The Family Business Podcast Family Business Podcast

On this episode I am joined by Dr. Jim Grubman who is an internationally recognised consultant, speaker, and educator in the multidisciplinary field of family wealth psychology. He works with affluent families and their advisors to understand how wealth and life can be integrated successfully.


On this episode we cover many different topics. We look at how different generations have reacted to recent events and experiences.


We explore the role of governance and discuss what 'good governance' looks like and what it does for families in business.


We explore the 'resilience' and what that really means during this current crisis.


Many families are finding out what areas they have done well in and where they need to learn when it comes to both governance and succession (or transition) planning.


We also look at the important role that advisers play in working with families during these transitions and the elements that make up the 'Generative Alliance' that can help family businesses to thrive.


You can find out more about Jim here: www.jamesgrubman.com


You can connect with him on Linked In here: https://www.linkedin.com/in/jim-grubman-80b4289/ (https://www.linkedin.com/in/jim-grubman-80b4289/)


And on Twitter here: @JimGrubman


Resources mentioned on the episode include this article on the Tharawat Magazine site: https://www-tharawat--magazine-com.cdn.ampproject.org/c/s/www.tharawat-magazine.com/sustain/forged-in-fire-family-resiliency-in-crises/amp/ (https://www-tharawat--magazine-com.cdn.ampproject.org/c/s/www.tharawat-magazine.com/sustain/forged-in-fire-family-resiliency-in-crises/amp/)

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 (https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.facebook.com%2Fguillermo.salazar.nava&data=02%7C01%7CRuss%40familybusinesspartnership.com%7Cf4370cc5b76f4e30fab808d824d95c45%7Ced114aa32143426d8a82e3851f091c9a%7C0%7C0%7C637299863276901036&sdata=2slbqSc6n3R53mGRLnYxH1OD7LZLIibPRGh0EBojQew%3D&reserved=0)


LinkedIn:  https://www.linkedin.com/in/guillermosalazar (https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fguillermosalazar&data=02%7C01%7CRuss%40familybusinesspartnership.com%7Cf4370cc5b76f4e30fab808d824d95c45%7Ced114aa32143426d8a82e3851f091c9a%7C0%7C0%7C637299863276901036&sdata=JiDvASbfMi4IXCRrbEJmZE%2BF1P8EYD02rvBhpBtopwk%3D&reserved=0)


Website:  exaudionline.com (https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fexaudionline.com%2F&data=02%7C01%7CRuss%40familybusinesspartnership.com%7Cf4370cc5b76f4e30fab808d824d95c45%7Ced114aa32143426d8a82e3851f091c9a%7C0%7C0%7C637299863276910993&sdata=v6rl2XbWMk4rGbr8JE0mMLeMKaGnMp%2Bmi62bjCa2AOE%3D&reserved=0)

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:


What families can be doing now


Reviewing why you are in business together


The roles each generation can play


How to build resilience


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/ (https://www.linkedin.com/in/dennis-jaffe-a686286/)

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

Tsitsi Mutendi and Nike Anani are the co-founders of African Family Firms and they have arranged a virtual conference for family businesses with speakers from all over the World. 


Given that travel is restricted and gatherings are forbidden it may not seem the best time to be hosting a global conference. However, through the use of technology, determination and a global community of speakers and advisers Tsitsi and Nike have planned an incredible month of live and pre-recorded talks from leading experts all over the world.


Throughout the month of April we will hear from speakers all over the world with guidance and advice on how to weather the current storm and come out the other side in as good a position as possible.


You can find out more about the conference here: www.africanfamilyfirms.org


You can connect with Tsitsi here: https://www.linkedin.com/in/tsitsi-mutendi-57a791a/ (https://www.linkedin.com/in/tsitsi-mutendi-57a791a/)


You can connect with Nike here: https://www.linkedin.com/in/nikeanani/ (https://www.linkedin.com/in/nikeanani/)

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 Family Business Consultancy is www.thefbc.co.uk and the link to the podcast website is www.fambizpodcast.com