Where in your business or relationships is the risk due to a lack of communication?

In this episode, Jeff and Austin discuss: 

• Using business to fulfill a higher purpose.
• Blessings and challenges of taking over a family business. 
• Intentionally building your family business. 
• Asking the questions and facilitating communication between generations.

Key Takeaways: 

• Start with something small and let God grow it. You’ll be amazed at what occurs when you look back. 
• If you want to bring a child into the business with you, start to loop them in even before they’re fully integrated into the company, allowing them to learn and grow. 
• Family businesses will change from generation to generation as the world changes and evolves. What matters are the values and overall mission. 
• Don’t let the business separate the relationships between generations. 

"Best practice, the transition is way more of a journey than an action. To make it smooth, there are so many facets to it that you have to think about ahead of time." —  Austin Ochs

Episode References: 

• HBR Family Business Handbook: amazon.com/Harvard-Business-Review-Family-Handbook/dp/1633699048

About Austin Ochs: Austin Ochs is a devoted follower of Jesus, a husband, and a proud father of three boys. A graduate of Wheaton College and former collegiate basketball player, he brings a strong foundation in teamwork, discipline, and leadership to both his business ventures and coaching. As CEO of Capital III, Seat King, and Electrex, Austin leads with a passion for building world-class companies that deliver economic, social, and spiritual impact. He believes faith, family, and business are inseparably linked—and is committed to leading with purpose, integrity, and service.
 

Connect with Austin Ochs:

Website: https://www.capitaliii.com/ & https://www.seatkingllc.com/ &  https://www.electrexinc.com/

Connect with Jeff Thomas: 

Website: https://www.arkosglobal.com/

Podcast: https://www.generousbusinessowner.com/

Book: https://www.arkosglobal.com/trading-up

Email: [email protected]

Twitter: https://twitter.com/ArkosGlobalAdv 

Facebook: https://www.facebook.com/arkosglobal/

LinkedIn: https://www.linkedin.com/company/arkosglobaladvisors

Instagram: https://www.instagram.com/arkosglobaladvisors/

YouTube: https://www.youtube.com/channel/UCLUYpPwkHH7JrP6PrbHeBxw