Ep 88. Successfully Navigating Family Business Dynamics
Release Date: 08/18/2023
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...
info_outline Ep 102. From Zero To Millions; Growth in Family BusinessThe 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...
info_outline Ep 101. Cobbler Nights & Continuity PlansThe 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. OUR GUEST ROBIN HALL* Robin Hall is the President and Principal Consultant at VARC...
info_outline Ep 100. Resilience & Rhythm in Rochester Family BusinessThe 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...
info_outline Ep 99. Letting Go to Grow Your Family BusinessThe 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...
info_outline Ep 98. Adapting to Survive; How Businesses Can (and should) Utilize AIThe 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_outline Ep 97. 200 Years of Sweet Treats and Survival in Family BusinessThe Family Biz Show
Episode 97. 200 Years of Sweet Treats and Survival in Family Business In this episode, Janice Jucker of Three Brothers Bakery takes us on a fascinating journey, from the bakery's humble beginnings in Poland 200 years ago to its current status as a beloved Houston institution. She shares the inspiring story of her aunt Jenny, who saved her three brothers from the Nazis during World War II, and how these brothers later founded the bakery in Houston in 1949. We discuss the importance of understanding insurance policies and having proper coverage, as well as the need for cash reserves...
info_outline Ep 96. A Legacy in Motion; Dylan’s Journey from Agriculture to TransportationThe Family Biz Show
Episode 96. A Legacy in Motion; Dylan’s Journey from Agriculture to Transportation We had the pleasure of talking to Dylan Rexing*, CEO of Rexing Companies. We discussed the evolution of Dylan's family business from agriculture to transportation, the complexities of working with family, and the growth from a small team to a company with nearly 100 employees. Dylan shares his journey from reluctant bookkeeper to a CEO focused on serving his employees and the importance of hiring good people. We also explored the significance of culture, leadership development, and the use of...
info_outline Ep 95. Brewing Up Success: Turning Coffee into a Family EmpireThe Family Biz Show
Ep 95 - Brewing Up Success: Turning Coffee into a Family Empire In this episode of the Family Biz Show, we sat down with Lisa Smoot* from San Francisco Bay Coffee. Lisa, who is a regular listener of our podcasts on her incredible daily commute, shares the incredible journey of her family's business, from a bankrupt company to a thriving $200 million enterprise. Lisa opened up about her personal experiences of entering the family business and the challenges they faced along the way, the company's strong partnership with Costco and how it has contributed to their growth and her...
info_outline Ep 94. From Bricks to Community Engagement in a Multi-Generational Family BusinessThe Family Biz Show
Ep 94 - From Bricks to Community Engagement in a Multi-Generational Family Business On this episode of The Family Biz Show, Andy Breuer from Hueber-Breuer Construction Company. Andy shares his journey of joining the family business and the company's 151-year legacy and we discuss the importance of maintaining a good reputation, the significance of company culture, and the role of managing a construction business. Andy highlights several community-oriented projects and the company's focus on sustainability, succession planning, leadership development,...
info_outlineEp 88 - Successfully Navigating Family Business Dynamics
In this episode of The Family Biz Show, Eric Slatten of ECS International joins us to talk about his journey into his family business, the importance of company culture, why it’s important to seek outside help, and how to build trust within a team. Eric also discusses the challenges his family business is facing and his strategies for overcoming them. Don’t miss this one!
OUR GUEST
ERIC SLATTEN*
Eric Slatten has over 15 years of experience in the electronic component industry. He began his endeavors at ECS Inc. International in inside sales and soon progressed toward leading the global sales department.
In January 2022, Eric became the company’s President while his father, Brad Slatten, remained ECS Inc. International’s CEO.
Outside of overseeing daily business operations, Slatten fosters the corporate relationships between ECS Inc. and their supply chain and global distribution partners alongside the ECS Inc. regional sales managers and sales representative network.
-------
If you’re a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to [email protected] or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form!
CRN-5726637-060723
*not affiliated with Lincoln Financial Advisors Corp.
Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.