MMP218: Survive And Thrive In A Family Business
The Meaningful Money Personal Finance Podcast
Pete Matthew
4.9 • 1.7K Ratings
🗓️ 19 July 2017
⏱️ 44 minutes
🧾️ Download transcript
Summary
Over my 20-year career as a financial adviser, I’ve seen lots of people involved with family businesses. Where I am in Cornwall, this is very often in agriculture or fishing, but whatever the industry, it’s fair to say there’s a unique dynamic within family businesses which can be both a blessing and a challenge. I’m joined today by my friend and fellow financial planner Russ Haworth who specialises in advising families that work together, to talk about the particular issues which apply to family businesses.
Transcript
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| 0:00.0 | Hi folks and welcome to the Meaningful Money podcast session number 218. It's an in-betweenisode. |
| 0:05.4 | Woohoo! |
| 0:10.0 | This is the podcast dedicated to helping you put your finances in order. |
| 0:18.3 | My name is Pete Matthew and I'm going to share with you everything you need to know |
| 0:21.6 | and everything you need to do to secure your financial future. I'm here to help you make sense of money. |
| 0:31.4 | Back once again, folks, great to have you with me. |
| 0:38.2 | Over my 20-year career as a financial advisor, I've seen loads of people involved with family |
| 0:43.8 | businesses or working with family. |
| 0:47.5 | Where I'm in Cornwall, this is very often in agriculture, fisheries, but we've got clients |
| 0:52.9 | with family businesses in pretty much every conceivable |
| 0:56.6 | industry. And no matter what the industry, it's fair to say there is a unique dynamic within |
| 1:02.0 | family businesses, which can be both a blessing and a challenge. So I'm joined today by my friend |
| 1:08.1 | and fellow financial planner Russ Hayworth. Now, Russ specializes |
| 1:11.7 | in advising families that work together. And he's coming on the show to talk about the particular |
| 1:16.7 | issues which apply to family businesses. So after that, we're going to look at some reviews that |
| 1:22.3 | have been left as usual, announce to the next session topic. But before any of that, remember, |
| 1:27.1 | this podcast is brought |
| 1:28.1 | to you with the help of Seven Investment Management. They're a firm of investment managers |
| 1:31.9 | based in London, and they specialize in multi-asset investing, which brings institutional investing |
| 1:37.4 | techniques to ordinary people, just like you and me. Seven I am, continue to put their name |
| 1:41.9 | to my show and to my site because they believe in what I'm doing, |
| 1:44.5 | trying to get decent, easy to understand information out to the world. |
... |
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