Join Francesco Lombardo for this week's Safe Space as he speaks with Stefanie Kyles, a fourth-generation family business member, and former CEO. Stefanie discusses financial insecurity that is common in family businesses and how family businesses need accountability and transparency to succeed. She shares her experience negotiating with family members to understand their personal sensitivities around risk, financial security, and lifestyle, and emphasizes the importance of separating emotions from conversations around money. The one piece of advice Stefanie offers for both the senior and next generations is simple... talk about it.

 

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