The Challenges of Having a Family Business
May 11, 2012
Hosted by Randy Rolfe, JD, MA, Bestselling author, family therapist, and wellness educator
Even before this recession, start-ups of family businesses were at an all time high. Now in this economy when many are being downsized from corporate jobs, more families are considering becoming entrepreneurs and starting their own businesses. Meanwhile, some families who have been operating family-owned businesses are finding the impact of the slump too much for their business to survive and are facing tough decisions. America was built on the entrepreneurial spirit and family businesses. Yet the challenges of building and running a business with family members have always been daunting. And the decisions about growth, selling, or passing on a family business always carry extra emotion. My guest this week on Family First has decades of experience with exactly these kinds of relationships. With expertise in both family counseling and business coaching, Marie Maguire will share the pitfalls and benefits of family businesses and ways to minimize the stress and maximize the rewards.
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On Family First, you’ll hear about all aspects of family life. What could be more important than your family’s health and relationships? Our show will bring you experts who can help you find the easiest, most effective, and most fun ways to promote your family’s well-being, whether it’s balancing home and work, your child’s schooling or getting chores done. I’ve handled topics from how teenage moms can still have a future to how the family of Terry Nichols could deal with the Oklahoma City Bombing. But the main focus of Family First is on prevention, how the little choices you make each day have the biggest effects. Whether it’s raising tough issues with your partner, handling an angry child, getting health or financial advice, getting your child to eat better, losing weight or finding fun ways to relax, this is the place to come for a helping hand.
Randy Rolfe, JD, MA, Bestselling author, family therapist, and wellness educator
My focus on family began in the fifth grade, when my mother suggested I do a study of the American family for my history class. I received the top academic prize at the Shipley School and was elected Phi Beta Kappa at the University of Pennsylvania. By age 20, I had traveled to 29 countries and was convinced that world peace begins with the family. I studied law at Villanova Law School to learn how society serves families, served on the Law Review Board, and joined a top Philadelphia firm where I was the first woman attorney ever hired. From the beginning, my husband and I put family first and when we had our own children, I was inspired to write my first book on family: You Can Postpone Anything But Love. I founded the Institute for Creative Solutions to serve families, and I soon became a popular TV and radio personality, “One of the best guests ever,” according to Geraldo Rivera. Other books include: Adult Children Raising Children; The Affirmations Book for Sharing (written with my husband John); The Seven Secrets of Successful Parents; and The Four Temperaments. The books led me to public speaking as far away as Russia. In my family therapy practice I included wellness counseling. I also earned a Masters degree in theology from Villanova University. For my volunteer work, I received the Chapel of the Four Chaplain’s Legion of Honor. Whether spiritual, practical, health or school-related, or financial, I know my expert guests can help you have a great family life!