Listen to Stephen Woodman, Joseph Basile and Julia Raphaely discuss building a family legacy by engaging in philanthropy and giving back to the community. As a family business engages in community work early on, it becomes embedded in their routine and the family becomes involved in something larger than their business. Founders who give back to the community from the beginning, set a path for the future generations to follow.
What my dad taught us about giving back to the community and helping out your neighbor, he didn’t do with words. In fact, he did it in actions. But what we found out is, when we were growing up, we never knew that he did it.
Seeing what my grandfather did, and then my father in his generation has done, that’s probably my fuel right there, wanting to be able to put my mark on things, you know, satisfy those individuals, see that their hard work has been you know, carried on to the fourth generation and you know, their holding their own is what I’m looking to do.
I think integrity, charity, giving back, understanding your opportunity and making it work not for you, but also for the people who work in the business, it isn’t just a business decision, it’s a decision about your own values and how you want to role those out, and when you’re in a family business you have the opportunity to do that.