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The 7% Rule: A Path to Building a Lasting Business
Lise Stewart, organizational psychologist and founder of Galliard Family Business Advisor Institute, has spent decades working at the intersection of family and business, helping owners navigate one of the most complex challenges they face: building something that lasts beyond themselves.
In this episode, she joins Scott Eckart to break down the realities of leadership, succession, and what it truly takes to run a successful business. Drawing from her experience advising family-owned and closely held companies, Lise challenges the common belief that every business owner is an entrepreneur—and explains why that distinction matters more than most realize.
Lise zooms into a critical issue many business owners struggle with: making the right decisions for the future while balancing family dynamics, legacy, and emotion. From understanding the rare traits of true entrepreneurs to navigating succession without ego, she shares practical insights on how leaders can step back, develop others, and ensure long-term success.
In this episode, you'll hear about:
- Why only a small percentage of people are true entrepreneurs and what sets them apart
- The difference between succession planning and long-term success planning
- How family dynamics impact business decisions and leadership transitions
- Why strengths can become liabilities when overused
- The importance of aligning leadership roles with the future needs of the business
Things to listen for:
(00:00) Introduction to Lise Stewart and her background
(02:00) Identifying the gap in family business support
(06:00) Building, scaling, and selling a consulting business
(10:00) The key traits of effective entrepreneurs
(15:00) Understanding time orientation and leadership styles
(20:00) Navigating succession in family businesses
(27:00) The role of advisory boards and outside perspective
(30:00) Discovering your true value as a leader
(34:00) The impact of “shadow generation” in family businesses
(38:00) Why succession is really about long-term success
(40:00) Making difficult decisions without guilt
Resources:
Lise Stewart LinkedIn: https://www.linkedin.com/in/lise-stewart-00bb9b2/
Join the Velocity Network: https://www.velocoaches.com/
View all episodes
By Scott EckartLise Stewart, organizational psychologist and founder of Galliard Family Business Advisor Institute, has spent decades working at the intersection of family and business, helping owners navigate one of the most complex challenges they face: building something that lasts beyond themselves.
In this episode, she joins Scott Eckart to break down the realities of leadership, succession, and what it truly takes to run a successful business. Drawing from her experience advising family-owned and closely held companies, Lise challenges the common belief that every business owner is an entrepreneur—and explains why that distinction matters more than most realize.
Lise zooms into a critical issue many business owners struggle with: making the right decisions for the future while balancing family dynamics, legacy, and emotion. From understanding the rare traits of true entrepreneurs to navigating succession without ego, she shares practical insights on how leaders can step back, develop others, and ensure long-term success.
In this episode, you'll hear about:
- Why only a small percentage of people are true entrepreneurs and what sets them apart
- The difference between succession planning and long-term success planning
- How family dynamics impact business decisions and leadership transitions
- Why strengths can become liabilities when overused
- The importance of aligning leadership roles with the future needs of the business
Things to listen for:
(00:00) Introduction to Lise Stewart and her background
(02:00) Identifying the gap in family business support
(06:00) Building, scaling, and selling a consulting business
(10:00) The key traits of effective entrepreneurs
(15:00) Understanding time orientation and leadership styles
(20:00) Navigating succession in family businesses
(27:00) The role of advisory boards and outside perspective
(30:00) Discovering your true value as a leader
(34:00) The impact of “shadow generation” in family businesses
(38:00) Why succession is really about long-term success
(40:00) Making difficult decisions without guilt
Resources:
Lise Stewart LinkedIn: https://www.linkedin.com/in/lise-stewart-00bb9b2/
Join the Velocity Network: https://www.velocoaches.com/