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Family businesses account for 64% of U.S. gross domestic product and employ 62% of the U.S. workforce. This podcast, sponsored by SMB Interim Management and Yate Advisors, explores the major challenges facing family businesses today. Moderator Robin Letchinger interviews leading authorities on family business management and leadership, discussing their personal experiences, the challenges they see, and best-practice solutions to difficulties ahead.
Episodes
Sunday May 21, 2023
Sunday May 21, 2023
In this episode, Robin speaks with Jack and Scott Mitchell of Mitchell’s, a high-end women’s and men’s clothing boutique with locations all over the country. Jack is a 2nd generation member of the business, while his nephew Scott is 3rd generation. Together, they discuss:
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Building personal relationships with customers
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Integrating every member of the family into the business and connecting over shared values
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How to prepare the next generation to take over successfully
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The importance of communication and honesty
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The principle of “business first, family second.”
Listen to hear how Jack and Scott talk about "business first, family second" and how both family members and non-family leadership support and benefit from that approach.
Once again, the principles leading to family business success are great lessons that are not reserved only for family businesses. We welcome you to listen and share your thoughts with us as well.
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