How Servant Leadership Can Transform Your Family Business With Ed Hart

In this episode, host Adam sits down with Ed Hart, a family business expert, host of the 'From the Heart' podcast, and co-author of 'Boomer Wisdom.' They delve deep into why emotional intelligence is a crucial yet underrated element in family businesses. The conversation covers the significant impact of seeking external help for sustained success across generations, with examples of businesses that flourished due to humility and openness to outside insights. Ed shares stories from his extensive experience working with family businesses, offering valuable advice on conflict resolution, the importance of servant leadership, and preparing for retirement. The episode is a treasure trove of insights for family business leaders navigating legacy and generational dynamics, eager to strengthen love, legacy, and lifestyle within their organizations. If you're a family business leader, this episode is a must-listen. Enjoy the deep, fearless conversation that encapsulates the essence of maintaining a thriving family business. 00:00 Introduction to Emotional Intelligence in Family Business 01:41 Welcoming Ed Hart: A Journey Through Family Business 02:34 The Good, The Bad, and The Ugly of Family Businesses 04:26 The Importance of Emotional and Cultural Intelligence 06:11 The Role of Advisors and External Help 13:00 Generational Dynamics and Succession Planning 24:08 Conflict Resolution and Family First Philosophy 29:53 Navigating Family and Business Dynamics 30:12 Examples of Successful Family Businesses31:26 The Importance of Managing Expectations 32:15 The Pressure of Maintaining a Family Legacy33:41 The Reality of Selling a Family Business 34:09 Transitioning Leadership in Family Businesses 37:39 Preparing for Retirement and Finding New Passions 43:55 Boomer Wisdom: Lessons for the Next Generation 48:45 The Value of Intergenerational Learning 50:12 Conclusion and Final ThoughtsFind Ed HERE Hart Leadership Group From the Hart Podcast Boomer Wisdom