Ep 107. Preserving Legacy & Embracing Change: The Isaac Family Business Story
Release Date: 10/07/2024
Ep 107. Preserving Legacy & Embracing Change: The Isaac Family Business Story
The Family Biz Show
What does it take to transition a multi-generational family business into new ventures while preserving its legacy? In Episode 107 of the Family Biz Show, we welcomed Ray Isaac, formerly of Isaac Heating and Cooling, now with Northwinds Services Group. Ray shares his journey of transitioning from a well-known family business in Rochester, New York, to exploring new opportunities. The episode delves into the complexities of managing a family business, the importance of maintaining a strong legacy, and the challenges of navigating transitions. Ray...
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Ep 106. From Finance to Fry Plates: The Sullivan Brothers' Building Bumpa’s
The Family Biz Show
Ever wondered what it takes to transform a family dream into a thriving business? In this episode of the Family Biz Show, Michael sits down with Connor and Dan Sullivan, the dynamic brother duo behind Bumpa's, a unique gastropub nestled in the heart of Charleston, South Carolina. The Sullivans recount their bold leap from stable careers in finance and corporate real estate to the unpredictable world of hospitality. They share the intricate process of renovating a historic building, navigating the challenges of opening during a pandemic, and crafting a menu that...
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Ep 105. The Epiphany & The Mud Run
The Family Biz Show
Episode 105 – The Epiphany & The Mud Run On this episode of The Family Biz Show, president of Williams Fence Dan Willams shares his journey into the family business, the values he learned along the way that continue to shape it, the evolution of his company & the impact of the ‘08 market crash. For family business owners and aspiring entrepreneurs, Dan's experiences provide a roadmap for achieving personal and professional fulfillment while maintaining the legacy and values of their family business. ----- If you’re a family business or a family...
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Ep. 104 Major Components of Family Business Exit Planning
The Family Biz Show
Episode 104 - Major Components of Family Business Exit Planning John Leonetti*, from the International Exit Planning Association, joins us in this episode to discuss the importance of exit planning for family business owners. He shares his personal journey and the challenges he faced when trying to plan for the succession of his family business. John emphasizes the need for proactive planning and highlights the three components of exit planning: personal readiness, company readiness, and market timing. He also introduces the six-step process for exit planning, which includes goal...
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Ep 103. Pivoting from Private to Public in Family Business
The Family Biz Show
Episode 103 - Pivoting from Private to Public in Family Business Nisha Balwani shares her journey as a second-generation CEO in her family business, RCI Technologies on this episode of The Family Biz Show. Nisha discusses the challenges and successes of the succession process, including the importance of clear communication and transparency, the need for patience and the value of bringing in outside expertise for exit planning and wealth management as well as the significance of being part of a CEO peer group for support and guidance. The conversation covers topics...
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Ep 102. From Zero To Millions; Growth in Family Business
The Family Biz Show
Episode 102 – From Zero To Millions; Growth in Family Business Matt McCauley* CEO of LogoBrands joins us on this episode of The Family Biz Show. He discusses his beginnings in the business, from starting in a garage to growing into a multi-million dollar company. He also doesn’t shy away from talking about the challenges of working with family members and the transition from father to son in the business. Matt also talks about the importance of licensing and expanding into new product categories, the significance of maintaining company culture and core values, as well as the...
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Ep 101. Cobbler Nights & Continuity Plans
The Family Biz Show
Episode 101 – Cobbler Nights & Continuity Plans Join us and guest Robin Hall President of VARC Solutions as we discussed the challenges and benefits of involving family members in the business, the importance of setting boundaries, and the process of growing the company and hiring employees. Robin also shares her insights on creating a business continuity plan, implementing dashboards and metrics, and the value of participating in business organizations like Vistage. ----- If you’re a family business or a family business consultant and want to...
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Ep 100. Resilience & Rhythm in Rochester Family Business
The Family Biz Show
Episode 100 - Resilience & Rhythm in Rochester Family Business In this special 100th episode, Marc Iacona shares his journey in the family business, Simcona Electronics, and the evolution of the company from a distributor to a manufacturer. He discusses the challenges and growth of the business, as well as the transition from the first to the second generation. Marc also talks about the process of buying out his partners and becoming the sole owner of the company, the genesis of the Rochester Jazz Fest and how he manages both organizations. Don’t miss this one and share it...
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Ep 99. Letting Go to Grow Your Family Business
The Family Biz Show
Episode 99. Letting Go to Grow Your Family Business In this episode, co-owner of CosmosCorp Derrik Kassebaum shares his unique story of entering the family business, the history of it and how “letting go” was what ultimately revolutionized his business and his life. He also highlights the significance of having a clear core purpose and values in guiding the business, the importance of communication and humility and about the learning and growth opportunities in family business, emphasizing the impact of books like 'Good to Great' and 'How the Mighty Fall’ and the development...
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Ep 98. Adapting to Survive; How Businesses Can (and should) Utilize AI
The Family Biz Show
Ep 98. Adapting to Survive; How Businesses Can (and should) Utilize AI In this episode, guest Anthony DeSimone of You’re The Expert Now talks about the use of AI, specifically ChatGPT, in family businesses. Anthony shares his background and journey to becoming an AI expert and they discuss the importance of AI in business and how family businesses can utilize ChatGPT to improve communication and productivity. They explore various use cases for ChatGPT, such as editing emails, generating social media content, and transcribing meetings and emphasize the need for businesses to...
info_outlineWhat does it take to transition a multi-generational family business into new ventures while
preserving its legacy?
In Episode 107 of the Family Biz Show, we welcomed Ray Isaac, formerly of Isaac Heating and
Cooling, now with Northwinds Services Group.
Ray shares his journey of transitioning from a well-known family business in Rochester, New
York, to exploring new opportunities. The episode delves into the complexities of managing a
family business, the importance of maintaining a strong legacy, and the challenges of navigating
transitions.
Ray reflects on his early experiences working in the family business, from cutting sheet metal as
a child to eventually leading the company to significant growth.
The conversation highlights the critical role of family values and legacy in business transitions.
Ray discusses the importance of treating a family business as an equity business, emphasizing
the need for clear boundaries between family and business roles.
He shares insights into the process of being approached by private equity and the emotional
and strategic considerations involved in such decisions.
This episode underscores the significance of adaptability, strategic planning, and the enduring
impact of family teachings and values in shaping the future of a business. Ray's story is a
testament to the power of legacy and the potential for growth and innovation in family
enterprises.
Share this episode with other family business owners that might enjoy the show!
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