Is your family business keeping you up at night? No one wants conflict in their family, or in their business. And yet, disagreement and power struggles are an inevitable part of both. So what happens when family and business are blended into a multi-generational enterprise where children, parents, and even grandparents work together? How can you ensure that the tensions of family life don't affect your business-and vice versa? In Balancing Act, Fred Guzzi, portfolio manager at CIBC Wood Gundy, shares critical insights on balancing the needs of family and business to keep them both healthy,…mehr
Is your family business keeping you up at night? No one wants conflict in their family, or in their business. And yet, disagreement and power struggles are an inevitable part of both. So what happens when family and business are blended into a multi-generational enterprise where children, parents, and even grandparents work together? How can you ensure that the tensions of family life don't affect your business-and vice versa? In Balancing Act, Fred Guzzi, portfolio manager at CIBC Wood Gundy, shares critical insights on balancing the needs of family and business to keep them both healthy, successful, and working in harmony. Written for anyone in a family business-from employees to leaders, from those just launching to those in succession-you'll find practical tips and proven models for success, along with real-life examples and stories to inspire, educate, and make you smile. You'll learn to master the three circles of governance in a family-owned business, and to prepare for and navigate the unavoidable "lightning bolts"-moments of crisis-that are part of the life cycle of a business, and that can strike without warning. As a family business owner, you have something unique. You owe it to yourself, your family, and all those who benefit from your presence in the world to make sure that your business remains healthy, successful, and focused on the future.
Fred Guzzi's commitment to family business began in his own family. Growing up with hardworking immigrant parents, Fred saw first-hand the value of family, the importance of contributing to community, and the inherent reward of helping others succeed. The significance of community outreach, family cohesion, work ethic, and entrepreneurial spirit have continued to be been central to how Fred lives his daily life with his family. Following his graduation from the University of Toronto, Fred began his career in wealth management. In 1998, he joined CIBC Wood Gundy as Investment Advisor. Fred's achievements were soon recognized by his appointment as First Vice-President at CIBC Wood Gundy. As a successful wealth management professional, Fred never forgot the lessons he learned from his parents, specifically the importance of connecting with people and family. In 2019, Fred received his certification as a Family Enterprise Advisor so he could focus his work on one of his true passions-the family business. Today, the Guzzi Advisory Group continues to meet the investment objectives of business owners, professionals, affluent families, foundations, charitable organizations, and associations. In keeping with the group's priority to give back to community, Fred and his associates support various charitable organizations including CIBC Children's Miracle Day, SalvAide, Mary Centre, and the Salvation Army's Project Winter Survival. The Guzzi Advisory Group's business standards have been recognized by Fred Guzzi's achievement of Chairman's Council status with the firm. This prestigious honour is a testament to Fred's proven success of helping his clients reach their investment objectives, and his commitment to bringing balance and harmony to the family business.
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