Safe Space with Francesco Lombardo

You Can’t Read The Label of the Jar You Are In

19 snips
Feb 4, 2025
Francesco speaks with Russ Haworth, a family business advisor and co-author of The Quest for Legitimacy, known for helping families navigate complexities in business relationships. They dive into the significance of understanding family dynamics and emotional needs, particularly during succession planning. Russ highlights the emotional journeys of the rising generation as they seek identity and purpose. The conversation also touches on balancing self-worth with external validation, emphasizing the importance of connection and resilience within family businesses.
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INSIGHT

Quest for Legitimacy Phases

  • Rising generation family business members often feel isolated despite similar backgrounds.
  • Their quest involves becoming aware, overcoming internal conflicts, exploring their identity, and owning their purpose.
ADVICE

Purpose Over Position

  • Shift focus from "in or out" family business debate to personal purpose and impact.
  • Encourage giving back to family or external institutions based on individual purpose.
ANECDOTE

Navigating Breaking Moments

  • One client moved away from their family to explore identity and purpose.
  • Guided through managing life-breaking moments like COVID, building resilience and ownership over actions.
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