EP 259 - David is the founder of Next Step Advisors, a consultancy for family businesses helping them avoid the potential pitfalls of working with your closest relatives.David chats about his experiences running his family's companies, for all of their successes and failures, which spawned the idea for Next Step Advisors. Andy get's in on the act, speaking frankly about his experiences growing up as part of Oury Clark: the struggles, expectations, mistakes and lessons learnt. There may be some oversharing.David also tells us why he thinks companies who don't give back to their communities qualify for the big bin of bullshit.Chapters:00:00 Welcome to BWB00:37 David's Journey in Family Business01:38 Challenges of Working with Family01:53 Dynamics of Sibling Relationships in Business03:05 Importance of Space and Baggage in Family Business04:48 Impact of Different Visions in Family Business07:13 Communication and Board in Family Business13:13 The Power of Family Businesses16:22 Career Development in Family Business20:13 Mistakes and Lessons in Family Business25:33 The Problem with Family Businesses26:34 Resistance to Change in Family Enterprises27:03 The Role of Independent Board Members27:43 The Struggle of Succession27:57 The Importance of External Experience33:54 The Challenges of Decision Making34:15 Non-Family Members in Family Businesses35:32 The Importance of Integrity in Business38:06 The Need for Philanthropy in Family Businesses47:52 The Power of Gratitude and ResilienceDavid's recommendations:1000 Gifts - Ann Voskamp (book)Unbroken (film)Against All Hope - Armando Valladares (book)businesswithoutbullshit.meFollow us:YouTubeInstagramTikTokLinkedinTwitterIf you'd like to be on the show, get in contact - [email protected] is powered by Oury Clark

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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