Leading Family-Owned Businesses with Jonathan Goldhill

In episode 32, Coffey talks with Jonathan Goldhill about the challenges and strategies of managing family-owned businesses. They discuss the entrepreneurial journey; transitioning ownership of businesses to the next generation; leadership challenges family-owned businesses often face; the importance of systems and processes and the Entrepreneurial Operating System (EOS); the role of disruptive successors; concerns about nepotism; and what leaders joining a family-owned business need to understand about their role.Good Morning, HR is brought to you by Imperative—premium background checks with fast and friendly service. For more information about our commitment to quality and excellent customer service, visit us at https://imperativeinfo.com. If you are an HRCI or SHRM-certified professional, this episode of Good Morning, HR has been pre-approved for half a recertification credit. To obtain the recertification information for this episode, visit https://goodmorninghr.com. About our Guest:Jonathan Goldhill is a masterful business coach and personal strategist specializing in guiding next‐generation leaders of family businesses to scale up their business as they take control over the leadership and ownership of the family business. Jonathan left New York for California at age 20 after his family’s large, privately‐held men’s apparel manufacturing company—started by his great‐grandfather—sold to a conglomerate in its third generation of family ownership. Within ten years, Jonathan had established himself as the go‐to expert for entrepreneurs looking to find their version of freedom. Today, Jonathan brings thirty years of experience to his clients advising, coaching, consulting, training, and guiding entrepreneurial and family businesses.Jonathan can be reached at https://DisruptiveSuccessor.com or https://TheGoldhillGroup.com. You can find him on social media at:https://www.linkedin.com/in/thegoldhillgroup https://twitter.com/Coach2CEOS https://www.facebook.com/TheGoldhillGroup About Mike Coffey:Mike Coffey is an entrepreneur, human resources professional, licensed private investigator, and HR consultant.In 1999, he founded Imperative, a background investigations firm helping risk-averse companies make well-informed decisions about the people they involve in their business.Today, Imperative serves hundreds of businesses across the US and, through its PFC Caregiver & Household Screening brand, many more private estates, family offices, and personal service agencies.Mike has been recognized as an Entrepreneur of Excellence and has twice been named HR Professional of the Year. Additionally, Imperative is included in the prestigious Best Places to Work in Texas list and has been named the Texas Association of Business’ small business of the year.Mike is a member of the Fort Worth chapter of the Entrepreneurs’ Organization and volunteers with the SHRM Texas State Council.Mike maintains his certification as a Senior Professional in Human Resources (SPHR) through the HR Certification Institute. He is also a SHRM Senior Certified Professional (SHRM-SCP).Mike lives in Fort Worth with his very patient wife. He practices yoga and maintains a keto diet, about both of which he will gladly tell you way more than you want to know.Learning Objectives:Understand the differences between family-owned and other kinds of business. Understand the unique succession planning challenges in family-owned businesses.Understand the importance of systems and processes in entrepreneurial businesses.