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Show Notes
“You don’t need a coach who knows everything. You need one who knows what questions to ask.” - Dave Lorenzo
What You’ll Discover Today:
If you’re a CEO running a family business, this episode is for you. Today, Dave Lorenzo breaks down why family business coaching is completely different from one-on-one coaching and why working with the right firm can be a game-changer.
Key Topics Discussed:
- The Personal Dynamic Inside a Family Business
- How family roles (dad, mom, sibling) create a unique leadership challenge
- Why emotional crossover between home and business must be managed
- The importance of trained professionals like psychologists and mediators on your coaching team
- Professionalizing the Family Business
- How to shift from survival mode to wealth-building mode
- The critical difference between reinvesting everything in the business and taking distributions
- Why family businesses must learn to treat themselves like shareholder-owned corporations
- Exit Planning with Options
- Why preparing for a potential sale—even if you never plan to sell—boosts value
- Options for internal succession, ESOPs, and outside buyers
- Using valuation and exit planning to drive clarity, competitiveness, and control
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:
If you're running a family business and you want to grow it, professionalize it, or prepare it for a successful transition, give us a call. You don’t have to go it alone.