Safe Space with Francesco Lombardo

Francesco and Vinayak Dhingra, a 2nd generation family business member and co-founder of Kin and Kith discuss his story of not fitting in as a child and the lesson learnt from this experience. Vinayak shares what he learnt about the need to be accepted into society and the family business.Participating at an early age is one of the ingredients for "preparedness".   Francesco and Vinayak discuss what is "preparedness" and how to practically articulate and execute "preparedness".   Vinayak's advice for Senior and NxtGen: "Allow the NxtGen to fail, for failure is the biggest key and learning towards success." Stay tuned for the second part of this interview where we will discuss what Vinayak and his co-founder Nehal Sharma have created in Kin and Kith to support the NxtGen on their journey. 

In part two with Nehal Sharma, Francesco discussed the dangerous 4 horsemen of the apocalypse of family business, and how these have a detrimental impact on the sustainability of the family, the business and the ownership, if not addressed.    Nehal talks about the key role good parenting plays on the development of the next generation to prepare them for the role and involvement in their family business.      Her advice is easy and simple: "Allow the next generation to grow up into individuals", not who the parent wants them to be.   

In this episode, Francesco interviews Nehal Sharma, a next-generation family member, educationist, and lifelong learner. Nehal shares her journey and why she is so committed to the preparedness of the next generation in Family Business. Nehal shares the path to answering the questions: Where do I fit in, what do I do, and how do I best contribute to the legacy and continued success of the family business.   In the next episode, Francesco and Nehal will discuss the four horsemen of the apocalypse in families of wealth and family business, what they are and how to overcome them to ensure continuity and health of the family and the business.

Tyler Wagner, one of the most successful book marketers,  shares his courageous journey of dropping out of high school to pursue his dream.    In this show we talk about the importance of having awkward conversations early with your family. The cost of avoiding the conversations is too great, "get them done right away" Tyler shares

Alan and Francesco discuss the importance of having a board of directors and the critical role they play in the health and welfare of the family business.

Daniel's advice for the senior generation family members, "Allow the NxtGen to fail."   His advice for the NxtGen, "Be serious about your life and focus on making a difference, this will give you a deep sense of contribution."   Daniel and Francesco have a conversation about how to reduce the danger of entitlement and the burden of being in a family business by establishing an Employee Share Ownership Plan (ESOP).      What are the biggest dangers in a family business? The human beings?

Amy and Francesco discuss what gets in the way of family members in a family business when transitioning from one generation to the next.   Learn what the two key ingredients are for succession and continuity to happen in your family.       As Amy quoted, "Your position does not define who you are."    In their next episode, Francesco and Amy will discuss why the current model of traditional governance is failing to serve families.   We will talk about why Organized Emotional Governance reduces friction in Family Business and ensures legacy.

Learn how successful families have in place and utilize two sets of governance to ensure the longevity and sustainability of the family business.     Organized Emotional Governance reduces friction in Family Business and ensures legacy.     In this Episode of Safe Space Alan Aldworth and Francesco discuss the critical role governance plays in the development of the NxtGen and creating a culture of accountability.     Join us for the next episode with Alan on the importance of having a board of directors and the critical role they play in the health and welfare of the family business.

In this conversation Caroline and Francesco discuss the importance of having the courage to speak the truth to clients.    Many advisors have become "yes" men and women and as a result, have put their interest ahead of those they serve.     As Caroline says: "Trust is looking after your clients needs first not your own."    Learn about Caroline's Club, where the best advisors meet and share wisdom with each other to better serve their Private Clients.

As a 4th generation family member and 1st Chairwoman of her family business board, Meghan and Franco have a candid discussion about what is missing in the development of female Chairs.    They openly talk about what's currently NOT working and more importantly how can this be improved.     Meghan shares the reason she is so passionate, and the group she has created for her peers, The Lodis Forum.