41: Enabling Next Generation Legacies

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Introduction

Welcome to Let’s Talk Family Enterprise, a podcast that explores the ideas, concepts and models that best serve Family Enterprise Advisors in supporting their clients.

All views, information and opinions expressed during this podcast are solely those of the individuals involved and do not necessarily represent those of Family Enterprise Canada.

Description

Host Steve Legler speaks with Professor Peter Jaskiewicz about the book, Enabling Next Generation Legacies: 35 Questions that Next Generation Members in Enterprising Families Ask.

They discuss the fact that the rising generation in many family enterprises gets neglected for too long, even though they are the ones who are the key to sustaining the family's legacy. They also talk about ways that FEAs can use the book when working with family clients to help initiate important family discussions.

Guest bio

Peter Jaskiewicz

Professor Peter Jaskiewicz is the University Research Chair in Enduring Entrepreneurship at the Telfer School of Management at the University of Ottawa. He conducts quantitative and qualitative research on entrepreneurship and family business. His current research focuses on antecedents of transgenerational entrepreneurship and corporate reputation in family and founder firms. He is also an Advisory Board member at Venture for Canada.

You can find out more about Peter on the Telfer School of Management at the University of Ottawa website and follow him on Twitter @peterjask.

Key Takeaways

[0:26] Steve Legler, your host for this episode, welcomes Peter Jaskiewicz and asks him to share a little bit about how he constructed his latest book.

[4:08] Peter shares what four categories came to the fore when organizing the questions next-generation members had submitted for the book.

[7:30] From 35 questions to more than 35 answers, Peter shares the process of getting academics and Laypeople to participate in the book.

[9:58] Peter explains how this book can best be used by advisors and why it helps to normalize questions.

[16:05] The independent third party is one way of introducing and tackling tough subjects, Peter shares an anonymous example.

[19:44] Peter speaks on what legacy means and how his work touches on the relationships between founders and next generations and the process of rejuvenation.

[23:49] Peter touches on the primary focus of the Family Enterprise Legacy Institute.

[26:00] The feedback for the book is threefold. Peter explains how endorsements drive positive results. He shares what question from the book he found most interesting.

[30:24] Peter shares his book recommendations as well as his one piece of advice from an advisor to other advisors.

[33:30] Steve thanks Peter for coming on the show to share so much of his expertise with the audience.

If you enjoyed today’s episode, you can subscribe to Let’s Talk Family Enterprise on Spotify, Apple Podcasts, or other podcast app. Please remember to share this episode with family, friends, and colleagues. Share your thoughts with us at fea@familyenterprise.ca.

Mentioned in this episode

The Let’s Talk Family Enterprise podcast is brought to you by Family Enterprise Canada.

Enabling Next Generation Legacies: 35 Questions that Next Generation Members in Enterprising Families Ask, by Peter Jaskiewicz and Sabine Rau

Family Enterprise Legacy Institute

Peter’s reading recommendations:

Hector and the Search for Happiness, by François Lelord

More about Family Enterprise Canada

Family Enterprise Canada (FEC)

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