How Can You Spin Off Your Family Business?

Listen to Jason Frohlich’s strategies for creating a spin-off of a family business.

What advice would I have for other next gens who want to spin-off the family business? I would say, again, have a clear strategy, surround yourself by people that can bring a lot of value and just have the guts to defend your ideas and also accept the fact that you may be put into a positon where your boss or your father will speak to you in a way that would be, not unprofessional but maybe a little bit aggressive, because you have that sort of relationship. So I had to sometimes cope with situations where, in any other situation I would not have allowed my boss to talk to me like that , so accept the fact that he’ll challenge you, he or she will challenge you, be very direct, may even bring up some personal circumstances that are not really relevant to the conversation, but definitely have the guts to stand up for what you feel would be a great initiative or venture that would help the company, and also have other people back you up, other people that are not just your friends but are professionals, that understand a little bit your vision, that share your point of view and that you can bring to a round table discussion to support your ideas.