35. Building Your Family’s Relational Bank Account with Tim & Michelle Seneff
Release Date: 11/22/2021
36. How Success is Achieved in NextGen Leaders with David Bentall
Systems for Success
How do you develop strong relationships that keep the family thriving for generations? David Bentall joins me today to bring some insight into just that with his years of multi-generational family business experience! For more than two decades, David worked in his family’s real estate and construction business, and during his tenure as President and CEO of Dominion Construction, the family business doubled in size with almost $300,000 in sales! As the successor of such a thriving business, he’ll share with us his experience as the NextGen leader, the appointed president who guided his...
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35. Building Your Family’s Relational Bank Account with Tim & Michelle Seneff
Systems for Success
Learn how to build your family’s relational bank account as Tim and Michelle share how to create healthy boundaries between family members, how to create a cadence of communication in the extended family, and how to deal with failure both in your personal life and in business in a way that helps you and your kids see it as a growth opportunity. This is a rare opportunity to hear the wisdom Tim and Michelle Seneff are gaining as they learn to navigate challenging business and family transitions and intergenerational family dynamics in a way that brings deeper meaning and even joy. Tim Seneff...
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34. What 2020 Taught Us | A Family Round Table
Systems for Success
2020 was a crazy year that gave us unique opportunities for profound learnings that can only happen when life is disrupted. We all learned more about ourselves, our relationships, our purposes and our values. Join our family as we gather around the table to share some of our highest impact learnings from challenging circumstances, accomplishments and mistakes. This entry from one of Lachelle’s 2020 reflection may give you some encouragement on your journey: When the world is chaos, when the boat is being rocked and the waves and the wind are large and wild, I...
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33. Build and Keep Success for 120 Years
Systems for Success
This is a rare opportunity to sample the secrets of multigenerational families from the leader of a successful billion dollar a year 120-year-old family business with 341 family member shareholders. What Are the Traits of a Successful Multigenerational Generation Family? They know the family story. They know who they are. They are clear on their values and live them out. They understand trust is important within the family and reinforce that through words and actions. They are clear on the direction they want to go as a family and move in that direction. Each successive generation is...
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32. 280 Years of Family Legacy Learnings in One Hour with Mitzi Perdue
Systems for Success
This is a golden opportunity to hear the author of, How to Make Your Family Business Last, Mitzi Perdue, distill a combined 280 years of her own family’s culture-building wisdom into one hour. You’ll gain real life lessons and gain practical tools you can use to create and maintain a healthier family culture that could endure for generations. Mitzi combines the experiences of two long-time family businesses: her father Ernest Henderson co-founded the Sheraton Hotel Chain and her late husband Frank Perdue was the second generation in the poultry company that today operates in more than 100...
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31. Catch the Current, Make Your Wave! Life Lessons from Seasoned Entrepreneur, Kevin McGovern
Systems for Success
The world has forever changed. It’s time to catch the current and make your own wave. What can you learn from the currency of success patterns from the past that will help you adapt to and succeed in a post-COVID-19 world? Learn how you can accelerate the innovation of a more ideal future—now and beyond the current challenges—by adapting past learnings to current realities. Gain valuable insights from Kevin McGovern who has founded over 25 companies, six of which have become world/category leaders (such as SoBe Beverages), and has been lead negotiator/principal in over 15...
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30. Wisdom from America’s Wealthiest Multigenerational Families—An Interview with Pierre DuPont
Systems for Success
Developing and preserving family wealth and strong values takes great effort. What can you do to make sure your next generations are building on what’s important to your family rather than blowing it? Why is the most common pattern “shirtsleeves to shirtsleeves in three generations”? Most families within one generation develop tangible and intangible values they are proud of. But all too often that which is valuable to one generation is not effectively transferred to future generations. In this episode, we’ll introduce you to two families that have managed to pass various forms...
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29. Integrating Work and Family
Systems for Success
Never before have so many families struggled with incorporating what happens in business with what happens in the home. The pursuit of work-life integration has become more important now than ever. But what exactly, does that mean, and how do you do it? Business can be an endlessly fascinating subject that encourages the exchange of ideas and eager discussions about the future. Or the constant demands of business creeping into the home can cause undue stress in the family and disintegrate relationships. How do you deal with the reality that the responsibilities of business can sometimes...
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28. Keys to Positive Relationships Between Parents and Adult Children
Systems for Success
Relationships are the greatest treasure in life that we could ever have. In this episode, you’ll learn how you can improve your relationship with your parents or adult children. The quality of the relationship you have with your family does matter. Having that best friend type of relationship with your adult children or parents is one that you’ll truly enjoy for the rest of your life. Join us as we discuss how to identify and truly value the differences in each family member, how we can appreciate them through a love language that they speak and keep a mindset of grace. Find out how...
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27. Navigating Roles and Relationships Between Parents and Adult Children
Systems for Success
Nobody said parenting would be easy! Especially, when your kids are growing into adulthood. They are ever-changing, and everything happens very fast. Are you being a good parent to your adult child? Are you still treating your 21-year-old the way you treated him back when he was 14? Many parents struggle to navigate their role in their children’s life as they transition into adulthood. Just like how your child evolves and grows, so should your relationship with them. As parents, you must learn to relate to your grown-up child appropriately. You have to learn to listen more and let them...
info_outlineLearn how to build your family’s relational bank account as Tim and Michelle share how to create healthy boundaries between family members, how to create a cadence of communication in the extended family, and how to deal with failure both in your personal life and in business in a way that helps you and your kids see it as a growth opportunity.
This is a rare opportunity to hear the wisdom Tim and Michelle Seneff are gaining as they learn to navigate challenging business and family transitions and intergenerational family dynamics in a way that brings deeper meaning and even joy.
Tim Seneff worked up through the ranks of the private investment firm his father started. He eventually becomes President of CNL Financial Group which has formed or acquired companies with assets of over $25 billion. But everything started to change when a significant health crisis shifted his perspective and the focus he wanted for his wife and five kids. This forced them to grapple with two critical questions: What happens when the personal priorities of the next generation change or differ from the prior generation? How do you balance the priorities of work and family when you’re a part of a family business?
Episode Highlights:
- How wealth and success can create lubrication for life that causes you to miss working on the hard stuff internally and in relationships.
- The pressure of wearing the family name or business name on your jersey every day.
- The value of crisis to reshape your perspective.
- The importance of having healthy feedback circles that call you on your stuff.
- Learning to enjoy the journey on a slower road where the people you love are with you.
- How to succeed as the second generation in the family business.
- Honoring prior generations (even when they make mistakes) while creating a culture of grace and truth and love. Thinking about what grace may I want my kids to give me when I'm older.
- How to be ready for major resets in life (e.g. relational fractures, divorce, or death in the family)
- Finding the balance between truth and love. Pressing onto peace instead of conflict.
- Leading with humility and diplomacy.
- Doing the deep work of knowing who you are and who you aren't.
- Families that play together, stay together.
- Wearing the right hand with each of your children based on the phase of life they are in.
- Creating a multigenerational mindset in your children through values transfer and storytelling.
- How divorce impacts adult next-gen and sibling relationships.
- The value of seeking personal counseling especially when not in crisis mode.
- Prioritizing your personal family over your family of origin while still loving your extended family well.
- Moving from predictable and controlled life to a position of risky adventure taking.
- The thrill and risk of measuring financial success are based on how much you give to others.
- Know the truth you believe, not just based on the truth your family believes.
- Shifting manhood identity to my pursuit of your wife and her heart instead of an identity based on achievement at work.
- Helping your kids develop the stewardship and entrepreneurship mindset especially when they are raised in affluence.
- Why it's valuable for your children to have failure being an option.
- Importance of not pushing the next-gen into your family business or into leadership roles too fast.
Thank you!
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