33 min

How Private Businesses Prepare for a Demographic Shift with Greg Romero The Capital Club

    • Investing

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. 
 
Listen in!
 
Key Highlights:
 
[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 greg@romerosolutionsgroup.com and check out his website https://www.romerosolutionsgroup.com/ for more information!
 
Key Quotes:
 
“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:
Website: https://www.romerosolutionsgroup.com/ 
Email: greg@romerosolutionsgroup.com
 
Connect with me on LinkedIn!
LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

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. 
 
Listen in!
 
Key Highlights:
 
[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 greg@romerosolutionsgroup.com and check out his website https://www.romerosolutionsgroup.com/ for more information!
 
Key Quotes:
 
“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:
Website: https://www.romerosolutionsgroup.com/ 
Email: greg@romerosolutionsgroup.com
 
Connect with me on LinkedIn!
LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!

33 min