93. Strengthening Family Businesses Through Leadership with Pete Walsh

Your Business Your Life

Are you a business owner struggling to balance the demands of family dynamics with achieving business success?

The majority of businesses are family-owned or operated. Often, multiple family members are involved in running these businesses, leading to unique and interesting dynamics.

Understanding these dynamics is crucial for business owners to strengthen the business, rebuild leadership, and boost productivity within their companies.

Join Matt DiFrancesco and Pete Walsh, Family Business Advisor & Master Coach, as they discuss the challenges that family businesses face and share personal stories of navigating conflicts, setting expectations, and developing leadership within the family business.

Matt and Pete talk about:

(02:32) Why the concept of leadership today is trickier than ever

(06:36) Why family businesses must understand that a business has a lifecycle

(07:27) The common factor among the fastest-growing shops

(08:09) What are some of the biggest challenges that family businesses face?

(10:34) How to create a unified family vision when dealing with diverse personalities

(10:50) The advantage of having objective feedback from outside the family business

(12:23) Why conflicts are completely normal

(14:14) Strategies for parents to help deal with entitlement among their children

(21:11) How the Family Business Coaching System works

(28:19) Pete’s value proposition

(29:30) The one mistake most business owners make

(32:22) The benefits of having the children work someplace else before they go into their family business

Connect With Pete Walsh

Website: https://familybusinessperformance.com/

LinkedIn: https://www.linkedin.com/in/pete-walsh/

Get access to Tools and Proven Strategies that will help your family business thrive and succeed - for FREE! Visit https://familybusinessperformance.com/

Connect With Matt DiFrancesco:

[e-mail]

[phone]

LinkedIn: Matt DiFrancesco

LinkedIn: High Lift Financial

Facebook: High Lift Financial

Instagram: @high_lift_financial

Youtube: @highliftfinancial

About the guest:

Pete Walsh is a seasoned family business consultant with over 16 years of hands-on experience in his own family business.

In 1997, he founded the Peak Workout Business Coaching System, and in 2013, he established the Family Business Performance Center.

His goal is to support family businesses by offering his proven practices online for free, helping them strengthen and grow. Pete also provides personal coaching to select clients.

He has been happily married for 35 years and is the proud father of two successful adult children.

Disclaimer:

DiFrancesco Financial Concierge, LLC, d/b/a High Lift Financial, is a Pennsylvania-registered investment advisor and may conduct investment advisory services in states where it is registered, exempt, or excluded from registration. The content provided herein or on our website should not be construed as an offer for investment advice or for securities, insurance, or other investment products. Investments involve the risk of loss and are not guaranteed. Consult a qualified legal, tax, accounting, or financial professional before implementing any investments or strategy discussed here.