In this episode of Transitioning a Family Business to the Next Generation
- The podcast episode features Trent Gardner, a member of The CEO Project and part of a family-owned business called GJ Gardner Homes, discussing the unique dynamics of family-owned businesses, including succession and emotional issues.
- GJ Gardner Homes started as a small business in 1983 and grew into a franchise operation with over 150 franchises internationally. Trent and his brother are involved in the business, with Trent primarily focused on operations in the United States.
- The company differentiates itself by making the homebuilding process fun and engaging for customers through open communication, collaboration, and a customer-centric approach. They prioritize transparency and ensure a positive experience at every stage of construction.
Here is a glimpse of Transitioning a Family Business to the Next Generation
In this episode of the Lazy CEO Podcast, host Jim Schleckser interviews Trent Gardner, a member of The CEO Project and part of a family-owned business called GJ Gardner Homes. They discuss the dynamics of family-owned businesses, including succession and emotional issues unique to such enterprises. Trent provides insights into the evolution of GJ Gardner Homes, which started as a small operation in 1983 and grew into a franchise business with over 150 franchises operating internationally.
Trent explains that the business was passed down from his grandfather, who also worked in the construction industry, to his father, who started GJ Gardner Homes with his mother. Trent and his younger brother are both involved in the business, with Trent primarily focusing on operations in the United States. He highlights the challenges and opportunities of running a family-owned business, emphasizing the importance of surrounding oneself with capable and smart individuals who complement one’s own skills.
They also discuss how GJ Gardner Homes differentiates itself in the market by making the homebuilding process fun and engaging for customers. Trent explains their customer-centric approach, which involves open communication, collaboration, and ensuring a positive experience throughout the entire construction process. They have implemented processes like pausing construction to get customer sign-off at key stages, providing transparency and instilling confidence in the customers.
The conversation touches on the topic of succession planning and future leadership in the company. Trent expresses his commitment to leading the business for the next 30 years but acknowledges that circumstances may change, and he remains open to adjustments in the future. He emphasizes the importance of attracting and retaining talent in a family-owned business, noting that growth and opportunity within the company are key incentives for employees, even if they may not have a direct path to the CEO position.
Trent also mentions the family’s commitment to maintaining the business as a family-owned entity, with no intention of selling to private equity or pursuing a liquidity event. He emphasizes the significance of the family legacy and the desire to continue building the brand’s reputation and success.
The interview concludes with a discussion about the challenges of family relationships in business and the need to make rational decisions while considering family dynamics. Trent mentions the importance of addressing nepotism and ensuring that family members earn their positions based on merit and competence. He highlights the need for professionalism and accountability within the family business.
Overall, the podcast episode provides insights into the journey and dynamics of a successful family-owned business, offering lessons and perspectives on leadership, succession planning, and maintaining a positive customer experience.
Resources mentioned in this episode:
- Jim Schleckser on LinkedIn
- The CEO Project
- Great Ceos Are Lazy: How Exceptional Ceos Do More in Less Time by Jim Schleckser
Thank you to our Guest
Trent Gardner, G.J. Gardner Homes
For the last 35 years, we have successfully built different homes for different people. At G.J. Gardner Homes, we understand that you are an individual and have unique requirements when building a home. By working with you, we can design and build a home that suits you, your lifestyle, and your needs.
A local builder knows and fully understands the issues of getting your plans through the council. Local knowledge ensures your new home is ideally suited to local conditions and achieves the best results from natural light and heat.
As a customer, you get big builder value with small builder flexibility. Most franchisees achieve excellent value through the buying power we obtain from our preferred building suppliers. We offer competitive prices and can customize a home to suit your individual needs.
Sponsor for this episode…
This episode is brought to you by The CEO Project. The CEO Project is a business advisory group that brings high-caliber, accomplished CEOs together. Our team of skilled advisors comprises current and former CEOs who have run public and private sector companies across multiple industries. With our experience and expertise, we guide hundreds of high-performing CEOs through a disciplined approach that resolves constraints and improves critical decisions. The CEO Project has helped high-performing, large enterprise CEOs with annual revenues ranging from $20M to over $2 billion to drive growth and achieve optimal outcomes. If you are an experienced CEO looking to grow your company, visit www.theCEOProject.com.