The EntreLeadership Podcast The Best Way to Run a Family Business with Dave Ramsey
Jun 28, 2021
Dave Ramsey, a prominent businessman and author, joins his son Daniel Ramsey, EVP of EntreLeadership, to discuss mastering family businesses. They explore the critical phases of family business dynamics—values, operations, and succession. Key insights include the necessity of maintaining professionalism while managing personal relationships, the importance of intentional succession planning, and the value of open communication and setting boundaries. They share personal stories that underscore the passion needed for family involvement and how to create a fair workplace.
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Family Business Mirrors Family Function
- A family business reflects the family's functionality; dysfunctional families bring dysfunction into the business.
- Business magnifies existing family issues instead of resolving them.
Prepare Children Early for Business
- Raise children to be honest, communicative, and hardworking as preparation for business roles.
- Early home training shapes how they will perform at work, including family business.
Join Family Business by Calling
- Don't pressure children to join the family business; let them join only if they feel truly called.
- Genuine calling sustains commitment better than convenience or loyalty.
