Shows
The Family Business PodcastIntroducing The PathSummaryIn this episode of the Family Business Podcast, Russ Haworth, Martin Stepek, and Alec Broadhurst discuss the intersection of mindfulness and family business dynamics. They explore personal journeys into mindfulness, the Four Noble Truths, and the Eightfold Path, emphasizing the importance of understanding emotional challenges within family businesses. The conversation highlights the value of mindfulness as a tool for improving family relationships and decision-making processes in business contexts. The hosts also introduce a new program, The Path, designed to help families navigate the complexities of working together....2025-06-1351 minThe Family Business PodcastThe Evolving Landscape of Family OfficeSummaryIn this episode of the Family Business Podcast, Russ Haworth speaks with Annamaria Koerling, founding partner of Delfin Private Office, about the evolving landscape of family offices. They discuss the importance of governance, the unique challenges of succession planning, and the role of philanthropy in fostering family cohesion. Annamaria emphasises the need for tailored governance structures that reflect each family's values and purpose, and the significance of deliberate practice in maintaining open communication. The conversation also highlights the benefits of involving external advisors to navigate complex family dynamics and ensure effective decision-making.Takeaways2025-01-2938 minThe Family Business Podcast'Lifeboat Drill' for your Family BusinessGiven the recent changes in legislation announced in the Budget, I am re-releasing this episode to highlight the value and importance of Lifeboat Drills for your Family Business. An actual lifeboat drill is essentially a practice evacuation of a ship using the lifeboats on board. I am not advocating everyone rushing out and practising evacuations, however it is the purpose of a lifeboat drill that is important here.The reason that lifeboat drills are important for sailors is that if and when they need to use the lifeboats they want the reassurance of knowing that:2025-01-2718 minThe Family Business PodcastSTEP Research - SuccessionSummaryIn this episode of the Family Business podcast, Russ Haworth and Matt Braithwaite discuss the critical importance of succession planning for family businesses, drawing on recent research conducted by the Society of Trust and Estate Practitioners (STEP). They explore the alarming statistics regarding the lack of succession plans and up-to-date wills among family business owners, the complexities of modern family dynamics, and the essential role of professional advisors in navigating these challenges. The conversation emphasises the need for proactive planning, effective communication, and the impact of recent budget changes on family businesses.Chapters2025-01-2444 minThe Family Business PodcastDon't Leave a Mess!SummaryIn this episode of the Family Business Podcast, Russ Haworth interviews Sandy Pollack, author of 'Don't Leave a Mess.' They discuss the importance of clarity in estate planning, the impact of money scripts on family dynamics, and the qualitative factors that influence wealth management. Sandy emphasises the need for open family conversations about money and legacy, and how these discussions can strengthen family bonds and prevent future conflicts. The conversation also addresses common myths surrounding estate planning and the necessity of proactive planning to ensure family harmony. In this conversation, Sandy Pollack and...2025-01-2047 minThe Family Business PodcastHug of War - Cathy Carroll pt2SummaryCathy Carroll, author of 'Hug of War', discusses the unique challenges of leading a family business with both love and logic. She explores the concept of polarities in family businesses, where opposing forces such as candor and diplomacy, or reveal and conceal, coexist and create tension. Cathy emphasizes the importance of adopting a 'both-and' mindset to find innovative solutions that incorporate the benefits of both sides. She also addresses the issues of domain crossover, where power is used in one domain to influence the other, and shadow influence, where individuals without formal roles or...2024-08-2339 minThe Family Business PodcastHug of War - Cathy Carroll pt1SummaryCathy Carroll, author of 'Hug of War', discusses the unique challenges of leading a family business with both love and logic. She explores the concept of polarities in family businesses, where opposing forces such as candor and diplomacy, or reveal and conceal, coexist and create tension. Cathy emphasizes the importance of adopting a 'both-and' mindset to find innovative solutions that incorporate the benefits of both sides. She also addresses the issues of domain crossover, where power is used in one domain to influence the other, and shadow influence, where individuals without formal roles or...2024-08-1951 minThe Family Business PodcastAre you ready to hire non-family execs?SummaryIn this episode, Bill Stranberg discusses the readiness of family businesses to hire non-family executives. He shares his own experience growing up in a family business and highlights the distinct challenges that families face in executive recruitment. Bill emphasizes the importance of addressing the readiness of both the family and the business before making a senior executive hire. He provides case studies to illustrate the potential risks and conflicts that can arise when these factors are not considered. Bill also discusses the need for clear job descriptions and expectations to ensure a successful hiring process. This...2024-02-091h 05The Family Business PodcastFamily Business UKSummaryIn this episode, Fiona Graham discusses the rebranding of Family Business UK and their focus on advocacy and policy. She highlights the key areas in their 2024 manifesto and the importance of long-term planning for family businesses. Fiona also shares insights from Family Business Week and previews the upcoming annual conference, which will focus on people and the challenges faced by family businesses. In this conversation, Russ and Fiona discuss the importance of family businesses and the challenges they face. They delve into topics such as succession planning, governance, communication, and collaboration. They also highlight the need...2024-01-2649 minThe Family Business PodcastAllow me to reintroduce myself....The podcast is back! In this short trailer I give you an overview of upcoming episodes. There are six new episodes in this series. 1 - Family Business UK 2 - Selling the Family Business Pt.1 3 - Selling the Family Business Pt.2 4 - Are you ready to employ Non Family Execs?5 - The importance of Storytelling 6 - Wealth of Wisdom I'd love to hear from you as to the topics that are impacting you and that you would like me...2024-01-2603 minThe Family Business PodcastWealth 3.0 - with The Ultra High Net Worth InstituteRegular listeners of the show will be familiar with all of my guests on this weeks show. I am joined by Jim Grubman, Denis Jaffe and Kristin Keffeler as they discuss their new book - Wealth 3.0 - The Future of Family Wealth Advising. In this episode we cover some of the key areas of focus within the book and what it means for families of wealth and in particular those that advise them. This episode is a special collaborative episode with The Ultra High Net Worth Institute in preparation for the...2023-09-111h 03
The Family Business PodcastRight Mindfulness and Concentration - The Mindful Family BusinessTHE FOUR NOBLE TRUTHSThe First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering.The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind.The Third No...2023-06-1957 minThe Mindful Family BusinessRight Mindfulness and ConcentrationTHE FOUR NOBLE TRUTHSThe First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering.The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind.The Third No...2023-06-1957 minThe Family Business PodcastRight Effort - The Mindful Family BusinessTHE FOUR NOBLE TRUTHSThe First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering.The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind.The Third No...2023-06-1643 minThe Mindful Family BusinessRight EffortTHE FOUR NOBLE TRUTHSThe First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering.The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind.The Third No...2023-06-1643 minThe Mindful Family BusinessRight LivelihoodTHE FOUR NOBLE TRUTHSThe First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering.The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind.The Third No...2023-06-1251 minThe Family Business PodcastRight Livelihood - The Mindful Family BusinessTHE FOUR NOBLE TRUTHSThe First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering.The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind.The Third No...2023-06-1251 minThe Family Business PodcastRight Actions and Activities - The Mindful Family BusinessTHE FOUR NOBLE TRUTHSThe First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering.The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind.The Third No...2023-06-0953 minThe Mindful Family BusinessRight Actions and ActivitiesTHE FOUR NOBLE TRUTHSThe First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering.The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind.The Third No...2023-06-0953 minThe Family Business PodcastRight Speech or Communication - The Mindful Family BusinessTHE FOUR NOBLE TRUTHSThe First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering.The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind.The Third No...2023-06-0550 minThe Mindful Family BusinessRight Speech or CommunicationTHE FOUR NOBLE TRUTHSThe First Noble Truth: be aware that life brings with it many forms of dissatisfaction, frustration, irritation, and many levels of suffering.The Second Noble Truth: recognise that these different types of suffering are produced by your mind, even if the apparent cause is external. The mind reacts negatively to life experiences that we didn’t want, and does the same when we don’t get things we were hoping for. The Buddha called these wants and dislikes “thirsts”. It is thirsts that cause unhappy states of mind.The Third No...2023-06-0550 minThe Family Business PodcastRight Intention / Thought - The Mindful Family BusinessAs with the word Noble above, the Eightfold Path uses a word that needs a little clarification. Each of the eight paths starts with the word Right. In this case it does not mean right as opposed to immoral, so it is not judgemental. Nor does it mean correct as opposed to wrong. It is best thought of as skilful or wise.Right Intentions or Thoughts: we need to be skilful and careful with our thoughts. If our automatic mind’s reactions rule our life we have a lot of suffering and poor judgements. We should try to...2023-06-0251 minThe Mindful Family BusinessRight Intention / ThoughtAs with the word Noble above, the Eightfold Path uses a word that needs a little clarification. Each of the eight paths starts with the word Right. In this case it does not mean right as opposed to immoral, so it is not judgemental. Nor does it mean correct as opposed to wrong. It is best thought of as skilful or wise.Right Intentions or Thoughts: we need to be skilful and careful with our thoughts. If our automatic mind’s reactions rule our life we have a lot of suffering and poor judgements. We should try to...2023-06-0251 minThe Family Business PodcastThe Fourth Noble Truth - Time to put in the work - The Mindful Family BusinessThe Four Noble Truths and the Eightfold Path are shorthand reminders of the Buddha’s core teachings on how to live a peaceful, fulfilling life. The formula was developed by his followers after his death as the Buddha left no written records of his teachings.Note that although still in everyday use when referring to this subject the term Noble does not refer to aristocracy or any sort of superiority. It simply means truths that make you are better person.The Fourth Noble Truth: to cultivate these skills we have to follow a path that co...2023-05-2952 minThe Mindful Family BusinessThe Fourth Noble Truth - Time to put in the workThe Four Noble Truths and the Eightfold Path are shorthand reminders of the Buddha’s core teachings on how to live a peaceful, fulfilling life. The formula was developed by his followers after his death as the Buddha left no written records of his teachings.Note that although still in everyday use when referring to this subject the term Noble does not refer to aristocracy or any sort of superiority. It simply means truths that make you are better person.The Fourth Noble Truth: to cultivate these skills we have to follow a path that co...2023-05-2952 minThe Mindful Family BusinessThe Third Noble Truth - You can deal with all thisThe Four Noble Truths and the Eightfold Path are shorthand reminders of the Buddha’s core teachings on how to live a peaceful, fulfilling life. The formula was developed by his followers after his death as the Buddha left no written records of his teachings.Note that although still in everyday use when referring to this subject the term Noble does not refer to aristocracy or any sort of superiority. It simply means truths that make you are better person.The Third Noble Truth: we can learn to cultivate skills that stop our thirsts and th...2023-05-2640 minThe Family Business PodcastThe Third Noble Truth - You can deal with all this - The Mindful Family BusinessThe Four Noble Truths and the Eightfold Path are shorthand reminders of the Buddha’s core teachings on how to live a peaceful, fulfilling life. The formula was developed by his followers after his death as the Buddha left no written records of his teachings.Note that although still in everyday use when referring to this subject the term Noble does not refer to aristocracy or any sort of superiority. It simply means truths that make you are better person.The Third Noble Truth: we can learn to cultivate skills that stop our thirsts and th...2023-05-2640 minThe Mindful Family BusinessThe Second Noble Truth - Your mind can make it worseThe Four Noble Truths and the Eightfold Path are shorthand reminders of the Buddha’s core teachings on how to live a peaceful, fulfilling life. The formula was developed by his followers after his death as the Buddha left no written records of his teachings.Note that although still in everyday use when referring to this subject the term Noble does not refer to aristocracy or any sort of superiority. It simply means truths that make you are better person.The Second Noble Truth: recognise that these different types of suffering are produced by your mi...2023-05-2240 minThe Family Business PodcastThe Second Noble Truth - Your mind can make it worse - The Mindful Family BusinessThe Four Noble Truths and the Eightfold Path are shorthand reminders of the Buddha’s core teachings on how to live a peaceful, fulfilling life. The formula was developed by his followers after his death as the Buddha left no written records of his teachings.Note that although still in everyday use when referring to this subject the term Noble does not refer to aristocracy or any sort of superiority. It simply means truths that make you are better person.The Second Noble Truth: recognise that these different types of suffering are produced by your mi...2023-05-2240 minThe Family Business PodcastThe First Noble Truth - Sh*t Happens! - The Mindful Family BusinessThe Four Noble Truths and the Eightfold Path are shorthand reminders of the Buddha’s core teachings on how to live a peaceful, fulfilling life. The formula was developed by his followers after his death as the Buddha left no written records of his teachings.Note that although still in everyday use when referring to this subject the term Noble does not refer to aristocracy or any sort of superiority. It simply means truths that make you are better person.In this episode we explore The First Noble Truth. This states that we should be aw...2023-05-2243 minThe Mindful Family BusinessThe First Noble Truth - Sh*t Happens!The Four Noble Truths and the Eightfold Path are shorthand reminders of the Buddha’s core teachings on how to live a peaceful, fulfilling life. The formula was developed by his followers after his death as the Buddha left no written records of his teachings.Note that although still in everyday use when referring to this subject the term Noble does not refer to aristocracy or any sort of superiority. It simply means truths that make you are better person.In this episode we explore The First Noble Truth. This states that we should be aw...2023-05-2243 minThe Family Business PodcastWhat is the Mindful Family Business? - The Mindful Family BusinessWelcome to The Mindful Family Business. This is an alternative look at family business governance. Through engaging and thoughtful conversations between your hosts, Russ Haworth and Martin Stepek, we are hoping to deliver to you something a little different. Utilising the expertise that Martin has on the teachings of Buddha and the combined expertise of Russ and Martin in the field of family business each podcast episode will leave you with meaningful thinking around how you own and operate a business together. If you would like to explore the role that a mindful...2023-05-2225 minThe Mindful Family BusinessWhat is the Mindful Family Business?Welcome to The Mindful Family Business. This is an alternative look at family business governance. Through engaging and thoughtful conversations between your hosts, Russ Haworth and Martin Stepek, we are hoping to deliver to you something a little different. Utilising the expertise that Martin has on the teachings of Buddha and the combined expertise of Russ and Martin in the field of family business each podcast episode will leave you with meaningful thinking around how you own and operate a business together. If you would like to explore the role that a mindful...2023-05-2225 minThe Family Business PodcastRe-imagining Transitions Part 2In this two part interview with Dennis Jaffe, Ken McCracken, Daniel Trimarchi and Stacy Allred we explore the topics covered in the white paper that they have co-authored. The collaboration is an example of the work being undertaken via the Ultra High Net Worth Institute (www.uhnwinstitute.org). The white paper covers three key elements of transition planning1 - Rethink 2 - Rebalance3 - Re-invent Through this discussion we explore each of these areas and gain insights from the guests on some of the key areas of this...2023-03-0848 minThe Family Business PodcastRe-imagining Transitions Part 1In this two part interview with Dennis Jaffe, Ken McCracken, Daniel Trimarchi and Stacy Allred we explore the topics covered in the white paper that they have co-authored. The collaboration is an example of the work being undertaken via the Ultra High Net Worth Institute (www.uhnwinstitute.org). The white paper covers three key elements of transition planning1 - Rethink 2 - Rebalance3 - Re-invent Through this discussion we explore each of these areas and gain insights from the guests on some of the key areas of this...2023-03-011h 01The Family Business PodcastShirtsleeves to Shirtsleeves?In this episode of the show I discuss three common myths that are often thrown at family businesses as rules or facts in order for them to act to avoid becoming a statistic themselves. The first myth is that around the number of family businesses making it to the third generation and what the often cited statistics are actually related to. We then look at the shirtsleeves to shirtsleeves myth, which has been around far longer than the statistics about succession, but is equally as unreliable as the stats. I also cover the...2022-11-2423 minThe Family Business PodcastFamily Business WeekIn this episode I am joined by Fiona Graham from the Institute for Family Business as we discuss Family Business Week, some interesting research that will shortly be published and we debunk the myth that family businesses are old fashioned, “Mom and Pop Shops”.We also explore the contribution that family businesses make to the UK and global economies and discuss the topics that have been front of mind for family businesses on the recent IFB Tour!Useful LinksYou can find out more about the IFB and their work by heading over to t...2022-11-2348 minThe Family Business PodcastMyth of the Silver SpoonI am joined on this show by Kristin Keffeler as we discuss the myth of the silver spoon. This happens to be the title of Kristin's excellent new book which you can find out more about hereIn this really engaging conversation with Kristin we hear about her own story of growing up in a wealthy family.Kristin discusses how our relationship with wealth is not the same as our relationship with money and that there are various forms of clutter that, if we can address, we can transform those relationships and become our true s...2022-11-2254 minThe Family Business PodcastRules or Myths?In this episode of the show I am joined by Dr Jim Grubman as we discuss an article he has written for International Family Offices. In this article he explores the so called "70% Rule". This "rule" states that 70% of wealth transfers globally, fail. In the show Jim highlights which studies, evidence and statistics went in to the publication of the "rule" and why it is essential for practitioners and the families that we serve to ensure that we are not repeating so called "rules" as a marketing or fear tactic. We also look at what ca...2022-11-2143 minThe Family Business PodcastSeries 11 Preview - Family Business MythsWell, it has been a while since I hit record on my laptop but I am back with a new series of the show that is focussing on some of the common myths that exist within the world of family business and in particular when 'marketing' to family businesses. Joining me in this series are Dr Jim Grubman, Kristin Keffeler and Fiona Graham as we look at the following: The 70% Rule Myth The Myth of the Silver Spoon The Myth that family businesses are old fashioned, andThe Shirtsleeves to Shirtsleeves myth Over the next...2022-11-2107 minThe Family Business PodcastThe Gift of CollaborationWelcome to this special bonus episode of the show. This follows an incredible week spent in the US with Jamie and Maureen Kelley from Bank of Oklahoma, or BOK Financial. Jamie and I attended and spoke at the brilliant Purposeful Planning Institute Rendezvous conference in Denver and then spent some time with Maureen and her team along with some clients. We wanted to share with you this experience and the benefits that can come from collaboration amongst professionals. As we embrace the age of Wealth 3.0 it is more important than ever to focus on the...2022-07-2952 minThe Family Business PodcastHumanising the GiantsWe conclude our series looking at the ground-breaking research called The Quest for Legitimacy. This research spoke with rising gen family members from around the globe and asked them to share their experiences of growing up in "The Land of Giants". In this episode Jamie and I discuss the importance of humanising the giants in our lives to allow us to be able to walk in the land of giants. The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon and Barnes...2022-07-2236 minThe Family Business PodcastBreaking Moments and LiminalityAs we continue our look at The Quest for Legitimacy research Jamie and I explore what is referred to in the book at "Breaking Moments". What are they?What do they feel like? Why are they important? We then discuss what liminality is and how we are all currently living through a period of liminality. The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon and Barnes and Noble. It will also be available in...2022-07-1540 minThe Family Business PodcastThe Four Phases of The QuestIn this episode we delve much deeper into The Quest for Legitimacy and explore the four phases. In particular we look at examples from the research that highlight how the phases feel and are experienced. We discuss the fact that the phases are not linear and that at any point in your life you can be taken back into an awareness phase that can lead to opportunities for growth. The four phases of The Quest are: Awareness Tug of War Exploration OwnershipThe Quest for Legitimacy: How Children of Prominent Familie...2022-07-0840 minThe Family Business PodcastThe Quest for LegitimacyIn the first episode of the series we meet Jamie and hear about the depth of his experience across all of society, from Cook County Jail to large family enterprises. He shares the experience of growing up as the son of a Rabbi and the impact it had on his own life. We dive into the research and what motivated it along with an outline for the four phases of The Quest. The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World is available to buy on Amazon an...2022-07-0132 minThe Family Business PodcastSeries Preview - The Quest for LegitimacyFor the past 5 years or so I have been working alongside the brilliant Dr Jamie Weiner on a research project that has been asking members of the rising generation "what is it like to grow up in the Land of Giants?" In this series we bring you the findings from the research project and share stories from those we spoke with during this ground-breaking research. Jamie has written an amazing book called The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World which has brilliantly captured the unique challenges...2022-06-2908 minThe Family Business PodcastThe Good Ancestor MovementOn this weeks show I spend some time with Stephanie Brobbey as we discuss The Good Ancestor Movement. The impacts of the global pandemic and the war in Ukraine is bringing into focus some families relationships with their wealth and Steph has developed a fascinating way to discuss topics such as radical wealth distribution, wealth minimisation and values led wealth management. We also cover the importance of knowing your purpose and how the book Start with Why by Simon Sinek changed Stephanie's life. You can find out more about Stephanie at...2022-05-0254 minThe Family Business PodcastPsychology of WealthOn this weeks show I am joined by psychologist Dr. Moira Somers as we discuss the fascinating topic of The Psychology of Wealth. We look at the following: What is the Psychology of Wealth How can advisers work together to better serve our clients Why do we procrastinateWhy we are such good fun at parties! You can find out more about Moira by visiting her website here.Moira's Book can be found hereSupport the ShowThe podcast is entirely self-funded by me. I am...2022-04-2549 minThe Family Business PodcastWealth 3.0In this interview I speak with Dennis Jaffe, Kristin Keffeler and Jim Grubman about what developments and evolutions are happening within "Wealth 3.0". We discuss the history of modern wealth advice and what we can learn from Wealth 1.0 and Wealth 2.0. Jim spends some time at the beginning of the episode explaining these terms in case you are unfamiliar with them. We look at what can be learned from a study of 100 year old family businesses as well as other fields such as positive psychology. You can find out more about...2022-04-1850 minThe Family Business PodcastFamily Wealth IntegrationOn this episode of the show I speak with Dr Jim Grubman and Tom McCullough about the topic of Family Wealth Integration. We discuss what the term means for you as a family but also for you if you are a practitioner working with families of wealth. We explore the four levels of integration that currently exist within the market;- No Integration - Basic Integrated Financial Management - Integrated Wealth Management - Family Wealth IntegrationWe then explore the challenges of developing a practice across the lev...2022-04-111h 11The Family Business PodcastSeries 9 Trailer - Family WealthWelcome to this trailer for Series 9. This series I will be looking at the topic of Family Wealth in a little more detail and in particular some interesting thought leadership from some great guests. I have an interview with Jim Grubman and Tom McCullough in episode 1 of the series looking at Integrated Family Wealth, we then move on to an episode that looks at Wealth 3.0 with Dennis Jaffe, Jim Grubman and Kristin Keffeler. I then have an interview with Dr Moira Somers where we explore some of the psychology of wealth and lastly a great conversation with...2022-04-1107 minThe Family Business PodcastMeet your HostOn this weeks show the tables are turned! I am interviewed by my friend and colleague Martin Stepek. Following some requests from listeners to know more about me, I finally succumbed and asked Martin to interview me. If you want to hear more about how I became a family business adviser and how growing up in a home where my parents fostered other children impacted my life, have a listen. Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is...2022-02-2841 minThe Family Business PodcastSuccess or Succession?On this weeks episode of the show I discuss the fact that often the definition of success for a family business is its ability to pass the legal ownership of the business between generations. This is obviously a fantastic part of a family business, if that is what everyone wants. But, what happens if that isn't the case and yet all the advice that is being received is focussed solely on the technical, legal and tax benefits of passing the business to the next generation? I cover some of the alternatives and use a...2022-02-1424 minThe Family Business Podcast'Professionalising' the Family BusinessOn this weeks show, I speak about the topic of 'professionalising' the family business. The term is not one that I am a huge fan of as it can suggest that until that point everything you did was unprofessional. I explain what the term 'professionalisation' means and the circumstances under which it can arise. I also look at some of the common concerns or barriers to professionalisation and how to overcome them. There are many benefits to professionalising your family business and I summarise these as well. The episode...2022-02-0730 minThe Family Business PodcastOwnership PhilosophyOn this weeks episode I discuss ownership philosophy. Have you as an ownership group sat down and discussed why you own a business together and what ownership means to each of you? My thoughts are that when a business is set up, ownership is a byproduct of the founders passion, but as the business becomes something to pass to the next generation different perceptions of what ownership might mean to each of you can tensions within the business and the family. Having the conversation around what ownership means to each of you, whether that is...2022-01-3121 minThe Family Business PodcastGoals and HabitsAt the beginning of any new year it is easy to set ourselves New Year's Resolutions that normally fizzle out by February. For the past couple of years I have approached my years in a different way and I thought I would share this with you in this episode. There are applicable tips in this show for you and your family business and how to shape your vision and goals. Remember to sign up to the newsletter to receive my 2022 Mission StatementLINKS: My Three Words from Chris Brogan - https...2022-01-2422 minThe Family Business PodcastSeries 8 PreviewWelcome to 2022! This episode provides you with a preview of what to expect in Series 8 of the show. These will be shorter episodes covering specific topics that I think you will find useful. I also signpost you to the playlists that I have created covering topics such as Succession Planning Governance Next GenerationFamily Wealth Sustainability and much more. Support the ShowThe podcast is entirely self-funded by me. I am not looking for sympathy as it is something...2022-01-2409 minThe Family Business PodcastFamily Business Week - Sir John TimpsonTo celebrate Family Business Week we are looking back over some of our favourite interviews with UK family businesses. Today's interview is with Sir John Timpson. Timpson's is one of the UK's most recognisable brands and their culture is the envy of most. We hear about how this culture is embedded into the business and reflected across the country by empowered staff. We also hear about Sir John's experience of fostering many children alongside his late wife Alex. As someone who grew up in a home that fostered those less fortunate than me, I can relate to...2021-11-2654 minThe Family Business PodcastFamily Business Week - HMG PaintsTo celebrate Family Business Week here in the UK we are looking back over some of our favourite interviews with UK family businesses. Today's interview is with Jonathan Falder of HMG Paints. We talk about how their culture is embodied throughout the business with multiple generations of the same families working for HMG. We also hear about Jonathan's experience of coming face to face with an alien! About Family Business Week Family Business Week is a week long celebration of family businesses as a force for good The pandemic...2021-11-251h 04The Family Business PodcastFamily Business Week - The Arbikie DistilleryTo celebrate Family Business Week we are selecting some of our favourite interviews with family businesses here in the UK. Today's interview is with Iain Stirling from Arbikie. We discuss the collaboration that led to them creating the worlds first carbon positive Gin. About Family Business Week Family Business Week is a week long celebration of family businesses as a force for good The pandemic has once again highlighted the vital role that businesses play in supporting their local communities, and it is these community-focused values that are at the heart...2021-11-2452 minThe Family Business PodcastFamily Business Week - Maurizio BragagniTo celebrate Family Business Week here in the UK we are selecting some of our favourite interviews with family businesses here in the UK. This episode is a fantastic discussion with Maurizio Bragagni who is the CEO of Tratos, a multinational, multi-generational family business. We discuss the importance of looking after your local communities and highlight how family business can be a force for good! About Family Business Week Family Business Week is a week long celebration of family businesses as a force for good The pandemic has once...2021-11-231h 01The Family Business PodcastFamily Business Week - Interview with Josie Morris MBETo celebrate Family Business Week we are re-releasing some of our favourite interviews with family businesses here in the UK. In today's episode we revisit the conversation that I had with Josie Morris MBE from WoolCool. We talk about their journey to becoming a Certified B-Corp and Josie's experience of being awarded the MBE. About Family Business WeekFamily Business Week is a week long celebration of family businesses as a force for good The pandemic has once again highlighted the vital role that businesses play in supporting their local communities...2021-11-2254 min