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In this episode of Safe Space, host Franco Lombardo speaks with Gillian Stein, former CEO of Henry's, Canada’s largest independent digital imaging retailer, about her emotional journey of selling her family business. Gillian shares her experience of identity loss, the grieving process, and the challenges of transitioning from operations to ownership. The conversation highlights the importance of self-reflection, finding new passions, and the emotional complexities involved in succession planning. Gillian emphasizes the need for flexibility and an open mind in navigating the unpredictable nature of family business dynamics.
Connect with me here:
• https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
• https://www.facebook.com/VeritageFamilyOffice
• https://www.youtube.com/@VeritageInternational
• https://veritage.ca
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Veritage CEO Franco Lombardo was recently a guest on the "Smart Wealth™ with Thane Stenner" podcast where they covered a number of pertinent topics from the emotional side of family business. Franco explains that by asking his clients the questions they’ve been avoiding asking themselves, they can begin to better understand their relationship to money, why they behave the way they do with it and how they can then choose their behavior. The discussion then covers why the human capital asset class should be the next investment focus of business families in order to prepare all generations for a smooth wealth transition.
Connect with Francesco here:
• https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
• https://www.facebook.com/VeritageFamilyOffice
• https://www.youtube.com/@VeritageInternational
• https://veritage.ca
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In this very special episode of Safe Space, our Founder and CEO, Franco Lombardo is in the hot seat in conversation with Veritage’s Chief Operating Officer, Thomas Clark. They cover a number of different topics including why Franco created Veritage, emotional security beyond financial wealth, turning investment strategies towards Human Capital, and offers some practical tools and key insights to help you navigate the complex family dynamics associated with being a business family.
Connect with me here:
• https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
• https://www.facebook.com/VeritageFamilyOffice
• https://www.youtube.com/@VeritageInternational
• https://veritage.ca
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In this episode, Claudia Gomez of Trusted Family joins Francesco to discuss the challenges faced by family businesses and the importance of having difficult conversations. She highlights the tendency of families to avoid conflict and the consequences of not addressing hard topics and suggests greater vulnerability and self-awareness is needed in order to initiate these conversations and build trust within the family. She also explores the role of the next generation in driving change and finding their own path within the family business.
Connect with me here:
• https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
• https://www.facebook.com/VeritageFamilyOffice
• https://www.youtube.com/@VeritageInternational
• https://veritage.ca
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What you say to yourself is as important as what you say to others, because communication begins with ourselves. The way we communicate with others is often based on our own thoughts, and is why this episode of Safe Space highlights the importance of questioning and challenging our thinking. Francesco Lombardo and BJ Radomski also discuss the challenges that arise when there is a lack of clear communication within families and offer some practical advice to overcome them.
Connect with me here:
• https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
• https://www.facebook.com/VeritageFamilyOffice
• https://www.youtube.com/@VeritageInternational
• https://veritage.ca -
With almost 20 years of working with families as the executive director of the Loyola University Chicago Family Business Center and in his private consulting practice, there’s not much that Andrew Keyt hasn’t come across. But it is his personal journey of overcoming challenges as a next-generation business leader that makes his perspective so unique.
In this episode Francesco and Andrew discuss many of the unspoken issues that exist within family business relationships, such as the importance of vulnerability, the need to address mental health issues and how generations can learn valuable lessons from one another.
Connect with me here:
• https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
• https://www.facebook.com/VeritageFamilyOffice
• https://www.youtube.com/@VeritageInternational
• https://veritage.caREMEMBER TO SUBSCRIBE ON YOUR FAVOURITE PODCAST PLATFORM TO NOT MISS ANY FUTURE EPISODES!
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Like so many of my guests, Don Phin has led an extraordinary life. Growing up in the Bronx, his journey has taken him from being a former trial lawyer to starting a HR company to now coaching CEOs. Don has gone on to use the lessons he learnt in the courtroom and specifically draws on his experience of how different versions of the ‘truth’ can cause a breakdown in communication. As a recently trained Veritage coach, Don works with a preventative approach and believes that listening and encouragement are critical to engaging the next generation and to building healthy lasting relationships.
Connect with me here:
• https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
• https://www.facebook.com/VeritageFamilyOffice
• https://www.youtube.com/@VeritageInternational
• https://veritage.ca
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BJ (Brian) Radomski, is executive coach and facilitator, who takes a holistic approach to coaching, by combining science and psychology with personal experience and real-life scenarios.
In this episode of Safe Space, BJ shares insights he gained from his extensive career and experience in a multitude of organizations, and explains why the key to successful leadership is grounded in open and transparent communication.
Connect with me here:
https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/ https://www.facebook.com/VeritageFamilyOffice https://www.youtube.com/@VeritageInternational https://veritage.ca -
In this conversation, I speak with Armen Alajian, the owner of ARTO, Southern California's artisanal brick and tile manufacturer. Armen and his brother Vod took over the business after their father Arto died in 2014, and in this moving conversation Armen shares how he navigated the emotional and practical difficulties he faced. If you are interested in learning more about how to create a healthy family culture and why investing in the people in the business is the key to success, then this episode is for you.
Connect with me here:
• https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
• https://www.facebook.com/VeritageFamilyOffice
• https://www.youtube.com/@VeritageInternational
• https://veritage.ca -
Despite the recent progress in gender equality, many women still face obstacles in securing senior leadership positions within their family business. In this episode, Family Business owner, Eva Fischer emphasizes the importance of belief in oneself and urges women to avoid falling into the trap of emulating their male counterparts. Eva's insights and experiences offer valuable perspectives and strategies for women entrepreneurs in family businesses on how to cultivate personal fulfillment.
Connect with me here:
https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/ https://www.facebook.com/VeritageFamilyOffice https://www.youtube.com/@VeritageInternational https://veritage.ca -
It was 1986 and Jonathan Goldhill had just witnessed the closure of his family’s company, which was also the country’s largest men’s suit manufacturer. Not wanting other entrepreneurs and family businesses to follow the same fate, Jonathan decided to use his experience to help families navigate a smooth transition. In this intimate conversation, Jonathan shares why our early childhood experiences can shape our adult lives, and how through the discovery of emotional safety, we can all find our true meaning and purpose.
Connect with me here:
https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/ https://www.facebook.com/VeritageFamilyOffice https://www.youtube.com/@VeritageInternational https://veritage.ca -
The role that advisors play in helping family businesses to fulfill their goals cannot be underestimated and is why my guest this week is Heather Falcone. A second-generation family business member and CEO of Thermal Vac Technology, Heather has more than 20 years of experience, centered in business concepts and is passionate about helping companies and individuals be outspokenly different. Together Francesco and Heather discuss the components of a successful relationship between the family and advisor and discuss how advisors can serve as a valuable bridge between the founder and the next generation.
Connect with me here:
https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/ https://www.facebook.com/VeritageFamilyOffice https://www.youtube.com/@VeritageInternational https://veritage.ca -
Working with family enterprises and business owners, Chris Yonker helps them navigate the intricate and unique aspects of both being related and owning a business. Combining his own personal experience and professional work with entrepreneurs, executives, athletes, and celebrities, Chris has created a process inspired by eastern philosophy to preserve continuity.
In this episode, Chris offers his advice for both next-gen and senior-gen family business leaders on how to create a safe space to effectively communicate with one another. He also discusses the impact of childhood trauma and why progress is never linear, highlighting that it begins with an internal evaluation of who we really are, why we are here and what we want to do in the world.
Connect with me here:
https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/ https://www.facebook.com/VeritageFamilyOffice https://www.youtube.com/@VeritageInternational https://veritage.ca -
Kent Johnson, is the CEO of the company that his great-grandparents founded in 1946. In a little two-room office above a car dealership, Highlights magazine was born and today it remains as true to its core as ever. A magazine encouraging children to discover their creativity and imagination, Kent explains why he believes that childhood is the critical foundation for developing happy and healthy children.
A company that has embraced the concept of a Chief Purpose Officer, Kent shares why and how inclusion helps to connect everyone in the company to the mission and purpose. This episode is for anyone looking for the tools and techniques to unlock the power of curiosity and humor, so that their business can continue for generations to come.
Connect with me here:
https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/ https://www.facebook.com/VeritageFamilyOffice https://www.youtube.com/@VeritageInternational https://veritage.ca -
There’s a place in New York that has been serving up some of the city’s best pasta for the past 117 years. Raffetto’s has been supplying New York’s restaurants and home cooks with freshly spun pasta since 1906, and remains a solely family owned business.
I spoke with Sarah Raffetto, part of the 4th generation of Raffettos, who as the company’s Chief Operating Officer is responsible for ensuring the restaurant continues for the next 100 years. Sarah believes that the business’s success is largely due to each generation’s commitment to maintain their family traditions whilst being willing to expand and evolve.
Connect with me here:
• https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
• https://www.facebook.com/VeritageFamilyOffice
• https://www.youtube.com/@VeritageInternational
https://veritage.ca -
“How do I find my purpose?”
This is one of the questions I am most often asked by those I work with, and is why my conversation with Leadership Expert and Executive Coach James Laughlin is so insightful.
James’ extensive experience spans working with elite performers and leading organizations, including professional athletes, influential CEOs, and multinational corporations. But James is also a musician, marked by seven world championship titles, showcasing his exceptional ability to foster talent and cultivate winning mindsets.
According to James, purpose is not about self, but about others. Purpose is something that inspires those around you to want to join and work with you to build your vision. The clearer the vision, the easier it is to achieve it and to inspire others. James says that when we heighten our awareness and focus our attention to where we want to go in life, then our purpose is revealed.
This episode is for anyone struggling to find their place in the world and will help you to look beyond yourself in order to find your true meaning.
Connect with me here:
• https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
• https://www.facebook.com/VeritageFamilyOffice
• https://www.youtube.com/@VeritageInternationalhttps://veritage.ca
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James Laughlin is a 7x World Champion and leadership expert, whose incredible journey has taken him from a small town in Northern Ireland to becoming a world solo drumming champion by the age of fourteen. Spending much of his twenties feeling lost, James eventually landed in New Zealand, and although he set up a successful education and retail company, he became frustrated with the 9-5 and instead decided to transform his skills into his purpose, to become a much sought-after leadership coach.
In this conversation James highlights the importance of both self-evaluation and self-reflection in leadership and why creating space for thinking and reconnecting with feelings and emotions is a critical component. James also gives us an insight into the unique framework he uses with CEOs, Professional Sports Teams and leaders to create high-performing teams.
Connect with me here:
https://veritage.ca/
https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
https://www.facebook.com/VeritageFamilyOffice
https://www.youtube.com/@VeritageInternational
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Nancy Bruns is a seventh-generation member and current Chairman of the Board for a 210-year-old family business in West Virginia. In today’s episode of Safe Space, Nancy explains how she learned to cope with her unexpected inheritance following the death of her father, and how she became an advocate for transparency, open dialogue.
Nancy’s passion for change and her belief in the importance of fostering a deep sense of connection and shared purpose, is testament to the longevity and continued success of her family business. Nancy provides valuable insights and strategies for family business owners on how and why strengthening family relationships is critical to the health and wealth of the family business.
You can learn more about Nancy and J.Q. Dickinson Salt-Works by visiting: https://www.jqdsalt.com/
Connect with me here:
https://veritage.ca/
https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
https://www.facebook.com/VeritageFamilyOffice
https://www.youtube.com/@VeritageInternational
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Paul Hutchinson has dedicated his entire life to creating a world where every child can experience safety, freedom and hope.
As an entrepreneur, philanthropist and anti-child trafficking advocate, Paul’s work is underpinned by helping victims to heal from their trauma so that they can go on and live as healthy, functional and emotionally rich adults.
Paul's work extends beyond rescuing trafficked children to helping adults heal their inner child, ultimately liberating humanity from the cycle of abuse and trauma. He believes in the promotion of emotional healing and connection to foster a harmonious and emotionally safe environment for themselves and their families.
In this episode, Paul discusses the importance of understanding the impact of generational patterns and emotional wounds on family businesses, and provides practical techniques to help you break free.
Find more information about Paul and his work at liberating-humanity.com and liberatechildren.org.
CONTENT WARNING: This episode contains descriptions of violence, including child abuse and child trafficking. Please listen with care.
Connect with me here:
https://veritage.ca/
https://www.linkedin.com/in/francesco-lombardo-fea-496a7966/
https://www.facebook.com/VeritageFamilyOffice
https://www.youtube.com/@VeritageInternational
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Join Francesco Lombardo for this week's Safe Space as he speaks with Felicia Heng, founder and managing director of Wise Purpose, a boutique consulting firm specializing in family wealth advisory, leadership coaching, and next-generation succession.
Felicia shares her diverse expertise in psychology, investments, and family governance, and sheds light on her work with families and the next generation, specifically focusing on the emotional aspects of inheritance and succession. The conversation delves into the profound impact of sudden deaths and accidents on succession planning, and addresses how narratives related to money and wealth play a crucial role in shaping the emotional journey of individuals involved in the succession process.
Felicia’s advice to the Senior and NxtGen…unpack the emotional journey from practical aspects of succession, inheritance, and family business transitions, as clarity in separate narratives allows for better alignment; recognize that this is both an art and a science, seeking support from independent professionals or networks with codified knowledge; and start discussions earlier when everyone is healthier and less stressed, recognizing the importance of time in addressing complex matters, and embracing the proverb that the best time to act was 20 years ago, and the next best time is now.
To contact Felicia Heng, reach out to her at [email protected] If you would like to keep up to date with all our insights, latest research and stories, click to subscribe to our "Veritage Insights Newsletter." (https://bit.ly/3JOd7Qq) - Se mer
