Want to take your family business to the next level?

In this episode, Adam Hill dives into the heart of what really drives long-term success – love, legacy and lifestyle. Beyond profits and numbers, he shares why making decisions from a place of care, creating a sustainable future for generations to come, and crafting the life you want are equally important.

Walk away with tangible tips like using a "love vs fear" framework, developing a statement to enrich relationships, and periodically checking on non-financial progress. Discover a fresh perspective that may unlock the next stage of growth for your business and family. Listen now to learn how focusing on these core human values can fuel your legacy for years to come.

Here are some power takeaways from today’s conversation:

• How family business can shift perspectives from passion to practicality

• Making decisions from a place of love over fear

• The business as a sum of daily decisions

• How to make decisions out of love

• A legacy is not self-serving, but selfless

Episode Highlights:

[04:09] Some family businesses shift from passion to practicality over the years

Later generations in a family business may lose sight of the founders' goals of building love, legacy and lifestyle. Instead, they only see the business as a means of security or wealth for themselves.

[05:13] Before you join the family business, examine your motives through the lens of love, legacy and lifestyle

Carefully evaluate your reasons through a framework of prioritizing love for others, building a sustainable legacy, and creating an enriching lifestyle rather than just personal gain or security.

[08:22] A business is the sum of its daily decisions

A business is fundamentally a series of daily decisions that collectively steer its overall direction over time.

[09:45] How to make decisions out of love

Look at the greater good. Remove negative emotions from the process. Act with care and compassion. Consider how the choice can connect with and spread love within the organization.

[12:16] A legacy is not self-serving, but selfless

A legacy should be focused not on yourself but on empowering future generations to survive and prosper over the long run.

[13:01] Let go and let your kids make it their own.

Loosen your grip on legacy ideas and realize that kids will make the family business their own as times change, not just copying what was done.

Resources Mentioned:

Entrepreneurial Operating System (EOS)

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It only takes one paw forward to pave the path to personal growth.

In this episode, Adam Hill sits down with Jeff Goodrich who shares how a simple walk with his dog Duder was the first step in a journey of massive self-improvement. Through small consistent actions like daily walks, Jeff was able to lose 70 pounds, repair his marriage, complete several marathons, and find a renewed sense of purpose.

Jeff discusses the transformative power of starting small instead of waiting until you feel ready to take huge leaps. He also offers valuable insights on using fear of regrets as motivation to keep progressing each day. Listen and be reminded of what's possible – through perseverance and creativity!

Here are some power takeaways from today’s conversation:

• Everything starts with the first step

• How to find your “why” and the evolution of the “why”

• Small changes lead to big results

• Find your anchor habit to achieve consistency

• The role of service animals

• Building a healthy relationship with nutrition

Episode Highlights:

[03:24] Everything starts with the first step

Jeff considered that first day he put a leash on Duder and took their first step outside together as truly the beginning of his journey toward transformation.

[10:13] How to find your why through awareness and environment

Start by exploring your environment and becoming aware of where your life is at to define what your why could be, what it should be, and what you really want it to be.

[13:22] The evolution of the “why”

Jeff believed one's why is constantly evolving over time and throughout life experiences.

[19:30] Small changes lead to big results

Weight loss occurred naturally as a result of Jeff’s new daily walk routine and mindset shifts.

[21:57] Find your anchor habit to achieve consistency

Don't focus on the 100 things you’ve got to do. Find the one thing that will keep you going.

[24:15] Use fear as your fuel

The fear of regrets is actually a lot more powerful than the regrets themselves. That fear is what keeps Jeff continuously moving forward in his journey

[38:27] The role of service animals

Jeff believes service animals could greatly assist those dealing with medical or psychological issues through detection abilities, safety support, and the mental health benefits of unconditional canine companionship.

[42:09] Build a healthy relationship with nutrition

Clean up your diet but find out what works for you because there are so many options out there. The key is to make simple, healthier choices – what you need to eliminate and what you can add.

Resources Mentioned:

Dude and Duder: How My Dog Saved My Life

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Have you ever wondered how multi-generational companies maintain success across decades? On this episode, Adam Hill shares the strategies that have kept his family's century-old enterprise thriving.

Tune in to learn how implementing systems, clearly defining roles, and fostering transparent communication can help overcome fear-based decisions while paving the way for sustainable growth well into the future. Practical tips include separating daily operations from strategic planning and uniting relatives behind a vision through open forums.

Leave your fears at the door - this podcast delivers the keys to reducing risk and smooth leadership transitions for family firms of all sizes.

Here are some power takeaways from today’s conversation:

• The three essentials for overcoming family business fears

• Implementing an operating system like EOS to systematize daily tasks

• Thinking about necessary roles before assigning family members

• Separating business operations, ownership, and family

• Structuring a board of directors to provide guidance

• Using town halls and transparency to communicate with all stakeholders

• Building alignment around shared values and vision

• Overcoming obstacles by removing information blockages

Episode Highlights:

[02:58] Three reasons we go into family business

Adam talks about the top three reasons for family businesses - building family love, creating a legacy, and the lifestyle you want from ownership.

[06:15] Put systems in place for clarity and confidence

Implementing systems for the business, ownership, and family helps get everyone aligned around core values, and solidifies procedures to increase confidence in leadership decisions.

[07:14] The first step for a successful multi-gen business is to embrace next gen suggestions

In multigenerational businesses, newer generations will rightly want to update old ideas to improve the company going forward.

[07:53] The three essentials for overcoming family business fears

Adam identifies the three key things that can help take fear out of a family business as: Systems - Structure - Communication

[11:53] The need to separate business, family, and ownership

As a family business passes to more generations, it becomes increasingly important to clearly separate the business operations, family relationships, and ownership structure for good governance.

[12:41] The three core systems of family business

All businesses rely on systems for operations and ownership, while family businesses require an additional system dedicated to nurturing relationships and harmony between relatives.

[16:07] Structuring family businesses and ownership

As family businesses span more generations, Adam explains their structures often need to grow more comprehensive to welcome growing numbers of stakeholder relatives.

[21:35] Overcome fear through transparent communication

Adam notes fear stems from lack of information and clarity. Transparency through structured communication systems aligned with values removes obstacles, allowing courageous leadership.

Resources Mentioned:

Entrepreneurial Operating System (EOS)

Follow Adam…

Sign up for my newsletter and get my free Vision/Reflection Retreat Guide:

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IG: @theadamchill

YouTube: @adamchill

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