Episode 2: Lessons From a Life-Changing Crisis | The Path to Entrepreneurship | A Board-Building Cautionary Tale

In this episode of Family Business/Business Family, speaker, author and entrepreneur Octavian Pilati discusses the crisis that cost his family their business and their harmony. He describes the lessons he took from the experience and is now trying to pass along to other family business owners.

Also, Linda Fonner, CFO of family-owned and -operated Edmund Optics, director of HashWatt Inc. and member of the advisory board of TrainedArrow, discusses the do's and definite don'ts of building a board.

And Jamie Shah, president of her family's business, Chem-Impex, and a Polsky Center entrepreneur in residence at the University of Chicago, explains how family businesses can provide a unique pathway to entrepreneurship.

This episode is brought to you by Deloitte Private: serving family-owned companies, family offices, and privately-held businesses, and advising them on addressing a range of issues, from growth, talent and succession to the potential and perils of AI.

Interested in being a guest or have a topic you’d like to hear us discuss? Contact host Zack Needles, editor-in-chief of Family Business Magazine, at: zneedles@familybusinessmagazine.com.

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