Family Business/Business Family

In this episode, Katy Wilder Schaaf talks balancing her role as vice chair of the board of directors for her family business, E. Ritter & Company, with her career as a licensed clinical psychologist. She also talks about how the company utilized governance to reengage shareholders after a family rift. Then, Preston Root, fourth-generation steward of Root Glass Co., explains how a family constitution can bring your family together and help to pass its values down through the generations — provided it’s presented in a format with a bit more gravitas than a Word doc. And Katy Kothmann Abraham, president of Construction Cost Management, discusses the unorthodox career path that led her to buy her father's cost estimation company, as well as how she built confidence and credibility despite not having a traditional technical background. Hosted on Acast. See acast.com/privacy for more information.

We're fresh off our Transitions Fall 2024 conference and talking — you guessed it — generational transitions. In this episode, Accurate Box Company G3 President and CEO Lisa Hirsh; her husband, Executive Vice President Sales and Marketing Mark Schlossman; and their daughter, Director of Sales and Marketing Samara Ronkowitz, discuss how the company is planning for the transition to G4. Also, Meganne Wecker, the 3G president and chief creative officer of Chicago-based Skyline Furniture and founder of its sister brand Cloth & Company, explains how her father fostered entrepreneurship and innovation as he handed the reins to her. And Deloitte Private US Family Enterprise Leader Laura Pearson discusses the findings of a recent survey that shed light on the generational divide in many family businesses. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Family Business/Business Family, Lisa Daniel, Education Chair of the Joseph Lodge Family Council, explains how to make family governance work — and why it’s worth the effort. Also, Eric Johnson, partner and U.S. Family Office Tax Leader at Deloitte, discusses some of the recent trends they’ve seen in the growth of the single family office space. And Bill Rock, CEO of MLR Media, the publisher of Family Business Magazine and FO Pro: The Family Office Professional, provides a primer on how family offices serve families and discusses some of the challenges and opportunities on the horizon for family offices. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Family Business/Business Family, Karen Norheim, president and CEO of American Crane and Equipment Corporation, discusses how her family business got started somewhat by accident. Also, sisters Chelsea and Callie Sher, whose mother began building a family business in 2002 when she purchased the now 90-year-old brand Evanger’s Dog & Cat Food Company, explain how the family works together on the manufacturing side but competes with one another on the brand side. And Family Business Magazine Contributing Editor Dennis Jaffe provides guidance on how current gens can embrace the role of the elder in their family businesses. Hosted on Acast. See acast.com/privacy for more information.

In this discussion, Octavian Pilati shares his transformative journey through a family business crisis sparked by a disastrous investment. He emphasizes the critical lessons learned and how to foster resilience. Linda Fonner offers savvy insights on building effective advisory boards, including common pitfalls to avoid. Jamie Shah highlights the unique entrepreneurial spirit of family-run businesses, showcasing how personal values and innovation can thrive. Together, they navigate the complexities of family dynamics in business while providing inspiring guidance.

Join Karla Trotman, the dynamic CEO of Electro Soft Inc., as she shares her journey of transitioning to leadership and the challenges of buying out her siblings. Katie Rucker and Jenny Dinnen, second-generation co-presidents of MacKenzie Corporation, discuss the complexities of co-leadership and the importance of open communication. The conversation also touches on the urgent need for families to finalize their succession plans, ensuring smoother transitions and fewer conflicts in the future.