The Family Biz Show

The Family Biz Show: Ep24 Boundaries Within the Family Business Learn what other family businesses are doing to Grow, Communicate, Stay Agile and Continue into the Next Generation. During this live, interactive recording of the podcast you will learn: What boundaries are and why they are important to families in business. Common myths about boundaries. 10 principles for creating and maintaining successful boundaries. How to effectively add boundaries when there aren't any currently in place. If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-6518189-040124

You'll Learn: What happens when the controlling generation works with/for the rising generation? How their family business moved from a lifestyle to an equity business. The "messiness" of a family in business together and the differences between generations. How they got the right people in the right seats – even when it was hard. Their keys to 25% annual growth, coming within 1% of the annual budget and surpassing $10M in annual revenue. What mistakes were made along the way, what challenges they still face and their goals for the future. If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-5438205-013023

You'll Learn: What does it mean to say that "families are emotional systems"? What is the practical impact for family business owners and their families of understanding their families as emotional systems? How is it relevant to navigating issues such as ownership of the business, entry into and exit from the business, family employment policies, leadership transitions, and conflicts? How can family business owners use the awareness of families as emotional systems to strengthen their leadership both within their businesses and within their families? If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-5414765-011723

You'll Learn: Why having a "family-run business" versus a "family-in business" is so important. Controls vs. roles: Understanding the difference when it comes to family, shareholders and employees when the business is held in trust. The huge impacts of changing what to why when making decisions. The intricacies of creating a trust in perpetuity for the family business. What does it mean to have a GOAL Standard for a trust? Purposeful naming of trusts; and how it can reshape the trajectory for generations to come If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-3405779-011421

What you will learn: How a family business forum can help you navigate the family business. How the family business can shape you. Why it takes a village to run a family business. What it's like when dad sells the business and you're still working there. Understanding, Into and through the family business If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-3405772-011421

What you'll learn: How fear and ego stop family businesses from evolving Opportunity can actually keep you from building value in your company How to evolve a brand and culture without abandoning the past The transforming power of internal alignment Clarity and consistency can lead to exponential growth If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-3405758-011421

I have asked Courtney Pullen to join us and work with me and my parents, Marty and Maureen Palumbos – they hesitantly agreed. My parents and I have massaged and updated their estate plan for several years. At a high level the plan is for a portion of their estate to be divided among their four kids, a portion to fund a family foundation and then there is a life insurance trust designed to cover the expenses for Palumbos Family Vacation (PFV) for many years after my parents pass. They have personally funded PFV for over 20 years as a way for the family to be all together for at least one week a year. If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-3346680-112520

What you will learn: Why discussing the business or the wealth can be tougher than having the "Birds and Bees" talk and what happens if you don't. The good, the bad, and the ugly of family conflict How equal and equitable can be a challenge within families and the secrets to navigating them. Who would benefit from a facilitated family meeting and why? If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-5338590-120722

What you'll learn: How Isaac Heating and Air Conditioning has successfully transitioned into the third generation. How the Daniele Family manages businesses in two very different states. What their vision for success is when it comes to family and their employees. What advice a third generation company would give to a second generation (G2) company with hopes of successfully transferring the family business to generation three (G3) If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-3346673-112520

During this podcast you will learn: Why it's important to understand the family's past and the values that shaped the family business. What other family businesses are doing with their history and why you should too How to best collaborate with advisors when combining family history, family dynamics, family governance, and business succession planning CRN-5338381-120722