Curious about how to successfully transition a family business while preserving its legacy?

In this episode, Adam chats with Andrea Carpenter, a seasoned expert in family business succession who shares her personal experiences growing up in a family business and the critical role that open communication played in her formation, while exploring how both family business leaders and next-generation members can balance honoring legacy with pursuing their own authentic paths.

Whether you're planning to pass your business to the next generation or contemplating other transition options, Andrea's wisdom about creating authentic spaces for rising generations while honoring family legacy will transform how you think about succession.

Discover why it's never too early to start planning your transition and how to ensure everyone in your family business feels valued in the process.

0:00 Introduction

5:26 Transition Strategists: Helping family businesses

10:15 Open communication about family wealth

20:44 Protecting wealth for future generations

25:14 Joining Transition Strategists as a successor

29:49 Framework for succession planning

34:36 When to start transition planning

38:26 The Next Gen Friend: Supporting the next generation

43:53 Creating resources for next generation leaders

Resources Mentioned:

📚 It's a Journey - Book by Elizabeth Ledoux

🌐 Instagram: https://www.instagram.com/yournextgenfriend/

🌐 LinkedIn: https://www.linkedin.com/in/andreashaver/

🌐 Free Resource! Let's Talk Transition - https://letstalktransition.com/adam

🌐 The Transition Strategists - https://www.transitionstrategists.com/

🌐 Your Next Gen Friend - https://yournextgenfriend.com/

🌐 Tiger 21 - Mentioned as a group Andrea's father is part of - ​​https://tiger21.com/

🌐 GoBundance Women - Mastermind group mentioned https://gobundancewomen.com/

Email: adam.hill@eosworldwide.com

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Ever thought about using an Employee Stock Ownership Plan (ESOP) as a way to transition your business?

In this episode, Adam Hill sits down with ESOP expert Kelly Finnell to break down how these plans work, why they’re the best move for some family-owned businesses, and what it really takes to put one in place.

They’ll cover how ESOPs can protect your company’s culture, reward your team, and offer a meaningful path to succession—all while keeping the heart of the business intact.

0:00 Intro

5:37 Kelly's journey as an ESOP pioneer

19:22 Tax benefits and "losers" in ESOP transactions

25:52 Minimum requirements for ESOP candidates

31:43 ESOPs in different industries and cultures

36:32 Governance structures in ESOP companies

40:11 The concept of compassionate capitalism

43:42 How owners can prepare for ESOPs

Resources Mentioned:

The ESOP Coach by Kelly Finnell

EFS ESOP Consultants

Email: adam.hill@eosworldwide.com

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Join Adam Hill in exploring the journey of Andrew Cohen as he navigates the ownership transition of Moosylvania, the legendary advertising agency his father started. Andrew candidly shares the challenges of taking the reins, the dynamics of working alongside his father, and how his leadership role has unfolded over time.

Discover how Andrew is embracing creativity in the face of AI advancements (including their innovative brainstorming tool, Collabsurdity!) and gain insights into balancing family ties with business responsibilities and the future of advertising.

0:00 Intro

5:24 Childhood dynamics and parental relationships

16:30 Integrating into the family business

23:53 Ownership transition and gifting challenges

30:32 Finding clarity in family business roles

37:47 Advice for succession planning

40:08 Legacy and vision for Moosylvania's future

45:02 Current state and future of Moosylvania

48:52 Closing thoughts on family business resources

Resources Mentioned:

Moosylvania

Andrew Cohen's LinkedIn profile

Email: adam.hill@eosworldwide.com

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LinkedIn: https://www.linkedin.com/in/adamchill

Adam and Marie Hill explore the intricate dance of balancing love and business. From setting boundaries to fostering open communication, the Hills offer insights into creating a supportive environment that nurtures both personal and professional growth.

They share personal stories and practical strategies for maintaining a thriving partnership while managing separate businesses. Tune in and discover how to transform your relationship into a powerhouse of collaboration and success.

0:00 Intro

5:52 Balancing relationship and business challenges

11:42 Respecting boundaries and celebrating "no"

16:24 Supporting each other through entrepreneurial ups and downs

22:00 The danger of trying to control your partner

27:25 Improving communication and honesty over time

33:38 Daily practices to strengthen the relationship

39:48 Having grace and patience

Resources Mentioned:

📚 The Four Agreements by Don Miguel Ruiz

Email: adam.hill@eosworldwide.com

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Join Adam Hill as he chats with Joey Goone, president of Utopia Experience, about the dynamic journey of running a legacy business.

Explore how his events company evolved–especially during a time when in-person events ground to a sudden halt!–and learn about Joey's core value of leading with love.

Joey shares his unique approach to leadership, emphasizing positivity and personal growth. This episode offers insights into creating impactful events and navigating the future of family businesses with openness and adaptability.

0:00 Intro

5:37 Staying present through mindfulness practices

11:31 Cultivating skills through courage and curiosity

18:55 Pivotal moment at Front Row Summit

24:16 Helping nonprofits raise $50 million during COVID

29:36 Building Utopia Experience from the ground up

34:31 Creating psychological safety at conferences

38:04 Embracing love as a core value

45:44 Approaching business like a video game

49:38 Permission to not have all the answers

Resources Mentioned:

📚 Mindset by Dr. Carol Dweck

📚 The Miracle Morning by Hal Elrod

📚 Mr. Thank You by John Israel

Utopia Experience

LinkedIn profile of Joey Goone

Email: adam.hill@eosworldwide.com

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Unlock the key to success in family businesses by mastering the balance between Vision and Execution.

Host Adam Hill dives into the classic “chicken or egg” debate—what truly comes first (and why does it matter)?

Get ready for a fresh perspective that challenges conventional wisdom, helping your family business break through stagnation, build a future-focused vision, and honor its legacy.

0:00 Intro

1:03 Vision vs execution in business

5:06 Execution should precede vision

10:12 Building trust through systematic execution

15:18 Execution's role in family businesses

20:28 Implementing weekly meetings for accountability

Email: adam.hill@eosworldwide.com

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Sign up for my newsletter and get my free Vision/Reflection Retreat Guide: https://adamchill.ck.page/vision-reflection

- IG: @theadamchill

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Discover how strategic planning can elevate your business's worth and ensure a smooth transition–unlike a shocking 70% of business owners who try to sell but can’t!

Explore the transformative journey of exit planning with Renee Russo, an expert in creating business value and personal energy management. Renee shares her insights on balancing leadership with self-prioritization, emphasizing the importance of personal well-being in achieving professional success.

Tune in to learn practical steps to manage your energy and reconnect with your true self, setting the stage for both personal and business growth!

0:00 Intro

5:05 Startling statistics about business exits

11:41 The 90-day rhythm in business and life

16:50 Renee's personal story of loss

24:08 The turning point: Saving a life on Christmas

28:57 Exit planning for family businesses

33:16 Five stages of value maturity in business

41:01 Writing "Ready to Rise" as therapy

46:53 Energy management as key to personal freedom

54:55 Simple first steps to start managing energy

58:24 How to connect with Renee

Resources Mentioned:

Book: Ready to Rise by Renee Russo

https://riseupbc.com/

Renee’s Linkedin

Follow Adam:

Sign up for my newsletter and get my free Vision/Reflection Retreat Guide

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Email: adam.hill@eosworldwide.com

Explore the transformative power of separating Visionary and Integrator roles in family businesses with host Adam Hill. Discover how this strategic division can prevent burnout, enhance accountability, and drive sustainable growth.

Drawing from personal experiences and proven business frameworks, Adam offers actionable insights to help leaders assess their strengths and implement effective role separation.

Whether you're looking to improve leadership dynamics or prepare for a smooth transition, this episode provides the guidance you need to elevate your business!

0:00 Intro

0:56 The most important relationship in family business

5:43 Misconceptions about the CEO role

9:04 The "time card" culture

14:26 Importance of core focus and preventing distractions

18:30 Letting go of control as a founder

22:35 Implementing the Visionary-Integrator relationship

26:39 Giving authority to the Integrator

29:42 Closing thoughts

Resources Mentioned:

adam.hill@eosworldwide.com

Follow Adam:

Sign up for my newsletter and get my free Vision/Reflection Retreat Guide: https://adamchill.ck.page/vision-refl...

IG: @theadamchill

YouTube: @adamchill

TikTok: @theadamchill