Ep 85. Creating a Culture of Giving: The Spiritual Capital of a Family Bank
Release Date: 07/07/2023
Legacy Isn’t Left—It’s Lived: Mike Young’s Pivot from Farmland to Future Wealth | The Family Biz Show Ep. 117
The Family Biz Show
In this deeply resonant episode of The Family Biz Show, Michael Palumbos sits down with Mike Young, fourth-generation family business leader and author of The Farmer’s Code. From a humble start farming rice in the Californian desert to exiting a vast family farmland portfolio, Mike offers a masterclass on pivoting, stewardship, and enduring family cohesion. Key Themes: Roots in the Soil (00:00–06:30) Mike recounts the origins of Wegis & Young—his great-grandfather's immigration, renaming, and pioneering efforts in California's Central Valley. Their early crops, including rice and...
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Building a Family Office That Lasts: Wealth, Legacy & Leadership | The Family Biz Show Ep. 116
The Family Biz Show
In this episode of The Family Biz Show, host Michael Palumbos sits down with Scott Saslow—entrepreneur, author, and founder of One World Investments. Together, they explore the overlooked complexities of what comes after the liquidity event. From defining a family office to uncovering its entrepreneurial DNA, this episode is a must-listen for legacy-minded leaders preparing for the next stage. Key Themes: What Is a Family Office, Really? Scott demystifies the term “family office” for founders and next-gen leaders. It’s not just an investment vehicle—it’s an infrastructure. And it...
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Transforming Leadership with Generative Listening | The Family Biz Show Ep. 115
The Family Biz Show
In this episode of The Family Biz Show, host Michael Palumbos welcomes Brent Robertson, founder of Be Generative, to discuss transformative leadership and the power of generative listening. Brent shares how shifting from controlling leadership to generative listening can radically improve communication, foster innovation, and create a future-ready organization. This conversation is especially relevant for family business leaders aiming to empower the next generation and ensure a lasting legacy. The Power of Generative Listening: Generative listening goes beyond active listening by creating a...
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Culture Over Chaos: How Randy Carr Rebuilt World Emblem | The Family Biz Show Ep. 114
The Family Biz Show
Culture Over Chaos: How Randy Carr Rebuilt World Emblem | The Family Biz Show Ep. 114 In this powerful episode, Michael Palumbos sits down with Randy Carr, second-generation CEO of World Emblem, who shares a brutally honest and insight-packed journey of rebuilding a company from scratch—twice. From failed ERP systems to near fistfights with his brother, Randy takes us behind the scenes of what it really takes to build a legacy business with 1,600+ employees. This episode is a must-listen for leaders facing coordination gaps, stalled growth, or succession uncertainties. Key Insights &...
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Legacy on Film: How Eriksen Dickens Helps Families Preserve Their Stories | The Family Biz Show Ep.
The Family Biz Show
In this episode of the Family Biz Show, host Michael Palumbos is joined by filmmaker and entrepreneur Eriksen Dickens of Platinum Peak and Dickens Brothers to explore the power of legacy documentaries in preserving family stories for future generations. Eriksen shares the inspiring story of building a creative business with his brother—starting with childhood movies on their family ranch to directing legacy films for philanthropists, founders, and family foundations. They discuss the unique dynamics of working with family, the evolution of their business, and the challenges of leadership,...
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How Family Offices Evolve: Strategy, Structure, and Success Across Generations | The Family Biz Show Ep. 112
The Family Biz Show
How Family Offices Evolve: Strategy, Structure, and Success Across Generations | The Family Biz Show Ep. 112 🎙️ In this episode of the Family Biz Show, host Michael Palumbos sits down with Peter Moustakerski, CEO of the Family Office Exchange (FOX), to explore the evolving landscape of family offices and how multi-generational families can preserve wealth, purpose, and unity across generations. Peter shares his unconventional career journey—from launching businesses in China to helping build Ray Dalio’s family office—and the lessons learned from working with ultra-high-net-worth...
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How Three Generations Built a Thriving Tile Business | The Family Biz Show Ep. 111
The Family Biz Show
In this episode of The Family Biz Show, host Michael Palumbos welcomes three generations of the Firkins family, owners of Tile Wholesalers, to discuss the evolution of their family business over 52 years. From launching as a one-man tile distributor in the 1970s to becoming one of upstate New York’s leading residential and commercial tile providers, the Firkins family shares a powerful story of generational leadership, trust-based succession planning, and strategic growth. Al, Dave, Kathryn, and Conor Firkins reveal how they’ve handled leadership transitions, embraced new technology,...
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Leadership Tensions in Family-Owned Businesses | The Family Biz Show Ep. 110
The Family Biz Show
In this episode of the Family Biz Show, host Michael Palumbos is joined by executive coach and author Cathy Carroll to explore the emotional and strategic tensions unique to leading a family-owned business. Drawing on personal experience and her new book Hug of War: How to Lead a Family Business with Both Love and Logic, Cathy reveals how families can navigate leadership challenges, intergenerational conflict, and complex relationship dynamics with clarity and compassion. The conversation dives deep into the concept of polarities—opposing truths that both carry value—and how recognizing...
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Buying a Family Business: How Michael Bower Revived a Struggling Company | Family Biz Show Ep. 109
The Family Biz Show
In this episode of the Family Biz Show, Michael interviews Michael Bower, who shares his journey of acquiring and revitalizing Eagle Metal Craft, a multi-generational family business. They discuss the challenges of succession planning, the importance of maintaining a strong company culture, and the impact of family dynamics on business operations. Bower reflects on his experiences navigating the complexities of a declining business, the significance of mentorship, and the strategies he implemented to professionalize the company and drive growth. The conversation emphasizes the need for clear...
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The Art of Selling: Insights from a Sales Maven Ep. 108
The Family Biz Show
After a long haitus due to a company transition, we're back with episode 108! In this episode of the Family Biz Show, Michael interviewed Nikki Rausch of the Sales Maven, who shares her journey from a successful sales career to becoming a sales consultant. They discuss the importance of hiring the right salespeople, understanding the sales process, and the differences between marketing and sales. Nikki introduces her Selling Staircase framework, emphasizing the need for curiosity in sales conversations and the importance of training for business owners and their teams. Some major topics...
info_outlineEp 85. Creating a Culture of Giving: The Spiritual Capital of a Family Bank
On this incredibly feel-good episode of The Family Biz Show, three-time returning guest Jay Hughes Jr. joins us to talk about his experience working with families and his passion for helping them flourish and evolve. Jay explains the idea behind the Family Bank and how it can help families manage their wealth and legacy, emphasizing the importance of growing spiritual and social capital within the family, rather than just focusing on the financial. Don’t miss another one of Jay’s episodes with us, as they’re always filled to the brim with family business wisdom that will transcend the age.
OUR GUEST
JAY HUGHES JR*
James E. “Jay” Hughes, Jr. is a sixth-generation counselor-at-law, now retired, author and co-author of multiple books and influential articles on family governance and wealth preservation. He is renowned for facilitating multigenerational family meetings, with an emphasis on governance issues. Hughes is frequently called on to address international and domestic symposia on helping families to flourish through the growth of their human, intellectual, spiritual, social and financial capital.
Through his pioneering work with families, Hughes has become the leading voice for a more enlightened, expansive approach to family office management and in turn, a mentor to countless family office executives. In 2021, the James E. Hughes, Jr. Foundation was established to honor Jay and the Hughes family lineage through educational programs and funding for advisors who are similarly called to serve families.
Find out more about Mr. Hughes on his website or through the Jay Hughes Jr Foundation.
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