#185 – Rob Ferguson Explains Business with a Family Focus and the Reverse

<p><span data-contrast="auto">In 1970 the average life cycle for a family business was around 62 years.  Today it is only 24 years.  What went wrong along the way?</span><span data-ccp-props="{}"> </span></p> <p><span data-contrast="auto">To get to the bottom of this, David talked to an expert on the topic,</span> <a href= "https://ferguson-alliance.com/rob-ferguson/"><span data-contrast= "none">Rob Ferguson</span></a><span data-contrast= "auto">.  </span><span data-ccp-props= "{}"> </span></p> <p><span data-contrast="auto">Rob has been a trusted advisor to family businesses since 2010.  Prior to becoming an advisor, Rob had a distinguished career in leadership – including ten years as a CEO at 2 different companies.  </span><span data-ccp-props= "{}"> </span></p> <p><span data-contrast="auto">In his current role, Rob has led companies through 10x growth, helped turn struggling companies around, and has conducted more than $100 million in acquisitions.  Rob's company,</span> <a href= "https://ferguson-alliance.com/"><span data-contrast= "none">Ferguson Alliance</span></a><span data-contrast="auto">, is on a mission to increase the lifespan of family businesses.  Rob believes that with the right foundation in place, family businesses can live infinitely.</span><span data-ccp-props= "{}"> </span></p> <p><span data-contrast="auto">What mistakes shorten the lifecycle of family businesses by 38 years compared to 50 years ago?  And flip the question to ask, what are the strengths they should focus on?  </span><span data-ccp-props= "{}"> </span></p> <p><span data-contrast="auto">David and Rob got into the weeds about family business so you can hear some of the key answers to these questions on this podcast.  Listen if you are a family business that wants to be your best, or another entrepreneur who simply wants inside info on some of the strongest businesses across the world.</span><span data-ccp-props="{}"> </span></p> <p><span data-contrast= "auto">------- </span><span data-ccp-props= "{}"> </span></p> <p><strong><spa