Family Business Succession Planning

Family Biz Show - June 9th, 2020: What's Your Return on Trust?

The Family Biz Show

Season 1: Episode 8

The Return on Trust: The Multiplier Effect

Join us Tuesday, June 9th from noon till 1pm EST to learn what other family businesses are doing to Grow, Communicate, Stay Agile and Continue into the Next Generation.

Register for the webinar here:

https://zoom.us/meeting/register/tJUvc-ysqzgpH91vEOal48H9Fx8qnlC4oEe4

During this live interactive webinar, Tuesday, June 2nd from noon till 1pm EST, we will be focused on the following topics:

  1. The “unfair” advantage family businesses have over non-family owned competitors
  2. What really motivates people?
  3. Why family businesses should utilize trust as a leading KPI.
  4. The foundation you needed to increase your return on trust.

This week’s guest:

Michael Palumbos

Owner, Family Wealth & Legacy, LLC.
 

Michael Palumbos is a second generation family wealth advisor.  He specializes in family business growth strategy, private wealth and estate planning, and business succession and exit planning for families serious about the long-term success of their business.  He is also an author and the host of the podcast, The Family Biz Show.

Michael believes that business is better when it’s family run.  He also knows that many family businesses are not living up to their potential.  They are surviving, rather than thriving because of unhealthy family dynamics or the lack of proper business management practices.  Typically, there is confusion and a lack of a shared vision between the generations and it doesn’t have to be that way. 

His vision is to give these family businesses a chance to succeed at a higher level.  The way he and his team accomplish this is by guiding families through a series of healthy, outside-the-box discussions which work to help the family get in alignment.  Once the family is focused and aligned about how they make decisions together, business strategy and plans for business transition…it helps to reduce stress, friction and clears the way for opportunity and growth.  At the end of the day, it’s all about helping families avoid the shirt-sleeves to shirt-sleeves in three generations syndrome that befalls more than 70% of families. 

Michael learned long ago that he couldn’t work for a boss and that he needed to be in control of his own company. It gave him the freedom to do things his own way; and to build a team around him that shared his vision.  Today he challenges the families he serves with innovative and novel ways of looking at their situation.  He pushes people to be their best, innovate and to think differently and dream big.  He isn’t a fit for everyone but if this sounds appealing to you, you’ll love working with his firm, Family Wealth and Legacy.

A graduate of The University of Rochester with a degree in economics, Michael and his wife, Victoria, live in Pittsford and have seven incredible children and one adorable grandson.

Register for the webinar here:

https://zoom.us/meeting/register/tJUvc-ysqzgpH91vEOal48H9Fx8qnlC4oEe4

You don’t want to miss it!

CRN-3117034-060820

Family Wealth and Legacy is a marketing name for registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies.

*Not affiliated with Lincoln Financial Advisors Corp.