Nikonomics - The Economics of Small Business 94 - Why This Stanford MBA Left a $16M Business for Family and Wrote a Book About His Journey with Christopher Hillier
Dec 9, 2024
In this engaging conversation, Christopher Hillier, a former Stanford MBA and entrepreneur who left a lucrative $16 million employee benefits business, shares his journey toward prioritizing family and personal growth. He discusses the challenges of navigating a family-run business and the insights that led him to write 'It's About Time.' Hillier reflects on balancing career ambition with family life, key lessons on building high-margin businesses, and the importance of maintaining healthy family dynamics in entrepreneurship.
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Unconventional Start
- Christopher Hillier's path to entrepreneurship began unexpectedly with a deferred enrollment from Stanford.
- This led him to start a business with his father, gaining valuable industry experience before pursuing his MBA.
Family Business Dynamics
- Starting a business with family presents unique dynamics and challenges.
- Open communication and prioritizing family relationships over business disagreements are key.
Partnership Advice
- In partnerships, define roles and responsibilities clearly upfront.
- This fosters trust and allows each partner to focus on their respective areas.
