In this podcast, Mason talks about how to split up without falling apart or turning everything into one big bureaucracy.
At some point, you can't bring everything to the meeting table. Your family will be dealing with multiple businesses, households, and events. Walking the tightrope between becoming disconnected and getting overwhelmed is almost impossible.
For family boards, there are some rule-of-thumb that work really well to find out whether you need to split off, and how much to do so. If you can stay focused on your top-line objectives, you won't get overwhelmed by minutia. At the same time, when you do decide to create a new committee, move into a new home, or start a new business, you can't cut people out of the loop.
FOLLOW Family Prosperity Partners everywhere:
Facebook:
Business Page: https://www.facebook.com/Familyprosperity
Public Group for Families: https://www.facebook.com/groups/familybizgroup
Private Group for Clients: https://www.facebook.com/groups/familyprosperity
LinkedIn:
https://www.linkedin.com/company/19139744
Subscribe to the Podcast:
Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0
Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg
RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
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In this podcast, Mason talks about how to split up without falling apart or turning everything into one big bureaucracy.
At some point, you can't bring everything to the meeting table. Your family will be dealing with multiple businesses, households, and events. Walking the tightrope between becoming disconnected and getting overwhelmed is almost impossible.
For family boards, there are some rule-of-thumb that work really well to find out whether you need to split off, and how much to do so. If you can stay focused on your top-line objectives, you won't get overwhelmed by minutia. At the same time, when you do decide to create a new committee, move into a new home, or start a new business, you can't cut people out of the loop.
FOLLOW Family Prosperity Partners everywhere:
Facebook:
Business Page: https://www.facebook.com/Familyprosperity
Public Group for Families: https://www.facebook.com/groups/familybizgroup
Private Group for Clients: https://www.facebook.com/groups/familyprosperity
LinkedIn:
https://www.linkedin.com/company/19139744
Subscribe to the Podcast:
Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0
Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg
RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
Why business owners fail to retire, and how to fix it.
Family Prosperity Podcast
16 minutes 55 seconds
5 years ago
Why business owners fail to retire, and how to fix it.
In this podcast, Mason goes over how retirement isn’t the end of your contributions to a family enterprise. It is the most important part. This is so difficult, because if you don’t lay the groundwork early, there is no way for you to participate in big decisions from the moment you relinquish the CEO position. If you try to do this at the last second, or wait until you can’t handle running a business anymore, you just have to hope things go well, and you lose your primary focus in life.
If you can set up a Family Board ahead of time, there are infinite ways you can use your wisdom, strategic thinking, and experience to bring incredible value to the family. You can set things up so your life doesn’t end when you retire.
Family Diagnostic
https://shop.familyprosperitypartners.com/pages/family-diagnostic-pdf
FOLLOW Family Prosperity Partners everywhere:
Facebook:
Business Page: https://www.facebook.com/Familyprosperity
Public Group for Families: https://www.facebook.com/groups/familybizgroup
Private Group for Clients: https://www.facebook.com/groups/familyprosperity
LinkedIn:
https://www.linkedin.com/company/19139744
Subscribe to the Podcast:
Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0
Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg
RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
Family Prosperity Podcast
In this podcast, Mason talks about how to split up without falling apart or turning everything into one big bureaucracy.
At some point, you can't bring everything to the meeting table. Your family will be dealing with multiple businesses, households, and events. Walking the tightrope between becoming disconnected and getting overwhelmed is almost impossible.
For family boards, there are some rule-of-thumb that work really well to find out whether you need to split off, and how much to do so. If you can stay focused on your top-line objectives, you won't get overwhelmed by minutia. At the same time, when you do decide to create a new committee, move into a new home, or start a new business, you can't cut people out of the loop.
FOLLOW Family Prosperity Partners everywhere:
Facebook:
Business Page: https://www.facebook.com/Familyprosperity
Public Group for Families: https://www.facebook.com/groups/familybizgroup
Private Group for Clients: https://www.facebook.com/groups/familyprosperity
LinkedIn:
https://www.linkedin.com/company/19139744
Subscribe to the Podcast:
Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0
Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg
RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
