Defining The Purpose of Your Family Business with Guillermo Salazar

The She Leads Podcast: Real Conversations with Women Entrepreneurs

Being a part of family business means being a part of long-lasting values and reputation.

Guillermo Salazar, a renowned family business consultant and global speaker, brings invaluable insights into effective family business governance and communication, empowering enterprises for success.

Guillermo dives deep into the world of family business governance, communication, and legacy-building. Whether you're an entrepreneur or involved in a family business. He seriously takes into account the blood, sweat, and tears that the entrepreneur put into the business and describes owners as heroes who influenced and helped the whole family around them with the business.

Guillermo is opening our minds to other aspects of the entrepreneurial journey that we don't often think about, and educating us on all the different considerations that we need to be thinking about when we're either, involved in a family business or we've created our own family business.

Notes:
💼 Finances from a slightly different angle: family business finances. 02:30
🤓 Guillermo comes from a family construction business: all the situations you can have related to the family business. 03:41
😇 Helping people to make decisions regarding their family business: few options to move on. 08:11
3️⃣ Three steps in keeping family business: communication, purpose, and legacy as foundations. 12:10
⏰ Time matters the most: quality of values and reputation takes time not size. 13:55
🦸‍♂️ Retirement is the hardest part of being a founder: giving recognition to a family hero and receiving a legacy. 18:08
🤩 Training to be an owner or understand the responsibilities and emotional connection with the ownership is essential for good leading. 22:35
❓ Questions family business owners ask: differences between 1st, 2nd, and 3rd generation of owners and the motivations they have. 26:39
🏆 “A Road to Triumph in Family Business”: to reach the goal, there is a path that we have to work on together. 30:46

Links:

Connect with Guillermo: www.linkedin.com/in/guillermosalazar

Website: guillermosalazar.com

Get his book here: www.amazon.com/gp/product/B09HL9B5T4

Connect with Adrienne: www.sheleadsmedia.com

Listen to podcasts for women by women on the She Leads Podcast Network: www.sheleadspodcasts.com

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