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Podcast: Alan Weiss's The Uncomfortable Truth®
Episode: Family Business
Description: The old apothegm is that the first generation starts it, the second expands it, and the third ruins it. Probably not so true any more.
It’s not about a mandatory spendthrift or wasteful generation. It’s more about hunger.
I don’t know about you, but I grew up poor, and when I was fired as president of a consulting firm, we had relatively little money in the bank and two small kids with private schools and a wedding ahead of them. We also had elderly parents who needed our support.
So I did whatever was necessary to make money...