Skip to main content
Family Business Today

Family Business Today

By Greg Lewis
Are you a family business owner or next generation? If so welcome to Family Business Today.

Why does working together in a family business have to be so darn difficult? This podcast will help you get answers to this and other relevant questions when host, Greg Lewis, interviews prominent local and national family leaders about the joy and challenges of working together in a family business.

We'll also talk to top family business experts about topics including business transition and succession planning, communications, family relationships, business culture as well as conflict resolution

Listen on
Where to listen
Apple Podcasts Logo

Apple Podcasts

Breaker Logo

Breaker

Google Podcasts Logo

Google Podcasts

Pocket Casts Logo

Pocket Casts

RadioPublic Logo

RadioPublic

Spotify Logo

Spotify

Currently playing episode

Episode 43: Changing with the Times Has Resulted in a Century-Old Family Business with Ben Grossman of Grossman Marketing Group

Family Business Today

1x
Episode 44: Arranged Careers: When the Family Business Isn’t Always the Right Fit for You with Dr. Michael Klein
Dr. Michael Klein has over 20 years of experience as an advisor to family business owners and next generations, as an assessment specialist (including assessments of job fit, personality, emotional intelligence, and values and motivators), he also speaks and leads workshops for family businesses. He uses his background in psychology to counsel and assist family businesses. Michael has worked both internally and externally in Fortune 500 companies, including positions in organizational development and human resources.  He has experience in healthcare, financial services, publishing, entertainment, pharmaceuticals, construction, and private equity and other industries. He is the author of Trapped in the Family Business: A Practical Guide, which is in its second edition, and is a recipient of the 2018 Schultz Award for Outstanding Family Business Publication. Michael is a graduate of Haverford College and holds a doctorate in psychology from the Graduate School of Applied and Professional Psychology, Rutgers. He has taught at the Commonwealth Honors College and Isenberg School of Business at the University of Massachusetts at Amherst and has served as a four-time judge at the University of Vermont’s Family Enterprise Case Competition (FECC). In this episode of Family Business Today, Michael will share: · How common it is for family members of different generations to feel trapped in their family business · What it means to be trapped in your family business and how people become trapped · That his book is not only about “escaping” from the family business but about how to have difficult conversations while maintaining relationships · How parents and children can balance their needs with the needs of the family business · The importance of having the tough conversations about your place in the family business even when the issues seem small · And more… To learn more about Michael’s book and his work with family businesses, visit www.trappedinthefamilybusiness.com. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value) Until next time, There’s No Business Like Family Business…..We Know!
33:25
July 26, 2021
Episode 43: Changing with the Times Has Resulted in a Century-Old Family Business with Ben Grossman of Grossman Marketing Group
Ben Grossman, along with his brother, David, are the 4th generation of family leadership and have been leading Grossman Marketing Group for ten years. Their family business was founded as Massachusetts Envelope Company in 1910 by Maxwell Grossman, whose lifelong dream was to own his own business. Now, 111 years since its founding, the company is a full-service resource helping clients with a broad range of traditional and digital marketing needs. Ben Grossman holds a BA from Princeton University and an MBA from Columbia Business School. Prior to Columbia, Ben worked as a strategy consultant to Fortune 500 clients, as well as started and sold a sportswear and marketing firm. In this episode of Family Business Today, Ben will share At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value) Until next time, There’s No Business Like Family Business…..We Know!
42:31
June 7, 2021
Episode 42: Cultivating a 100-Year Family Enterprise with Aggie Johnson of WillKate Family Enterprise
Aggie Johnson, CFP®, CPWA® is the founder and owner of WillKate Family Enterprise Office in Sioux Falls, South Dakota. She focuses on purposeful planning that helps build lasting family wealth beyond the balance sheet. Aggie helps multigenerational family enterprises understand how to transition their business(es), using the power of their resources, to create an extraordinary life for their family today and provide for future generations.  In this episode of Family Business Today, Aggie will share: · The importance of communication and transparency in running and planning in a family business · How creating governance and other guiding structures can provide direction for a family enterprise to evolve over generations · The need for long-term family enterprises to identify, cultivate, and hang onto talent · How bringing in the global viewpoints of all family members can lead to insights and directions for the family enterprise · How a family business enterprise striving for 100 years of business should start now in having those difficult conversations about purpose, values, and the next generation · And more… To request the FREE 100-Year Plan for family enterprises and learn more about WillKate Family Enterprise Office, visit https://will-kate.com/family-enterprise-office/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value) Until next time, There’s No Business Like Family Business…..We Know!
40:24
May 3, 2021
Episode 41: Ownership and Optimism – The Competitive Advantage of Family Businesses with Dr. Josh Baron of BanyanGlobal
Dr. Josh Baron is a co-founder and Partner at BanyanGlobal. For over a decade, he has worked closely with families who own assets together, such as operating companies, family foundations, and family offices. He helps these families to define their purpose as owners and to establish the structures, strategies, and skills they need to accomplish their goals. Baron teaches family business courses at Columbia Business School in the MBA, EMBA, and Executive Education programs. He publishes and speaks frequently on subjects concerning family enterprises and is a regular contributor to HBR.org, including Why the 21stCentury Will Belong to Family Businesses, Why Family Businesses Need to Find the Right Level of Conflict, and Every Business Owner Should Define What Success Looks Like. In this episode of Family Business Today, Josh will share: · The hype surrounding the “third generation rule” and the misconception of family businesses as hotbeds of conflict · The strategies family businesses are employing during the pandemic and the optimism surrounding family businesses even during periods of stress · The need to focus on ownership as a driving factor of the success of family businesses · How ownership through generations involves a diverse set of issues and an understanding of changing family relationship dynamics · His strong belief that the success of family businesses will benefit our society and economy · And more… To find the Harvard Review Family Business Handbook written by Dr. Josh Baron and Rob Lachenauer and learn more about BanyanGlobal, visit https://banyan.global/hbr-family-business-handbook/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value) Until next time, There’s No Business Like Family Business…..We Know!
40:05
April 13, 2021
Episode 40: Relying on Technology, Your Team, and New Business Development Opportunities in the New Norm with Laurie Guzman of The Inside Story, LLC
Your host, Greg Lewis, talks to Laurie Guzman. Laurie is the founder and president of The Inside Story, LLC, a virtual assistance organization located in Nashville, TN. Laurie has established herself as an Opportunity Broker, a Master of Connecting the Right People and the Right Business to the Right Opportunity. Laurie is also the mother of two amazing sons, who inspired her to launch her business that encourages flexibility and life balance. In this episode of Family Business Today Laurie Guzman will share: -   How having and recovering from COVID made her appreciate having the right people in her business and the importance of relying on your team and your processes -   How business owners need to rely on the power of calendar management instead of depending on their own mind and memory, especially during times of growth -   The critical role virtual assistants can play in the technological and the business development sides of the business as we experience our “new norms” -   How her passion for connecting people has not only led to the success of her own business but the success of those she works with locally, nationally, and globally -   How businesses can use the circumstances of 2020 to refine their vision and lean more on the support of other business leaders -   And much more… To learn more about Laurie Guzman and her business, The Inside Story, LLC, visit their website at https://www.theinsidestoryllc.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value) Until next time, There’s No Business Like Family Business…..We Know!
27:09
March 28, 2021
Episode 39: Andy Sneed – WASCO, Inc. – Each Tiny Effort Builds on the Next so that Brick by Brick, Magnificent Things Can Be Created
Your host, Greg Lewis, talks to Andy Sneed. Andy is Chief Executive Officer of their family business, Wasco, Inc. in Nashville, Tennessee. Andy’s father, Bill Sneed, founded Wasco, Inc. in 1966, and Andy has worked in the family business since 1977. Even as the son of company founder, Andy began his Wasco career track as a delivery driver and held eleven other progressive job titles before landing his current role as CEO. Andy describes his main responsibility as ensuring the company accomplishes their mission: Engineered Masonry Excellence. In this episode of Family Business Today Andy Sneed will share: –   The Sneed family’s role in masonry and building that has dated back to 1901 –   His family’s involvement in the building of some iconic Nashville buildings, including the Ryman Auditorium and the Tennessee Performing Arts Center –   His commitment to a successful third-generation transition that he began before he became the head of the company –   How his family is handling questions of ownership and fairness between active and inactive family members as the business is transitioning –   The motivations behind his goal of bringing impartial outside voices to the business’s board of directors before his “refirement” –   And much more… To learn more about Andy Sneed his family business, Wasco Masonry, visit their website at https://wascomasonry.com/. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value) Until next time, There’s No Business Like Family Business…..We Know!
37:53
March 15, 2021
Episode 38: Barbara Roberts - What Family Business Owners can do to Survive and Thrive During these Chaotic Times
Your host, Greg Lewis, talks to Barbara Roberts. Barbara is a speaker and writer on all stages of entrepreneurship from start-up through growth, exiting and reinvention, Barbara’s work builds on her personal experience as a Wall Street executive, serial entrepreneur and Entrepreneur in Residence at Columbia University Business School and Hofstra University. Barbara is the lead author of two Columbia University Business School whitepapers, Life after an Exit: How Entrepreneurs Transition to the Next Stage, and The Owner’s Journey: Experiences shared, and lessons learned from entrepreneurs who successfully sold or transferred their businesses to family members. In addition to her work as both a speaker and author, Barbara serves as a consultant, coach and board member for privately held companies. She lives and works in Sag Harbor and New York, NY. In this episode of Family Business Today Barbara Roberts will share: Her experience in successfully building, transforming and selling two family owned businesses as a non-family CEO Excerpts from an article she wrote for UBS on the impact of the pandemic and why the word crisis is not an adequate word to use Why business owners can not only survive but thrive during chaotic times What are some of the big changes and trends emerging from this chaotic time that will effect your business Some of the things that business owners should start doing now to prepare themselves for an eventual exit even if they are a long way from an exit And much more…. To learn more about Barbara Roberts and to receive a FREE copy of her white papers on Life after an Exit and The Owners Journey, connect with Barbara Roberts, Columbia University, on LinkedIn and mention Family Business Today in the invitation line. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. Until next time, There’s No Business Like Family Business…..We Know!
47:32
February 15, 2021
Episode 37: Peter Bloom – The Bloom Group – Seeing the Blind Spots when Planning a Family Business Transition
Your host, Greg Lewis, talks to Peter Bloom, business lawyer with The Bloom Group in Washington DC. In his role, he serves as general counsel to emerging, mid-stage and family businesses, providing strategic advice as well as guidance regarding corporate law, contracts, tax, intellectual property protection, financing, succession planning and labor & employment law. Mariana Martinez and Peter Bloom are the authors of Seeing the Blind Spot: A Guide for Advisors Working with the Family Enterprise. In this episode of Family Business Today Peter Bloom  will share: The importance of dealing with the emotional aspects of creating a successful transition plan The role family history, culture, relationships and individual personalities play in planning a successful transition Why Transition Planning is a Process and not an Event Key communication steps that family business owners should take in planning a transition Why creating a legacy is so important to family business owners And much more…. To learn more about Peter Bloom visit The Bloom Group LLC website at www.the bloomgroupllc.com.  You can also obtain a copy of  Peter Bloom and Mariana Martinez book Seeing the Blind Spots when Planning a Family Business Transition on Amazon. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value) Until next time, There’s No Business Like Family Business…..We Know!
38:19
January 29, 2021
Episode 36: Rocky Lalvani – the Profit First Man – Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
Your host, Greg Lewis, talks to Rocky Lalvani, Chief Profitability Officer for business owners like you. Rocky teaches business owners how to ensure they get paid and they make profit a priority! As a Certified Profit First Professional he implements Mike Michalowicz’s Profit First System.  We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses.  This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!) In this episode of Family Business Today Rocky Lalvani will share: How developing a counterintuitive cash management system has helped thousands of small businesses break out of the doom spiral and achieve profitability. How small business owners can overcome the Survival Trap due to the Coronavirus Pandemic by thinking profit first. Learn about the Four Core Principles of Profit First. First Steps to putting Profit First into motion. And much more…. To learn more about Profit First visit Rocky Lalvani’s website at www.profitcomesfirst.com. You can also listen to Rocky’s podcast Profit Answer Man at www.profitanswerman.libsyn.com. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. If you are considering a transition in your family business in the next 3-5 years contact us today for a FREE Business Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value) Until next time, There’s No Business Like Family Business…..We Know!
30:05
January 15, 2021
Episode 35: Lawrence Mize – Lui Heimansohn Steel and Salvage – The Heimansohn Family nears 125 Year Milestone in Business
*Airdate 12/14/2020 Your host, Greg Lewis, talks to Lawrence Mize, Lui Heimansohn Steel and Salvage, located in Clarksville, Tennessee. Lui Heimansohn first started a trading post in the Cadiz, Ky in the late 1800’s before moving to Clarksville, Tn to open a storefront in 1896 to access rail and river trade. Joined by his three sons, the family business continues on today with the fourth generation now involved. In this episode of Family Business Today Lawrence Mize will share: What starting a business in the 1800’s was like and how it has transitioned over the past 125 years Their secret to success is living within your means and not overextending The importance of family values are no different today than they were in 1896 – Treat Your Customer Well and Always Go the Extra Mile Importance of creating memories with your family outside of business will last a lifetime Advice for next generation thinking a bout joining the family business – Have Patience, Change is Difficult for the Now Generation, Transition is  Process not an Event What the next 125 years looks like for Lui Heimansohn Steel & Salvage And much more…. To learn more about Lui Heimansohn Steel & Salvage visit their website at www.luiheimansohn.com. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. Until next time, There’s No Business Like Family Business…..We Know! Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
35:10
January 15, 2021
Episode 34: John Taylor – NashvillePrinting.Com – The Coolest Family Printing Company in Town
*Airdate 11/16/2020 Your host, Greg Lewis, talks to John Taylor, President of Minuteman Press and Nashville Printing Company located in Nashville, Tennessee. Nashvilleprinting.com is owned by the Taylor Family. In business in Nashville for over 20 years, they have grown from a small franchise printer into a mid-size commercial printer and internationally-recognized branding specialist. In this episode of Family Business Today John Taylor will share: What John’s Dad instilled in him to continue the legacy of being a printer How the Taylor Family is raising up the next generation of family business members His advice to parents who may be considering inviting their children to join the family business How he establishes boundaries between work and personal/family relationships How the Taylor Family deal with disagreement in business matters What the future looks like for the Taylor Family and Nashville Printing Company And much more…. To learn more about Minuteman Press and Nashville Printing Company visit their website at www.nashvilleprinting.com At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. Until next time, There’s No Business Like Family Business…..We Know! Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
32:57
January 15, 2021
Episode 33: Aaron Walker – Iron Sharpens Iron, Inc. – Leading a Life of Excellence
*Airdate 9/18/2020 Your host, Greg Lewis, talks to Aaron Walker, Life and Business Coach and Masterminds for Men. Aaron has founded more than a dozen companies over the past 41 years. He attributes much of his success to having surrounded himself with his mastermind counterparts. Aaron is the founder of Irons Sharpens Iron, Inc. Mastermind that now host 19 groups with National and International Members. Aaron lives in Nashville, Tennessee with his wife, Robin, of 41 years. He has 2 incredible daughters and 5 beautiful grandchildren. In this episode of Family Business Today Aaron Walker will share: Living a Life of Excellence is not just about you. If you could change just one life, would it be worth it? Why being held accountable is important as an individual and as a business leader Being a member of a Mastermind helps us to uncover our blind spots and helps to make us a better person Importance of establishing boundaries between work and personal/family relationships Why being a member of a mastermind is more important today than ever before due to the pandemic The difference in a personal board of directors and a company board of directors And much more…. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. Until next time, There’s No Business Like Family Business…..We Know! Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
37:09
January 15, 2021
Episode 32: Laurie Spradley – VP of Operations and Brand Development at Goo-Goo – A 100 year old American Candy Bar wrapped in Family Tradition
*Airdate 8/31/2020 Your host, Greg Lewis, talks to Laurie Spradley, Vice President of Operations and Brand Development at Goo-Goo Candy Company located in Nashville, Tennessee. In 1912, in a copper kettle at the Standard Candy Company at Clark & First Avenue in Nashville, TN, America's first combination candy bar was invented. A roundish mound of caramel, marshmallow nougat, fresh roasted peanuts and real milk chocolate the Goo-Goo was a treat that I couldn’t wait to enjoy as a child. I still enjoy them today!!! Goo-Goo continues to be owned and operated by the Spradley Family. Their Goo-Goo Shop and Desert Bar located at 116 3rd Avenue South in Nashville  is a must stop on your next trip to Music City USA. In this episode of Family Business Today Laurie Spradley will share: What’s in a name? You can hear the story here! Why the back story of a family brand is important to future generations and to those they serve Hear Laurie’s story of her journey home from New York to join the family business How boundaries are established  between work and personal/family relationships Advice to Mom and Dad on inviting their children to join the family business And much more…. To learn more about Goo-Goo Candy visit their website at www.googoo.com. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition. Family Business Mastermind Groups are now forming for the Fall. To learn more and join a group follow the link. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. Until next time, There’s No Business Like Family Business…..We Know! Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
23:14
January 15, 2021
Episode 31: Anna-Vija McClain – Piccolo Marketing – There’s No Business Like Family Business…..A Marketing Perspective
*Airdate 6/24/2020 Your host, Greg Lewis, talks to Anna-Vija McClain. Anna-Vija is an award-winning entrepreneur, speaker and sought-after expert on topics related to small business growth and professional development for young, ambitious talent. Her company, Piccolo Marketing, helps small business owners achieve unprecedented growth through the development of marketing strategies, business development campaigns, and implementation of processes and systems that maximize efficiency. Every day the business universe is cluttered with messaging ideas and repurposed content coming from marketers and thought leaders everywhere. As a family business owner, you know you need your messages to stand out from all that chatter, and you also understand that the best way to do that is to create a unique message that stands out. What are some best practices that family business owners should consider? In this episode of Family Business Today Anna-Vija McClain will share: What’s in a name? Specifically a family business name as a brand? Will being a family owned business give you a competitive edge in the marketplace? Marketing ideas to build long term relationships with your customers Why training is important to grow your business and your team Tools recommended to use in your content marketing strategy And much more…. To learn more about Piccolo Marketing’s Piccolo University, an online marketing training program, visit  https://piccolo-university.teachable.com/. To signup for their Mentorship Program go to https://piccolomarketing.com/piccolo-marketing-mentor/. Use Coupon Code ‘family’ for a 10% Discount. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition. To learn more, visit our website at www.tncfb.com. Until next time, There’s No Business Like Family Business…..We Know! Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
39:17
January 15, 2021
Episode 30: Steve French – President of The Signatry – Creating a Charitable Giving Strategy for Your Family and Your Business
*Airdate 5/12/2020 Your host, Greg Lewis, talks to Steve French, President of The Signatry. The Signatry partners with families, advisors, and ministries by leveraging their creativity, innovation, and biblical values to transform the world through each last check signed to solve the world’s problems. Today’s news is filled with stories on the effects of the coronavirus pandemic on the economy, healthcare, finances and jobs. We see the hundreds of cars lined up at drive-thru food banks, the millions of people searching for jobs. The good news is that charitable giving has spiked as fast as the virus, filling in the gaps of government response to the crisis. Like our first responders, your family and business can get involved in supporting the relief efforts needed today and create a charitable giving strategy for your family and your business that will continue in the years to come. In this episode of Family Business Today Steve French will share: Why having a charitable giving strategy is important to a family and their business What is difference in being a business owner and being a steward What is the importance of building a legacy for your family and your business What are options in creating a charitable giving strategy How do you make a decision on where to invest your money through charitable giving We will hear some examples of family businesses who have successfully created a legacy through charitable giving And much more To learn more about creating a charitable giving strategy for you and your business read Steve French’s book Investing and Faith: The Impact of Faith-Based Investing available at Amazon. To begin a conversation on creating a charitable giving strategy for your family and your business visit their website at www.thesignatry.com. At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition. To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
35:05
January 15, 2021
Episode 29: Joan Burge – Founder and CEO of Office Dynamics International – Surviving the Death of a Spouse in your Family Business
*Airdate 1/14/2020 Your host, Greg Lewis talks to Joan Burge, Founder and CEO of Office Dynamics International, about her family business located in Las Vegas, Nevada. Since 1990, Office Dynamics International has been the global industry leader in the development and presentation of sophisticated executive and administrative assistant training, coaching and resources. Whether it's the head of the family or another relative who's directly or indirectly connected to the business, any death can disrupt the path of the family , causing the family business to veer off course. Like happiness, the exact opposite emotion, grief floods our rational decision making and overturns our daily routines; but unlike happiness, grief can linger for a very long time. How should a family business deal with such a powerful emotional event? In this episode Joan Burge will share: Her story dealing with the loss of her husband and her own personal health challenges The affect grief had on her personally and on their business The importance of having a contingency plan in place prior to the disability or death of the owner,    spouse or other family member in the business Her advice to a spouse or other family member who are grieving and need to guide their business through a difficult time Her stories will inspire you to hang on no matter what, to see the light in the darkest night and to know you are stronger than you imagine And much more Wherever you are in life, whatever your age or marital status, Joan's story will lift your spirit and motivate you to reach for your dreams despite any obstacle or barrier. In her memoir, Give Yourself Permission to Live a BIG Life, Joan speaks with wisdom and clarity to every woman in every walk of life, tackling the multi-faceted ever-changing roles of today's woman with candor, wit and straight talk. Her stories will inspire you to hang on no matter what, to see the light in the darkest night and to know you are stronger than you imagine so you can remove whatever holds you back from becoming all you were created to be: fully invigorated in every aspect of life. To purchase a copy of Joan’s memoir follow this link: Give Yourself Permission to Live a BIG Life. To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com To learn more about Joan Burge’ family business, Office Dynamics International, Inc, visit their website at www.officedynamics.com Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
41:44
January 15, 2021
Episode 28: Jeff Aiken – President of Tennessee Farm Bureau – The Family Farm, Obstacles and Opportunities Farmers are Facing Today
*Airdate 11/5/2019 Your host, Greg Lewis talks to Jeff Aiken, President Tennessee Farm Bureau, on the future of the family farm and what the Tennessee Farm Bureau is doing to support farmers in Tennessee and across the nation. Mr. Aiken and his wife, Carol, own a multigenerational family farm located near Telford, in East Tennessee, in addition to his responsibilities as President of the Tennessee Farm Bureau, the largest state Farm Bureau in the nation,  located in Columbia, Tennessee. Of the 2.1.million farms in the United States 97 percent are family owned operations. Family farms have a multitude of  issues to worry about. Whether it is high taxes, increasing regulatory burdens, and trouble selling their products internationally, it seems like government bureaucracy is making it harder to run a family farm today. It is becoming even harder for farms and agribusinesses to successfully transition their farms to the next generation because the process seems too complex and intimidating to their owners. In this episode Mr. Aiken will share: The importance of family values to building a legacy for your family and your business How important succession planning is to protect the family farm What the greatest threat is to the family farm today How estate taxes are threatening the future of the family farm The importance of the 2018 Farm Bill to the family farm What affect China tariffs on imports are having on the US economy And much more... To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. For more information on the Tennessee Farm Bureau visit their website at www.tnfarmbureau.org Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
39:43
January 15, 2021
Episode 27: Jennifer Lewis – President of TNCFB – Managing Stress in the Family Business
*Airdate 10/8/2019 You may have heard it before, “Business is Business and Family is Family and never the two shall meet …unless you work in a family business.” Your host, Greg Lewis talks to Jennifer Lewis, President Tennessee Center for Family Business, on managing stress in the family business. Jennifer is a professional family counselor and career coach. A graduate of Covenant Seminary in St. Louis with a Master’s Degree in counseling, Jennifer helps individuals and families deal with the curve balls that life throws them. Life would be dull if you didn’t deal with stress. Everybody has it, the difference is in how you deal with it. In this episode Jennifer will share: Keys to manage stress properly How stress impacts relationships in a family business Ways to take care of yourself so you can take care of others Steps you can take now to help you cope with stress When it is important to seek outside help To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
34:09
January 15, 2021
Episode 26: Eileen and Anne Huntington – Huntington Learning Centers – Powerhouse mother-daughter duo Work Together in Their Family Business
*Airdate 8/27/2019 Your host, Greg Lewis, talks to Eileen Huntington, co-founder and her daughter, Anne Huntington, VP Business Development at their family business, Huntington Learning Centers. The relationship between a mother and daughter can only truly be understood by mothers and daughters. If you love each other tremendously, enjoy spending time together and trust each other, then working together in a family business may be just for you. If you don’t, then working together in the family business is the last thing you should do. On today’s podcast you will learn: How working with your children differs from non-family members Should parents encourage children to do something else before joining the family business How to separate the role of parent and boss when family members are not in agreement on business matters Role of vision and family values play in business success How to balance mother-daughter relationships when working together One piece of advice for daughters who may be considering joining the family business And much, much more!! Our guest today has been Eileen and Anne Huntington with Huntington Learning Centers. Huntington Learning Centers recently celebrated their 40th anniversary providing excellence in education. They provide tutoring services to elementary, middle school and high school students in 100’s of locations across the country. To learn more about Huntington Learning Centers visit their website at www.huntingtonhelps.com. To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
36:01
January 15, 2021
Episode 25: Travis Harms – Mercer Capital – Business Valuation, What It Is and Why Is It Important for Your Family Business to Have One in Your Business Transition Plans?
*Airdate 7/30/2019 Your host, Greg Lewis, talks to Travis Harms, Sr. Vice President at Mercer Capital located in Memphis, Tennessee about the importance of a business valuation in helping you and your family have a realistic understanding of the value of your business and/or the value of your shares. This is critical for business and personal decision-making and planning for you and your family business. There are a number of reasons family business owners need a valuation done. These include: begin a sale process, resolve shareholder disputes, business planning & future decision-making, determine your tax obligations, litigation purposes(including divorce) ability to access external sources of funding On today’s podcast you will learn: How the value of your business is calculated Establishing a value is important whether you transfer to the next generation or to a third party A valuation is great for transition planning and a positive communication tool for all family business shareholders There are three different valuation methods for your business (asset approach; income approach; market approach How  a business valuation is used in a buy-sell agreement Why a business valuation is important in the case of the sudden death of a business owner or other shareholder What a business valuation costs And much, much more!! Our guest today has been Travis Harms. Travis  is Sr. Vice President at Mercer Capital located in Memphis, Tennessee where he leads Mercer Capital’s Family Business Advisory Services Group. Travis’s practice focuses on providing financial education, valuation, and other strategic financial consulting to multi-generation family businesses. Travis is the author of the book, the 12 Questions That Keep Family Business Directors Awake at Night and co-author of Business Valuation: An Integrated Theory, Second Edition, with Z. Christopher Mercer. To learn more about Mercer Capital visit their website at www.mercercapital.com To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
42:12
January 15, 2021
Episode 24: Laurie Straus Aronoff and Andy Straus – Goldner Associates, Nashville, TN – Sibling Success, When Brother and Sister Work Together in a Family Business
*Airdate 7/8/2019 The world of family business is full of stories of siblings who didn’t see eye to eye. In today’s podcast we’ll hear from a 4th generation brother and sister combo who have carefully managed these relationships to be both productive and fulfilling for their business and their family. You will learn: Make your own mark in business before joining the family business prepares you to join the family business The role you take in the family business should be based on the skill sets you are best suited for not family hierarchy Develop rules when dealing with conflict – communications, honesty, and respect; talk it out Advice for siblings considering joining the family business – Talk about it a lot before making the plunge; have a clearly defined role that matches your skill set Develop boundaries between family and business in family gatherings. Remember spouses and children may not understand or even be interested in the operations and issues of your family business Have fun! Our guest today has been Laurie Straus Aronoff and Andy Straus, 4th generation owners, of Goldner Associates founded in 1951 in  in Nashville, Tennessee. To learn more about their family business, Goldner Associates, visit their website at www.goldnerassociates.com. To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com.
37:52
January 15, 2021
Episode 23: Dr. Paul White – Co-author of The Five Languages of Appreciation – Practical Ways for Family Business Leaders to Communicate Authentic Appreciation
*Airdate 6/5/2019 Leading a business is tough enough, but when family is involved the leader will experience the benefits and challenges associated with family owned business when it comes to communications. In today’s podcast, we will get answers to these and other questions: When does a business owner wear the parent or BOSS hat in making tough decisions? How do I start the conversation with family members about transition planning? How can a business owner ensure character and values successfully transition to future generations in the business? How do I differentiate work roles vs husband/wife roles? And much much more! Our guest today is Dr. Paul White. Dr. White is a psychologist, speaker and leadership trainer who “makes work relationships work.” He is the co-author of three books including The Five Languages of Appreciation in the Workplace with Dr. Gary Chapman, author of the #1 NY Times bestseller, The 5 Love Languages. Dr. White and Dr. Chapman have developed practical ways for leaders and employees to communicate authentic appreciation that leads to increased employee engagement, lower staff turnover and more positive work environments. To learn more about the Tennessee Center for Family Business, check out our website at www.tncfb.com
36:24
January 15, 2021
Episode 22: Brad Franc – Surviving the Business Transition
*Airdate 5/2/2019 Succession Planning is an unfamiliar challenge for most business owners. The anxiety of planning is often aggravated when family members are involved in the business. Our guest today is Bradley J. Franc. In his new book The Succession Solution: The Survival Guide for Business Transition, Bradley provides both an explanation of the importance of succession planning, as well as practical, straightforward and proven system that can be used to continue your business in the next generation, whether your successor is a family member(s), an employee, or a third party. To learn more about the Tennessee Center for Family Business, visit our website at: www.tncfb.com
32:54
January 15, 2021
Episode 21: Gary Ringger – Founder/President of Lifesong for Orphans – Author of Radical Business, From Ownership to Stewardship
*Airdate 3/20/2019 Gary and his family are former owners of Ringger Feed and Ringger Foods in Gridley, Illinois.  In his book, Radical Business, From Ownership to Stewardship, Radical Business shares how God used a failing business to change Gary Ringger's definition of success - ultimately leading him on a path from that of a business owner to a business steward. It also shares how this journey led to the founding of Lifesong for Orphans, a ministry that serves over 16,000 children worldwide. This book challenges the reader to develop a radical business plan and gives practical advice on how to do so. In today’s episode, Gary will share: What was the special contract he entered in to when business wasn’t going well? How did he come to view confrontation as opportunity? What role did fear play in his business decisions & how did he handle that fear? How did he decide the direction he wanted to go after he sold his family business? To learn more about Gary Ringger and Lifesong for Orphans, visit their website at: www.lifesong.org. To purchase Gary’s book, Radical Business, From Ownership to Stewardship, order on line at Amazon or www.Radicalbusiness.co. To learn more about the Tennessee Center for Family Business, visit our website at: www.tncfb.com
35:04
January 15, 2021
Episode 20: Steve Woodruff – The King of Clarity – His Secret Weapon for Generating the One Revenue Source that Will Most Effectively Fuel Your Business
*Airdate 2/5/2019 In today’s episode, Steve will share his secret weapon for generating the one source of revenue that will most effectively fuel your business: referrals What are the two “moments of truth” in your message? Why clarity is so important at radio station WIIFM? Why do you need to define and embrace your “pigeon-hole”? Why are stories so important?  What are the best kinds of stories? How do you identify your “super-power”? To learn more about Steve Woodruff, visit his website at: www.clarityfuel.com. To purchase or download a copy of Steve’s book Clarity Win$. Get Heard. Get Referred, go to: www.claritywins.org To learn more about growing your family business and planning for a successful transition, check out our website at www.tncfb.com Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
34:59
January 15, 2021
Episode 19: Chris Paulk – Muscadine Products Corporation – Family Agri-business
*Airdate 11/15/2018 Chris is a 3rd generation member of his family agribusiness located in Wray, Georgia.  Started by Chris’ grandfather, Jacob Paulk, Muscadine Products Corporation is an agribusiness enterprise based in the middle of the world’s largest muscadine vineyards. In today’s episode, I will ask Chris to share: How his grandfather invited Chris to start a new venture on the family farm after he graduated from college. Paulk family values Chris learned from his Grandfather and Dad that have been successfully transferred from generation to generation? How Chris and his family deal with disagreements on business issue. Things he learned about working in the family business that might be helpful if you are considering joining your family business. What has been the greatest challenge to the Paulk family business since his grandfather died in 2017. To learn more about Chris Paulk and Muscadine Products Corporation, visit their website at: http://www.muscadineproducts.com Are you interested in learning more about growing your family business and planning for a successful transition? Check out www.tncfb.com/ Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
39:08
January 15, 2021
Episode 18: Charles Hatcher – Hatcher Family Dairy – His 5-Generation Family Dairy Operation Since 1831 in the College Grove, TN Community
*Airdate 11/14/2018 In today’s episode, I will ask Charles to share: With only 4% of family businesses successfully transitioning to the 4th generation and beyond, what has been his family’s secret to success? With 5 generations there have been a lot of children, grand-children and great-grandchildren. How did the family decide who was and who was not going to join the business? What Hatcher family values where you taught that have been successfully transferred from generation to generation in your family business? What are some things you learned about working in the family business that might be helpful to our listeners who are considering joining their family business? What advice would you offer to a Mom or Dad who is considering inviting a son/daughter to join the family business? What does your family talk about around the Sunday Dinner table? To learn more about Charles Hatcher and Hatcher Family Dairy, visit their website at: www.hatcherfamilydairy.com To learn more about growing your family business and planning for a successful transition, visit www.tncfb.com/ Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
36:36
January 15, 2021
Episode 17: Aaron Flinn – Real-Life Family Business Case Studies
*Airdate 8/22/2018 You will hear real life stories about a company co-owned by two brothers; a family business where parents are treating everyone equally; and a family business where Dad’s “second marriage” combines “new kids” and a child from Dad’s first marriage who is actively involved in the business. Business owners and entrepreneurs, corporate officers and executives, and investors and families with inherited assets seek advice from Aaron Flinn for the purpose of ensuring financial stability and continued prosperity.  Serving clients with trust and estate as well as wealth preservation needs, Aaron helps craft and deliver strategies that reflect the client’s values while capturing the tax benefits available given their current circumstances. In today’s episode, I will ask Aaron to share: How would a buy-sell agreement have helped avoid the deadlock that occurred in the business owned 50/50 by brothers when one brother died unexpectedly? What would you suggest to parents to transition from treating their children “equally” to treating them “equitably” in their family business? Why is it important that children be given roles in the company that are appropriate to their capabilities and be paid accordingly for the work they do? How should the conversation between Dad and his new wife about the family business be started when a Dad is about to get married for a second time and there are children from both parents involved? To learn more about Aaron Flinn and Waller Law visit their website at www.wallerlaw.com To learn more about growing your family business and planning for a successful transition,  check it out at www.tncfb.com/ Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
42:57
January 15, 2021
Episode 16: Cal Turner, Jr. – My Father’s Business, the Small-Town Values that built Dollar General into a Billion Dollar Company.
*Airdate 8/7/2018 On today’s podcast we will be talking about Cal’s trials and tribulations both within his family and within his family business, Dollar General; what he learned; and how his experiences working in a family business might benefit you where you are today in your family business. Cal Turner, Jr. grew up in a Scottsville, Kentucky household where business and family were one.  After graduating from Vanderbilt University, he served three years as an officer in the United States Navy before beginning his career at Dollar General.  He served as CEO for 37 years and during his tenure the number of Dollar General stores rose from 150 with sales of $40 million, to more than 6,000 with sales in excess of $6 billion. In today’s episode, I will ask Cal to share: Why was it important to write this book about the Turner family business now? What is the significance of the terms “an old man’s caution” and a “young man’s ambition”? How did your desire to be a people pleaser influence your relationships with family, employees, board members and investors when you eventually took over leadership at Dollar General? What were your mom’s 3 rules about fighting? What advice would you give a father/mother whose work defines them about letting go and allowing the next generation to carry on the legacy? Why is philanthropy so important to your family business? If you have a question about working in your family business or succession planning, contact us at info@tncfb.com. To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
40:17
January 15, 2021
Episode 15: David Wells – “Family Governance – What it is and Why it is important for a family business to have a governance model”
*Airdate 7/25/2018 No matter what the size of a family enterprise, the unique – and often volatile – mix of personal family relationships, business strategy and ownership criteria can create an emotionally charged environment that makes decision-making, not to mention day-to-day management…… Challenging.  And as the founding generation ages, succession and power issues across an expanding family can create cascading concerns. In a study by pwc Global, 71% of family enterprises have NOT adopted any procedures for resolving conflict between family members. In today’s episode, David will tell us: What is the Difference in a Family Council and a Board? What are the Benefits of having Structured Governance no matter what size Family Business you have? How does having Family Council Meeting help in Estate and Succession Planning for the Family Business? What would be the First Steps a Family Business Leader might take to set up a Family Council for your Business? To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
48:10
January 15, 2021
Episode 14: JK Elkin – Attorney at Law, Spicer Rudstrom PLLC – What I Learned from Working with my Dad in Business
*Airdate 7/13/2018 A 2014 study showed that women – mostly daughters – are increasingly being selected to take over their family-owned businesses.  Among conclusions in the study, “Women in Leadership:  The Family Business Advantage”, by EY and Kennesaw State University in Atlanta, one of the most compelling was that “70 percent of family businesses are considering a woman for their next CEO, and 30 percent are strongly considering a woman for the top spot.” On this episode of Family Business Today, Greg Lewis interview JK Elkin with Spicer Rudstrom PLLC to discuss her experiences working with her Dad in their family business, National Dance Clubs. JK put her law practice on hold in 2007 and took over the family business, The National Dance Clubs. If you are a daughter or a Dad working together in business, you don’t want to miss the insights that JK learned from working with her Dad in this podcast. In today’s episode, I will ask JK to share: What led up to her decision to put her law practice on hold and return to the family business? What were the biggest personal challenges she faced in returning to the business which employed several family members? Who were her mentors outside the family? How were disagreements among family members handled? What difference may there be between Father/Son and Father/Daughter relationships? What advice would she give to a Mom or Dad who is considering inviting a daughter to join the family business? What advice would she give a daughter who is considering joining her family business? What was the emphasis on treating everyone fairly versus equally? To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
26:00
January 15, 2021
Episode 13: Tim Jamison – Vice President, Prairie Capital Advisors…Developing an ESOP Plan for Your Family Business
*Airdate 6/19/2018 Nearly 50% of successful business owners want to exit their companies within the next five years. Is an ESOP right for me? You don’t want to miss this podcast! On this episode of Family Business Today, Greg Lewis interviews Tim Jamison with Prairie Capital Advisors to discuss his experiences involved in developing Employee Stock Ownership Plans (ESOP) and the advantages of an ESOP for business owners. Tim describes an ESOP as a form of business transition that gradually transfers to the employees of the business over time. Many business owners view this as a great way to reward the employees who have helped them build their business over the years and a way to help those employees with their retirement. In today’s episode, I will ask Tim to share: What does an ideal company look like for an ESOP? Do you have to give up ownership of your business to create an ESOP? How you can receive tremendous tax benefits from Uncle Sam by implementing an ESOP? Who is and what role does a Trustee play in an ESOP? Why valuing your business at Fair Market Value is important? What are the cost to implement an ESOP? Ways to customize an ESOP Plan for your business. If you have a question about ESOP or succession planning, contact us at info@tncfb.com. Welcome to Family Business Today where we feature prominent local and national family business owners. We also talk to top family business experts to discuss relevant topics including communications, business culture, family relationships, succession and estate planning, values as well as conflict resolution.  To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
37:46
January 15, 2021
Episode 12: Dr. Jacob Avila – Developing Healthy Family Relationships...A Vital Component to Family Business Success
*Airdate 5/16/2018 On this episode of Family Business Today, Greg Lewis interviews Jake Avila to discuss his experience being involved in his family's business and his academic research related to healthy family relationships in family business. Jake’s father and mother began their family construction business in the downstairs bedroom of their home in Riverside, CA in 1990 and the business has grown and diversified over the years to include disaster restoration, demolition, framing, commercial real estate investments and later adding a Mexican restaurant started by his mother and grandmother. As the oldest of 5 children, Jake was involved from the beginning as a youngster helping pick up on construction sites, later to working on sites and eventually to project management and developing policies and standard operating procedures while pursuing his academic career. Jake discusses the characteristics of healthy relationships in family businesses that include: resolving conflict in a way that is productive; the importance of the level of trust among family members; looking at how decisions are made; relationship between clear goals and values; and the “A-ha” moment that helped him make sense of the experience of family business. Family Business Today is hosted by Greg Lewis. Family Business Today is produced by the Tennessee Center for Family Business. To learn more about the Tennessee Center for Family Business, visit our website at: www.tncfb.com Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
33:38
January 15, 2021
Episode 11: Dana Holmes – Tips for Planning and Funding a Successful Family Business Transition
*Airdate 5/2/2018 On this episode of Family Business Today, Greg Lewis interviews Dana Holmes of 2nd Generation Capital to discuss planning and funding an exit that includes an eventual passing of the family business to your children. 2nd Generation Capital was originally formed in 1994 to meet family shareholder needs for liquidity, growth financing and ownership transition services. The company services have evolved to provide value for clients at every stage of a company’s lifestyle. Dana Holmes, Managing Member, joined 2nd Generation in 2006. Dana emphasizes that it is never too early to discuss planning a transition and the biggest hurdle to overcome is poor communication.  He discusses the need to determine the fair market value of the business to avoid unrealistic expectations by both the founding members and the next generation.  He also points out options available, risks involved, 3 crucial reasons to have a buy-sell agreement, and the needs for open discussion, research and careful thought processes. To learn more about 2nd Generation Capital, visit their website at: www.2ndgeneration.com Family Business Today is hosted by Greg Lewis.  Family Business Today is produced by the Tennessee Center for Family Business.  To learn more about the Tennessee Center for Family Business, visit our website at: www.tncfb.com Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
35:57
January 15, 2021
Episode 10: Matt Bodnar – Fresh Hospitality – A Son's Viewpoint on What Makes it Work When Working with Dad in the Family Business
*Airdate 3/5/2018 On this episode of Family Business Today, Greg Lewis interviews Matt Bodnar of Fresh Hospitality regarding the development and involvement of the next generation in the business. Fresh Hospitality is primarily an investment company that invests across the food and restaurant value spectrum, with primary focus in restaurant operations and real estate development.  Their business includes 18 restaurant brands at over 180 locations, primarily in the southeast. Matt shares his insights into how he valued having an open dialogue with the founding generation prior to joining the family company; the biggest challenges in joining the family business; the importance of outside advice and mentoring resources; dealing with disagreements; and advice for those considering joining their family business as well as advice for founders considering having one of their children join the business.  Matt also describes his work as an “accidental podcaster” on his program called “The Science of Success”. To learn more about Fresh Hospitality, visit their website at: www.freshhospitality.net Family Business Today is hosted by Greg Lewis.  Family Business Today is produced by the Tennessee Center for Family Business.  To learn more about the Tennessee Center for Family Business, visit our website at: www.tncfb.com Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
36:02
January 15, 2021
Episode 8: Bill Bellet – The Legacy Consulting Group
*Airdate 1/30/2018 On this episode of Family Business Today, Greg Lewis interviews Dr. Bill Bellet of the Legacy Consulting Group in Nashville, TN. Bill has over 25 years’ experience in the “relationship business” as a clinical and consulting psychologist.  He specializes in conflict resolution, family owned business succession and strategic planning, coaching and developing leaders, career counseling and relationship issues which arise between partners and family members in privately held companies. Bill holds a Doctorate in Clinical and Consulting Psychology from Vanderbilt University. Bill discusses how being fair is not always being equal in family businesses.  He gives insight into the dynamics of family businesses – “insiders vs outsiders” – and the importance of finding ways to make both stockholders and shareholders feel that they are involved, informed and contributing to the success of the family business.  He also discusses the top issue that all family businesses have in common – avoiding conflict; choosing leaders from the next generation; the top 3 things that family businesses struggle with; and the importance of having someone who can help family business owners and leaders to be objective as they work through these issues. To learn more about The Legacy Consulting Group, visit their website at: www.tlcg.org Family Business Today is hosted by Greg Lewis.  Family Business Today is produced by the Tennessee Center for Family Business.  To learn more about the Tennessee Center for Family Business, visit our website at: www.tncfb.com Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
49:25
January 14, 2021
Episode 7: Jenny and Evan Owens – Reboot Combat Recovery
*Airdate 1/17/2018 On this episode of Family Business Today, Greg Lewis interviews Jenny Owens and Evan Owens who are co-founders of Reboot Combat Recovery. Reboot Combat Recovery is a non-profit organization that provides a 12 week course to combat veterans and their families that helps them deal with the spiritual side of healing from combat trauma, post traumatic stress and moral injury.  The business began in Jenny & Evan’s living room in 2011 and has grown to serve veterans and families in 100+ locations in several states and also in Australia. Jenny and Evan discuss the process that they went through to scale their business from a family ministry to becoming a larger non-profit organization.  They share the values that each of them brought to the business, how they deal with decision making and disagreements, managing boundaries between home and family with two young boys, importance of trusted advisors,  and advice they would give to husbands and wives who are involved in or thinking about getting involved in business together. To learn more about Reboot Combat Recovery, visit their website at: www.rebootrecovery.com Family Business Today is hosted by Greg Lewis.  Family Business Today is produced by the Tennessee Center for Family Business.  To learn more about the Tennessee Center for Family Business, visit our website at: www.tncfb.com Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
38:06
January 14, 2021
Episode 6: Dana Holmes – 2nd Generation Capital
*Airdate 1/2/2018 On this episode of Family Business Today, Greg Lewis interviews Dana Holmes, the Managing Member of 2nd Generation Capital since 2006. 2nd Generation Capital is a boutique firm in Nashville affiliated with local accounting firm Kraft CPAS.  They serve as a broker/dealer and investment banking firm that provides advisory work, valuations, exit planning and strategic planning focused on privately held businesses. Dana discusses many of the issues that arise in the process of transferring control of a business from generation to generation including:  the importance of transferring skills, not just equity; advantages of a family meeting structure; practices that lead to the best transitions; “company habits”; key employees; roles of non-active family members; and how to’s on determining a leader. To learn more about 2nd Generation Capital, visit their website at: www.2ndgeneration.com Family Business Today is hosted by Greg Lewis.  Family Business Today is produced by the Tennessee Center for Family Business.  To learn more about the Tennessee Center for Family Business, visit our website at: www.tncfb.com Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
40:21
January 14, 2021
Episode 5: Dorcas Cheng-Tozun – Author of Start, Love, Repeat: How to Stay in Love With your Entrepreneur in a Crazy Start-Up World
*Airdate 12/12/2017 On this episode of Family Business Today, Greg Lewis interviews Dorcas Cheng-Tozun, author of Start, Love, Repeat:  How to Stay in Love with your Entrepreneur in a Crazy Start-Up World, concerning the conversations husbands and wives should have about their family business partnership.  It is valuable prescriptive guide to how to keep your relationship strong when there’s a start-up in the family. The idea of starting your own business is exhilarating and inspiring. It’s one over 30 million Americans pursue. But being the significant other of an entrepreneur is not so glamorous. Boundaries between work and home disappear. Personal savings and business funds become intertwined. You can feel like a single parent as your spouse travels, works late hours, and answers calls and e-mails 24-7. You may even sacrifice a career or move your home for the sake of the business. But there are strategies you can use to combat all this stress and uncertainty. Whether you’re new to the start-up world, or a long-term entrepreneurial partner, START, LOVE, REPEAT will help you understand exactly how a start-up affects your lives-and what you can do to build a happy and healthy relationship in the midst of the madness.  Dorcas Cheng-Tozun has not only done extensive research, she has lived through the perils and pitfalls of being with an entrepreneur as the wife of the CEO and cofounder of successful start-up d.light. She offers clear-sighted, first-hand advice for any couple considering making the same leap. She further draws on interviews with other successful entrepreneurs and their significant others, executive coaches, marriage-family therapists, venture capitalists, and start-up authorities to provide practical insights and steps any couple can take to build a strong relationship while launching that dream business. To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
33:36
January 14, 2021
Episode 4: Steve Richards – Richards and Richards Office Records Management
*Airdate 11/30/2017 On this episode of Family Business Today, Greg Lewis interviews Steve Richards, Founder and Chairman of Richards and Richards Office Records Management, Inc. Richards and Richards is a Nashville based family business specializing in record storage, secure shredding, scanning, data storage and medical waste.  Celebrating their 30th anniversary on May 15, 2017, Steve says that two of the greatest keys to their success as a family business are honesty and taking care of your employees. He says that if you take good care of your employees, then good customer service follows. In this podcast he shares 4 ways they have developed a positive and thriving culture at Richards and Richards and how the business is successfully transitioning to the next generation while they continue to increase the value of the family asset. To learn more about Richards and Richards Office Records Management, visit their website at: www.richardsandrichards.com Family Business Today is hosted by Greg Lewis.  Family Business Today is produced by the Tennessee Center for Family Business.  To learn more about the Tennessee Center for Family Business, visit our website at: www.tncfb.com Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
39:20
January 13, 2021
Episode 3: Jamie Fritz – Dabble Studios
*Airdate 11/13/2017 On this episode of Family Business Today, Greg Lewis interviews Jamie Fritz of Dabble Studios. From DabbleStudio.com: "Dabble Studio is here to give you opportunities to “dabble” in the creative worlds of art, food, and more. Our recreational painting and cooking classes take place in our clean contemporary Nashville studio, a great place to spend an evening with old friends or new, and a terrific venue to consider when planning your next team building event, private party, or bachelorette party." http://dabblestudio.com/ Family Business Today is hosted by Greg Lewis. Family Business Today is produced by the Tennessee Center for Family Business. To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
24:37
January 13, 2021
Episode 2: Andy Marshall – A. Marshall Hospitality
*Airdate 10/2/2017 On this episode of Family Business Today, Greg Lewis interview Andy Marshall, Founder of A. Marshall Hospitality. A. Marshall Hopitality Inc. is a Middle Tennessee-based company comprised of eleven family-owned restaurant and hospitality businesses in Middle Tennessee, including: · Puckett's Gro. & Restaurant, Puckett’s Boat House, Homestead Manor, Scout’s Pub, Hattie Jane’s Creamery, and Deacon's New South. Each family owned eatery focuses on providing friends new and old with home-cooked food and Southern hospitality, the Marshall way.  A. Marshall Hopitality Inc. was recognized on the 2014, 2015 and 2016 Inc. 5000 list of America’s fastest growing companies. With 500-plus employees, the company’s restaurants and hospitality venues achieved a 598% level of growth that earned A. Marshall Hospitality the 653rd spot on the 2016 list. Of the 40 Tennessee companies that made the cut, A. Marshall Hospitality’s growth landed them fifth on the statewide list and third in the Nashville metro area. The company was the state’s only top-20 honoree in the Food & Beverage category. http://amarshallfamilyfoods.com/ Family Business Today is hosted by Greg Lewis. Family Business Today is produced by the Tennessee Center for Family Business. To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
25:53
January 13, 2021
Episode 1: Family and business don’t mix together or do they?
*Airdate 8/31/2017 Welcome to Family Business Today where we feature prominent local and national family business owners. We will also talk to top family business experts to discuss relevant topics including communications, business culture, family relationships, succession and estate planning, values as well as conflict resolution. Brought to you by the Tennessee Center for Family Business, I’m your host, Greg Lewis. Today we will be talking about 3 Simple Rules for Setting Family and Business Boundaries. You may have heard the statement that family and business don’t mix together. The question is “DO THEY?” Co-founder and CEO of Infusionsoft, Clate Mask, would tell us that building a $60 million business with over 400 employees (many of whom are family and friends), and doing it with two brother in-laws, was not easy, but it can be done-well if the right boundaries are set from the get go. There are plenty of pro’s and con’s as to family members working together. Today we will focus on setting three simple boundaries to protect both the family as well as the business from interfering with each other’s purpose and objectives. The First Boundary is.…. Protect Family Time This is much easier said than done. Even for spouses who do not work for the same business, work often becomes the topic of the conversation at the dinner table. The temptation to cross the family / business boundary while at home becomes that much greater when two or more members of the family work for the family business. The Second Boundary is…. Protect the Integrity of The Business It’s not easy, but it’s absolutely imperative that we don’t set different standards for family members versus non-family member employees. This makes much sense on the surface, yet it’s probably one of the most ignored family & business boundaries. Boundary 3…. Protect Relationships Losing family relationships over business is not worth it. People always come first. Relational strain due to unresolved business issues is common, so what boundaries can we set to protect business issues from ruining family relationships? If you have a specific topic that you would be interested in us having a program on, send us an email to info@tncfb.com. To learn more about the Tennessee Center for Family Business, visit our website at www.tncfb.com. Until next time…Thanks for joining us. Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/
08:30
January 13, 2021