Protecting Your Business (To Protect Your Family) with Rochelle Clarke

FULL EPISODE

In today’s episode, Rochelle Clarke joins the podcast to share some of her methods for building a relationship between family and business.

ENCORE EPISODE

Don’t have time for the full interview? Here’s a short clip from the discussion!

KEY TAKEAWAYS:

  • It takes as much effort to prepare a business for sale, as it does to pass it on
  • The difference between succession and continuity planning
  • When is the moment all business owners need to have a business continuity in place?
  • What type of insurance do you need, if there’s a business interruption, so your family is protected?
  • Managing multiple generations of family owned businesses
  • When and why should you talk about business with the family
  • “Values are not taught, values are caught”

QUOTE

  • “Values are not taught, they’re caught.” – Rochelle Clarke
  • “As your business matures, you’ll be guided by values. Your values guide your strategy and your strategy guides your actions.” – Rochelle Clarke
  • “The most important thing you could do as a business owner and as a father, is to TALK, communicate.” – Rochelle Clarke

PEOPLE MENTIONED

EPISODE RESOURCES

ABOUT THE GUEST

Rochelle Clarke, is founder and CEO of Succession Strength, a company that keeps good businesses in business for generations. She contributes to Forbes on the topic of business longevity and continuity.

Part referee; part strategic guide for entrepreneurs and families in business, Rochelle combines her expertise with that of her team in helping business owners stay in operation from generation to generation by identifying and overcoming communication hurdles and preparing them and the families that support them to thrive through generational change.

She is the author of The 5 Critical Succession Conversations: A Comprehensive Guide for The Family Business and has appeared in a number of global publications like The New York Times, Family Office Magazine, Business Leader, The CEO Magazine to name a few.

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Disclaimer: The transcription you’re about to read was produced digitally. It’s 95% accurate, however at times, the system interprets words incorrectly, so if you’re shrugging your shoulders saying, “What the heck?” — just skip that word/sentence and read on 🙂 Thanks and happy reading

172 – Protecting Your Business (To Protect Your Family)[/read]

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