In this episode, Melinda Emerson welcomes Karla Trotman to discuss her journey with Electrosoft and the transition into the family business. Karla shares insights on leadership changes, building an advisory board, and overcoming skepticism. The conversation delves into family dynamics, succession planning, and financial strategies essential for sustaining a family business. Karla also discusses her book "Dark, Dirty, and Dangerous" and its impact on fostering representation and mentorship in manufacturing. The episode provides valuable steps for building generational wealth through business, combining succession planning with wealth goals.

(0:00) Introduction and mission of the podcast

(0:58) Welcome Carla Trotman and background of Electrosoft

(4:38) Transition to family business and leadership changes

(7:22) Building an advisory board and addressing skepticism

(11:52) Family dynamics, succession planning, and financial strategies

(17:32) Carla's book "Dark, Dirty, and Dangerous" and its impact

(19:28) Fostering representation and mentorship in manufacturing

(21:22) Steps for building generational wealth through business

(24:13) Combining succession planning with generational wealth goals

(26:15) Legacy and best business advice

(28:13) Sponsor: Small Biz Lady Academy

(29:06) Closing remarks and next episode preview