177: From Legacy to Liquidity: Selling a Multigenerational Business - Christin McClave

Christin Cardone McClave knows firsthand the complexities of leading and selling a multigenerational family business.

Host Laurie Barkman talks with Christin about her journey of navigating leadership roles at her family’s third-generation business, CARDONE Industries. During her tenure as Chief People Officer and COO, she helped the company reach an impressive $1B revenue milestone. In May 2019, she played a pivotal role in the successful sale of CARDONE Industries to a leading global private equity firm.

With extensive experience spanning Johnson & Johnson, family governance, and business strategy, Christin offers actionable insights into the emotional and strategic aspects of selling a family business. This episode delves into her process, including overcoming challenges, embracing transitions, and building a fulfilling work-life outside of the family business.

In addition to serving as a distinguished family business strategist, public speaker, and seasoned board member, Christin is also a “spousepreneur,” co-leading OrangeStar Ventures with her husband, managing diverse businesses and investments. Her passion for leadership, governance, and mentorship is evident through her work with organizations like World Vision USA and the PRAXIS Labs accelerator program.

Takeaways:
~ Selling a family business is an emotional journey—coaches and mentors can be invaluable in navigating this process.
~ Building a legacy beyond the family business is possible through vision, resilience, and governance.
~ Preparing for a sale requires careful consideration of employees, business debt, estate planning, and family dynamics.
~ A non-family executive team can bring fresh perspectives to family-owned enterprises.

Quote of the Show:
“Life beyond the family business is possible when you own your choices and focus on building a vision for what’s next.” - Christin McClave

Connect with Christin:

https://www.linkedin.com/in/christinmcclave/

www.orangestarventures.com

 

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