the family and how the current owners returned to the business having initially pursued careers away from it. Iain Stirling describes how the collaboration happened and what others can learn from the opportunities that exist. We also discuss the impact of COVID and Brexit on the business and how they are approaching their working operations as a result. We explore the power of asking for help and being vulnerable and reaching out to your network. You can find out more about the business by heading to www.arbikie.com | |||
| 26 Nov 2021 | Family Business Week - Sir John Timpson | 00:54:33 | |
To celebrate Family Business Week we are looking back over some of our favourite interviews with UK family businesses. Today's interview is with Sir John Timpson. Timpson's is one of the UK's most recognisable brands and their culture is the envy of most. We hear about how this culture is embedded into the business and reflected across the country by empowered staff. We also hear about Sir John's experience of fostering many children alongside his late wife Alex. As someone who grew up in a home that fostered those less fortunate than me, I can relate to how impactful the experience must have been for them. The link for the Alex Timpson Trust is - here About Family Business Week Family Business Week is a week long celebration of family businesses as a force for good The pandemic has once again highlighted the vital role that businesses play in supporting their local communities, and it is these community-focused values that are at the heart of family businesses. Rooted in their local communities, family businesses provide a long-term, sustainable model which views business as a force for good. Family Business Week 2021 is a week-long celebration of family businesses, particularly in relation to supporting local communities across all parts of the UK, and providing a platform to highlight the role of business as a force for good. Led by the Institute for Family Business (IFB), the voice of the UK’s family business sector. Find out more at www.familybusinessweek.co.uk Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 09 Aug 2021 | Sustainable Philanthropy | 00:47:37 | |
On this weeks episode we round off our series on sustainability with a discussion with Rennie Hoare, Partner and Head of Philanthropy at C. Hoare & Co. a Private Bank here in the UK, as well as discussing the history of the family business, and how Rennie became a Partner in the business we look at some of the emerging trends in philanthropy and in particular "sustainable philanthropy". Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 05 Jan 2018 | Ep. 23 - Cara Mackay - Shed Life | 00:54:23 | |
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/
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| 28 Jul 2017 | Ep.4 - Structure | 00:40:52 | |
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. | |||
| 08 Dec 2017 | Ep. 20 - Schweid and Sons, a $250m burger business! | 00:53:14 | |
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: @SchweidAndSons on Twitter and; https://www.instagram.com/schweidandsons/?hl=en
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| 29 Jul 2022 | The Gift of Collaboration | 00:52:36 | |
Welcome to this special bonus episode of the show. This follows an incredible week spent in the US with Jamie and Maureen Kelley from Bank of Oklahoma, or BOK Financial. Jamie and I attended and spoke at the brilliant Purposeful Planning Institute Rendezvous conference in Denver and then spent some time with Maureen and her team along with some clients. We wanted to share with you this experience and the benefits that can come from collaboration amongst professionals. As we embrace the age of Wealth 3.0 it is more important than ever to focus on the human connections with our clients. We mention in this show an episode recorded with Dr Jim Grubman, Dr Dennis Jaffe and Kristin Keffeler on the topic of Wealth 3.0. That episode can be found here: https://fambizpodcast.com/wealth/ You can contact Maureen via email at: MKelley@bokf.com and you can get in touch with Jamie or I at hello@questforlegitimacy.com The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon and Barnes and Noble. It will also be available in book stores. You can follow these links to order the book: If you would like to speak to us about a bulk order for your family, your clients or team members please email us: Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 03 Nov 2017 | Ep. 16 - Motivational Maps | 00:43:03 | |
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;
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/
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| 31 May 2021 | Private Podcasting for Family Business | 01:04:35 | |
In this episode I am joined by Jamie Yeunger and Piet Hurkmans from Storykeep, a private podcasting company. We discuss what private podcasting is and how it can be used as a tool for communicating within your family business, or as a way to help preserve your family history and protect your legacy. You can find out more about Storykeep on their website www.storykeep.com Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 01 Dec 2017 | Ep. 19 - The Importance of Listening | 00:49:40 | |
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
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| 03 May 2019 | Ep. 56 - Family Business Advice Teams | 01:03:19 | |
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/
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| 01 Feb 2021 | A Succession Story with Jeremy Manford | 00:47:40 | |
This weeks show is an interview with Jeremy Manford. Jeremy is the CEO of his family business, Compu-Stor based in Australia. In this interview we discuss Jeremy's experiences of joining the business, succeeding his father and how he and his brother have recently clarified their roles to make best use of their resources. We also hear about the value that Jeremy and his family have found in being members of Family Business Australia and how valuable having peers you can discuss challenges with is. Something that I will specifically be speaking about in next weeks show! I am very grateful to Jeremy for sharing his experiences and the lessons we can all learn from them. If you want to find out more about the business you can head over to https://www.compu-stor.com.au/ You can find Jeremy on Linked In, here: https://www.linkedin.com/in/jeremy-manford-compu-stor/ Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 16 Nov 2018 | Ep. 48 - Cobblers! The Timpson Group Story | 00:51:33 | |
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 | |||
| 02 May 2022 | The Good Ancestor Movement | 00:54:57 | |
On this weeks show I spend some time with Stephanie Brobbey as we discuss The Good Ancestor Movement. The impacts of the global pandemic and the war in Ukraine is bringing into focus some families relationships with their wealth and Steph has developed a fascinating way to discuss topics such as radical wealth distribution, wealth minimisation and values led wealth management. We also cover the importance of knowing your purpose and how the book Start with Why by Simon Sinek changed Stephanie's life. You can find out more about Stephanie at the following: https://www.goodancestormovement.com/ Linked In - https://www.linkedin.com/in/stephanie-brobbey-01a07416/ Twitter - https://twitter.com/steph_brobbey Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 27 Nov 2020 | What is a Family Investment Company? | 00:36:23 | |
Sometimes the right thing to do with a family owned business is to sell it. If that liquidity event provides sufficient wealth and financial independence for the owners of that business, they may want to look at ways of passing that wealth on to future generations in a tax efficient way that also allows them to retain control over those assets. One vehicle for doing this is a Family Investment Company. In this episode of the show I discuss these businesses with Helen Clarke from Law firm Irwin Mitchell. We look at what circumstances these can be suitable and the process to go through to set one up. We look at how a FIC can help retain control of assets, educate the next generation and become a generational planning tool. We also look at some of the 'what-ifs' and pitfalls to avoid along with covering the importance of family governance and robust legal structures. You can find out more about Helen and her work with Irwin Mitchell, here: https://www.irwinmitchell.com/our-people/helen-clarke https://www.linkedin.com/in/helenclarkeimpw/ | |||
| 01 Mar 2021 | Trust Governance | 00:40:48 | |
In this weeks episode we continue our look at Trusts and I speak with Cindy Radu about Trust Governance. In particular we explore the concept of a Trust Advisory Council. This helps the parties related to the Trust to understand
If you would like to speak to Cindy, you can find her on Linked In here: https://www.linkedin.com/in/raducindy/ Or you can contact her via her website - www.cindyradu.com Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 27 Apr 2018 | Ep.35 - Employee Ownership Trusts | 00:55:06 | |
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/
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| 27 Mar 2020 | Crisis Management | 00:58:40 | |
We are in unprecedented times at the moment and will be facing challenges and decisions for the very first time in our lives. We have a panel of experts on this weeks show who discuss ways in which we can act that have served family businesses well during previous crises. I speak with Simone Møkster the Managing Director of Family Business Norway, Elizabeth Bagger the Director General of the Institute for Family Business, Alex Scott who is a 4th generation family business member and one of the founders of the Institute for Family Business and John Learmonth, MD of Deanbridge International and publisher of The European Family Investment Company. John has published an article that looks at what families in business can learn from the last major crisis that the world faced in World War 2. You can find the article here: You can also find more about John here: https://www.deanbridgeinternational.com/ You can find out more about Family Business Norway here: https://familybusinessnorway.no/ You can find out more about the IFB and the work they are doing here in the UK here: https://www.ifb.org.uk/ and you can find out more about Alex Scott and his business here: https://sandaire.com/about-us/ As ever I am here to support you in any way I can, just drop me an email Russ@familybusinesspartnership.com | |||
| 04 Jan 2021 | The Sellers Journey | 00:54:33 | |
One third of businesses that go to market to sell actually conclude successfully! We look at some of the common emotional barriers to these transactions and what we can do to help avoid them. If you are a professional adviser to family business owners this is a must listen episode as Denise shares her experience of helping sellers to overcome these barriers. We look at the emotional aspects of selling or passing your business on to the next generation and ask the question: What does work provide for you? As a business owner no-one prepares you for letting go of your business, the role you play in it and the emotional wellbeing that it provides. You can find out more about the work that Denise does by heading to Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||
| 05 Apr 2019 | Ep. 52 - Your Business, Your Family, Their Future | 01:18:59 | |
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
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| 28 Sep 2018 | Ep. 46 - Transparency and Engagement | 00:39:43 | |
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 | |||
| 21 Dec 2018 | Ep. 51 - Preparing for Succession | 00:54:21 | |
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/ | |||
| 02 Feb 2024 | Selling the Family Business Pt.1 | 01:03:33 | |
Summary In this two part episode, the guests discuss the considerations and communication strategies involved in a family business deciding to sell their business. They emphasize the importance of open and proactive communication within the family system, as well as with external shareholders and the C-suite. The guests also¶. They stress the need to address potential regrets and ensure a smooth transition to life after the sale. This conversation explores various aspects of transitioning from a family business to a family office. The speakers discuss the importance of understanding one's skills and talents and how they can translate into new domains. They emphasize the need for careful planning and decision-making, as well as the potential challenges of sudden wealth. The speakers also highlight the value of collaboration and a holistic approach, considering both individual and collective philanthropy. They stress the significance of exploring purpose and impact beyond the sale of the business and the importance of capturing family stories and history. Takeaways Open and proactive communication is crucial within the family system and with external stakeholders during the decision-making process and after the sale. Early planning for the post-sale phase, including identifying purpose and impact beyond the business, is essential. Considerations for each group of stakeholders, such as family members who own the business but don't work in it, should be taken into account. Avoiding regret of selling the business involves understanding personal goals and needs, planning for the day after the sale, and addressing emotional and financial aspects. Preparing for life after the sale includes exploring new opportunities, seeking professional advice, and maintaining open-mindedness. Understand your skills and talents and how they can translate into new domains. Take time to plan and make wise decisions, avoiding impulsive actions. Consider the merits of earnouts as part of a transition. Explore individual and collective philanthropy, finding the right balance. Start early with transition planning and engage in open and honest family conversations. Blend for-profit and non-profit activities to create a unified approach. Capture family stories and history to preserve legacy and values. Chapters 00:00 Introduction and Guest Introductions 04:03 Considerations in Family Discussions Leading to the Decision to Sell 08:24 The Role of Philanthropy and Impact in the Sale Process 11:16 Importance of Communication within the Family System 17:36 Effective Communication with External Shareholders and C-Suite 21:52 Considerations for Each Group of Stakeholders 27:29 Effective Communication Internally and Externally 36:39 Avoiding Regret of Selling the Business 42:21 Preparing for Life After the Sale 52:56 Understanding Skills and Talents 55:31 Transitioning to a Family Office 56:24 Managing Sudden Wealth 57:18 Taking Time to Plan 58:41 Dealing with External Pressure 59:30 Hiring the Right Expertise 01:00:02 Avoiding Impulsive Decisions 01:01:24 The Merits of Earnouts 01:04:01 Exploring What's Next 01:05:02 Collaboration and Holistic Approach 01:08:38 Discovering Purpose and Impact 01:11:15 Balancing Individual and Collective Philanthropy 01:19:36 Transitioning Identity and Purpose 01:23:22 Exploring Family Dynamics 01:29:11 Start Early with Transition Planning 01:32:05 Blending For-Profit and Non-Profit 01:35:29 The Power of Storytelling and Family History Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some... | |||
| 19 Jun 2023 | Right Mindfulness and Concentration - The Mindful Family Business | 00:57:07 | |
THE FOUR NOBLE TRUTHS The First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering. The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind. The Third Noble Truth: we can learn to cultivate skills that stop our thirsts and thus end our various forms of suffering. The Fourth Noble Truth: to cultivate these skills we have to follow a path that contains eight components, as follows. Right Mindfulness: mindfulness is a three-pronged skill with regards to our state or frame of mind. Notice. Pause. Change. Although taught around the world today mindfulness is often misunderstood by its teachers and therefore also by its students, so it is important to learn mindfulness the way it was originally taught, that is, within the wider context we are summarising here. One could say that Right Mindfulness is the development of the ability to notice unhealthy thoughts and feelings, then shift the mind away from these to much wiser ones. Right Concentration or Focus: if mindfulness is taking the mind away from unhelpful states, then Right Concentration or Focus is its partner. We try to develop the ability to keep our mind on positive or useful states of mind or where we want our mind to be, rather than constantly being distracted, say by emails, passing moods, daydreams, etc. To find out more about our unique programme and how it can help you and your family business, please follow this link and download our brochure. Alternatively, you can email us Russ@familybusinesspartnership.com Copyright 2025 Russ Haworth and Martin Stepek | |||
| 08 Jul 2022 | The Four Phases of The Quest | 00:40:31 | |
In this episode we delve much deeper into The Quest for Legitimacy and explore the four phases. In particular we look at examples from the research that highlight how the phases feel and are experienced. We discuss the fact that the phases are not linear and that at any point in your life you can be taken back into an awareness phase that can lead to opportunities for growth. The four phases of The Quest are:
The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon and Barnes and Noble. It will also be available in book stores. You can follow these links to order the book: If you would like to speak to us about a bulk order for your family, your clients or team members please email us: Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now | |||