Debunking the 'spoiled heirs' myth

If you have worries like...
"My kids didn't struggle the way I struggled growing up. Won't they be spoiled?"
"Will my child have what it takes to handle future challenges?"
...this episode is for you.

In this first of two episodes with Dr. James Grubman, we dive into parenting the next generation in family business. Dr. Jim Grubman is an internationally recognized consultant to families of wealth, family enterprises, and the wealth advisory industry. Dr. Grubman has been honored with the 2024 Lifetime Achievement Award by the Family Wealth Report and the 2024 Richard Beckhard Practice Award from the Family Firm Institute. 

He is the author of the renowned book, Strangers in Paradise: How Families Adapt to Wealth Across Generations, and co-author of Wealth 3.0: The Future of Family Wealth Advising (with Dennis Jaffe and Kristin Keffeler) and Cross Cultures: How Global Families Navigate Change Across Generations (with Dennis Jaffe) along with multiple other publications. Dr. Grubman is a leader in The UHNW Institute, an industry think tank, and holds Fellow status in the Family Firm Institute and the Purposeful Planning Institute as well as membership in STEP, an international trusts-and-estates organization. His practice, Family Wealth Consulting, is based in Boston, Massachusetts, USA.

Here's just some of what you'll discover in this episode:

• balancing the pressure of parenting the next generation and having the next generation measure up to the standards set by the previous generations
• unique challenges of the second generation in family business, and how this can affect parenting
• the key skills that parents need to build in the next generation in family business 
• shattering a very common myth that often destroys the confidence and self-esteem of the second and third generations in family business

Find out more about Dr. Grubman at https://jamesgrubman.com/

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