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Published by Russ Haworth
The podcast dedicated to Family Business. Working with your family can be both rewarding and challenging and this podcast provides you with practical tips and guidance on how to tackle some of these challenges. Check out the series on Governance, Succession, Family Dynamics and Family Business Theory. Each week we will explore the uniqueness of family businesses and provide you with the tools to help your business thrive.
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Living Your Values With Dr Dennis Jaffe and Dr Cynthia Scott What if your family's values are not the tidy list on the wall, but something far messier and far more powerful? In this episode, Russ sits down with Dr Dennis Jaffe and Dr Cynthia Scott, married co-authors of Living Your Values , the follow-up to their groundbreaking 1993 work on values in families and organisations. Between them they bring decades of research into resilience, culture change, and what actually holds hundred-year family businesses together. The conversation gets straight to the point Dennis and Cynthia have built their careers on: values are not words, they are actions. A word like "respect" or "integrity" on a poster tells you nothing until someone can point to a story that shows what it actually looks like in practice. Highlights include: Why Dennis's research into hundred-year, multi-generational family businesses found one answer, far above any other, for what kept them together The difference between legacy values, current values, espoused values and aspirational values, and why families so often confuse them Why picking five values "out of a hat" is the least effective route any family or organisation can take The personal values pyramid: why understanding your own values has to come before a family can agree on shared ones How storytelling, not word lists, is what makes values genuinely stick across generations Why healthy families do not need identical values, and how diversity within a family can be a source of strength rather than division What it really means to be a "values champion", and why that question produces far richer conversations than simply asking "what are our values?" This is a conversation about doing the harder, more honest work of turning belief into behaviour, and why that work never really finishes. Links Get the book: Living Your Values: Connecting Personal, Family, and Organizational Values to Build Purpose and Clarity Learn more about Russ and The Family Business Partnership: familybusinesspartnership.com
We're Back A short one from Russ It's been about nine or ten months since the last episode, and Russ is putting his hand up to that. No excuses, just a quick reintroduction to let you know the Family Business Podcast is coming back. In this brief trailer episode, Russ shares: A candid acknowledgement of the gap, and why now felt like the right time to restart The plan going forward: a new episode roughly every couple of weeks A preview of what's coming, starting with an interview with Dr Dennis Jaffe and Dr Cynthia Scott, authors of Living Your Values A request: if you haven't already, hit subscribe and leave a five-star review. It genuinely helps the show reach more families who need it Short and sweet this one. The proper conversations start again very soon. Links Learn more about Russ and The Family Business Partnership: familybusinesspartnership.com
A Conversation with Jay Hughes and Martin Stepek This episode is one of the most profound and far-reaching conversations we have ever shared on The Family Business Podcast. Joined by the legendary James E. Hughes Jr. and my colleague Martin Stepek, we explore the idea that wealth, at its deepest level, has always meant wellbeing, and that wellbeing itself is a powerful form of wealth. What follows is a conversation that ranges widely yet remains grounded and practical. We delve into the origins of the word wealth, the anthropology of thriving families, the nature of aspiration and spiritual capital, and the lived realities of generational transition. Jay brings six decades of experience advising families worldwide, while Martin offers a deeply personal perspective from growing up in a complex multigenerational enterprise. Together, the conversation becomes a rare blend of wisdom, honesty, and humanity. Across the hour, we discuss themes that lie at the heart of flourishing family enterprises: • Why the original meaning of wealth still matters today • How families can create environments where wellbeing is treated as a core asset • The importance of joint decision-making and the shift required when a founder’s energy becomes a family system • The five capitals and why financial capital is the least powerful without the others • Welcoming, lineage, and the conditions that encourage rising generations to stay engaged • How families can cultivate a culture of care, curiosity, and responsibility • Why plays, not plans, may offer a better way to think about the future This conversation is not technical. It is not formulaic. It is an exploration of what it means for families to thrive across generations, delivered with clarity, compassion, and occasionally breathtaking insight. If you advise families, lead a family enterprise, or are part of one, this episode offers a chance to step back and reflect on the deeper forces that shape continuity, connection, and fulfilment. It is a reminder that family enterprise is, at its essence, a human endeavour. A must-listen for anyone seeking to understand the true nature of wealth and the foundations of long-term family flourishing.
Summary In this episode of the show I bring together what we have covered in the series so far. We further explore the concept of Empowered Ownership, emphasising its distinction from authority and the importance of clarity in decision-making. It highlights how aligned ownership can lead to successful governance and family relationships, while misaligned ownership poses risks to continuity. Ownership Masterclass On the 2nd December I am hosting an online Masterclass exploring the topic of Empowered Ownership in which we'll cover the key aspects discussed in this series in greater depth with the opportunity to ask questions. By the end of the session, you’ll leave with: A Pre-Gift Conversation Checklist – what to discuss, and what’s too important to skip A clear conversation model to bring structure and confidence to potentially awkward discussions Language and framing tools that keep dialogue constructive, not confrontational A method to align expectations across generations without creating false harmony Confidence that your family is genuinely on the same page Sign up for the Masterclass here: https://www.bhavana.familybusinesspartnership.com/p/Ownership Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now
Summary In this episode, Russ Haworth discusses the importance of ownership in business strategy and the need for clear roles and alignment among owners. He emphasizes the significance of preparing future generations for ownership and ensuring healthy relationships with management teams. Links The Four Room Model - https://banyan.global/spotlight/the-four-room-model/ Episode with John Davis discussing The Three Circle Model - https://fambizpodcast.com/episode43/ Assessment - https://familybusinessassessment.scoreapp.com Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now Mentioned in this episode: The Path If you would like to find out more about the Guided and Self-Guided versions of The Path, please head to https://familybusinesspartnership.com/thepath
Summary In this conversation, Russ Haworth explores the intricate relationship between family values and the underlying needs that drive them. He emphasises that when families disagree over values, they are often expressing unmet or conflicting needs. For instance, valuing loyalty may indicate a need for security, while valuing freedom may reflect a desire for autonomy. This understanding can transform family dynamics and improve communication. Takeaways When you say you value loyalty, you're expressing a need for security. Valuing freedom indicates a need for autonomy. Disagreements over values often stem from unmet needs. A founder's value of hard work may hide a need for control. Next-gen family members may value creativity for self-expression. Understanding these needs can change family conversations. Neither perspective is wrong; they reflect different positions. Values are often a reflection of deeper needs. Communication improves when we understand underlying needs. Recognising generational differences can enhance family dynamics. Article Links Matt Wesley Dennis Jaffe Assessment and Blog Links Assessment Blog Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now Mentioned in this episode: The Path If you would like to find out more about the Guided and Self-Guided versions of The Path, please head to https://familybusinesspartnership.com/thepath
Summary In this conversation, Russ Haworth discusses the complexities of shared ownership in family businesses, emphasising the importance of individual fulfillment and the need for a collective vision that respects diverse goals. He highlights that alignment in ownership does not require uniformity, but rather a common understanding of how the business can support each family member's aspirations. Takeaways Families often feel pressured to have the same dreams or goals. Alignment in ownership does not mean identical understanding. Respecting individual fulfilment is crucial for collective success. A clear ownership vision helps guide family businesses. Finding common ground is essential for effective collaboration. Individual aspirations can contribute to a stronger collective vision. Legacy creation is a key aspect of shared ownership. Honest conversations about fulfillment lead to better outcomes. Diversity in goals can enhance business support. Shared ownership requires ongoing dialogue and understanding. Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now To join our Ownership Masterclass - Register here: https://www.bhavana.familybusinesspartnership.com/p/Ownership Mentioned in this episode: The Path If you would like to find out more about the Guided and Self-Guided versions of The Path, please head to https://familybusinesspartnership.com/thepath
Summary In this episode of the Family Business Podcast, Russ Haworth delves into the concept of empowered ownership, emphasising its significance as a foundational principle for family businesses. He discusses the rights, roles, and responsibilities that come with ownership, and how clarity in these areas can lead to more constructive conversations and better decision-making within families. The episode encourages families to explore their understanding of ownership and its implications for their business and personal fulfilment. Takeaways Empowered ownership is about understanding rights, roles, and responsibilities. Clarity in ownership leads to constructive conversations. Ownership discussions should happen proactively, not just at transition points. Understanding ownership can alleviate feelings of burden and overwhelm. Fulfillment is a key measure of success in family business ownership. Ownership is often an outcome of passion, not the original goal. Families should explore what ownership means to them collectively. Empowered ownership fosters strategic decision-making and stability. Conversations about ownership can unlock significant value for families. Reflecting on ownership can lead to a more fulfilling family business experience. Chapters 00:00 Introduction to Empowered Ownership 01:27 Understanding Empowered Ownership 05:31 The Importance of Clarity in Ownership 08:12 Challenges of Discussing Ownership 11:26 Exploring Ownership in Family Business 15:42 The Role of Fulfilment in Ownership 17:36 Conclusion and Next Steps Support the Show The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing. www.fambizpodcast.com/support Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now Mentioned in this episode: The Path If you would like to find out more about the Guided and Self-Guided versions of The Path, please head to https://familybusinesspartnership.com/thepath
Summary In this episode, Russ Haworth introduces a new direction for the Family Business podcast, focusing on real conversations with families rather than interviews with external guests. He emphasizes the importance of relationships, responsibilities, and legacy in family businesses, advocating for a flourishing life both personally and professionally. The episode outlines the three pillars of mindset, behaviour, and knowledge, and introduces The Ten Principles of Flourishing that will be explored in future episodes, starting with empowered ownership. Chapters 02:58 Shifting Focus: From Interviews to Real Conversations 04:44 The Concept of Flourishing in Family Business 07:45 Mindset, Behaviour, and Knowledge: The Three Pillars 10:18 Introducing the 10 Principles of Flourishing 15:43 Deep Dive into Empowered Ownership and Future Topics You can access the Assessment here Mentioned in this episode: The Path If you would like to find out more about the Guided and Self-Guided versions of The Path, please head to https://familybusinesspartnership.com/thepath
In this episode of The Family Business Podcast , we explore two closely connected ideas from the Eightfold Path: Right Mindfulness and Right Concentration — or what we might now call focus. Mindfulness, when taught well, is a powerful three-part skill: notice, pause, change . It allows us to catch unhelpful thoughts or reactions before they spiral, giving us the space to shift into a wiser frame of mind. But Martin also highlights a crucial point — mindfulness isn’t just about being aware. It’s about being aware skilfully . Alongside this is the practice of Right Concentration — the ability to hold your attention where it matters, without being pulled off course by distraction, fatigue, or emotion. Together, these two skills help us stay steady — whether we're in a boardroom, around the dinner table, or navigating life’s daily ups and downs. In a world of constant interruption and overstimulation, this conversation is a grounding one — especially for those in family businesses, where clarity of mind can be the difference between reactivity and wise leadership. Key Topics: Why mindfulness is more than just “being present” The three-step method: Notice, Pause, Change How to stay focused in a world full of noise The difference between casual awareness and skilful attention Practical tools to reduce mental clutter and strengthen concentration Want to explore this further? The Path is a mindfulness-based programme designed specifically for those in or advising family businesses. It offers practical guidance grounded in ancient wisdom, helping you build clarity, resilience, and better decision-making. Learn more at https://familybusinesspartnership.com/thepath/
In this episode of The Family Business Podcast , we take a closer look at Right Effort — a reminder that meaningful change doesn’t happen by chance, and it doesn’t happen overnight. Drawing from the Buddhist tradition, Martin explains that the word “Right” here means skilful . Skilful effort is steady, thoughtful, and sustainable. It isn’t about perfection or pushing yourself to exhaustion — but nor is it about giving up when things get hard. Changing the way we think, respond, and behave — especially in the face of stress, family dynamics, or business pressures — takes practice. And that practice requires a particular kind of energy: one rooted in care, persistence, and balance. This episode is especially useful for those who feel they’re “trying” to live or lead differently but aren’t seeing instant results. It’s a reminder that the path to clarity, kindness, and effectiveness is built one step — and one skilful effort — at a time. Key Topics: What “Right Effort” really means — and why it’s not about striving How to avoid burnout while still committing to meaningful change Why mindfulness requires consistent practice to take root The role of patience, persistence, and balance in both personal growth and leadership Practical guidance for cultivating sustainable effort in work and life Want to explore this further? The Path is our unique mindfulness-based programme designed for those in or advising family businesses. It blends timeless wisdom with practical tools to help you live and lead with clarity and purpose. Find out more at https://familybusinesspartnership.com/thepath/
In this episode of The Family Business Podcast , we explore Right Livelihood — a concept that feels strikingly modern, despite being taught by the Buddha over 2,500 years ago. Today we hear terms like purpose-driven business , CSR , or ESG , but the heart of the idea is timeless: how we make our living matters. Not just in terms of profit, but in terms of integrity, impact, and alignment with our values. Martin reflects on the Buddha’s surprisingly direct teachings to rulers, employers, and workers alike, encouraging them to avoid livelihoods that cause harm, and to pursue work that contributes positively to society. And if we find ourselves in a role that compromises our values? The Buddha advised making amends through good deeds and conscious reflection. For anyone in a family business, this teaching is especially resonant. How we earn, invest, and lead shapes more than just the bottom line, it shapes the legacy we leave behind. Right Livelihood is about asking not just how successful are we? , but what are we actually contributing through our work? To find out more about The Path visit - https://familybusinesspartnership.com/thepath/
In this episode of The Family Business Podcast , we turn our attention to Right Action , one of the eight elements of the Eightfold Path, and a powerful lens through which to view our choices, habits, and impact on others. But what does “Right” really mean? As Martin explains, it's not about being perfect or morally superior. It’s about being skilful . Making choices that are wise, kind, and constructive, even in the face of stress, pressure, or uncertainty. Drawing on the core lessons within the Four Noble Truths, we look at how much of our unhappiness comes not from what happens to us, but from how we respond. And one of the most important responses we can cultivate is through action, what we do, how we do it, and why we do it. This episode is particularly relevant for those working in or with family businesses, where every action, from leadership decisions to daily conversations, can ripple through the whole system. Mindfulness gives us the space to act with clarity, not just urgency. And that can be the difference between reactions that escalate tension, and actions that build trust and understanding. To find out more about The Path visit - https://familybusinesspartnership.com/thepath/
Certainly. Here's a refreshed episode title and updated show notes that reflect the focus on communication while staying true to the content and tone of The Path : 🎧 New Episode Title: "The Lost Art of Listening: Mindful Communication in a Noisy World" Show Notes: In this re-released episode of The Family Business Podcast, we explore how mindfulness can radically improve the way we communicate — at home, at work, and within our families. Drawing on the teachings of the Buddha and the foundational principles of The Path , Martin Stepek introduces two practical and transformative skills: mindful listening and conscious breathing . These are not abstract ideas — they are everyday tools that can prevent unnecessary conflict, deepen trust, and help us respond with thoughtfulness rather than react out of habit. Martin begins by unpacking one of the most overlooked aspects of communication: the tendency to only half-listen. He explains how we often prepare our responses while someone else is still speaking — which means we miss their meaning entirely. With mindfulness, we can train ourselves to truly listen, to pause, and to respond with clarity and care. We also look at the role of the breath, not just as a tool for relaxation, but as a reliable way to regulate emotion in real time. Whether it’s irritation in a meeting or tension at home, using the breath as a mental reset can prevent needless arguments and foster wiser, calmer exchanges. Together, these two skills form the basis of what the Buddhist tradition calls “Right Speech”, communication that is considered, kind, and constructive. In a world of fast replies and constant distraction, they’re more important than ever. If you're interested in taking these ideas further, explore The Path — our practical mindfulness programme designed specifically for those working in or with family-owned businesses. Find out more about The Path here: https://familybusinesspartnership.com/thepath/
Right Intention: Skilful Thinking for a Better Life In this episode, we take a closer look at one of the eight elements of the Eightfold Path — Right Intentions, sometimes called Right Thoughts. The word “Right” here does not mean morally superior or correct in a rigid sense. It is better understood as skilful or wise. This matters because the quality of our thoughts shapes the quality of our lives. Martin and I explore how our automatic thinking often leads to poor decisions, unnecessary stress, and reactive behaviour. By learning to notice and guide our thoughts more skilfully, we can reduce suffering and increase our clarity. This is not about controlling every thought, but about cultivating an approach to thinking that is more deliberate, more compassionate, and more constructive. To learn more about The Path , our unique programme for individuals and families in business, visit: https://familybusinesspartnership.com/thepath/ If you would like to get in touch, you can email me at russ@familybusinesspartnership.com Mentioned in this episode: The Path If you would like to find out more about the Guided and Self-Guided versions of The Path, please head to https://familybusinesspartnership.com/thepath
In this look at the Four Noble Truths, we turn to the most practical element — the path forward. The Fourth Noble Truth teaches that if we want to reduce suffering and build a more peaceful life, we need to develop certain skills. These are not abstract ideas, but habits of mind and behaviour that can be cultivated through deliberate effort. This is what the Buddha’s Eightfold Path offers. Each part of the Eightfold Path begins with the word “Right.” Here, “Right” is best understood as skilful or wise — not moralistic or correct in an absolute sense. These eight areas are: Right Understanding Right Intentions or Thought Right Speech or Communication Right Actions Right Livelihood Right Effort Right Mindfulness Right Concentration or Focus Together, they offer a practical framework for living with greater awareness, integrity and clarity — qualities that matter just as much in business and family life as they do in personal reflection. To learn more about The Path , our unique programme for individuals and families in business, visit: https://familybusinesspartnership.com/thepath/ If you would like to speak with us or ask any questions, feel free to email me at russ@familybusinesspartnership.com Mentioned in this episode: The Path If you would like to find out more about the Guided and Self-Guided versions of The Path, please head to https://familybusinesspartnership.com/thepath
The Third Noble Truth: The End of Suffering In this episode, we continue our series on the Four Noble Truths by exploring the Third — the truth that suffering can end. The Buddha taught that while life involves dissatisfaction and struggle, it does not have to stay that way. When we learn to understand and reduce the “thirsts” — the cravings and aversions that drive our reactions — we begin to create space for peace of mind. This is not about denying life’s challenges, but about changing how we relate to them. Martin and I talk about how we can all develop simple but powerful skills that help us suffer less, even in difficult moments. These teachings are not abstract ideas, but practical tools for daily life — at home, at work, and in our relationships. To learn more about The Path , our unique programme for individuals and families in business, visit: https://familybusinesspartnership.com/thepath/ If you have any questions or would like to speak with us directly, you can email me at russ@familybusinesspartnership.com Mentioned in this episode: The Path If you would like to find out more about the Guided and Self-Guided versions of The Path, please head to https://familybusinesspartnership.com/thepath
The Second Noble Truth: The Cause of Suffering This episode continues our exploration of the Buddha’s core teachings, looking closely at the Second Noble Truth. While the Four Noble Truths and the Eightfold Path are ancient concepts, they remain powerful tools for understanding modern life. The Second Noble Truth teaches that much of our dissatisfaction and suffering comes not just from what happens to us, but from how our minds respond. When life doesn’t go the way we hoped, or when we lose something we value, the mind reacts. The Buddha called these reactions “thirsts” — our cravings for things to be different from how they are. Together, Martin and I discuss how this understanding can help us take a different view of challenges and setbacks. Rather than blaming ourselves or others, we can begin to notice our inner reactions more clearly. That awareness gives us real choice. To learn more about The Path , our unique programme for individuals and families in business, visit: https://familybusinesspartnership.com/thepath/ If you would like to get in touch, you can email me at russ@familybusinesspartnership.com Mentioned in this episode: The Path If you would like to find out more about the Guided and Self-Guided versions of The Path, please head to https://familybusinesspartnership.com/thepath
The Four Noble Truths: Understanding the First Step In this episode, Martin and I begin our exploration of one of the most enduring teachings in mindfulness and Buddhism: The Four Noble Truths. These are not abstract religious ideas, but practical insights into how we might live with greater awareness and less unnecessary suffering. We start with the First Noble Truth. This teaches that life, by its nature, includes dissatisfaction, frustration and, at times, suffering. At first glance, that might not sound too uplifting. But as we explore it together, you’ll see why recognising this truth is actually the beginning of something hopeful and empowering. This conversation offers a fresh way to think about everyday challenges, whether at home, at work or within yourself. To learn more about The Path , our unique programme for individuals and families in business, visit: https://familybusinesspartnership.com/thepath/ If you have questions or would like to connect, you can email me directly at russ@familybusinesspartnership.com Mentioned in this episode: The Path If you would like to find out more about the Guided and Self-Guided versions of The Path, please head to https://familybusinesspartnership.com/thepath
Summary In this episode of the Family Business Podcast, Russ Haworth, Martin Stepek, and Alec Broadhurst discuss the intersection of mindfulness and family business dynamics. They explore personal journeys into mindfulness, the Four Noble Truths, and the Eightfold Path, emphasizing the importance of understanding emotional challenges within family businesses. The conversation highlights the value of mindfulness as a tool for improving family relationships and decision-making processes in business contexts. The hosts also introduce a new program, The Path, designed to help families navigate the complexities of working together. Takeaways Mindfulness can significantly improve family business dynamics. The Four Noble Truths provide a framework for understanding suffering in life. Practicing mindfulness is a lifelong journey that requires effort. Effective communication is crucial in family businesses. Understanding emotional challenges can lead to better decision-making. Mindfulness helps in recognising and managing stress. The Eightfold Path offers practical guidance for living mindfully. Family businesses often face unique challenges that mindfulness can help address. Personal growth through mindfulness can enhance family relationships. The Path program aims to provide tools for navigating family business complexities. Find out more about The Path by heading to https://familybusinesspartnership.com/thepath
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Observed September 15, 2026. Cached outside the daily freshness window; the positions keep the date they were taken on.
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