Five Big Challenges Every Family Business Must Face | 774
“You don’t want boardroom conflict becoming kitchen table drama.” – Dave Lorenzo
What You’ll Discover Today:
In today’s episode of The Inside BS Show, Dave Lorenzo breaks down the five biggest challenges facing family businesses. These insights come directly from his work with family business owners, family offices, and top Vistage Chairs across the country.
Key Topics Discussed:
- Succession Planning: Why every function needs a clear line of succession—and how to build one without family friction.
- Family Conflicts and Governance: How to separate emotional family dynamics from boardroom decisions.
- Professionalizing the Business: The role of systems, SOPs, and consultants in making your business easier to run and more valuable.
- Wealth Transition and Estate Planning: Why successful families should consider a family office to manage, protect, and transition wealth.
- Balancing Legacy with Innovation: How to preserve your family’s name while bringing in outside talent and staying competitive.
Links and Resources:
- Subscribe Via Email: GetInsideBS.com
- Listen on Spotify: Inside BS Show on Spotify
- Listen on Apple Podcasts: Inside BS Show on Apple Podcasts
- Call Us: (305) 692-5531
Call to Action:
Want an invite to our next Family Business Zoom Session or our upcoming live conference? Sign up now at GetInsideBS.com to get on the list. That’s where the real breakthroughs happen.