Beyond The Family Business

Aakash Shah is the former CEO and owner of Vivify Specialty Ingredients. He shares how his father convinced him to join the struggling family business and turn it around. Aakash shares how we found balance with his brother and father. As well, how he brought in private equity to buy his family out. Lastly, he shares his plans for his newly minted family office.

Tammy Buss, a seasoned family business advisor and owner with over 30 years of experience, shares invaluable insights into navigating the complexities of family business dynamics. She discusses the importance of communication and transparency during succession planning. Tammy highlights the emotional challenges of selling a family business and maintaining family unity. She also explores the balance of grandparenting with business involvement, sharing personal stories on building a financial legacy and the joys of nurturing grandchild relationships.

Daniel Foch is the co-host of the Canadian Real Estate Investor podcast and Chief Real Estate Officer for Valery Real Estate. Daniel shares his view of where there are opportunities and risks in the Canadian real estate market. He discusses how he believes the government can incentivize home building. Lastly, he shares his experience working in his family business and the lessons he learned from his parents.

Ron Diamond is the founder of Diamond Wealth, a syndicate of 100 family offices. He shares his perspective of why many family offices should not exist, common risks they fall into, and how the transition of wealth from Baby Boomers is disrupting the capital markets. Ron delves into his entrepreneurial journey and how he built trust with family offices over time. As well, he discusses Tiger 21 and Chicago Booth’s new family office initiative. https://lnk.to/fambiz

Glen Creaser is a serial entrepreneur who sold his first tech company 2 years out of university. His new venture, Larry’s Catch, mixes his experience in tech with his family’s legacy in seafood to create a disruptive direct-to-consumer model. Glen shares his strategy and how his family’s history in the fishing industry influenced his approach.https://lnk.to/fambiz

Ferrero created some of the world's most beloved brands, including Nutella, Kinder Eggs, and Tic Tacs. In this episode, we explore how 2nd gen leader Michele Ferrero’s visionary leadership transformed Ferrero into a global powerhouse. Professor and author Luca Cottini joins us to discuss the unique culture and entrepreneurial genius that defined Ferrero’s success.https://lnk.to/fambiz

Mary Asante-Asamoah is the 2nd generation leader of Barbex Africa. They are a Ghana owned mining services and agriculture business. Mary shares the entrepreneurial story of her father who started as a mining employee and branched out on his own. She discusses the mindset required to be successful in Ghana. As well, she delves into her own journey from Canada to Washington, DC and eventually back home.https://lnk.to/fambiz

 Brian Adams is a Family Office executive recruiter and podcast host. He explains what is a family office and how each one is slightly different. Brian explains the key positions and what makes an ideal candidate for a leadership role in a family office. Lastly, he shares some common mistakes and new trends that he sees with family office structures.https://lnk.to/fambiz

 Luke Leon is the 4th generation of the Leon’s Furniture family. He shares their 115-year history and how each generation contributes to the next. Luke delves into the transformative acquisition of The Brick which was 2x the size of Leon’s at the time. He also shares his own story about the family business and the importance of a meritocracy.https://lnk.to/fambiz

The discussion dives into why next-generation family members often struggle to connect with their family's business. It emphasizes the need for them to carve their own paths and contribute to strategy meaningfully. Intergenerational collaboration is highlighted as a catalyst for innovation, while clear communication is deemed essential for successful succession planning. Finally, the importance of evolving perspectives ensures both younger and older members thrive together, creating a supportive environment that fuels passion and loyalty.