The Center for Family Legacy’s David Herritt, who was previously on the podcast to talk about navigating business transitions, rejoins host Oscarlyn Elder to share tips on bringing your family members into the family business. In this second part of our series on running a family business, they discuss (time stamps are approximate):

• Introducing young family members to the business (03:14)

• Effective communication within families (07:17)

• Why you need a family employment policy (11:27)

• Defining the “business of family” (16:35)

• Roles for family members outside of the business (20:58)

• What David’s been meaning to do (26:17)

• Closing thoughts from Oscarlyn (28:50)

Learn more about how the Center for Family Legacy can help you sustain wealth for future generations.

The podcast team has created a template for taking notes on each episode. You can find it at:

www.truist.com/resources/wealth/financial-planning/developing-family-enterprise

Check out the previous episode in this series on running a family business:

• Define success for your family business

And stay tuned for the conclusion next month on empowering the next generation of leaders.

Have a question for Oscarlyn or her guests? Email [email protected].