Financially Simple

Ask Justin featuring Scott Snider: What is it Like to Work in a Family Business as the Second Generation?

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Sinopsis

In episode 232 of Financially Simple, Justin talks to Scott Snider of the Exit Planning Institute about working in a second generation family business. Coming into a family-owned business, whether second generation or older can be a trying experience - maintaining family ties through good communication, receiving offers, and expanding the business can test family bonds. Justin and Scott discuss what it's like to come into a family business, and how to best manage the stresses that might occur. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:04 - Ask Justin featuring Scott Snider: What is it Like to Work in a Family Business as the Second Generation? 03:31 - Selling Your First Business 05:45 - Receiving an Unsolicited Offer 07:24 - Lessons Learned 13:33 - The Value Acceleration Method 14:46 - Communication 20:00 - Once Piece of Advice 21:30 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Fi