#125: Family Businesses With David Spader And Leigh Quinn, Part 2

In today's episode of Culture Camp, Jason is joined again by David Spader and Leigh Quinn of Potentia, and they continue their discussion on family businesses. highlighting their challenges and strategies. David emphasizes starting transition planning 10+ years before handing over ownership for an 85% success rate. He advises distinguishing between family and business roles and suggests annual discussions about selling the business to ensure family members understand its conditional nature. Leigh highlights the importance of aligning family values with company values and using tools like Potentia's Managing By Values program to make decision-making transparent and performance-focused. They also touch on the significance of culture fit, motivation fit, and capability in hiring and promoting within family businesses.Tweetable Quotes:"There could be a day when the best thing for the family is to sell the family business." - David Spader"Get comfortable talking about the uncomfortable." - Leigh QuinnConnect with David Spader and Lee Quinn:On LinkedIn: https://www.linkedin.com/in/potentia-david-spader-5627655/https://www.linkedin.com/in/leigh-quinn-jr-a017oa69/ Visit Potentia-assesments.com: https://potentia-assessments.com/If you found value in this episode, please leave a rating and review, also, don’t forget to share it with a friend! Remember to follow us on Instagram for more!