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The Family Business Podcast

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The podcast dedicated to family business. Providing interviews and insights to help your family business thrive.

The podcast dedicated to family business. Providing interviews and insights to help your family business thrive.
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Location:

United Kingdom

Description:

The podcast dedicated to family business. Providing interviews and insights to help your family business thrive.

Language:

English


Episodes

Ep. 61 - The Three Elements of Succession

7/12/2019
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Succession Planning (or continuity planning!) is such a broad topic and as such it can be intimidating and very easy to put off. In this episode I speak with Daniel Trimarchi and we break down the three core elements of succession / continuity planning in a family business. Daniel Trimarchi is a Senior Manager and Family Business specialist with KPMG, at the time of recording he was about to embark on a role with KPMG in Canada, but before he left we grabbed some time to discuss the...

Duration:00:45:59

Ep. 60 - State of the Nation Report

7/5/2019
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The Family Business sector in the UK contributes more than the annual budget for the NHS each year. Their importance cannot be under-stated and the IFB have produced a report that highlights the trends and challenges facing family businesses today. In this episode I speak to Fiona Graham of the Institute for Family Business about the findings in the report and what family businesses can learn from these findings. Fiona Graham is the IFB Director of External Affairs and Policy. She is...

Duration:00:43:05

Ep. 59 - Interdependent Wealth

6/28/2019
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Steve's previous episode remains the most popular episode to date and so there is huge pressure on him delivering again in this show! Luckily he doesn't disappoint! In this interview I chat to Steve about the book he mentioned he was writing during our previous interview. The book is called Interdependent Wealth: How Family Systems Theory Illuminates Successful Intergenerational Wealth Transitions. The book builds on the Bowen Theory that Steve introduced us to before and looks at...

Duration:01:12:06

Ep. 58 - Cultivating Culture - The Institute for Family Business Conference

6/21/2019
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Each year The IFB hold a conference for Family Businesses and if you missed it, check out this episode to hear what the key points and takeaways were from the conference. We hear about the importance of cultivating culture and how family owned businesses are perfectly placed to create working cultures that attract and retain staff. Elizabeth Bagger is the IFB Director General. She joined the IFB in 2009 and, after having spent over seven years designing and running the IFB’s...

Duration:00:30:45

Ep. 57 - Gaining External Experience

5/10/2019
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One of the most common questions we are asked when considering the 'best' path for next generation family is whether or not they should seek experience outside of the family business. How do next gen go about seeking this experience and is there a danger that this will mean that they won't actually return to the family business. I chat to Andrew Keyt and address these questions in this episode. You can find out more about Andrew here: https://andrewkeyt.com/ or on Linked In here:...

Duration:00:55:15

Ep. 56 - Family Business Advice Teams

5/3/2019
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Businesses need to take advice from experts to help them navigate the sometimes tricky areas of law, tax and financial services amongst others. Traditionally this may be through several different individual firms or that everything goes through an individual trusted adviser who is seen as the 'gatekeeper'. But is this model fit for purpose? Is there an alternative that is better aligned to your family's needs and your business needs? My guest this week thinks so! I discuss this...

Duration:01:03:19

Ep. 55 - Family Champions

4/26/2019
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Joshua Nacht is a consultant with The Family Business Consulting Group. His new book Family Champions and Champion Families he explores the value of family leaders in creating enduring business family success. We discuss this in this episode. The family champion is typically a family owner who acts as a catalyst to help other family members become more effective. In order to facilitate significant development and change throughout the family, family champions engage and inspire the...

Duration:01:02:35

Ep. 54 - What is a Family Office?

4/19/2019
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There is a growing number of family offices across the world. But what are they and why would a family consider using one. In this episode I chat to Andra Ilie who works for a private or family office about the different roles that a family office can play and why they are becoming more and more popular. We look at the difference between single family and multi family offices and hear some practical examples from Andra. You can find out more about Andra here:...

Duration:01:04:28

Ep. 53 - Wealth of Wisdom

4/12/2019
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Tom McCullough along with Keith Whitaker have created a book and podcast series that focusses on the Top 50 Questions that wealthy families ask. Tom and Keith collaborated with some of the most respected advisers in the field of family business to create this fantastic resource. In this episode I chat with Tom about the process, some of the common areas that cause concern for business families and dig in to some of the key questions. You can find out more about the book here:...

Duration:01:04:28

Ep. 52 - Your Business, Your Family, Their Future

4/5/2019
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Emily Griffiths-Hamilton is a Chartered Accountant, a Family Enterprise Advisor and a Conflict Resolution Coach who brings three generations of experience to the subject of wealth and family-business transition planning. In this interview we chat about the Vancouver Canucks, the discussions Emily had with her family when she decided to leave the family business and we discuss her new book in which Emily outlines ways to ensure that your family enterprise thrives for generations. You...

Duration:01:18:58

Ep. 51 - Preparing for Succession

12/21/2018
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Rochelle Clarke, global strategist and business succession expert, helps family businesses overcome barriers to succession transitions. With nearly 20 years of professional experience, Rochelle combines a variety of best practices and practical solutions to balance strategic thinking and operational practicality for businesses of all sizes. Succession Strength was founded by Global Strategist and Business Succession Expert, Rochelle Clarke. With an MBA from The Wharton School of...

Duration:00:54:21

Ep. 50 - What is Family Business Consulting?

12/14/2018
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It gets a bit emotional in this episode but we are emotional beings and this can be especially so when you work with your family. John Tucker is a colleague, a mentor and importantly a friend. He has been working with family businesses for almost 30 years and he explains in this podcast why he does what he does and how. John's methodology, which I have been fortunate enough to develop myself, is based on a combination of Process Consulting and Systems Thinking and this combination...

Duration:01:05:26

Ep. 49 - Disruption with Prof. John A Davis

12/7/2018
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The word disruption can have negative connotations, it can make you feel uncomfortable and wary. But, it can also be an opportunity to change, an opportunity to pivot and embrace change. In this episode we speak with Prof. John A Davis on MIT Sloan bout his new role, what his research on disruption shows and how firms can adapt to this. We also discuss the impact of increased longevity on family firms and tips to help. We also chat to John about what he means when he says that...

Duration:01:04:47

Ep. 48 - Cobblers! The Timpson Group Story

11/16/2018
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Timpson is one of the most recognised names on the UK High Street and Sir John Timpson, as Chairman of the business founded by his great grandfather chats to us about the management style adopted at the businesses over 2,000 branches. In this interview I chat to Sir John about the history of the business, the fantastic culture that has been created and the challenges that were faced in convincing management that it was a good idea. We also talk about Sir John and his late wife, Alex....

Duration:00:51:33

Ep. 47 - Pitfalls of Leadership

10/26/2018
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Caroline Gourlay is an independent Business Psychologist. Since qualifying in 1997 she has worked with a diverse range of organisations in the public and private sectors, either directly or as an associate of larger consultancies. In this episode we discuss the pitfalls that can impact on leadership and how to avoid these pitfalls. Some of these are specific to family business others are more general pitfalls that seem to impact on most businesses and Caroline offers some fantastic...

Duration:01:06:21

Ep. 46 - Transparency and Engagement

9/28/2018
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Here in the UK there are some new rules coming into force in January that are primarily aimed at large privately owned businesses. This will include many family owned businesses and so we speak to Matt Timmons and Suzi Woolfson from PwC about what these changes are and what they mean for your business. If you are a smaller business that isn't affected, or based outside the UK it is still worth a listen as these rules seem to be encouraging transparency and other measures that could be...

Duration:00:39:42

Ep. 45 - The 100 year old Family Business

8/24/2018
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No business remains the same after a 100-year journey. Every long-lasting family enterprise learns how to navigate developmental and business crises as it crosses generations. Dennis' paper presents the business journeys of the nearly 100 long-lasting families in our study. Their resilience stems from continual innovation and transformation. We look at their major transformations—harvesting, pruning, diversifying and grounding—and at how the family is able to build an adaptive,...

Duration:00:46:24

Ep. 44 - Trapped in the Family Business

7/27/2018
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There are lots and lots of articles and websites that rightly highlight the huge positives of working with your family, but very often we hear from people who are feeling trapped and isolated within the family business. Michael is the founder of MK Insights, LLC and has 17+ years of experience as a consultant, assessment specialist, business coach, and facilitator. In his book 'Trapped in the Family Business' Michael shares experiences of those family members he has worked with that feel...

Duration:01:02:25

Ep. 43 - The Three Circle Model - 40 years on

7/20/2018
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Professor John A. Davis, FFI Fellow, is a pioneer in the family enterprise field and a globally recognised authority on family enterprise, family wealth and family office topics. He has created some of the most impactful concepts and frameworks used in the field. In 2018, he joined the MIT Sloan School of Management faculty to build an innovative portfolio of family enterprise programs, after leading the family enterprise area at Harvard Business School for more than 20 years. He is also...

Duration:01:03:32

Ep. 42 - The Family Business Network

7/13/2018
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We often hear that family businesses can feel isolated as they do not have a support network or peers that they can speak to. The Family Business Network is a support network in Cumbria, Lancashire and now Yorkshire providing family businesses with a safe space to share their challenges. We speak to Sue Howorth and Dave Clarkson to hear about what support is available. We discuss the importance of a network that can support families on a business and individual level. The use of Insight...

Duration:00:50:18