What if I told you that business transition isn't just about changing ownership—it's about six fundamental transformations that happen to both the successor and the current owner?

In this solo episode, Andrea introduces the Six Metamorphoses of Business Transition, a framework that helps families and business teams understand the psychological and practical changes everyone experiences during leadership transitions.

From the apprentice-to-owner role shift that successors navigate to the identity changes owners face as they step back from their life's work, Andrea walks through each transformation with real examples from her own succession journey at The Transition Strategists.

Whether you're a successor feeling the weight of growing responsibility or an owner struggling with when and how to let go, this episode will help you understand what's normal, what's challenging, and why having conversations about these changes is essential for a successful transition.

Key topics covered:

• The six metamorphoses: role, vision, power, relationships, purpose, and legacy
• How successors move from apprentice to owner while managing anxiety and proving themselves
• Why owners struggle with staying relevant while giving successors space to grow
• The dance between respecting hierarchy and stepping into leadership
• How vision conflicts create tension between honoring the past and building the future
• Why relationships inside and outside the business shift for both parties
• The identity and purpose changes that affect owners and successors differently

Key takeaways:

• Transition involves fundamental changes for both successors and owners—expect this
• Different people need to move at different paces through these metamorphoses
• The sooner you start conversations about what everyone wants and needs, the better
• Understanding these changes helps normalize the challenges you're experiencing
• Designing the future together prevents assumptions and misalignment

Connect with Andrea Carpenter and Your Next Gen Friend:

• Website: https://yournextgenfriend.com/
• Your Next Gen Friend on Instagram: https://www.instagram.com/yournextgenfriend/
• Your Next Gen Friend on Youtube: https://www.youtube.com/@yournextgenfriend
• Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver/

Subscribe to "Your Next Gen Friend" on your favorite podcast player:

• Spotify: https://yournextgenfriend.com/open-spotify
• Apple Podcasts: https://yournextgenfriend.com/apple-podcast

Podcast theme music by Transistor.fm

Chapters in this episode:

00:00 Introduction: The Six Metamorphoses Framework

00:38 Metamorphosis #1: Role (Apprentice to Owner, Relevant to Beyond)

02:36 Metamorphosis #2: Vision (New Ideas vs. Proven Success)

03:57 Metamorphosis #3: Power (Authority, Control, and Letting Go)

05:39 Metamorphosis #4: Relationships (Networks, Dependencies, and Relevance)

07:05 Metamorphosis #5: Purpose (From Job to Identity to What's Next)

08:45 Metamorphosis #6: Legacy (Honoring the Past, Building the Future)

10:12 Key Takeaways and Next Steps

What goes through your mind when someone asks you to be their successor? For Andrea, it wasn't immediate excitement—it was a flood of very real fears and questions.

In this honest and relatable episode, Andrea takes you inside her thought process when Elizabeth first asked her to become the successor at The Transition Strategists. From meeting Elizabeth on what she thought was just a networking call to navigating the complex emotions of buying into someone else's life's work, Andrea shares the four major fears that almost every successor faces. Whether you're considering a family business succession, buying into a company as an employee, or exploring any leadership transition, Andrea's candid reflections will help you understand that feeling nervous doesn't mean you're not ready—it means you're taking it seriously.

Key topics covered:

• The four major fears every successor faces: readiness, money/affordability, legacy pressure, and relationship dynamics
• How to use the Objectives Matrix to evaluate if succession aligns with your personal goals
• Why feeling nervous about succession is actually healthy, not a red flag
• The importance of having real conversations about assumptions and expectations
• How transition happens gradually through small steps, not all at once

Key takeaways:

• Succession fears are valid and shared by most successors—you're not alone
• The things left unsaid create the biggest problems in transition
• Transition is a journey, not an event—it doesn't all have to happen at once
• Hard conversations about fears and expectations are essential for moving forward
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Connect with Andrea Carpenter and Your Next Gen Friend:

• Website: https://yournextgenfriend.com/
• Your Next Gen Friend on Instagram: https://www.instagram.com/yournextgenfriend/
• Your Next Gen Friend on Youtube: https://www.youtube.com/@yournextgenfriend
• Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver/

Subscribe to "Your Next Gen Friend" on your favorite podcast player:

• Spotify: https://yournextgenfriend.com/open-spotify
• Apple Podcasts: https://yournextgenfriend.com/apple-podcast

Chapters in this episode:

00:00 Setting the Stage: When Elizabeth Asked Me to Be Her Successor

02:41 Using the Objectives Matrix to Evaluate the Opportunity

03:24 Fear #1: Am I Even Ready for This?

04:18 Fear #2: Money and Affordability Concerns

05:44 Fear #3: The Weight of Legacy Pressure

06:42 Fear #4: Relationships and Team Dynamics

07:39 Why Being Nervous Isn't a Red Flag

09:14 Transition as a Journey, Not an Event

Podcast theme music by Transistor.fm.

Andrea tackles one of the most loaded phrases in family business: "You're next." Whether it's taking over the family business, stepping into leadership alongside siblings, or inheriting family wealth responsibilities, being told you're next rarely comes with the clarity successors actually need.

In this vulnerable and practical episode, Andrea shares her own experience of first hearing about her role in her family's estate planning and how it felt both like a compliment and an overwhelming responsibility. She explores why "being next" often feels heavy and unclear, and what successors can do to take control of their own transition journey.

Key topics covered:

• Why "you're next" rarely comes with clarity or a roadmap
• Debunking succession myths and defining what you actually want
• The difference between inheriting a business and inheriting a leadership manual
• How to initiate transition conversations without seeming entitled

Key takeaways:

• Authenticity in leadership means being yourself, not a clone of who came before
• Successors can drive conversations about transition timelines and roadmaps
• You don't need permission to start planning your future

Connect with Andrea Carpenter and Your Next Gen Friend:

• Website: https://yournextgenfriend.com/
• Your Next Gen Friend on Instagram: https://www.instagram.com/yournextgenfriend/
• Your Next Gen Friend on Youtube: https://www.youtube.com/@yournextgenfriend
• Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver/

Subscribe to "Your Next Gen Friend" on your favorite podcast player:

• Spotify: https://yournextgenfriend.com/open-spotify
• Apple Podcasts: https://yournextgenfriend.com/apple-podcast

Chapters:

00:00 Understanding the 'You're Next' Concept

04:45 Defining Personal Goals and Values

09:21 Taking Charge of Your Future

Podcast theme music by Transistor.fm

In this candid conversation, Andrea and Suzy explore the complex emotions that come with inheriting family wealth. Suzy, a third-generation wealth inheritor, shares her journey from feeling shame about "unearned" money to becoming empowered to take control of her financial future.

Key Topics:

• Wrestling with the psychology of inherited wealth and finding your authentic relationship with money
• How marriage dynamics change when one partner has family wealth
• Taking ownership of financial decisions and realizing you can change inherited structures
• Balancing family legacy with personal values and goals

Special Focus: Suzy discusses her new children's book project designed to help parents start age-appropriate money conversations with their kids, inspired by her 6-year-old son's reaction to traditional financial education.

Perfect for next-generation wealth holders, family business members, and parents raising children in wealthy families.

Chapters in this episode:

00:00 Introduction and Guest Welcome

02:25 Suzy's Third-Generation Inheritance Story

07:03 Wrestling with "Given, Not Earned" Feelings

12:47 Finding Your Authentic Relationship with Money

19:15 Marriage, Boundaries, and Financial Independence

25:41 Navigating Wealth in Friendships and Social Settings

29:57 Taking Control: From Inherited Advisors to Personal Stewardship

32:02 The Power to Change What Doesn't Fit Your Life

38:04 Children's Books: Teaching Money Values Early

41:12 Connecting with Suzy and Final Thoughts

Connect with Suzy Riedman:

Website: https://familywealthdynamics.com

Join the Waitlist for Suzy’s Books: https://familywealthdynamics.com/waitlist

Email: suzy@familywealthdynamics.com

LinkedIn: https://www.linkedin.com/in/suzanne-riedman/

Connect with Andrea Carpenter and Your Next Gen Friend:

Website: https://yournextgenfriend.com/

Your Next Gen Friend on Instagram: https://www.instagram.com/yournextgenfriend/

Your Next Gen Friend on Youtube: https://www.youtube.com/@yournextgenfriend

Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver/

Subscribe to "Your Next Gen Friend" on your favorite podcast player:

Spotify: https://yournextgenfriend.com/open-spotify

Apple Podcasts: https://yournextgenfriend.com/apple-podcast

Podcast theme music by Transistor.fm.

After launching with a powerful three-part series on sibling dynamics, Andrea takes listeners behind the scenes of her own story in this deeply personal episode.

Most importantly, Andrea explains why Your Next Gen Friend exists - to create community for successors who often feel isolated while navigating guilt, imposter syndrome, and the challenge of building their own legacy while honoring what came before. The episode concludes with an invitation for listeners to join Andrea in building a supportive community where successors can share their stories, challenges, and victories without judgment.

Key topics covered:

• Growing up with entrepreneurial parents and processing family wealth awareness
• Career evolution from advertising to becoming Elizabeth's successor at The Transition Strategists
• The emotional complexity of being a successor and creating community for next-gen leaders

Chapters:

00:00 Introduction to Your Next Gen Friend

02:24 Growing Up in Small Town Colorado

04:42 High School: Design, Band, and Entrepreneurship

07:03 First Awareness of Family Wealth

09:21 College, Career, and the Pivotal Question

11:31 Meeting Elizabeth and the Successor Conversation

13:52 Navigating Business Transition and Motherhood

16:13 Why Every Successor's Experience is Unique

18:33 Creating Community for Next Gen Leaders

Connect with Andrea Carpenter and Your Next Gen Friend:

Website: https://yournextgenfriend.com/

Your Next Gen Friend on Instagram: https://www.instagram.com/yournextgenfriend/

Your Next Gen Friend on Youtube: https://www.youtube.com/@yournextgenfriend

Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver/

Subscribe to "Your Next Gen Friend" on your favorite podcast player:

Spotify: https://yournextgenfriend.com/open-spotify

Apple Podcasts: https://yournextgenfriend.com/apple-podcast

Podcast theme music by Transistor.fm.

This is the powerful conclusion to the three-part series on sibling dynamics in family businesses. The conversation moves beyond day-to-day challenges to explore how the current generation can become "great ancestors" who build lasting trust, redefine success, and create positive legacies for future generations. The episode offers profound insights on cultivating trust, establishing clear communication protocols, and understanding that family business is both a privilege and a responsibility.

Show Notes

In this inspiring finale to the sibling dynamics series, Andrea Carpenter, Shannon, Andrew, and Mark shift from problem-solving to legacy-building. The conversation opens with Shannon's vulnerable admission that she might not have relationships with some siblings if not for their shared family business - a raw truth that normalizes the complexity of family relationships while affirming that healthy businesses can still thrive.

Mark emphasizes a fundamental truth: "The work isn't really worth the family relationship being lost. It's just not." This sets the tone for a discussion about priorities, boundaries, and the courage to separate family time from business time. Andrew shares his evolution from trying to maintain rigid boundaries to accepting that family and business naturally intersect, requiring maturity and clear communication rather than artificial separation.

The episode's centerpiece is Andrew's powerful insight about being a "great ancestor" rather than just a good descendant. He challenges listeners to think beyond preserving what they inherited to actively building something worthy of future generations' admiration. Shannon anchors this vision in practical terms through her framework for cultivating trust: belief, care, consistency, and respect.

Key topics covered include:

• Normalizing complex sibling relationships in family business
• The courage to set boundaries between family and business time
• Understanding that founders also seek approval from the next generation
• Using "hat switching" to create clarity in different roles
• The three pillars of successful family business leadership: understanding your why, seeing others' perspectives, and embracing conflict
• Establishing rules based on individual strengths from an early age
• Creating conflict resolution plans before emotions run high
• Why family business is a privilege, not a right
• The four elements of trust: belief, care, consistency, respect
• Moving from being good descendants to great ancestors
• Healing sibling relationships that may have suffered during the pursuit of parental approval

The episode concludes with a rally cry for next-generation leaders to support each other, recognizing that the businesses and families they steward represent the future of communities and the world itself.

Chapters in this episode:

00:00 Navigating Sibling Dynamics in Family Business

01:07 The Importance of Boundaries and Relationships

03:49 Understanding Perspectives and Empathy

09:08 Clarity and Communication in Family Roles

14:39 Establishing Rules and Conflict Resolution

18:51 The Role of Patience and Legacy

24:31 Cultivating a Culture of Trust

29:01 Final Thoughts on Family Business Dynamics

Connect with Andrea Carpenter and Your Next Gen Friend:

Website: https://yournextgenfriend.com/

Your Next Gen Friend on Instagram: https://www.instagram.com/yournextgenfriend/

Your Next Gen Friend on Youtube: https://www.youtube.com/@yournextgenfriend

Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver/

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This is the second episode of a three-part series on sibling dynamics in family businesses. The conversation dives deeper into the complexities of family roles, the importance of communication (even poor communication), and how vulnerability and empathy become essential leadership tools when working with siblings. The episode explores the tension between family relationships and business responsibilities, revealing how the skills needed for Gen 1 success may be completely different from what Gen 2 requires.

Show Notes

In this revealing second episode of the sibling dynamics series, Andrea Carpenter continues her conversation with Shannon, Andrew, and Mark as they explore the messier, more vulnerable aspects of working with family. The discussion moves beyond role assignment into the emotional intelligence required to navigate complex family-business relationships.

Shannon Schottler opens up about the sudden loss of her father and how their family lacked a crisis plan, leading to important reflections on how Gen 2 leadership requires different skills than Gen 1 - specifically collaboration and over-communication rather than the "charging like a bull" approach that built their farming operation. Andrew Salmon shares profound insights about empathy, describing his relationship with his brother as an "accordion" that stretches and contracts but ultimately creates harmony when both parties are vulnerable and give each other grace.

Mark Mendes discusses the importance of teaching his children that "it's okay to fail" and how he's intentionally creating a different legacy than his father - one focused on preparing the next generation to "take the ball and run with it to higher levels." The conversation also tackles the impossible task of separating family and business relationships, with Andrew's honest admission: "How do you separate Shannon your sister from Shannon your boss? It's just not going to happen."

Key topics covered include:

• The difference between skills needed for Gen 1 vs Gen 2 success
• Why poor communication is better than no communication
• How family birth order and age gaps affect business dynamics
• The role of empathy and vulnerability in family business leadership
• Teaching the next generation to embrace failure as part of growth
• Creating boundaries between family time and business discussions
• How to be a "broker of agreements" rather than a peacemaker
• The importance of giving family members grace and space to grow
• Why everyone in family business is "chasing the same approval"

The episode emphasizes that while family business relationships are inherently messy and complex, the key is moving from no communication to poor communication to better communication, all while building capacity to sit in discomfort as everyone levels up their skills.

Chapters in this episode:

00:00 The Importance of Legacy and Intentional Planning

01:36 Understanding Individual Roles and Family Dynamics

05:03 Empathy and Vulnerability in Leadership

10:13 The Impact of Birth Order on Business Roles

14:53 Communication Strategies for Family Businesses

19:50 Balancing Family and Business Relationships

Connect with Andrea Carpenter and Your Next Gen Friend:

Website: https://yournextgenfriend.com/

Your Next Gen Friend on Instagram: https://www.instagram.com/yournextgenfriend/

Your Next Gen Friend on Youtube: https://www.youtube.com/@yournextgenfriend

Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver/

Subscribe to "Your Next Gen Friend" on your favorite podcast player:

Spotify:...

This is the first episode of a three-part series on sibling dynamics in family businesses, featuring three thoughtful leaders with vastly different experiences - from 12 siblings in a farming operation to passing a business to the next generation of siblings. Andrea Carpenter hosts an honest conversation about the good stuff, hard stuff, and unexpected challenges of growing, leading, and staying in relationship with siblings in family business.

Show Notes

In this candid first episode of a three-part series, Andrea Carpenter sits down with three family business leaders to explore the real dynamics of working with siblings. From Shannon's experience as one of 12 kids in a farming operation, to Andrew's intentional succession planning approach, to Mark's unique situation of having a brother the same age as his eldest son, this conversation covers the full spectrum of sibling relationships in business. Shannon Schottler represents Gen 2 in a large farming operation built from nothing to 4,000 acres, navigating the complexities of being "one of the chosen ones" among 12 siblings. Andrew Salmon, Gen 3 at Salmon Health Retirement, shares how he and his brother created clear paths for succession while maintaining family harmony. Mark Mendes discusses preparing his two sons for leadership while managing the interesting dynamic of his younger brother being part of the next generation.

Key topics covered include:

• How personal growth intersects with role assignment in family business
• The myth that family business is "handed down" and the real pressures involved
• Navigating leadership transitions during times of crisis and uncertainty
• The importance of communication and collaboration skills for next-generation leaders
• Preparing children for business roles while maintaining family relationships
• The tension between being "chosen ones" and maintaining sibling harmony
• Why succession planning requires both intentional processes and family values

The episode emphasizes that while each family's journey is unique, the common thread is the importance of relationships, communication, and starting succession conversations early from a position of strength rather than necessity.

Chapters in this episode:

00:00 Introduction to Sibling Dynamics in Family Businesses

07:00 Personal Growth and Role Assignment in Family Businesses

13:52 Navigating Leadership Transitions and Family Dynamics

20:00 Preparing the Next Generation for Business Roles

25:55 Looking Ahead: The Future of Family Businesses

Connect with Andrea Carpenter and Your Next Gen Friend:

Website: https://yournextgenfriend.com/

Your Next Gen Friend on Instagram: https://www.instagram.com/yournextgenfriend/

Your Next Gen Friend on Youtube: https://www.youtube.com/@yournextgenfriend

Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver/

Subscribe to "Your Next Gen Friend" on your favorite podcast player:

Spotify: https://yournextgenfriend.com/open-spotify

Apple Podcasts: https://yournextgenfriend.com/apple-podcast

Podcast theme music by Transistor.fm.