The conversation delves into the profound question of legacy and how individuals are perceived by their loved ones and community. It emphasizes the importance of proactivity in shaping one's life narrative, the role of community and relationships in defining legacy, and the impact of personal values on actions and decisions. The discussion encourages reflection on how one wishes to be remembered and the lessons learned throughout life.Find more at https://navigatingabundance.com/

In this conversation, Chris Tanke and Melissa Mitchell-Blitch discuss the complexities of family businesses and the importance of establishing healthy boundaries. Melissa is the author of In the Company of Family: How to Thrive When Business Is Personal. In this episode of Navigating Abundance, they explore how relationships within family businesses can be both rewarding and challenging, emphasizing the need for clear communication and understanding of responsibilities. The discussion highlights the significance of navigating differences, the impact of guilt, and the necessity of support systems in fostering healthy family dynamics. Melissa shares insights from her book, 'In the Company of Family,' providing practical advice for family business owners to thrive personally and professionally.

Learn more about Navigating Abundance: https://navigatingabundance.com/

Learn more about Melissa's work: https://melissamitchellblitch.com/

Chapters

00:00 Introduction and Overview of the Conversation

02:51 The Impact of Family Business on Relationships

05:38 Understanding Boundaries in Family Business

08:54 The Emotional Charge of Boundaries

11:49 Navigating Differences and Conflict

14:38 The Importance of Healthy Boundaries

17:37 Real-Life Applications of Boundary Principles

20:40 The Dynamics of Responsibility, Hurt, and Guilt

23:34 Conclusion and Key Takeaways

24:45 Navigating Boundaries in Relationships

26:28 Understanding Responsibility: For vs. To

30:45 The Impact of Truth: Hurt vs. Harm

34:25 False Guilt: Recognizing and Overcoming

40:24 The Importance of Support in Family Dynamics

Keywords

family business, boundaries, relationships, conflict resolution, emotional intelligence, personal growth, healthy boundaries, family dynamics, responsibility, guilt

In this conversation, Chris Tanke and Thomasina Williams discuss the importance of legacy wealth and the need to invest in family relationships just as one would in business. They introduce the concept of Sankofa Legacy Advisors, emphasizing the significance of honoring the past while planning for the future. The discussion also covers the distinction between family enterprise and enterprising families, the iceberg analogy to illustrate family dynamics, and the role of coaching in navigating family relationships. Thomasina encourages families to create shared values and vision statements to strengthen their bonds and ensure a meaningful legacy.

To learn more about Navigating Abundance visit: https://navigatingabundance.com/

To learn more about Sankofa Legacy Advisors visit: https://www.developfamilyleaders.com/

Chapters

00:00 Introduction to Legacy Wealth

02:59 The Importance of Family in Wealth Management

05:51 Understanding Sankofa and Its Significance

08:57 Family Enterprise vs. Enterprising Family

11:44 The Iceberg Analogy in Family Dynamics

14:38 Navigating Family Relationships and Governance

17:49 The Role of Human Capital in Wealth

20:55 Embracing Differences Within Families

23:50 The Journey of Family Connection

28:54 The Power of Family Connections

32:04 Navigating Family Dynamics

32:46 Self-Reflection and Change

38:17 The Role of Coaching in Family Relationships

47:49 Hope and Possibility in Family Relationships

Keywords

legacy wealth, family investment, Sankofa, family enterprise, family dynamics, coaching, family values, family relationships, intentionality, wealth management

In this episode of Navigating Abundance, Chris Tanke speaks with Robin Burns from the Family Business Alliance about the importance of community and support for family businesses. They discuss the unique challenges faced by family business leaders and how the FBA provides a platform for peer learning, networking, and educational opportunities. The conversation highlights the value of connecting with others in similar situations, the benefits of peer programs, and the various resources available to family businesses across the country.

Learn more about Navigating Abundance: https://navigatingabundance.com/

Learn more about the Family Business Alliance: https://fbagr.org/

Chapters

00:00 Introduction to Family Business Alliance

02:50 The Value of Community in Family Business

05:52 Peer Programs: Connecting Generations

09:04 Educational Opportunities and Workshops

11:55 Navigating Challenges Together

14:52 Social Events and Networking

17:50 Finding Family Business Support Nationwide

20:46 Conclusion and Call to Action

Keywords

Family Business Alliance, community support, peer programs, family business education, networking, leadership development, family business challenges, educational workshops, social events, family business resources

In this episode of Navigating in Abundance, Chris Tanke speaks with Tom Emigh from the Family Business Consulting Group about the unique challenges and opportunities faced by family businesses. They discuss the importance of emotional support, collaboration among consultants, and the critical role of succession planning. Tom emphasizes the need for proactive communication and transparency in leadership transitions, as well as the significance of stewardship and legacy in family businesses. The conversation highlights the value of intentional conversations and the role of consultants in navigating complex family dynamics.

For more information on Navigating Abundance: ⁠https://navigatingabundance.com/⁠

To learn more about Tom and the Family Business Consulting Group:⁠ https://www.thefbcg.com/⁠

Chapters

00:00 Introduction to Family Business Consulting

02:55 The Importance of Family Businesses

06:04 Collaboration in Consulting

08:52 Navigating Emotional Challenges in Family Businesses

11:55 Understanding Succession Planning

14:51 The Process of Succession Planning

18:06 Key Considerations in Succession Planning

20:54 Conflict Resolution in Family Businesses

23:52 Taking the First Steps in Succession Planning

25:19 The Challenge of Entrepreneurship

27:54 Navigating Difficult Conversations

29:35 Stewardship and Community Impact

31:45 The Importance of Succession Planning

33:50 Engaging Key Players in Transition

36:41 Communication During Succession

39:49 Creating a Culture of Transparency

42:42 Intentional Conversations for Future Planning

45:33 Building Relationships and Trust

Keywords

family business, succession planning, emotional support, collaboration, stewardship, legacy, communication, consulting, family dynamics, business continuity

In this conversation, Chris Tanke and Mike Palm delve into the world of private equity, discussing its significance as an asset class, the structure and offerings of Charter Capital Partners. They explore the definition of private equity, its advantages, and the considerations potential investors should keep in mind. The discussion highlights the growing interest in private equity and the importance of understanding the strategies and teams behind investment funds.

For more information on Navigating Abundance visit www.navigatingabundance.com

For more information on Charter Capital Partners visit www.chartercapitalpartners.com

Chapters

00:00 Introduction to Private Equity and Charter Capital

02:50 Understanding Charter Capital's Structure and Services

06:02 The Role of Charter Growth Capital in Investments

08:55 Exploring Private Equity: Definition and Value

12:08 Investment Strategies and Fund Structures

15:04 Ensuring Security in Private Equity Investments

17:59 Advantages of Private Equity in Investment Portfolios

20:37 Considerations for Investing in Private Equity

23:32 The Growing Popularity of Private Equity

26:51 Final Thoughts on Private Equity Investment

Keywords

private equity, investment strategies, Charter Capital, financial advisory, wealth management, asset class, investment funds, business growth, financial security, investment opportunities

In this episode of Navigating Abundance, Chris Tanke discusses the concept of working smarter rather than harder, emphasizing the importance of taking time to 'sharpen the saw.' He explores how this principle can be applied across various dimensions of life, including business, professional, and familial aspects. Chris encourages listeners to find their own space for reflection and renewal, ultimately leading to greater effectiveness in their endeavors.

Learn more at https://navigatingabundance.com/

In this conversation, Chris Tanke and Dr. Kevin Mays discuss the critical aspects of succession planning and legacy building for business owners. They emphasize the importance of starting succession planning early, creating a sellable business, and documenting processes. The discussion also covers the complexities of family dynamics in business succession, the significance of mission and values, and the need for a culture that supports long-term legacy. Mays advocates for a mindset shift from short-term profit to long-term legacy, highlighting that a healthy business is built on strong values and community engagement.

To learn more about Navigating Abundance, visit here: https://navigatingabundance.com/

To learn more about Mays Leadership, visit here: https://maysleadership.com/Chapters00:00 The Importance of Succession Planning05:56 Creating a Sellable Business11:53 Balancing Business and Personal Life17:42 Preparing the Next Generation23:58 Building a Lasting Culture29:54 Creating a Healthy Business EnvironmentKeywordssuccession planning, business legacy, family business, business processes, leadership, business value, documentation, mission and vision, business culture, long-term success

In this episode of Navigating Abundance, Chris Tanke and Dr. Kevin Mays, owner and founder of Mays Leadership, discuss the complexities of business ownership and the importance of self-leadership. They explore the myth of balance, the entrepreneurial mindset, and the necessity of intentionality in managing wealth. The dialogue emphasizes the significance of self-awareness, the distinction between working on versus in a business, and the critical role of leadership in shaping organizational culture. They also touch on the importance of finding the right people, aligning business strategies with personal values, and the value of coaching in achieving business success. Finally, they highlight the need for effective succession planning to ensure a lasting legacy.

Learn more about Navigating Abundance: https://navigatingabundance.com/

Get your free Vision Mastery Playbook here: https://vision.maysleadership.com/

Chapters

00:00 Navigating Business Complexity and Personal Balance

07:02 Understanding Entrepreneurial Risk and Commitment

12:56 Self-Awareness and Business Growth18:54 The Role of Leadership and Delegation

24:43 The Importance of Authentic Connections

29:56 Creating a Thriving Organizational Culture

35:39 Aligning Business Strategies with Personal Values

41:35 Preparing for Business Succession

43:55 Exploring Financial Strategies

Keywords

business development, self-leadership, entrepreneurial mindset, wealth management, self-awareness, leadership culture, business strategy, personal values, coaching, business succession

In this conversation, Chris Tanke and Dan Poortenga from the National Christian Foundation discusses the concept of donor advised funds, their benefits, and how they can be used strategically for charitable giving. The discussion covers the flexibility of donor advised funds, the comparison with private foundations, tax strategies for giving, and the importance of involving family in charitable decisions. The conversation emphasizes the significance of legacy planning and the joy of giving, encouraging listeners to explore the options available for effective philanthropy.

Learn more about Navigating Abundance: https://www.navigatingabundance.com

Learn more about National Christian Foundation: https://www.ncfgiving.com/michigan/

Chapters

00:00 Introduction to Donor Advised Funds and NCF

09:37 Understanding the Benefits of Donor Advised Funds

16:17 Comparing Donor Advised Funds and Private Foundations

22:37 Creative Uses of Donor Advised Funds in Family Giving

28:05 Legacy Conversations and Generosity Planning

31:55 Exploring Financial Strategies

Keywords

donor advised funds, National Christian Foundation, charitable giving, tax strategies, legacy planning, family involvement, generosity, financial planning, charitable deductions, non-cash gifts