Croke Fairchild Duarte & Beres Partner Robin Letchinger recently interviewed Charlie Luck, President and CEO of the Luck Companies, on the most recent episode of the Family Business Leadership Podcast.
In the interview, Charlie discusses several important topics, including what it is like to run a family-owned business, how to identify your company’s core values, how to foster a workplace culture that encourages and reinforces those values, and how to remain flexible while staying committed to what truly matters.
From the episode, Robin identifies some key takeaways for family business owners:
- A strong company culture is formed when everyone knows what is prioritized. Take time to clearly identify your core values and make them the foundation of your business.
- Encourage board members, employees, and other team members to share these values and practice them daily. Conduct frequent assessments and other reviews to reinforce these priorities.
- Change is inevitable in any company, but ensure that it is the strategies that change, not the entire culture. Foster a positive company culture to keep your organization strong for generations to come.
Listen to the full episode here.
Want to learn more about what you can do today to make sure your family business stays on track? Learn more about Croke Fairchild Duarte & Beres’ Family Enterprise practice here.