Listen to “#735 The List of Policies Successful Family Businesses Use” on Spreaker.
On this episode of The Small Business Radio Show…
SEGMENT 1 with Gaia Marchisio, starting at 0:00: Family businesses are unique from any other type of business. Gaia Marchisio is here to help family businesses preserve their family assets and grow their capital.
SEGMENT 2 with Simone Collins, starting at: 18:00 On the last season of Succession, a TV show about a family business, one brother says to the other, “It’s not personal.” This could not be farther from the truth. Business is personal according to our next guest, Simone Collins.
SEGMENT 3 with Rich Sierra, starting at 37:45: A lot of small business owners make the mistake of not hiring a business lawyer until it’s too late. Rich Sierra is here to help.
Sponsored by Truly Financial.
More on each segment below.
Segment 1: Gaia Marchisio is a family enterprise researcher, consultant, educator, speaker, and writer with 25-plus years of impact across global family enterprises, academic institutions, corporations and public-sector organizations. She is co-author of Own It! How to Develop a Family Enterprise Owner’s Mindset at Every Age.
- Family business’ resources are much larger than their Financial Capital
- How family businesses build Social Capital
- What is Spiritual Capital and why is it important for a family business?
- Successful practices for family businesses
- Importance of setting a family vision, mission, and values
- How are important decisions made for the company?
- How family businesses can make a plan for how to hire, fire, and exit their business.
Segment 2: Simone Collins of Travelmax operates a number of companies, invest in startups, regularly lectures on the topic of management techniques (including at Stanford GSB, Harvard, and Carnegie Mellon), and is a bestselling author.
- While working with a spouse used to have serious headwinds, it is entering a golden age (especially post pandemic).
- Rather than have a work-life balance, integrate the two and seeing both domains thrive and build off each other.
- How to harmonize the ideas of femininity and family life with career success.
- Allowing top performers to hire family members onto their teams has led to higher overall team harmony and satisfaction.
Segment 3: Rich Sierra is an attorney and the founder and CEO of Florida Small Business Legal Center, with its main office in Boca Raton, Florida and satellite offices in Orlando, Weston, Coconut Creek, Miramar, and Miami. During his 18+ year career, he has consulted with thousands of business owners, and he used this knowledge to write a new book. He is an avid student of the martial arts with black belts in Judo, Tae Kwon Do, and a purple belt in Brazilian Jiu Jitsu.
- Why a business owner needs a business lawyer
- Common Mistake: Not Hiring a Lawyer to Save Money
- Common Mistake: Signing a Contract without hiring a lawyer
- Common Mistake: Defending a lawsuit without an attorney
- Financing options for legal services
