This is part 2 of our topic on Family Business Issues for when is it time for someone to leave. We covered several questions in part 1 and tonight we addressed several more questions.
Family can be a blessing and a curse. That’s true whether you are talking about real life or your business. At times we can become too “familiar” with each other. Usually when that happens with family in the business we will overlook things that we wouldn’t otherwise overlook in our employees or business partners who aren’t family. Too often, it comes to the point where someone needs to leave. So what do you do?
Small business can be emotional. This isn’t a good or bad thing. It’s just a thing. It can be a great thing if you can get your team emotionally connected to the business where they start to take ownership of their decisions and activities.
This week we were joined in studio by Jeff Tomaszewski, owner and Chief Life Transformer at Max Strength Fitness. Max Strength Fitness is a different kind of training company where they focus on twenty minutes twice per week to transform you.
So you’ve been running your business for years or even decades. Some days you hardly have time to think. But you heard about a friend who recently sold her business or your spouse is asking when you’re going to retire. So how do you know you’re ready to sell your business? What do you need to do to get your business ready to sell?
For the last two shows we spent some time talking about this topic of transitioning a business from the owner’s perspective. Tonight, we flipped the script to talk about it from the next generation’s standpoint. While some of the questions are similar the perspective and decisions will be different
Tonight is the second part of a show we started last week to talk about how to transition the business from one generation to the next. These two shows are geared to the current owner and questions and concerns they have. Net week we will get into questions from the next generation’s standpoint, but this week and last week’s shows should be helpful for you as well.
This episode was designed to be the first of a 2-part series focused on helping both current owners and potential next generation owners figure out how to transition the business. Well, we only got about half way through the questions for the current owner this week so we will cover the second half in next week’s show. After that we will get into questions from the next generation’s standpoint.
This week we were joined in studio by Tom Wasinski, owner of Aerial Agents. Aerial Agents is Ohio’s premier aerial photography & videography company. As experts in UAS (unmanned aerial systems) or “drone” piloting, they specialize in capturing professional, high-quality aerial photographs and videos for our clients. Tom is also a graduate of the Goldman Sachs 10,000 Small Business Program and he shared with us some of his key takeaways from that program in our monthly Goldman 10 for 10 segment which included how he was put in a lot of uncomfortable situations where he had to explain himself to strangers!
Part of being a business owner is you feel the need to be “on” all the time. People are constantly pulling at you. It can be exhausting at times! Don’t get me wrong, there’s no better way to go than owning your own business, but what do you do to get yourself re-energized when you’re feeling down in the dumps. Or, if you’re flying high, how do you stay at that peak energy level.