How Family Business Centers Support Women and their Businesses | Lanie Jordan | Episode 048

Theme: How Family Business Centers Support Women

Summary: Lanie Jordan, Executive Director of the Family Business Alliance at Wilkes University, describes how college-based family business centers can support women through education, peer groups, events, and research.

Featured Guest: Lanie Jordan: Executive Director of the Family Business Alliance at Wilkes University.

Website: Family Business Alliance – Wilkes University

Key Quotes:

  • “We see amazing opportunities for women…about 24% of family businesses are led by female CEOs or presidents. Women are making great strides in family businesses…it’s such a vast contrast to corporate trends.”
  • ” There are 50 university-based centers that are affordable, that have wonderful speakers…and that provide an opportunity to engage with other families. Knowing that others have tread the waters you’re in can change your outlook.”
  • ” The most important thing that women can do is to find a place where there are other women are in your shoes. Find a safe space where you can share your situation where you can feel unjudged and supported….and also accountable.”

What to Look for in an Advisor | Holly Isdale | Episode 047

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Theme: The Importance of Trusting Your Advisor

Summary: Selecting an advisor who protects your interests is crucial for women in family businesses. Holly Isdale discusses how women in family businesses can learn to protect their information-and themselves.

Featured Guest: Holly Isdale: Founder and Strategist for Wealthaven, a consulting firm which serves very wealthy families and family businesses and helps them implement their goals.

Website: www.wealthaven.com

Key Quotes:

  • “In family businesses, really good estate plans can fall short or get outdated very quickly. They’re designed with one goal in mind: preserve the family business. This creates this awful dilemma…not thinking about the implications for the beneficiaries.”
  • “For younger women, it’s about knowing yourself, how you make decisions, and how you maximize your voice in the process.”
  • “I’m a big believer that you should understand the landscape (of advisors)-meeting with other advisors, lawyers…not your father’s. It’s important for daughters to understand where the conflicts lie and where the allegiances lie.”

What It Takes to Prepare a CEO | Tacy Byham | Episode 046

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Theme: The Best Preparation for Becoming CEO

Summary: Tacy Byham, an industrial/organizational psychologist like her dad, is now CEO of DDI, a global talent management organization. She describes her thorough preparation for the role of CEO.

Featured Guest: Tacy Byham, CEO of DDI and co-author of “Your First Leadership Job: How Catalyst Leaders Bring Out the Best in Others.

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Website: www.ddiworld.com
Key Quotes:

  • “Authenticity as a trait is a behavior that we can display to others. People see that and know whether they can trust you.”
  • “Research tells us that more stress comes from getting promoted. That challenge is absolutely real.”
  • “If you’d like your children to become part of the family business …be careful about what behaviors they’re observing!”

How working for your Mom can be a great career move | Sadie Ferguson | Episode 045

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Theme: Deciding to Work for Your Mom

Summary: Sadie Ferguson, a social worker now working in her mother’s successful flower shop, describes how working with her mother is allowing her to develop her interests and passions and nurturing her entrepreneurial spirit as well.

Featured Guest: Sadie Ferguson, Robin Wood Flowers
Contact:  sadie@robinwoodflowers.com
Website: www.robinwoodflowers.com
Key Quotes:

  • “The challenge for me was determining if I was ready to change my work identity, from social work to entrepreneurship.”
  • “My mom and I are good friends; I worried that some of that would be threatened when I joined. It’s interesting getting to know her as a professional, not just as my mom.”
  • “I’m satisfied, and I have an entrepreneurial spirit that is growing…and I didn’t know that that would happen.”

A banker-and an image consultant-discusses how your professional image affects your business-and you | Kristie Sheanshang| Episode 044

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Theme: How your image affects your business

Summary: Kristie Sheanshang, a private banker-and an image consultant-discusses how your professional image can make a difference in how you feel at work, and how others do, too.

Featured Guest: Kristie Sheanshang, stylist, speaker, and private banker
Contact:  www.dare4flair.com
Key Quotes:

  • “You might be tempted to fit in with your team, but as a leader, you might be better off dressing to a higher standard-not business casual.”
  • “Boundaries are a big part of my life. I try to be present when I’m home. I outsource tasks I don’t like.”
  • “So many times in bank meetings, daughters don’t speak up. Prepare some questions, be involved, get on the agenda. Advisors are a resource. They would love to help you-but often don’t know how.”

How a Daughter Became a President | Kristy Knichel | Episode 043

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Theme: How a Daughter Became a President

Summary: Kristy Knichel, President of Knichel Logistics, discusses what she learned from her dad, and what led her to make the choices that have helped the company adapt and thrive.

Featured Guest: Kristy Knichel
Contact:  724-449-3300, ext. 222 or kknichel@knichellogistics.com
Key Quotes:

  • “I felt like I always had something to prove to my dad; there were times when even customers and vendors didn’t want to work with me because I’m a woman in a male-dominated industry.” 

  • “There’s a way to get the job done and be respectful about it.  I tell people we’re successful because of our employees. They’re more valuable than anything. I consider our employees and our vendors our customers.” 

  • “My husband was a stay-at-home father for two years; now he has his own business. We take turns.  We have a 50/50 agreement-it was our agreement before we had our son.