Joining us today is Greg Romero, a management consultant and the Founder & Principal of Romero Solutions Group. Greg helps small to mid-sized family businesses ($2-$50mm in revenue) with longer-term planning, specific strategic needs (e.g., profitability, business operating model redesign, growth, exit/transition preparation), and more tactical problem-solving.

Listen in!

Key Highlights:

[00:01 - 14:54] Private Businesses on Preparing for a Demographic Shift

Greg discusses his work as a management consultant helping family businesses with their needs
Having a family therapist in order to avoid intergenerational conflict
How the shift in demographics created pressure on private businesses to sell

[14:55 - 31:55] Family Business Leaders Should Know Their Options

Preparing for the transition of family businesses selling or exiting their businesses
Companies must constantly evolve their mission and goals to keep up with their competitors
Readiness for external pressures includes company history, values, governance, culture, and non-financial elements

[31:56 - 33:26] Closing Segment

Email Greg via greg@romerosolutionsgroup.com and check out his website https://www.romerosolutionsgroup.com/ for more information!

Key Quotes:

“The more open you are on the way things work, the more trust the employees will have for you.” - Greg Romero

“As that third party, you have a unique or a good opportunity really to provide a perspective that that family members hopefully will not perceive as bias.” - Greg Romero

Connect with Greg:

Website: https://www.romerosolutionsgroup.com/

Email: greg@romerosolutionsgroup.com

Connect with me on LinkedIn!

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