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I am writing a book on Family Enterprise Succession Planning
William has been on me for some time to get a book written about what we do for families. We have made great progress this month. I now have several chapters written and wanted to share the Introduction to the book with you all here. Please feel free to give frank and open feed back about what you read. Thank you all. Title: "Family Fortune: Preserving Wealth, Legacy, and Harmony Across Generations" By Mike Schmitt Edited by: Kathryne E. Schmitt Introduction: The $83 Trillion Challenge "What will your family's legacy be in 100 years?" Imagine it's the year 2123. Your great-great-grandchildren are gathered for a family reunion. A curious 10-year-old pipes up, "Tell me about our family business!" Will the response be a proud recounting of a thriving enterprise that's weathered a century of change? Or will there be an awkward silence, followed by an aunt nervously changing the subject? As the founder of the Rubra Group, I've spent over a decade helping family enterprises ensure their story is the former, not the latter. I've seen firsthand how the right strategies can transform a family business from a potential cautionary tale into a legacy of success spanning generations. Today, we stand at a pivotal moment in economic history. Over the next two decades, an estimated $83 trillion will change hands in the United States alone, as the Baby Boomer generation passes its wealth to subsequent generations. This transfer represents both an enormous opportunity and a significant challenge for family enterprises. The stark reality is that 90% of family wealth is lost by the third generation. That's not a typo – nine out of ten family fortunes don't survive to see the great-grandchildren. The reasons are varied: lack of preparation, poor communication, misaligned values, and the inability to adapt to changing markets, to name just a few. But it doesn't have to be this way. At the Rubra Group, we've developed a four-step strategic approach that has helped numerous families not only preserve their wealth but grow it, all while strengthening family bonds and creating lasting, positive impacts on their communities:
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New comment Aug 12
πŸ† 9Q -Ai RockStarsπŸ₯‡
This is what winning looks like. I am so proud of the team at the. The Red Piano. They are all 9Q trained. @Jason Jones and @Colin Campbell have been working with us for over a year and are totally committed to success and @Susan Erwin Prowse this incredibly Musician is in line to be one of the first 9QAI certified blue belts in the world! Success is not an accident, but a commitment to excellence training and development. You guys are on fire and I am so proud. 🫡πŸ₯·πŸ”₯πŸ”₯πŸ‘Š https://www.facebook.com/reel/851167326517840?fs=e&mibextid=0NULKw&fs=e&s=TIeQ9V
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New comment Jul 27
πŸ† 9Q -Ai RockStarsπŸ₯‡
Excellence at Scale 🌟
🌟 Imagine capturing the priceless wisdom of your top performers, amplify it with AI and scaling it across your entire organization. πŸš€ Join us for an exclusive LinkedIn live event, "Scaling Excellence: The AI-Powered Talent Revolution," where we reveal how the 9Q AI Peak Performance Replicator can transform your workforce by decoding, amplifying, and replicating the brilliance of your highest achievers. πŸ—“οΈ Date: Tuesday, July 30th πŸ•› Time: 12:00 PM - 12:50 PM PT This isn't just another webinarβ€”it's a revolutionary approach to scaling excellence. Discover how to bridge the immense productivity gap and infuse your entire team with the strategies of your top talent. πŸ”— Register for the webinar. Click Below https://www.linkedin.com/events/scalingexcellence-theai-powered7221940277832245248/ #TalentRevolution #AIPoweredPerformance #ScalingExcellence #PeakPerformance #Leadership #AIInnovation #WorkplaceProductivity #ContinuousImprovement
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Excellence at Scale 🌟
"The Wisdom Accelerator: From Expert Minds to Game-Changing Manual in Just 24 Hours!"
πŸš€ BREAKING NEWS: We've just revolutionized the way expert knowledge is captured and shared! πŸš€ In just 24 hours, we've accomplished what traditionally takes months: 1️⃣ Interviewed two incredible subject matter experts in bartending 2️⃣ Leveraged our 35 years of master teaching experience 3️⃣ Harnessed the power of cutting-edge AI 4️⃣ Integrated hard-earned wisdom with industry best practices 5️⃣ Created a comprehensive, ready-to-use e-book: "The Art of Bartending: Beyond the Glass" This isn't just a manual - it's a legacy of excellence, ready to transform The Red Piano's team and potentially the entire industry! πŸ”₯ Are you a subject matter expert looking to scale your gifts and impact the world? We can help you create a similar game-changing resource in record time. Don't let your expertise remain locked away. Contact us NOW to learn how we can amplify your wisdom and create a lasting impact in your field. #WisdomAccelerator #ExpertiseUnleashed #AIRevolution #9QSolutions #ScaleYourImpact
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New comment Jul 20
"The Wisdom Accelerator: From Expert Minds to Game-Changing Manual in Just 24 Hours!"
Attention Dojo Students: Get ready for a game-changer! πŸš€
You know I'm always fired up about our work, but this time, it's different. This is personal. This is revolutionary. Picture this: Years ago, I sat with my sensei, a true master of his craft. His knowledge? Unparalleled. His skills? Seemingly magical. But there was a problem - all that mastery was locked in his head, at risk of being lost forever. So we did something crazy. We spent months and months breaking down his knowledge, his instincts, his lifetime of experience into teachable chunks. The result? Mind-blowing. Suddenly, he was teaching people of all ages, passing on decades of wisdom in a fraction of the time. That moment lit a fire in me. What if we could do this for every master, in every field? And what if we could do it in a few days instead of months? Fast forward to today. We're about to unveil our first Peak Performance Playbook for The Red Piano. But this isn't just a manual, folks. This is a revolution in a book cover. Exciting, isn't it? But it's what's inside that's going to blow your mind. We are taking the bartending brilliance of The Red Piano's co-founders and: 🧠 Decoding their instincts 🎯 Distilling their techniques 🌟 Capturing the very essence of their expertise And we're doing it all using my 35 years of experience as a master teacher and our 9Q AI system. We're not just preserving knowledge; we're making mastery scalable. This is just the beginning. Imagine a world where no expertise is ever lost, where every industry has access to the accumulated wisdom of its greatest masters. That's the world we're building. Right here. Right now. Are you ready to be part of this revolution? Because we're about to change the way the world learns, grows, and achieves excellence. Let's make some magic happen! Boom πŸ’₯ William #9QAIBlackBeltDojo #MasteryUnlocked #RevolutionizingExcellence
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New comment Jul 18
Attention Dojo Students: Get ready for a game-changer! πŸš€
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9Q-AI Black Belt Academy
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πŸ† #1 AI-Powered Training Academy! Battlefield & Boardroom proven systems by 35-year expert. FUTURE-PROOF your life right here! Join now! πŸš€πŸ₯‹
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