The podcast dedicated to Family Business. Working with your family can be both rewarding and challenging and this podcast provides you with practical tips and guidance on how to tackle some of these challenges.
Upcoming series on Governance, Succession, Family Dynamics and Family Business Theory will explore the uniqueness of family businesses and provide you with the tools to help your business thrive.
Barriers to Succession
Succession Planning is complex and whilst there are financial and technical complexities there are also emotional complexities that can get in the way of succession planning. In this episode I explore those and look at some of the common issues I come across in the work that I do.
We look at whether now is the right time to start succession planning if you haven't already and I share some tips on how you might want to do this.
I also share my views on the different perspectives that are at play across generations that might be creating barriers to progress.
I also introduce you to 'Collections' and my brand new shiny newsletter!
You can find out more about my business by heading over to www.familybusinesspartnership.com
You can find collections and newsletter sign up at www.fambizpodcast.com/episodes
Life outside the Family Business
Debbie Ekins has recently decided to pursue a career away from her family business. This wasn't an easy decision or one that she made quickly.
In this episode I talk to Debbie about her experience, the emotional rollercoaster she experienced whilst deciding what she wanted to do and how she told her parents that she didn't want to take over the family business.
Debbie shares her story and there are a huge number of lessons that can be taken from it.
You can find out more about Debbie here:
On Linked In here: https://www.linkedin.com/in/deborahekins/
and Instagram Here https://www.instagram.com/debbie_does_things/
SPECIAL EPISODE - COVID 19 Update from The IFB
We last spoke with Fiona back in March as we entered the first lockdown here in the UK.
Since then a lot has changed and so Fiona joins us again to provide further insights into the work that she and the Institute for Family Business are doing on behalf of family businesses here in the UK.
We look at the impact that COVID has had and some of the innovation that has been seen from the UK's family businesses.
We discuss what policies the IFB are lobbying Government about, specifically linked to COVID and away from COVID.
We also look at some of the key findings from the 2020 State of the Nation report including an increase in female leadership amongst family businesses.
We look at the fact that family businesses tend not to access all of the support that is available and the impact that may be having on their finances and attitudes to taking on debt.
We also cover the importance of applying for Research and Development credits
Find out more about the TEDx event here:
You can read the State of the Nation report here:
There is additional COVID-19 guidance for family businesses here
You can find the IFB on Twitter: @IFB_UK
and their website is www.ifb.org.uk
Succession Planning Considerations
On this show I am joined by Mike Kane from Turcan Connell.
Mike is a corporate lawyer and works with family businesses to help them with their succession planning.
In this chat we cover what considerations you might want to think over before starting the process of succession planning.
We cover the aspects of an MBO, a dynastic succession and alternatives such as full sale and a sale to an employee owned trust.
You can find out more about Mike here:
and more about Turcan Connell here: https://www.turcanconnell.com/
The Arbikie Distillery Story
Arbikie Estate is a family-owned working farm in Scotland.
This episode looks at the innovative and collaborative way that this family have been creating new products, including a carbon positive gin and vodka product.
We hear about the history of the family and how the current owners returned to the business having initially pursued careers away from it.
Iain Stirling describes how the collaboration happened and what others can learn from the opportunities that exist.
We also discuss the impact of COVID and Brexit on the business and how they are approaching their working operations as a result.
We explore the power of asking for help and being vulnerable and reaching out to your network.
You can find out more about the business by heading to www.arbikie.com
Family Offices and COVID-19
Bobby Stover is America's Family Office Leader at EY. He joins us on the show this week to discuss the challenges that the COVID-19 pandemic has presented to family offices and how these are being tackled.
We look at how some are adapting in different ways to others.
What will the coming months and years mean for how family offices operate?
How are different generations dealing with the current situation?
Alongside these challenges we also discuss how best we can keep staff within a family office engaged as well as family members who may have already been struggling with feeling an attachment to the family office.
What different ways can be explored to help with communication at a time when we are working more remotely.
You can find out more about Bobby here:
You can email him at firstname.lastname@example.org
Customer ReviewsSee All
A great resource for family businesses and advisors!
Great ep. wealth is health. All families can maybe benefit from this kind of structure and money discussion/ mgmt. family mission statement and family values are great concepts unrelated to money.
Great resource for families and advisors
Thanks Russell the podcast is a great resource not only for families but also for family business advisors. It’s great to hear other perspectives from passionate family business people! You’ve got a great style for facilitating learning!