ECP 325: Balancing Family Dynamics in Business: Insights from Sara B. Stern
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ECP 325: Balancing Family Dynamics in Business: Insights from Sara B. Stern
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Curious about the secrets behind successful family businesses? In this episode of "Entrepreneurs Circle," Erik Cabral sits down with Sara B. Stern, a certified EOS implementer and expert in family-owned enterprises, to discuss strategies for navigating the complexities of family, business, and ownership roles.
Tune in to discover how separating family, business, and ownership roles can lead to harmony and growth. Learn about the transformative power of the Entrepreneurial Operating System (EOS) and gain valuable insights from Sara's consulting experiences.
Don't miss this opportunity to enhance your understanding of family business dynamics and improve your own business operations!
0:00 Intro: Family businesses and the three-circle model
5:05 Challenges of hiring family in business
10:08 Using "hats" to separate family and business roles
15:19 Baby boomers retiring and business succession
20:19 Explaining the Entrepreneurial Operating System (EOS)
22:56 Embracing failure: A lesson in trusting instincts
27:27 How Sara helps separate family and business relationships
28:30 Closing remarks and contact information