{"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 LorenzoRunning 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.Key Topics Discussed:Decision-Making StructureWhy you need a family business charterHow to assign decision-making authority based on dollar thresholdsVoting rights vs. voice in board discussionsUsing the U.S. Constitution as a metaphor for governanceDefined Roles and AccountabilityCreating job descriptions for every role—including family membersAvoiding entitlement and protecting your top non-family talentMinimum expectations and performance standardsSuccession and Continuity PlanningBuilding succession into every performance reviewThe difference between permanent succession and temporary continuityMaking sure someone is always ready to step inLinks and Resources:Subscribe for Daily Business Growth Tips: GetInsideBS.comWatch on YouTube: Inside BS Show on YouTubeListen on Spotify: Inside BS Show on SpotifyListen on Apple Podcasts: Inside BS Show on AppleCall Us: (305) 692-5531Call to Action:Running 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. 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}