Safe Space with Francesco Lombardo Francesco Lombardo

Paul Hutchinson has dedicated his entire life to creating a world where every child can experience safety, freedom and hope.
As an entrepreneur, philanthropist and anti-child trafficking advocate, Paul’s work is underpinned by helping victims to heal from their trauma so that they can go on and live as healthy, functional and emotionally rich adults.
Paul's work extends beyond rescuing trafficked children to helping adults heal their inner child, ultimately liberating humanity from the cycle of abuse and trauma. He believes in the promotion of emotional healing and connection to foster a harmonious and emotionally safe environment for themselves and their families.
In this episode, Paul discusses the importance of understanding the impact of generational patterns and emotional wounds on family businesses, and provides practical techniques to help you break free.
Find more information about Paul and his work at liberating-humanity.com and liberatechildren.org.
CONTENT WARNING: This episode contains descriptions of violence, including child abuse and child trafficking. Please listen with care.
 

Join Francesco Lombardo for this week's Safe Space as he speaks with Felicia Heng, founder and managing director of Wise Purpose, a boutique consulting firm specializing in family wealth advisory, leadership coaching, and next-generation succession.

Felicia shares her diverse expertise in psychology, investments, and family governance, and sheds light on her work with families and the next generation, specifically focusing on the emotional aspects of inheritance and succession.
 
The conversation delves into the profound impact of sudden deaths and accidents on succession planning, and addresses how narratives related to money and wealth play a crucial role in shaping the emotional journey of individuals involved in the succession process.

Felicia’s advice to the Senior and NxtGen…unpack the emotional journey from practical aspects of succession, inheritance, and family business transitions, as clarity in separate narratives allows for better alignment; recognize that this is both an art and a science, seeking support from independent professionals or networks with codified knowledge; and start discussions earlier when everyone is healthier and less stressed, recognizing the importance of time in addressing complex matters, and embracing the proverb that the best time to act was 20 years ago, and the next best time is now.

To contact Felicia Heng, reach out to her at felicia.wisepurpose@gmail.com
 
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Join Francesco Lombardo for this week's Safe Space as he speaks with Julie Charlestein, a fourth-generation President and CEO with Premier Dental.

Julie shares the inspiring journey of the business, which started with her grandfather, Julius Charlestein, who was a dental instrument sharpener and eventually evolved into a global leader in developing and manufacturing innovative dental consumables.

Julie and Francesco discuss the importance of having governance structures and a board of directors in place to ensure the business's continuity and success. They highlight the value of open communication and the concept of a "safe space" within family businesses, which is vital for addressing challenges and fostering growth.

Julie’s one piece of advice to the Senior and NxtGen…there has to be a mutual level of respect and sometimes that's a challenge. Under everything, there needs to be a reciprocal respect. Irrespective of the others' views.
 
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On this week's episode of Safe Space, Francesco Lombardo is joined by Chris Larson, a fourth-generation shareholder of a 107-year-old family-owned and operated business, IDEAL INDUSTRIES. In this episode, Franco and Chris discuss the emotional side of transitioning family businesses. Chris emphasizes the importance of addressing the emotional aspects of letting go of control and passing it on to the next generation, not just the intellectual aspects. Highlighting how emotional preparation is crucial for family business success and how coaching family members on an individual basis can help them become content and happy with their roles in the family business. The episode sheds light on the emotional aspects of transitioning family businesses and the importance of addressing them. It's a must-listen for anyone looking to prepare their family business for the next generation.
 
The one piece of advice Chris offers for both the senior and next generations is... it's worth it. It's hard to focus on the emotional stuff, but it's worth it. 
 
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Join Francesco Lombardo for this week's Safe Space as he speaks with Stefanie Kyles, a fourth-generation family business member, and former CEO.

Stefanie discusses financial insecurity that is common in family businesses and how family businesses need accountability and transparency to succeed. She shares her experience negotiating with family members to understand their personal sensitivities around risk, financial security, and lifestyle, and emphasizes the importance of separating emotions from conversations around money.

The one piece of advice Stefanie offers for both the senior and next generations is simple... talk about it.
 
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Join Francesco Lombardo for this week's Safe Space as he speaks with Philip McKeown, a fifth-generation family business owner from Ireland.

Philip discusses family governance and succession planning, as well as his book, Successors Voice, which emphasizes the importance of understanding one's value and role in a family business and the emotional complexities of family dynamics. He also stresses the need to nurture family talent in order to sustain family businesses. Overall, the goal is to prepare successors with the knowledge, confidence, and skills required to successfully integrate into the family enterprise.
 
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