Joining us today is Greg Romero, a management consultant and the Founder & Principal of Romero Solutions Group. Greg helps small to mid-sized family businesses ($2-$50mm in revenue) with longer-term planning, specific strategic needs (e.g., profitability, business operating model redesign, growth, exit/transition preparation), and more tactical problem-solving.
[00:01 - 14:54] Private Businesses on Preparing for a Demographic Shift
Greg discusses his work as a management consultant helping family businesses with their needsHaving a family therapist in order to avoid intergenerational conflictHow the shift in demographics created pressure on private businesses to sell
[14:55 - 31:55] Family Business Leaders Should Know Their Options
Preparing for the transition of family businesses selling or exiting their businessesCompanies must constantly evolve their mission and goals to keep up with their competitors Readiness for external pressures includes company history, values, governance, culture, and non-financial elements
[31:56 - 33:26] Closing Segment
Email Greg via firstname.lastname@example.org and check out his website https://www.romerosolutionsgroup.com/ for more information!
“The more open you are on the way things work, the more trust the employees will have for you.” - Greg Romero
“As that third party, you have a unique or a good opportunity really to provide a perspective that that family members hopefully will not perceive as bias.” - Greg Romero
Connect with Greg:
Connect with me on LinkedIn!
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