Sure it’s hard to run a business and keep it successful but you know what’s harder? Keeping that up for generations.

In this episode, we dive deep into the complexities of running a fourth-generation family business. Learn how legacy plays a role in day-to-day operations, how to handle succession planning, and how to overcome modern hiring challenges. 

Fourth-generation business expert Tim Ashley shares valuable insights into adapting to a changing market, managing regulatory pressures, and balancing work-life in a family-owned business. This episode provides essential strategies for business owners looking to build sustainable and successful operations, generation after generation.

📒 Show Notes and Resources 📒

https://www.stagcoaching.com/podcast

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Subscribe and Listen to the Podcast HERE:📱 

➡︎YT: https://www.youtube.com/@stagcoaching 

➡︎Apple: https://podcasts.apple.com/us/podcast/business-growth-masterclass/id1741987960 

➡︎Spotify: https://open.spotify.com/show/2jy3wuJyv11zI0C31ww0oR 

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Kellen KetchersidKellen is a co-founder of Stag Business Coaching, business strategist, and a systems thinker. He leverages his extensive experience in biotech and consulting to empower entrepreneurs to navigate complex challenges with strategic growth solutions. 

Albert GillispieAlbert is a serial entrepreneur, business efficiency expert and co-founder of Stag Business Coaching who has founded several multimillion-dollar companies. With expertise in optimizing operations and innovative systems, he mentors business leaders who want to unlock their business’s full potential.

🎤Tim Ashley

Tim Ashley is the owner and president of Clovis Concrete Company, a fourth-generation business that he runs with his wife, Celeste. Tim is also a county commissioner out in New Mexico and proud father of four.

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Website: https://www.stagcoaching.com/ 

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⏰ Timestamps ⏰

00:00 Introduction

03:51 Family Legacy

04:40 Concrete Business Components and Aggregates

07:06 Navigating Multi-Generational Family Business

10:03 Challenges of Hiring and Skilled Labor

13:42 Thinking Outside the Box in Business Strategy

16:08 Portable Concrete Plants and Expansion

23:32 Government Regulations and Business Adaptation

27:47 Balancing Family and Business

36:50 Business Transition and Succession Planning

39:52 Reflections on Legacy and Family Relationships

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