Unlocking the Potential of the Next Generation with Rebecca Finley-Schidlowsky

Does your family business have the appropriate ecosystem to contribute each unique skill effectively?Join us as we explore the importance of engaging the next generation in family businesses with Rebecca Finley-Schidlowsky. Rebecca is a strategy, governance, and leadership development specialist for family offices and companies across North America. She has identified three main groups of next gens - young kids (0-11 yrs old), teens (12-16 yrs old), and young adults (17-35 yrs old). She will explore topics such as teaching them how to run an effective meeting, communication, transparency, social media policies and ESG initiatives, financial literacy, philanthropy, networking outside their family, trust with their peers, and setting up a shadow board. We will also learn about the importance of exposing the next generations to various learning opportunities to foster their identity and education around leadership.Tune into this episode to gain insights into engaging the next generation in family businesses![00:31 - 08:19] Opening SegmentIntroducing Rebecca to the showNext Gen is a term used to refer to anyone 40 years old or youngerRebecca divides Next Gen into three buckets: young kids (0-11), teens (12-16), and young adults (17-35)There is a challenge with the middle group of 35-65-year-olds who should be stepping into leadership positions but are held back by the generation above them[08:20 - 20:34] Engaging Next Gens in Leadership and PhilanthropyNext Gens need guidance and assistance to carve out space for their own identity outside of the familyFinancial literacy is often lacking, and investment councils can help teach thisShadow boards comprised of solely next gens are becoming more popular to advise family companiesNext Gens are passionate about ESG initiatives and have a huge thirst to learn[20:35 - 30:31] How to Foster Engagement and Learning Within the Next GenerationOlder generations should ask the next-gen what they are interested in doingStarting young is crucial; families should be intentional about retreats, in-person activities, meetings, etc.Family history research can help connect families and build interactive family trees[30:32 - 33:00] Closing SegmentConnect with Rebecca through the links belowQuotes:"Even though you're born into a place of privilege, these Next Gens have a lot of anxiety, especially about thinking that they can't fill the shoes of the people that have come before them." - Rebecca Finley-SchidlowskyConnect with Rebecca!Email: [email protected] Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.