I so enjoyed my conversation with Richard Seaman. I love learning how family business owners make things happen, and Richard didn’t disappoint. He shared lessons learned after lessons learned, words of wisdom after words of wisdom. Having lived through all of it: losing 10% of the business his first year working full time in the business, sharing the painful family dynamics the resulted in buying out siblings, the important role of an outside board of directors, and so much more!
This is Part 1 of a three part series.
Here are the initial questions I asked Richard:
- From baby doll pants to global industrial fabrics manufacturer: tell us a bit about your family business story.
- You were young when you took over, were you prepared? (any lessons learned)
- How are you preparing your kids and grandkids?