Following on from last month's panel from Kennesaw State's Family Enterprise Center, Adam returns to have a conversation with Andrea Carpenter of The Transition Strategists. And this time they get practical: how to take a pulse on your life in the family company, the three questions every family member should keep asking, the headlines exercise that opened the door to Adam's own transition, and a LinkedIn story from a former CEO that shows the cost of an abrupt exit.

Episode links

• Andrea Carpenter: https://www.linkedin.com/in/andreakcarpenter/
• Your Next Gen Friend Podcast: https://open.spotify.com/episode/6QTytzkOKwGIEaOGRI5fec?si=fiANnFm_Sty0Ff78tgjnQA
• The Transition Strategists: https://transitionstrategists.com/

21C Links

• Twenty One Clear website: https://www.21clear.com
• Adam Hatcher on LinkedIn: https://www.linkedin.com/in/adamhatcher
• Subscribe to the Twenty One Clear newsletter: https://21clear.substack.com/

Bumper Music
Still Hot by Nic D, Connor Price | (c) Lossless, 2023

Episode Produced By
https://snapmarket.co

Chapters
[00:00] Welcome and Recap — Following up on Episode 11's Kennesaw State panel
[02:00] My Thirteen Years and Why "General" Titles Drift
[04:30] The Two Roots: Open Dialogue and Twenty Years of Family Meetings
[07:00] If You've Never Held a Family Meeting, Start Here
[09:30] Opening the Door When You're the Next Generation
[12:00] "Build a Great Company With a Strong Family" — The Opening Line
[14:30] Andrea on Who Starts the Conversation
[17:00] The Three Questions Every Family Member Should Ask
[20:00] Engagement Isn't Automatic — Reward, Recognition, and Development
[23:00] Andrea's Objectives Matrix and Defining Your Deal Breakers
[25:30] The Headlines Exercise: How I Stepped Out of My Roles
[28:00] Pete's Story From LinkedIn — The Cost of an Abrupt Exit
[29:30] Closing — How to Keep Thinking About Your Inner Family Business