Secret Thoughts of CEOS Ep. 144

Family Business at a Crossroads: Navigating Relationships, Governance &

with Ruschelle Khanna.

In this episode, host Chris Yonker delves into the intricacies of family business management with guest expert Ruschelle Khanna. They discuss the importance of family governance, handling narcissistic family members, and breaking cycles of resentment. Ruschelle shares her journey from therapy to working with ultra-high-net-worth families and offers actionable advice for next-gen leaders in family businesses. Listeners are encouraged to seek support and set clear boundaries to foster healthier family dynamics and long-term business success.

 

·       01:31 Guest Introduction: Rochelle's Journey

·       07:08 Chris Yoker's Background and Personal Story

·       08:09 Understanding Family Dynamics and Trauma

·       15:40 Navigating Family Business Challenges

·       23:49 Dealing with Narcissistic Family Members

·       28:42 Navigating Narcissistic Relationships

·       30:52 Setting Boundaries with Narcissists

·       32:32 The Importance of Family Governance

·       37:14 Educating the Next Generation

·       43:04 Addressing Family Resentments

·       49:53 Taking Action on Family Issues

Quotes

·        ”I started to see this overlap between. Money and health and family patterns and how it's all, we can't separate it at all.” [05:58]

·        ” Do some work yourself, because you're the ripple that is gonna start impacting the rest of the family. And when you shift your whole family shifts.”[19:02]

·       “ Yeah, because it's both, right? There's what a lot of times it's like, look, I believe you. Your family's difficult. I am not discrediting that. But you also are bringing a bunch of stuff that is probably not helpful, and that's usually what I see.’ [52:09]

 Websites:

·       fambizforum.com.

·       www.chrisyonker.com

·       ruschellekhanna.com

·       LinkedIn: @ruschellekhanna