Leveraging the Power of an Advisory Board for Family Business

The Secret Thoughts of CEO's Podcast

Dr. Stacy Feiner is an accomplished psychologist, business leader, innovator, author, and mom. She advises private and family-owned businesses with a pro-growth, pro-health approach that ensures leaders solve emotionally charged situations, move forward, and increase enterprise value and family connection.

Curious about people and culture, Stacy has lived in 8 US cities and traveled through 9 countries. A Doctor of Psychology (PsyD), Stacy is an expert at helping complex people systems shape their desired future. Her inclusive perspective creates a competitive advantage in a world that accepts average.

Before focusing on private enterprise, Stacy served as an executive at Merrill Lynch, coaching financial advisors to scale their practices and stay confident during volatile markets, getting licensed Series 7 herself. As an HR executive at KeyBank, Stacy helped complete a billion dollar sell-side transaction, and at BDO USA, Stacy advised family businesses in all stages seeking to achieve success in all their ventures and family branches.

Dr. Feiner founded her own firm to bring a new lens that accelerates growth of privately-owned companies.

Stacy published her first book, Talent Mindset, in 2015, and co-authored the bestselling, The Sixth Level, in 2023, used by universities, businesses, and nonprofits.

What You’ll Learn

● Why advisors are so important in a business.

● Which kinds of boards to choose for a business.

● The importance of transparent and authentic conversations.

Timestamps

· [05:37] Why businesses need advisors.

· [12:44] Dr Feiner’s advice on building an advisory board.

· [18:01] Creating transparency and authenticity.

· [26:47] Fiduciary boards vs advisory boards.

· [38:12] Family councils.

· [45:10] Advice to reluctant business owners.

Memorable Quotes

· “Every business problem that you have is solvable.” – Dr Stacy Feiner [24:26]

· “Growth is fun.” – Dr Stacy Feiner [46:40]

Websites

fambizforum.com.

www.stacyfeiner.com.

www.linkedin.com/in/stacyfeiner.