E38: Make Your Family Business “Business First” with Rob Ferguson

How do family-owned enterprises overcome resistance to change and other dysfunctions, setting a course for success from generation to generation?

Join Adam Hill as he talks with seasoned CEO and family business advocate, Rob Ferguson, about the dynamics of family-controlled entities. They discuss the importance of leadership, implementing proper governance, facing change, and how to prioritize for success. They also cover building value, maintaining identity beyond the business, recognizing dysfunctions, and much more.

Discover how prioritizing business amidst the unique dynamics of family relations can lead to functional success. Tune in to gain insights that could transform your family business journey.

0:00 Intro

5:07 Tale Of Two Family Businesses: Functional vs. Dysfunctional

10:35 Addressing Family Business Governance Early

15:34 Balancing Growth, Control, And Liquidity

20:24 Importance Of Family Businesses To The Economy

24:38 Memorializing Priorities In Family Constitution

29:59 Leading Through Change In Family Businesses

33:44 Key Steps For Effective Succession Planning

38:50 Building Value Through Leadership Transition

41:20 Finding Purpose Beyond The Family Business

45:08 How To Contact Rob Ferguson For Advice

Resources Mentioned:

🌐 Ferguson Alliance: https://ferguson-alliance.com

📧 Contact Adam to request a free 90-minute EOS workshop: [e-mail]

Follow Adam:

IG: @theadamchill

YouTube: @adamchill

LinkedIn: https://www.linkedin.com/in/adamchill