“According to Family Enterprise USA, family businesses in the US account for over 64% of GDP and employ 62% of the work force. In other words, they are the backbone of our economy. But success doesn’t come easy, only 13% are operating in the 3rd generation. The Family Biz Show is here to help. Listen in to hear stories from other family businesses and industry thought-leaders so that you and your family not only survive but thrive.”
Source: Family Enterprise USA. https://familyenterpriseusa.com/polling-and-research/
Disclaimer: The is not intended to be a substitute for professional investing advice. Always seek the advice of your financial adviser or other qualified financial service provider with any questions you may have regarding your investment planning.
Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and
investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer
(member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and
other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors
Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You
may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your
Ep 38 – Psychological Barriers to Transition in Family Business With Dr. Steven Rolfe & Renee Fellman
During Episode 38 of The Family Biz Show, we talk to Dr. Steven Rolfe* & Renee Fellman* about business problems & family dynamics.
-Major challenges that can occur in transition of the family business
-Chicken or the egg? What the symptoms of those challenges could look like
-How to create a family game plan to manage transition
-The crossover that exists between turnarounds & transitions
*Not affiliated with Lincoln Financial Advisors Corp.
Episode 36: Navigating Change Within the Family Enterprise with Nike Anani & Tsitsi Mutendi
During this episode, we will be focused on the following:
Succession - building a generational bridge to connect the generations.
Governance - shared history, shared values, shared vision.
Navigating disruption and business continuity.
Episode 37: Securing the Future of Your Family Business with John & Jack Doyle
We will cover the following during this latest episode:
How to build and maintain family harmony.
How to keep both your family strong and your business strong without sacrificing one for the other.
How to leverage other people’s talents & skills to help grow or transition your business
Baseball, Hotdogs & Family Business with Julie Camardo & Naomi Silver
During the episode, we’ll cover:
How Zweigle’s has successfully transitioned into the fifth generation.
How Morrie Silver managed to save baseball for Rochester.
What their vision for success is when it comes to family, their business and their employees.
What advice a fifth-generation owner would give to any company with hopes of successfully transferring the family business to generation to the rising generation.
Advanced Exit Planning for the Family Business with Josh Patrick & John Brown
We’ve got another great show for you!
-What is business exit planning anyway and why does it matter?
-How John Brown identified exit planning as a need for family business and what’s changed over the last 25 years.
-Why are business owners not interested in business exit planning, but always interested in increasing business profit?
-How to identify a PERMA-5 and why it’s so dangerous.
Planning Considerations For the Family Business with Gerald Katz & Gary Stack
During this episode, you’ll learn:
1. The 8 questions every family business should be asking themselves.
2. How coordinating your estate and business planning can save your family 20-40% in taxes.
3. The 5 questions your attorney and financial advisor should be asking you – if they aren’t it may be time for a change.