55: Rising Gen Innovation and Creativity in Family Business

21 snips

Feb 13, 2024

Perry Gladstone, a Purpose and Identity Coach, shares his expertise in guiding families and businesses through innovation and personal growth. He discusses how the next generation’s fresh perspectives can enhance family enterprises, emphasizing the role of open dialogue and co-creation. Gladstone also highlights the importance of personal development and trust-building in navigating change, suggesting that individual readiness is key to lasting success. The conversation reveals how balancing innovation with tradition can lead to a thriving family business dynamic.

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ANECDOTE

Perry's Entrepreneurial Journey

Perry Gladstone shared how selling comic books with his dad sparked his understanding of people's passions.
He built Canadian snowboard brands and media companies, always focusing on identity and meeting needs.

INSIGHT

NextGen Identity Integration

NextGen brings unique identities shaped by new environments and experiences into established family businesses.
Recognizing individual agency of all generations helps integrate their identities into the business.

ADVICE

Start With Identity First

Avoid starting with values exercises to prevent conflict; instead, acknowledge and validate each individual's identity first.
Build trust through dreaming together, allowing co-creation beyond just values.

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In this episode, Host and Family Enterprise Advisor, Aileen Miziolek, talks with Purpose & Identity Coach Perry Gladstone about how family businesses benefit from NextGen innovation and creativity while sharing solutions that allow all parties involved to find the agency and support they need to make it happen.

Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts, and models that best serve Family Enterprise Advisors in supporting their clients.

All views, information, and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.

Key Takeaways

[:26] Aileen Miziolek welcomes Perry Gladstone, purpose and identity coach, and asks him to share a little bit about his varied entrepreneurial background.

[4:58] Upcoming generations bring many new identities to family enterprises. Perry shares how this affects companies and how to integrate them best.

[7:51] Starting with values exercises is something Perry does not do; he explains his primary focus and why this technique can prevent conflict through trust-building.

[10:51] Perry speaks to the fear everyone carries in times of change and how facilitation fosters the safety of all participants.

[13:03] Individual work cannot be underestimated in strengthening the family enterprise structure.

[15:44] Perry shares what the dreaming together tool does that the value exercise doesn’t.

[17:37] New generations inevitably come with innovation; Perry shares where he has seen the most success in fostering innovative ideas.

[19:34] Tension between two factions can be mitigated by slowing down time and allowing for experimentation.

[21:59] Perry recaps how strength is built in a family system.

[23:13] Perry discusses the role of the third entity as it relates to ownership.

[24:40] Business owners vs. enterprising family; Perry shares how this might be the first thing to address.

[28:24] Perry shares his recommended resources.

[29:58] Aileen thanks Perry for sharing his knowledge and closes this episode by reminding listeners about the upcoming Family Business Symposium held from May 27th to 29th in Calgary.

If you enjoyed today’s episode, you can subscribe to Let’s Talk Family Enterprise on Spotify, Apple Podcasts, and other podcast apps. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.

Mentioned in this episode

You can contact Perry on his website PerryGladstone.com.

FAST & HOT: How to Open Hearts, Win Minds and Create a Better Life in Business, by Perry Gladstone

Deconstructing conflict: Understanding Family Business Shared Wealth and Power, by Doug Baumoel and Blaire Trippe

The Family Business Symposium will take place on May 27‒29, 2024 in Calgary.

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