Family Business/Business Family

We're fresh off our Transitions Fall 2024 conference and talking — you guessed it — generational transitions. In this episode, Accurate Box Company G3 President and CEO Lisa Hirsh; her husband, Executive Vice President Sales and Marketing Mark Schlossman; and their daughter, Director of Sales and Marketing Samara Ronkowitz, discuss how the company is planning for the transition to G4. Also, Meganne Wecker, the 3G president and chief creative officer of Chicago-based Skyline Furniture and founder of its sister brand Cloth & Company, explains how her father fostered entrepreneurship and innovation as he handed the reins to her. And Deloitte Private US Family Enterprise Leader Laura Pearson discusses the findings of a recent survey that shed light on the generational divide in many family businesses.

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In this episode of Family Business/Business Family, Lisa Daniel, Education Chair of the Joseph Lodge Family Council, explains how to make family governance work — and why it’s worth the effort. Also, Eric Johnson, partner and U.S. Family Office Tax Leader at Deloitte, discusses some of the recent trends they’ve seen in the growth of the single family office space. And Bill Rock, CEO of MLR Media, the publisher of Family Business Magazine and FO Pro: The Family Office Professional, provides a primer on how family offices serve families and discusses some of the challenges and opportunities on the horizon for family offices.

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In this episode of Family Business/Business Family, Karen Norheim, president and CEO of American Crane and Equipment Corporation, discusses how her family business got started somewhat by accident. Also, sisters Chelsea and Callie Sher, whose mother began building a family business in 2002 when she purchased the now 90-year-old brand Evanger’s Dog & Cat Food Company, explain how the family works together on the manufacturing side but competes with one another on the brand side. And Family Business Magazine Contributing Editor Dennis Jaffe provides guidance on how current gens can embrace the role of the elder in their family businesses.

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In this episode of Family Business/Business Family, speaker, author and entrepreneur Octavian Pilati discusses the crisis that cost his family their business and their harmony. He describes the lessons he took from the experience and is now trying to pass along to other family business owners.

Also, Linda Fonner, CFO of family-owned and -operated Edmund Optics, director of HashWatt Inc. and member of the advisory board of TrainedArrow, discusses the do's and definite don'ts of building a board.

And Jamie Shah, president of her family's business, Chem-Impex, and a Polsky Center entrepreneur in residence at the University of Chicago, explains how family businesses can provide a unique pathway to entrepreneurship.

This episode is brought to you by Deloitte Private: serving family-owned companies, family offices, and privately-held businesses, and advising them on addressing a range of issues, from growth, talent and succession to the potential and perils of AI.

Interested in being a guest or have a topic you’d like to hear us discuss? Contact host Zack Needles, editor-in-chief of Family Business Magazine, at: zneedles@familybusinessmagazine.com.

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In our inaugural episode of Family Business/Business Family, we sit down with Karla Trotman, president and chief executive officer of Electro Soft Inc., the nation's largest Black-owned electronics manufacturing and engineering firm. We discuss how she and her family handled her tricky transition to the top spot, which included the difficult decision to buy out her siblings. We also talk about her new book, “Dark, Dirty, Dangerous: Building the Vibrant Future of Manufacturing.”

Also, Katie Rucker and Jenny Dinnen, second-generation co-presidents of MacKenzie Corporation, drop by to answer an age-old family business question: Can co-leadership actually work?

And Dennis Jaffe, author of the book, “Borrowed From Your Grandchildren: Evolution of 100-Year Family Enterprises” and our newest Family Business Magazine columnist, tells us about a troubling trend he’s noticed recently: families failing to follow through on their estate and succession plans.

This episode is brought to you by Deloitte Private: serving family-owned companies, family offices, and privately-held businesses, and advising them on addressing a range of issues, from growth, talent and succession to the potential and perils of AI.

Interested in being a guest or have a topic you'd like to hear us discuss? Contact host Zack Needles, editor-in-chief ofFamily BusinessMagazine, at:zneedles@familybusinessmagazine.com.

Hosted on Acast. See acast.com/privacy for more information.