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THEME: What Daughters Can Offer to Family Businesses

SUMMARY: Amy Schuman discusses the paradoxes that family businesses manage, how dealing with them can lead to business success, and the role that daughters can play in the process.

FEATURED GUEST: Amy Schuman, Family Business Advisor and Author

ORGANIZATION: The Family Business Consulting Group

WEBSITE: www.thefbcg.com

CONTACT: [email protected].

KEY QUOTES:   * "Paradox is a hot topic now…family businesses ARE a paradox: head and heart, love and performance…two seeming opposites that can be complementary….you can gain so much in the process of wrestling with them."   * "There are certainly still many family businesses where the participation of women in the operations is not yet happening, or is happening for the first time.  I’m super conscious that these women are pioneers."    * "What shifts when women join the conversation? What could daughters bring that’s special and different?  The power of calm-of support, of time." 

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CALL Amy and ask a QUESTION: 513-339-1007

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THEME: What it Takes to Take Over

SUMMARY: Sharon Birkman Fink talks about how she became a CEO, her passion for her business, and how she is preparing her daughter for a leadership role.

FEATURED GUEST: Sharon Birkman Fink, President and CEO of Birkman International

ORGANIZATION: Birkman International

WEBSITE: www.birkman.com

CONTACT: [email protected]

KEY QUOTES:   * “Sometimes I say I’m the accidental CEO….it was never my ambition to be a business tycoon.  My learning curve went on warp speed.”   * “I think succession is a day-by-day, month-by-month process.  It’s not in concrete.  As my daughter (Amy) gets more involved in leadership roles, she will be relocating to Houston. You can’t be too remote..you need to be more 'in the kitchen with the chefs’…  you can’t phone or Skype that in.”   * “I want to balance a maternal instinct with good business practice.  I think it can be a good thing to be a caring leader."

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THEME: Managing a Family Fund

SUMMARY: Mairi Mickel describes her work in her family's business, and how her role as Chair of her family’s fund led to her work as a family business advisor.

FEATURED GUEST: Mairi Mickel, Chair of The Mickel Fund, and Family Business Advisor

ORGANIZATION: The Mickel Fund

WEBSITE: www.mickelfund.org.uk

CONTACT: [email protected]

KEY QUOTES: 

* "It’s such a complicated space between family business and business issues…we didn’t have an advisor to take us through that journey."  

* "The power balance has shifted…leaders have to engage their followers, rather than reverting to a command or control or military hierarchy.  I found I started to challenge that (hierarchy).  I think that daughters probably find that after they have a child and come back to work...you are less naturally obedient. 

* “If you ask challenging questions, you can be a catalyst for change…you can have success, and so can the business."

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CALL Amy and ask a QUESTION: 513-339-1007

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******************************** THEME: Managing Personal and Business Challenges

SUMMARY: Karen Buchwald Wright describes the structure she put in place when she took over her family’s business and how she is preparing her sons to lead as well.   

FEATURED GUEST: Karen Buchwald Wright, President and CEO

ORGANIZATION: Ariel Corporation 

KEY QUOTES: 

* "When you are the second generation, your challenge is have a structure and leadership.  That was the real thing I had to figure out.  None of that structure existed.  There were some hurt feelings." * “When you take over a business..people aren’t going to trust you right away-and vice versa.  There’s a lot of turf-guarding that goes on.” * "One of things I wanted to do with the boys, was to have them have the experience working outside the business…to have a couple of bad bosses, to know what it’s like to be an employee and not an owner, and to not feel as if they’re just the kid.” 

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THEME: From Daughter to CEO and Philanthropist

SUMMARY: Karen Buchwald Wright describes the choices she made and the way her values have guided her decisions at home, at work, and in her community.  

FEATURED GUEST: Karen Buchwald Wright, President and CEO

ORGANIZATION: Ariel Corporation

KEY QUOTES:

* "The very first thing I did was to insist that we get a computer for our accounting department.  The operations person fought me tooth and nail."

  * "If you want to stay home with your children...there is nothing wrong with that. When you get back in the workforce, you’ll have more skills than virtually anyone else. You’re a manager, you’re a psychologist, you’re a disciplinarian, you’re a leader, you’re a time manager.  It’s a real job that requires you to learn on the job and learn a lot and learn it fast.”   * “I think it’s really important that when you are fortunate and you are successful, it’s important to give back."

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THEME: The Power of a Family Strategy

SUMMARY: A daughter in a successful family business discusses her family’s approach to governance and how she develops, coaches and mentors family members as they become involved in the family business long-term.  

FEATURED GUEST: Meghan Juday, Principal at Family Business Strategy Group, IDEAL Family Council Chair, Director at IDEAL Industries

ORGANIZATION: Family Business Strategy Group

WEBSITE: www.familybusinessstrategygroup.com

CONTACT: 

http://www.linkedin.com/in/meghanjuday

http://familybusinessstrategygroup.com/blog/

KEY QUOTES:   * "I had a three week old, and my father called me up and said 'Hey, now that you’re not doing anything, how would you like to work on a transition project I have going at the company…’"   * "How do you pay tribute to the founder and the legacy you that you have?…You really have to take what’s good and move forward and be successful, and take a rational approach to what you take in your generation and pass on to the next."   * "It’s never wise to shut down family members or marginalize them…when you lose a branch of your family, you're losing all these wonderful ideas that could be quite original."

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THEME: Managing Addiction in a Family Business

SUMMARY: Melissa Mitchell-Blitch discusses how family members working in a family business can help family members get the help they need.  

FEATURED GUEST: Melissa Mitchell-Blitch, Family Business Consultant, CPA, and Founder of Eredita Consulting

ORGANIZATION: Eredita Consulting

WEBSITE: EreditaConsulting.com 

BOOK/PRODUCT: Melody Beattie - Codependent No More

CONTACT: [email protected]; 843-371-606

KEY QUOTES:   "When a family member needs help, the needs of the family and the family business do not stop."   "The closer we are to the person we are with the addiction, the easier it is to get emotionally hooked."   "To borrow a line from the airports, 'If you see something, say something.'  You have done your part when you say something."  

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THEME: Take time to figure out if the family business is right for you.

SUMMARY: A writer and visual artist describes how she and parents found a way for her to contribute her artistic talents to their family’s real estate business.  

FEATURED GUEST: Kelsea Mulhern, Social Media Coordinator and Marketing Specialist

ORGANIZATION: Mulhern's Real Estate

WEBSITE: www.restainohomes.com

CONTACT: [email protected]

KEY QUOTES:   "Real estate has always been part of our family life…I never expected to be in it..it was kind of a 'duh, aha' moment."   "I got licensed as a real estate agent…and now I see every transaction from its start to its end.  The thing that struck me most was to see how my parents problem solve and communicate with each other.   "I’m really enjoying working with family and learning everything that they have to teach me, and bringing my own talents as well.”

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THEME: You can build your own capacity as a leader by taking time every day to reflect on your behavior and how you handled a variety of situations and relationships.

SUMMARY: Dr. Heather Christman describes her research on adult development, and her conclusion that learning to take criticism without denying it or taking it too personally can help women develop both as adults and as leaders. 

FEATURED GUEST: Dr. Heather Christman, Senior Associate Director for Career Development and Employer Relations

ORGANIZATION: Miami University

WEBSITE: www.miamioh.edu

CONTACT: [email protected]

KEY QUOTES:   * “How do you engage in controversial conversations and dialogue in a civil way?  That’s one of the more difficult leadership capacities to develop."   * “From an early age you’re pre-programmed to take what your parents say as something that matters. It’s feedback you’ve taken in and you’ve cared a lot about.”   "* Is the cost to you greater to not assert yourself, or is it greater to be who you are and to establish a new normal?”

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THEME: How to start a Family Council:  what it takes, how it helps.

SUMMARY: Meg Roudebush, COO of her family's land-lease community, talks about what led her to create a Family Council, and how she and her family have structured it so that they set effective boundaries between work and business. 

FEATURED GUEST: Meg Roudebush, Chief Operating Officer

ORGANIZATION: Rolling Acres, a land-lease community

WEBSITE: www.rollingacresestates.com 

CONTACT: [email protected]; phone: 513-367-9824

KEY QUOTES:

* "I love to be able to have direct effect on things. I can make a decision and see a result in a short period of time.  I can make my customers extremely happy."   * "The Family Council has given us an opportunity to lay the groundrules of what is acceptable behavior-when it is okay to talk about the business and when it is not.” * “I grew up in a business family. We were always talking business. My parents worked for themselves, and I think a lot of my business ideas came from them. And I’m a perpetual learner.”