Today we are discussing what we want to say “No, thank you” to our parent or our mentor for. This is especially important to explore if like many of my clients operate family-owned businesses. That means that they either work with family or they bought or inherited a business from a parent or, like 48.1% of entrepreneurs, they had a parent who was a small business owner, or maybe you've had a mentor, that can apply to you too.

It is a great exercise for closure, for healing, and for really stopping some of those intrusive thoughts that plague small business owners today. The narratives play over and over in their head, but you realize it is not your voice that is talking to you. It is distinctly the voice of a parent, of a mentor, of somebody else, and you are carrying around someone else's perspectives, and they are impacting all the decisions you make in your business.

They're getting in your way.

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This is part one of what I would consider an essential two-part podcast that has an exercise that I want you to do, especially if you have a family-owned business and are considering working with me at some point.

This will be a task I give you when working with me. It is simple, powerful, and incredibly frustrating for some people. Listen to the end of this podcast, where I will give you part one of the exercise.

This exercise is about really looking at your mentor or your parents, if this is a family-owned business, or even if you were raised by a small business owner, and now you own a different small business, which is about 48.1%. 48.1% of entrepreneurs said they grew up in a family business.

Now, that is a statistic from 2009, and I searched and searched and searched to see if I could find a regular, I mean, a more updated statistic. Unfortunately, I couldn't, so we're going to roll with that 48% of small business owners were raised by small business owners. That is me raising my hand.

So whether you are currently still working with family, whether you have bought or inherited a business from your family, or whether you're in that 48% like me, you have picked up plenty of beliefs, mindsets, perspectives, whatever you want to call them, from family that you bring into your business every single day. Some of them serve us. Others, not so much. Sometimes they can even be downright toxic.

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We are taking a step into the Wayback Machine today with a much beloved and much-downloaded podcast episode from 2018 with my dad, Elliot. Now, I spent five years working for him, but never took over the business.

I think that my father was really great at encouraging me to follow my own passion, which I really appreciate. However, Elliot, my dad, has been a great mentor to me where everything throughout my life was annoyingly a lesson.

Now, that doesn't mean our relationship was without its ups and downs, dramas, and disappointments. I always like to share that when people hear me talking to my dad because we have both worked really hard to have the relationship that we have today.

I'm replaying this because 100% of the businesses that I work with right now are family owned. Given the data on family-owned businesses, there is an excellent chance that maybe you have a family-owned business.

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