The Family Biz Show

What you'll learn: How fear and ego stop family businesses from evolving Opportunity can actually keep you from building value in your company How to evolve a brand and culture without abandoning the past The transforming power of internal alignment Clarity and consistency can lead to exponential growth If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-3405758-011421

I have asked Courtney Pullen to join us and work with me and my parents, Marty and Maureen Palumbos – they hesitantly agreed. My parents and I have massaged and updated their estate plan for several years. At a high level the plan is for a portion of their estate to be divided among their four kids, a portion to fund a family foundation and then there is a life insurance trust designed to cover the expenses for Palumbos Family Vacation (PFV) for many years after my parents pass. They have personally funded PFV for over 20 years as a way for the family to be all together for at least one week a year. If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-3346680-112520

What you will learn: Why discussing the business or the wealth can be tougher than having the "Birds and Bees" talk and what happens if you don't. The good, the bad, and the ugly of family conflict How equal and equitable can be a challenge within families and the secrets to navigating them. Who would benefit from a facilitated family meeting and why? If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-5338590-120722

What you'll learn: How Isaac Heating and Air Conditioning has successfully transitioned into the third generation. How the Daniele Family manages businesses in two very different states. What their vision for success is when it comes to family and their employees. What advice a third generation company would give to a second generation (G2) company with hopes of successfully transferring the family business to generation three (G3) If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-3346673-112520

During this podcast you will learn: Why it's important to understand the family's past and the values that shaped the family business. What other family businesses are doing with their history and why you should too How to best collaborate with advisors when combining family history, family dynamics, family governance, and business succession planning CRN-5338381-120722

Is Your Buy Sell Agreement Any Good? During this episode we will be focused on the following topics: Horror stories of buy sell agreements that failed the family and the business. Why using valuation formulas is a fool's errand. 4 of the most significant issues with buy sell agreements, which ones are in yours? The critical steps you must follow before signing a buy sell agreement. Why fundamental fairness is so important in a buy sell agreement? If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-5270439-112922

How Family Philanthropy Can Strengthen your Family and Your Family Business What you'll learn: What is effective philanthropy and why does it matter to your family and its business? How giving can benefit the family business as well as the causes you support? Why "top down" philanthropy and "top down" succession planning are limited and not sustainable? What are the top five skills the rising generations can learn from family philanthropy? How can issues, such as lack of communication, differing values and lack of trust, that develop in the rising generations be lessened or potentially mitigated using family philanthropy as the focus for learning? If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-5269980-112822

Five Ways to Ensure Your Family Business Survives & Thrives Through Another COVID 19 Wave What you'll learn during this episode: What objective science and multi-sourced data are showing us right now - and what it means and why it matters to your family enterprise in the next 12-24 months. How your own objective mindset about the virus - and depoliticizing your reference points around the virus - could hold the key to your business survival, and your ability to craft an effective plan through a second virus wave. Why - and how - multi-generational family businesses may be best suited to endure this pandemic. How to assess and adjust your Family Business Model - to fortify and diversify it against the impact and outcomes of a virus second wave in 2020-2022. How to outwit, outlast and outplay your competition when it comes to surviving another combo Covid-19/Flu wave in 2020-2022. If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-3336807-111820

Strong Families Survive Tough Times What you'll learn: Strong families major in the majors. What are the majors? Why family meetings are a necessity and how to conduct a meaningful meeting. How to create a family entrepreneurial mindset and why most entrepreneurs fail at doing it. If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-5188611-111622

What you'll learn during this episode: The "unfair" advantage family businesses have over non-family owned competitors What really motivates people? Why family businesses should utilize trust as a leading KPI. The foundation you needed to increase your return on trust. If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form! CRN-5188374111622