The Wealth Movement Bridging Psychology and Business: Dr. Donna Marino's Unique Approach to Wealth
Episode Title: Bridging Psychology and Business: Dr. Donna Marino's Unique Approach to Wealth
Guest: Dr. Donna Marino, Expert on Leadership and Family Business Coaching
Host: Kristoffer Fu, CFP®, CEPA®, CPWA®, Wealth Advisor and Exit Planning Advisor
Episode Overview:
In this enlightening episode of Wealth Movement, I welcome Dr. Donna Marino, a seasoned psychologist and coach specializing in aiding family-owned businesses and entrepreneurs. In her book Unleash the Wise Leader In You!, Dr. Donna emphasizes the transformative power of leadership in both personal and professional spheres.
The discussion delves into the critical need for effective succession planning within family businesses to prevent conflict and ensure a smooth transition, highlighting the psychological aspects and potential identity crises associated with business handovers.
Key Topics Discussed:
1. The Importance of Leadership in Personal and Business Success:
- Dr. Donna discusses the first principle of her book, which focuses on claiming one's leadership role and the broad impact this can have.
2. Challenges in Family-Owned Businesses:
- Insights into the complexity of succession planning and the necessity of open communication to avoid familial disputes.
- Outside perspectives are important in overcoming stagnation and fostering business growth.
3. Psychological Impacts of Business Ownership and Transition:
- Exploring the identity shift business owners face during retirement and methods to mitigate associated anxiety and depression.
4. Wealth Beyond Money:
- A deeper conversation about defining wealth includes financial success, fulfillment, and quality family time.
5. Strategic Approaches to Leadership Within Business Dynamics:
- Dr. Donna's integration of psychology and coaching to challenge conventional thinking and enhance leadership capabilities.
- The concept of "courageous conflict" and its role in achieving positive outcomes in challenging business environments.
6. Personal Insights and Future Opportunities:
- Dr. Donna reflects on her family background and career evolution from therapy to coaching, underscoring the personal experiences shaping her professional methods.
Conclusion:
Kris and Dr. Donna wrap up the session with a mutual appreciation for the enriching dialogue. Listeners leave with a nuanced understanding of wealth, leadership, and the intricacies of family-owned businesses.
Dr. Donna encourages listeners to live purposefully, challenge negative beliefs around money, and prioritize psychological well-being alongside business success.
Listen and Engage:
Connect with Dr. Donna through her website and podcast Courageous Confict and discover more resources for mastering leadership and navigating family business complexities.
**Guest Contact Information:**
- LinkedIn: Dr. Donna
- Website - Dr. Donna
- Podcast - Courageous Conflict
**Host Contact Information**
- Kristoffer Fu
- LinkedIn - Kristoffer Fu
- LinkedIn - Evoke Wealth Management
- Instagram - Wealth Movement with Kris
- Substack - Wealthought Out