May 20, 2020
In today's encore episode
Rochelle Clark talks about why your kids need to hear about Dad's
business. Do you agree?
KEY TAKEAWAYS:
- It takes as much effort to prepare a business for sale, as it does to pass it on
- The difference between succession and continuity planning
- When is the moment all business owners need to have a business continuity in place?
- What type of insurance do you need, if there’s a business interruption, so your family is protected?
- Managing multiple generations of family owned businesses
- When and why should you talk about business with the family
- “Values are not taught, values are caught”
QUOTE
- “Values are not taught, they’re caught.” - Rochelle Clarke
- “As your business matures, you'll be guided by values. Your values guide your strategy and your strategy guides your actions.” - Rochelle Clarke
- “The most important thing you could do as a business owner and as a father, is to TALK, communicate.” - Rochelle Clarke
PEOPLE MENTIONED
EPISODE RESOURCES
- SuccessionStrength.com
- Follow on Twitter: https://twitter.com/RochelleMClark1?s=09
- Instagram: https://instagram.com/rochmc?igshid=p2vj2clwf6op
- Facebook https://www.facebook.com/rochelle.clarke.184
- XCHANGE: https://xchangeapproach.com/xchange-training-certification/
- Dynasty (TV series)
- The Family Business (TV Series)
ABOUT THE GUEST
Rochelle Clarke, is founder and CEO of Succession Strength, a company that keeps good businesses in business for generations. She contributes to Forbes on the topic of business longevity and continuity.
Part referee; part strategic guide for entrepreneurs and families in business, Rochelle combines her expertise with that of her team in helping business owners stay in operation from generation to generation by identifying and overcoming communication hurdles and preparing them and the families that support them to thrive through generational change.
She is the author of The 5 Critical Succession Conversations: A Comprehensive Guide for The Family Business and has appeared in a number of global publications like The New York Times, Family Office Magazine, Business Leader, The CEO Magazine to name a few.
ABOUT FRONT ROW DADS
Front Row Dads is in the business of building better families.
While most dads would say that family matters most, the challenge is they feel guilty knowing their careers get the best of them, and their family seems to get the rest of them.
The Front Row Dads brotherhood is changing that.
We help Dads become family men with businesses, not businessmen who have families, so they can thrive personally AND professionally.
Subscribe to the Front Row Dad podcast to learn about fatherhood, marriage and how to level up your game at home.
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Host Jon Vroman asks the big question, uncovers true stories and practical strategies to win as a parent (and husband). Digging up the tips, habits, routine and rituals that help men be a better dad/father and also win in marriage, parenting, health, finance while balancing the hundreds a full calendar. It’s easy for a dad to say that family matters most, but feels guilty knowing their careers get the best of them, and their family seems to get the rest of them. Front Row Dads is changing that. We help you raise awesome kids, and improve your marriage. We help Dads become family men with businesses, not businessmen who have families, so they can thrive personally AND professionally. For those looking for dad advice, and tips to thrive in fatherhood, it’s all at FrontRowDads.com/subscribe