{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Inside BS Show","title":"Family Business Governance: The Three Rules Every Business Family Must Follow | 796","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/5d057cdf\"></iframe>","width":"100%","height":180,"duration":578,"description":" \"The family dynamic can either destroy your business or make it a joy to run. Governance is what tips the scale.\" - Dave Lorenzo\n\nRunning a business with family members can be fulfilling—or a complete disaster. In this episode, Dave Lorenzo outlines the three foundational pillars of governance every family business needs to survive and thrive.\n\nKey Topics Discussed:\nDecision-Making StructureWhy you need a family business charter\nHow to assign decision-making authority based on dollar thresholds\nVoting rights vs. voice in board discussions\nUsing the U.S. Constitution as a metaphor for governance\nDefined Roles and AccountabilityCreating job descriptions for every role—including family members\nAvoiding entitlement and protecting your top non-family talent\nMinimum expectations and performance standards\nSuccession and Continuity PlanningBuilding succession into every performance review\nThe difference between permanent succession and temporary continuity\nMaking sure someone is always ready to step in\nLinks and Resources:\nSubscribe for Daily Business Growth Tips: GetInsideBS.com\nWatch on YouTube: Inside BS Show on YouTube\nListen on Spotify: Inside BS Show on Spotify\nListen on Apple Podcasts: Inside BS Show on Apple\nCall Us: (305) 692-5531\nCall to Action:\nRunning a family business doesn’t have to mean drama and dysfunction. Implement these three rules of governance and build a company that lasts for generations.\n Subscribe now and join Dave tomorrow at 6 a.m. for another episode of The Inside BS Show.","thumbnail_url":"https://img.transistorcdn.com/PiZj2Jvm0A50__OqC5DH07qJG7fmMYBgHzZdsz2P7co/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83ZDIx/MjEwZDNiZDMwN2Uw/YzJiNjE0ZTNkMmFm/ODZlOC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}