Dec 19, 2022
When you own a family business, it’s important to keep family discord and internal conflict out of the business. Those who can manage the family dynamics within their companies will often see them become generational businesses. But that’s not always the easiest thing to do.
In this episode, I’m joined by a father & son team who has made
the family business work. My dear friends Chris (CEO) and Scott
Snider (President) of the Exit Planning Institute have found the
key to dealing with internal conflict as a family-owned business.
Together, we will discuss some of the difficulties of operating
generational businesses and the solutions they’ve found to combat
This week on The Financially Simple Podcast:
Our Favorite Quotes:
“You’ve got to run the business from the numbers. You’ve got to treat it like a business. It’s not a family piggy bank.” – Chris Snider
“Life’s like an onion. Every layer that you peel back can either be sweet or it can make you cry.” – Justin Goodbread
“Find that private place where you’re always in a good place, and you can do some soul searching about what you really want.” – Chris Snider
“Stop following the same path. Get off of it. Do something different and once you get there, continue to stay hungry.” – Scot Snider
Connect with Chris & Scott Snider:
About The Financially Simple Podcast
If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you’ve come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin’s combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey.
If you have questions, or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/
Connect with Justin:
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Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).
This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WBA, WSP or their affiliates or representatives. Statements made in this podcast are subject to change without notice. Neither WBA, WSP or their representatives, the podcast’s hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Statements made in the podcast are not to be construed as legal or accounting advice or as personalized advice of any nature. Listeners should conduct their own review of any statements made or strategies discussed and exercise judgment or consult with their own professional advisor to see how the information contained in this podcast may apply to their own circumstances.