Episode 85: How Hiring a Non-Family CEO may Ensure Success for Your Family Business

Our guest today is Richard Perko, President and CEO of the Lee Company in Franklin, Tennessee.

Richard joined Lee Company as a project engineer right out of college in 1996. Twenty years later, he was named CEO of the company, adding that title and responsibilities to his role as president – a position he has held since 2009.

As President and CEO, Richard is responsible for all company sales, operations, and strategic planning. His current focus is on guiding Lee Company’s ongoing, successful evolution from a traditional mechanical contractor and residential HVAC provider to a comprehensive Facilities Solutions, Home Services, and Construction Services provider.

Richard’s journey to the top leadership position speaks to Lee Company’s mission to create a workplace where employees can thrive.

In this episode of Family Business Today, you will learn:

What are some of the key benefits of hiring non-family leaders in a family business?

• What are the advantages and/or disadvantages of hiring from outside the company vs promoting from within?

• What questions should family business leadership ask themselves before searching for their first non-family executive?

• What questions should a non-family executive ask the family business leadership during the interview process?

• How can non-family executives in a family business nurture and mentor the next generation of family leaders?

• And more….

 To learn more about Richard Perko and the lee company visit their website at https://www.leecompany.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant.

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 84: Bringing Together Faith and Business to Impact Culture in Your Family Business

Our guest today is Peter Demos, 2nd generation restaurateur at Demos’ Restaurant in Murfreesboro, Tennessee.

Peter’s vision for Demos’ is clear and simple. “We want the customer to leave in a better mood than when he or she came in.”

In 1999, Peter returned to his parents’ family restaurant, Demos’ Restaurant, with the single goal of growing the organization. His experience as a restauranteur grew, and he was given the position of chairman on the Board of Directors for the Rutherford County Chamber of Commerce and president of the Tennessee Hospitality Association. Currently, he is the president and CEO of Demos’ Brands and Demos Family Kitchen, owning six restaurant locations across middle Tennessee, including PDK Southern Kitchen and Pantry, and multiple other businesses.

Peter is a highly sought-after leadership expert and speaker on business, leadership and faith. His latest professional pursuit is the release of his compelling debut book detailing his journey from fear-filled to fearless, “Afraid to Trust.” He has been featured in numerous mainstream and faith-based publications.

Today, Peter and his wife Kristin work closely together in both business and ministry. They are now teaching their two children to also serve God with their lives.

In this episode of Family Business Today, you will learn:

• How he developed a clear vision for his restaurants and uses his vision to continually guide both short-term and long-term growth

• What it means for a business to have “true value

• How to incorporate sustainability and responsible stewards into his restaurant’s operations as a Christian business leader

• How to ensure your restaurants are successful financially while staying true to your values

• How he creates a workplace culture that reflects his values and supports his employees beyond just a paycheck

• What kind of legacy he hopes to leave through his restaurants

• And more…

To learn more about Peter Demos and Demos Restaurants visit their website at https://www.peterdemos.org/

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant.

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 83: Plan for the Future, Preserve the Legacy with Jim and Bill Stranberg

Our guests today are Bill and Jim Stranberg. Jim is the founder of Stranberg Resource Group in Lake Forest, Illinois. His son, Bill, is a partner in the family firm. As a second generation, family-owned firm focused on CEO succession planning, search and selection business, they support family business leadership in their recruitment efforts.

In this episode of Family Business Today, you will learn:

• How Jim planned for his children to join their family business

• Should children get experience working somewhere else before joining the family business

• Three most critical factors family businesses overlook when planning for outside executive succession

• The most challenging conversation that family members undertake during the succession planning process

• And more…

To learn more about Stranberg Resource Group, visit their website at www.stranberg.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant.

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 82: 100 Years and still going strong at Chattanooga Bakery, MoonPies have never tasted so good as now

Our guests today are Mallie Campbell and Sam Campbell V, Cousins and 5th Generation Owners of Chattanooga Bakery, makers of the iconic 108-year-old MoonPie.

Mallie Campbell is a 5th generation owner and Purchasing Manager for Chattanooga Bakery Inc., makers of the iconic, 108-year-old MoonPie. Mallie was born and raised in Chattanooga, Tn with a passion for baking from a young age innately around the bakery or at home decorating cookies and cakes for family and friends. She graduated in 2019 from Samford University with majors in Management and Entrepreneurship while spending summers working at the Tennessee Bun Company and Chattanooga Bakery. Mallie worked at ALDI as a District Manager before joining her family at Chattanooga Bakery as a Purchasing Manager just over a year ago.

Sam Campbell V is a 5th generation owner and VP of Manufacturing for Chattanooga Bakery Inc., makers of the iconic, 108-year-old MoonPie. Sam grew up in Chattanooga, TN and spent his high school summers working in the factory. He attended Washington and Lee University where he graduated with a degree in Business Administration. Following college, Sam gained valuable food industry experience with Snyder’s-Lance (now Campbell Soup) in their Research & Development department. Prior to joining Chattanooga Bakery in 2021, Sam was an Assistant Vice President with Colliers International’s Food Advisory Services Group, representing buyers and sellers of food related industrial buildings nationwide. He currently leads Chattanooga Bakery’s Lean Manufacturing efforts as the company remains focused on baking memories for generations to come.

In this episode of Family Business Today, you will learn:

• The different routes each one took to become involved in the family business

• The importance of family values to create a family legacy that has lasted over 100 years

• Secrets to success keeping the business in the family and successfully transitioning to the fifth generation

• How siblings and/or cousins can successfully work together in a family business

• And more…

To learn more about Chattanooga Bakery, visit their website at www.moonpie.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant.

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 81: What Questions Should You Ask Yourself Before Considering Selling your Family Business?

Our guest today is Jeff Hopmayer who founded the Brindiamo Group in 2012. Jeff’s name is synonymous with excellence and innovation in the beverage alcohol industry.

The Brindiamo Group is one of the premier providers of bulk bourbon and whiskey in the world.

Hopmayer's dedication to whiskey education and community involvement is showcased through various initiatives, notably the Brindiamo Penthouse established in Bardstown, KY, in 2022. In partnership with the Bourbon Capital Academy and Kentucky Bourbon Festival, it serves as a hub for bourbon tastings and industry networking events. Furthermore, Brindiamo's principal sponsorship of the World Whiskies Awards underscores its commitment to promoting excellence within the industry.

In this episode of Family Business Today, you will learn:

• What is the first question you should ask yourself before selling your business?

• What are the main goals around someone selling their business?

• Know when to hold them? Know when to fold them? When is the best time to sell your business or when to keep it?

• What is the First question you should ask yourself before selling your business?

• What are the main goals around someone selling their business?

• Know when to hold them? Know when to fold them? When is the best time to sell your business or when to keep it?

• And more…

To learn more about Jeff Hopmayer and The Brindiamo Group, visit their website at www.brindiamogroup.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant.

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 80: Optimizing and Transforming Your Family Business with Tammy Rodgers

Our guest today is Tammy Rodgers. Tammy is the Co-Founder and CEO of Become More Group, which designs training programs for Corporate America.

Tammy believes that life-long learning, coupled with listening, putting clients’ needs first, hard work, and doing more than promised is the recipe for success. She is the co-author of Chief Optimization Officer: Shattering the Status Quo with Scott Burgmeyer. Their book The DMAIC Way Black Belt Field Book provides advanced tools and techniques to lead complex projects, drive significant improvements, and achieve operational excellence.

In this episode of Family Business Today, you will learn:

• What is the most important thing a leader can do for their organization

• How to balance the need for short-term results with long-term strategic vision

• What role diversity and inclusion plays in unlocking an organization’s potential

• When and how do you involve the next generation in the strategic planning process

• How to develop “family” talent

• And more…

To learn more about Tammy Rodgers and the Become More Group, visit their website at https://www.becomemoregp.com/.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant.

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 79: Achieve the Best Version of You by Actively Taking Action with Jason Yarusi

Our guest today is Jason Yarusi. Jason is a transformative keynote speaker who passionately empowers individuals and businesses to shatter barriers and forge a path to lasting success.

His personal story and extensive work have made him an inspirational force, captivating audiences as a dynamic motivational speaker. With an innate ability to ignite positive transformations, Jason empowers individuals to conquer challenges and embrace change with unwavering resilience. His electrifying talks instill a renewed sense of purpose, propelling audiences to reach new heights in both personal and professional spheres.

In this episode of Family Business Today, you will learn:

• How to measure success

• Specific strategies you can use to enhance self-awareness

• How family business owners can stay disciplined and focused on their goals

• How to identify and overcome your limiting habits

• Advice for a family business owner who is considering exiting his or her business

• And more…

To learn more about Jason Yarusi and LIVE 100, visit his website at www.jasonyarusi.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant.

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 78: A Century of Style, A Heritage of Service - M. Dumas & Sons

Our guest today is Gary Flynn, CEO and Co-Owner of M. Dumas and Sons, in Charleston, South Carolina.

Founded in 1917 by Mendel Dumas, M. Dumas & Sons has evolved into an iconic men’s specialty retailer in historic downtown Charleston, S.C. Initially known as a uniform shop for service jobs, M. Dumas & Sons evolved to become the sole provider of uniforms for naval officers stationed in Charleston. M. Dumas & Sons transitioned full-time into the men’s apparel arena in 1993.

In the fall of 2015, M. Dumas & Sons completed a $2 million renovation of its iconic store, and today, Charleston locals and tourists alike still consider M. Dumas & Sons a welcoming, historic King Street specialty retailer who is a permanent staple of the city’s landscape.

In this episode of Family Business Today, you will learn:

• How a 100+ year old family business adapts to change to make it the successful company it is today

• What a non-family leader should consider before joining a family business

• How core values help in making high-level decisions in their family business

• How conflict is handled when making business decisions

• The most important component of a successful multi-generational family business

• And more…

To learn more about M. Dumas & Sons, visit their website at www.mdumasandsons.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant.

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 77: The Original Precast Plunge Pool, Crafters of Your Comfort

Our guests today are husband and wife duo, Karen and Brian Larson, founders of Soake Pools, Inc., located in Pembroke, New Hampshire.

Since founding Soake Pools in 2014, the Larsons have been manufacturing precast plunge pools with an unwavering attention to detail and quality, and the personal touch their customers deserve. With Brian overseeing production and Karen spearheading sales and marketing efforts, the pair relies heavily on the support of their staff—over a quarter of which is family, who support the sales department and business management team.

In this episode of Family Business Today, you will learn:

• How boundaries are established between family and business

• How they solve disagreements as it relates to business decisions

• Advice for couples working together in a Family business

• How they make decisions on hiring family members for the business

• How they handle conflict between family and non-family team members

• And more…

To learn more about Plunge Pools and Soake Pools, Inc., visit their website at www.soakepools.com

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 76: Embracing Sustainability in Your Family Business

Our guest today is Elizabeth Bagger. Elizabeth is the former Director General of the Institute for Family Business (IFB) in the UK, a membership organization she was proud to serve for 12 years.

Her passion for family business led her to establish Avanti Family Business Advisory in September 2021 to support individual family businesses on their journey towards more harmonious family dynamics, stronger family governance and next generation integration and education. Along with her work with and for family businesses, Elizabeth spent almost a decade working for her own family business where she now serves as a non-executive director.

In this episode of Family Business Today, you will learn:

• What makes family businesses unique from non-family businesses

• How to build a resilient business for the long term

• How to combine legacy building with innovation and an entrepreneurial mindset

• Who should start the succession conversation and how

• What common mistakes family businesses make when it comes to family governance

• And more…

To learn more about Elizabeth and her work with family business, visit her website at www.avanti-fba.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)

Episode 75: Jumpstart your Exit with Ivan and Mariana Polic

Our guests today are Ivan and Mariana Polic, bestselling authors, internationally recognized speakers and advisors of family business leaders and their businesses. For over a decade, they have been training, educating and inspiring people to break through their limitations and build and grow a successful, sustainable family and business.

In this episode of Family Business Today, you will learn:

• What is the one consistent issue that all family businesses have

• What is so important to understand the why and how to exit a business

• The difference between being the successor and the founder of a family business

• What Successful DNA is and why it is important to a family business

• What is the most important ingredient of a family business

• And more…

Ivan and Mariana Polic are the authors of Family Business Mastery: Bridging Legacy and Innovation to Build a Family Business That Lasts for Generations. You can learn more about the Polic’s and purchase copies of their book at www.jumpstartyourexit.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 74: Scaling Up your Family Business with Jonathan Goldhill

Our guest today is Jonathan Goldhill. Following the sale of his family’s men’s apparel manufacturing company started by his great-grandfather, Jonathan formed his own consulting and coaching business. He helps business owners and leaders define and find their version of freedom by guiding owners through 1-on-1, peer group, group coaching and team coaching programs.

In this episode of Family Business Today, you will learn:

• Seven things a family business owner must get right to grow their family business

• What is vivid vision and how is it related to predictable income for a family business?

• What role a coach or facilitator plays in family business succession or generational transition?

• What makes succession planning controversial in a family business?

• And more…

Jonathan is the author of Disruptive Successor: A Guide to Driving Growth in Your Family Business and host of the podcast: Disruptive Successor Show.

Copies of his book are available at www.disruptivesuccessor.com. To learn more about Jonathan Goldhill visit his website at www.the goldhillgroup.com.

 At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 73: The Role Empathy and Understanding Play in Resolving Conflict, with Dr. Darlene Williams-Prades

Our guests today are Dr. Darlene Williams-Prades and her husband, Keith. Dr. Darlene Williams-Prades is the founder of Superior Love Forever. She is also an Air Force veteran, mother of three, a bonus mom of two, and cherishes her role as grandmother to four grandchildren.  With over 30 years of professional experience, Dr. Williams-Prades urges individuals to embrace their authentic selves and pursue their aspirations with vigor.

She was appointed as the Co-Chair for FEMA's Inclusive Diversity Council and recently spoke at the University of Michigan. Her mission is to empower others to carve out their legacy.

In this episode of Family Business Today, you will learn:

• Key challenges family businesses experience with communication and conflict resolution

• Strategies for helping family businesses overcome these challenges

• Common misperceptions family businesses have about conflict resolution and how to deal with those misperceptions in your work

• Some common misperceptions family businesses have about conflict resolution and how to deal with those misperceptions in your work

• What is the ideal outcome of conflict resolution mediation for family businesses

• And more…

To learn more about Dr. Darlene Williams-Prades and her commitment to helping others reach their full potential in life, visit their website at www.superiorloveforever.net.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 72: A husband and wife team, Kay Lee and Robert Fukui, offer tips on helping family businesses deal with conflict at home and in their business

Our guests today are Robert and Kay Lee Fukui. Robert and Kay Lee are the co-founders of Power by i61, Inc., a business consulting company. Their passion is to see marriages flourish in the midst of building a profitable business and to help the entrepreneur couple understand that you don’t have to sacrifice the marriage and family for the business. 

Together, they have developed an innovative program, Power Couples by Design, which equips the married entrepreneur to build a Thriving Marriage AND Prosperous Business.  

In this episode of Family Business Today, you will learn: 

• What are the most common types of conflict in a family business? 

• Practical tips to deal with conflict 

• What is the price of not resolving conflict in a family business?   

• How do you hold family members accountable in a family business and still preserve the relationship? 

• How do you deal with a family member who wants a JOB, but you don’t think they would be a good fit? 

• How do you deal with a family member who tends to stir the pot and create trouble? 

• And more… 

Kay Lee and Robert are the authors of the book, Tandem: The Married Entrepreneurs’ Guide for Greater Work-Life Balance. 

Copies of their book are available at www.amazon.com and www.thetandembook.com. To learn more about Power by Design visit their website at www.marriedentrepreneur.co. 

 At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com. 

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value) 

Until next time, There’s No Business Like a Family Business…. We Know! 

Episode 71: The Power of Legacy in a Family Business

Our guest today is Charlie Leichtweis. Charlie is the founder of Experts in HOW and a 30-year business veteran with a strong track record of success at some of America’s best-known companies. His experience as a CEO and serving on the board of a prominent family-owned business inspired him to create Experts in HOW to help family businesses establish the high level of governance, leadership development and generational engagement that can preserve their wealth and ensure their success for generations.

In this episode of Family Business Today, you will learn:

• How do you handle the situation where family members have conflicting objectives?

• How can you build trust across generations and family branches?

• How do you give voice to all members of the family?

• How does the direction of the business change across generations?

• Which comes first, the business or the family, when making decisions?

• And more…

Charlie is the author of several books including THE POWER OF LEGACY IN FAMILY BUSINESS and host of the internationally recognized podcast THE POWER OF RESPECT PODCAST

Copies of his book are available at www.amazon.com. To learn more about Charlie Leichtweis visit his website at www.expertsinhow.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 69: Leading with Emotional Power with Dr. Julia DiGangi

Our guest today is Dr. Julia DiGangi. Dr. DiGangi is a Neuropsychologist, author, speaker, and Founder of NeuroHealth Partners. On today’s podcast she will show us how to harness the power of the brain to lead more satisfying and emotionally intelligent lives at home and in our family business.

In this episode of Family Business Today, you will learn:

• How to harness the power of emotional energy to Thrive not just survive

• How to overcome the stumbling blocks of communications with family members

• How to understand emotional energy to navigate stress (financial, economic, personnel, sales)

• When painful things happen, how do we get unstuck when you are feeling stuck

• And more…

Dr. Julia DiGangi is the author of ENERGY RISING: The Neuroscience of Leading with Emotional Power. Dr. DiGangi shares neuroscientifically grounded insights and compelling stories that bring principles to life. Copies of her book are available on amazon.com. To learn more about Dr. Julia DiGangi visit her website at www.drjuliadigangi.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 68: Entrepreneurial Family Business: From Survival to Success with Dr. Dianne Welsh, Distinguished Professor of Entrepreneurship at the University of North Carolina Greensboro

Our guest today is Dr. Dianne Welsh. Dr. Welsh is a known scholar in entrepreneurship, family business, and franchising at the University of North Carolina Greensboro. She grew up in her family business, Boyt Division of Welsh Sporting Goods.

Dr. Welsh has published 130 journal articles and eight books, including the go-to book for cross-campus entrepreneurship programs, Creative Cross-Disciplinary Entrepreneurship.

In this episode of Family Business Today, you will learn:

• How growing up in her family business influenced her thoughts on the cross-sector of entrepreneurship and family business

• What the difference is between learning about entrepreneurship and learning about business

• How a family business can create an environment for entrepreneurship to flourish beyond the first generation

• What a NextGen leader can do to help their family business survive past the first generation

• Is there an indicator for family business success?

• And more…

Dr. Dianne Welsh is the author of Entrepreneurial Family Business: From Survival to Success.  Her book focuses on the role of innovation in the development and longevity of her family business, Boyt®. It highlights the integral roles that each person plays in the success of a business and emphasizes that each role deserves respect and praise. To get your copy, visit Entrepreneurial Family Business.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 67: Join me at a storied family-owned pub, Bumpa’s, located in the historic French Quarter, Charleston, South Carolina, where everybody knows your name

Our guests today are brothers, Dan and Conor Sullivan, owners of Bumpa’s, in Charleston, South Carolina. Bumpa’s serves up specialty French fries, proprietary-blend burgers, and other elevated bar food in tribute to their grandfather, “Bumpa”.

In this episode of Family Business Today, we will share:

• How their experiences working somewhere else helped prepare them to launch a family-owned business

• What the founding principles their business is built on and how they maintain them on a daily basis in their work

• Learn how two brothers communicate with each other to ensure business success

• The “rules” they have in place when conflict arises

• How they survived as a restaurant during COVID

• Advice to siblings who are considering working together in a family business

• Like their food, what are the secret ingredients for establishing boundaries between work and business relationships

• What the future looks like for Bumpa’s

• And more…

To learn more about Bumpa’s, visit their website at Bumpa's .

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like a Family Business…. We Know!

Episode 66: Planning Your Family Business’ Path to Long Term Success with Pete Walsh, Master Coach, with the Family Business Performance Center in Peoria, Arizona

Our guest today is Pete Walsh, Master Coach, with the Family Business Performance Center in Peoria, Arizona. Pete spent 16 years working in his 89-year-old family business and knows firsthand the challenges most family businesses face.

Today Coach Pete provides honest and objective feedback that helps families work better together as high-performing teams and reach new levels of success.

In this episode of Family Business Today, you will learn:

• What some of the most common obstacles family business leaders face

• How should next gens answer the question “Is the family business the right place for me?”

• Are there family situations that are irreconcilable?

• How coaching is different from counseling or consulting

• Trends that are helping or hurting business transitions to the next generation

• And more…

Pete Walsh is the author of Family Business Playbook, Your Family’s Path to Long-Term Success. To get your copy, visit Family Business Playbook. To learn more about Family Business Performance Center, visit their website at Family Business Performance Center.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like a Family Business…. We Know!