Ep. 164 Dr. Dennis Jaffe - How to Build a Family Business

Dr. Dennis Jaffe is an advisor to families about family business, governance, wealth and philanthropy, and is the author of Borrowed From Your Grandchildren: The Evolution of 100-Year Family Enterprises.   In this episode, learn about:   8:20 - 9:03: How the 2nd generation can often coast off of previous success  10:47 - 12:04: The importance of cross-generational engagement 13:55 - 15:08: Businesses need to have "Continual value creation" 16:03 -17:25 : The importance of investing in the next generation  34:40 - 35:37: How to pick leadership 36:18 - 38:05: How to resolve conflict in family businesses  41:13 - 42:06: How we are embedded in a social system