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The differences and universalities of a family business


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A family business involves different emotions between coworkers and potentially a different kind of teamwork. In this episode, MDRT members discuss the benefits and challenges of this type of practice, and the importance of paying attention to the goals and perspectives of non-related staff as well.

You’ll hear from:
Adam Blumberg, CLU, CFP
Matthew Joseph Murphy, EPC
Ana Sofia Rodriguez, MBA

Episode breakdown:
0:28 – The extra layer of feelings with family
0:54 – Showing non-related staff there are still opportunities for growth
1:56 – What it was like to be a non-family member in a family business
3:43 – Envisioning when parents/mentors/colleagues retire
6:10 – The structural lessons provided by family companies
8:11 – Making non-related partners collaborate like family

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