FOXcast Empowering Rising-Gen Owners with Cutting-Edge Technology with Alexandre Lin
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Feb 6, 2025 Alexandre Lin, co-founder and CEO of SumIt Software, dives into the complexities of leading family businesses as a second-gen leader. He discusses the unique challenges facing rising-gen owners, particularly in decision-making with fragmented data. Alexandre shares insights on the importance of technology to improve visibility in family office accounting. He also highlights the value of leadership programs designed for the next generation, underlining the need for effective communication and planning during intergenerational transitions.
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Early Immersion In Family Business
- Alexandre Lin grew up working in family restaurants and signing real estate deals from age 12.
- He later entered consulting and returned to organize the family books when a parent fell ill, which forced him into the family business.
You Don’t Know Until You Know
- Intergenerational transitions are unpredictable and deeply emotional, making planning difficult.
- Many rising gen leaders only learn they're successors when told, which forces abrupt role changes.
Data Hidden In Heads And Books
- When Alexandre took operations, much information lived in his parents' heads and in physical books across countries.
- The poor data quality left him unable to answer basic questions like total assets and hindered decision-making.