Family Business/Business Family Episode 29: 3 Generations of Jazzercise | Lessons from Lane Bryant | Life After the Family Business
Oct 28, 2025
Join Judi Sheppard Missett, founder of Jazzercise, as she shares the journey of building a dance-fitness empire that thrives on joy and community. Michael Kaplan, from the Lane Bryant legacy, reflects on his family's revolutionary impact on maternity wear and the heartache of failed business attempts. Jon Vaughan reveals the freedom gained after selling his family's lumber company, highlighting richer family interactions and a passion for supporting blue-collar businesses. This riveting discussion dives deep into family dynamics, entrepreneurship, and life after business.
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Align Financial Advisors Early
- Use aligned financial advisors for both family and business to get balanced, holistic guidance during major transactions.
- Create safe spaces to air difficult thoughts and filter them before family negotiations to keep conversations productive.
Plan Scenarios And Post-Acquisition Roles
- Build multiple scenario plans early: selling fully, partial sale, platform transition, and successor options.
- Be realistic about post-acquisition influence and ready for reduced control after a sale.
Family Life Improved After The Sale
- After selling Brandvaughn, Jon found family conversations shifted from business problems to personal life and community topics.
- The sale opened space for deeper family connection and more meaningful time together.
