88. Aligning Spouses in Business Transition Planning

Your Business Your Life

Have you ever considered how the dynamics between spouses can influence the success of a family business?

Whether directly involved or not, understanding each spouse’s impact on the business is crucial for harmony and prosperity.

In this episode, Matt DiFrancesco discusses the critical role of spousal involvement in business planning and transition. He also shares personal stories from his consulting experience, highlighting the benefits and challenges of aligning spouses in life and business.

Matt also talks about:

(01:20) How inclusive discussions can help resolve conflicts in family businesses

(03:15) The impact of business decisions on personal life

(04:21) How involving the spouse in business planning creates more unity in the family

(05:05) The importance of aligning spouses with their personal vision

(06:53) The benefits of external mediation in family businesses

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DiFrancesco Financial Concierge, LLC, d/b/a High Lift Financial is a Pennsylvania-registered Investment Advisor and may conduct investment advisory services in states where it is registered, exempt, or excluded from registration. The content provided herein or on our website should not be construed as an offer for investment advice or for securities, insurance, or other investment products. Investments involve the risk of loss and are not guaranteed. Consult a qualified legal, tax, accounting, or financial professional before implementing any investments or strategy discussed here.