Running the Family Business Marathon: Crossing the Finish Line of Generational Transitions

In this episode, Russ Haworth, Family Business Advisor at The Family Business Partnership, shares his extensive expertise in guiding families of wealth through complex decisions and multi-generational challenges. Russ delves into the critical aspects of effective governance frameworks and personal accountability, introducing his innovative approach to reimagining the role of the family advisor. He emphasizes the importance of balancing individual responsibility with collective support, particularly when fostering the grit and resilience needed for successful wealth preservation and legacy planning across generations.Throughout the conversation, Russ explores key topics such as the power of storytelling in family businesses, the intersection of personal endurance and shared family journeys, and the role of open dialogue in inspiring future generations. He discusses the unique challenges and opportunities inherent in cultivating a culture of growth and adaptability within family enterprises, highlighting the immense value of combining personal grit with collective accountability in safeguarding legacies for the future.About Russ HaworthRuss is a UK based family business adviser and has been working with families for nearly 20 years, initially through financial planning and wealth management, and more recently as a specialist family business consultant. He has been awarded the Advanced Certificate in Family Business advising from the FFI. He is the Co-Director of The Quest for Legitimacy, a global research and program focusing on helping the Rising Generation reduce their isolation, achieve agency, and discover the true contribution they can make in the world. He is the host of the widely acclaimed The Family Business Podcast and is a member of the advisory board and faculty for The Ultra High Net Worth Institute, a US based non-profit think tank.Contact Cory Gagnon | Beacon Family Office at Assante Financial Management Ltd. Website: BeaconFamilyOffice.comLinkedIn: Cory GagnonLinkedIn: Beacon Family OfficeEmail: [email protected] Russ Haworth | The Family Business Partnership : Website: https://www.questforlegitimacy.com/ - https://fambizpodcast.com - https://familybusinesspartnership.comLinkedIn: https://www.linkedin.com/in/russellhaworth/Email: [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.