9. Pathways to Multi-Generational Legacy | Presentation
Release Date: 05/23/2018
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_outlineWhat would it be worth to you and your family if you had a process that you knew could help you leave a harmonious world changing legacy for many generations? Your family legacy includes all that your family holds dear and wants to preserve in future generations.
In this episode, you’ll hear the content from a presentation that I have been doing recently at conferences for wealthy families. I share a strategy and case study illustrations from my own family as I’ve spend the last 16 years trying to figure out how to create my own multi-generational legacy.
Sixteen years ago I met a man named Greg Gunn who asked me a question that rocked my world. He said, “Lonnie, why do you invest so much time developing and implementing clear mission, vision, values and strategy for your business but you don’t take the same intentional approach to leading your family?”
I honestly had never thought about it that way. I didn’t even know where to begin leading my family that strategically. So what I am sharing with you in this episode is based on many years of coaching and trial and error practice in our own family. A I believe this is a strategy that can help anyone develop multi-generational harmony and world changing legacy.
Great legacies are no accident. Mere hope is not a likely pathway to a legacy you’ll be proud of. A great legacy requires a clear strategy and action.
This process for creating family legacy results in a more harmonious family with greater sense of shared identity and purpose.
Here’s an overview of the two-stage process for creating multi-generational family legacy.
The first stage is defining your family compass that will provide consistent direction to your family now and in future generations. Your family compass has three components:
- Family values
- Family mission
- Family vision.
The next stage is planning your strategy for implementation of your family compass using specific
- Relational pathways
- Structural pathways
I’ll be providing you with the principles that drive each of these components, a process you can use to do this in your family and some practical case study illustrations from our family.
Check out the link in these show notes Resources for the PowerPoint presentation that has all the questions and processes you need to work through in order to begin to implement this in your family. I’d recommend that listen through the podcast once to get a good overview. Then, if you want to actually do something to impact your legacy, listen again following along in the PowerPoint presentation and pausing the podcast and answer the questions on your own or with family members. Yes, if you want this to actually make any difference in your life, you’ll need to actually take action on it. :)
RESOURCES:
Download the PowerPoint presentation used during my recent presentation on this topic at the IMN Family Office Conference, check out Family Legacy Presentation-IMN Conference, 5-15-17
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