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Beyond the Loss: Life and Identity After a Child Dies
Over time, the conversations we choose to have begin to reflect what matters most.
If you’ve been part of this podcast, you’ve heard me speak about human development, systems thinking, and the ways we make meaning of our lives and work. That work continues—and remains at the core of my coaching and professional practice.
What has changed is the space where I am choosing to have a different kind of conversation.
After the death of my son, Michael, I felt called to create a more personal place—one that speaks directly to the experience of loss, and to the questions that emerge when life no longer looks the way it once did.
That space is now Beyond the Loss.
This podcast is for parents who have lost a child, and for those who support them. It is not about fixing grief or finding closure, but about understanding how we continue to live, to make meaning, and to become—after loss.
If you are looking for my current podcast,
you will now find me there.
I invite you to join me on Beyond the Loss.
You are welcome.
Beyond the Loss: Life and Identity After a Child Dies
Episode 166: Family Business and Planning for An Exit with Ahmie Baum
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Owning and running a multi-generational family business can be challenging, but also extremely rewarding. You want your children and grandchildren to be able to generate the same level of wealth while also leveraging their unique strengths, allowing them to fulfill their potential. But miscommunication and family dynamics can cause unforeseen challenges that are difficult to solve from the inside. It can also be challenging for a founder to relinquish control and prepare the business for new leadership.
Here to help us unpack this complicated topic is Ahmie Baum, CEO, and Founder of Interchange Capital Partners. Interchange Capital Partners is a family business that has honed a comprehensive and collaborative process over its 40 years of practice in financial services and is dedicated to helping clients and their families build financial safety nets. In our conversation with Ahmie, we discuss the mechanics and nuances of running a family business as well as the necessity of a well-planned exit strategy to ensure adequate reward for your years of hard work, ingenuity, and dedication. A major part of Ahmie’s expertise lies in helping family business owners and entrepreneurs focus on the impact of their business value, and how it will affect their family’s personal wealth and legacy.
Tuning in you’ll hear us cover a host of important elements you should be considering to ensure generational wealth and an effective strategy. Ahmie explains how siloed thinking can happen in business, why it’s harmful and breaks down why you need a well-functioning advisory model. He also shares his insights on adequate tax planning and mitigation as well as the unforeseen challenges that can come with a transition into retirement. This episode is jam-packed with critical information that will arm you with the knowledge you need to ensure the longevity of your wealth and an exit strategy that is conducted on your terms. Tune in today to hear it all!
What you’ll learn about in this episode:
- Introducing today’s guest Ahmie Bahm.
- Why you need to be prepared for transition and change in business.
- Ahmie’s early experiences with cold calling as a stockbroker.
- How Ahmie discovered his affinity for financial planning.
- Why it’s so difficult for people to realize they need an exit plan.
- Why you need to plan for an exit at least five years in advance.
- The difference between effective tax preparation and tax planning and mitigation.
- The types of questions businesses should ask to make sure they’re prepared.
- The role of temperament in working with clients and their exit plan.
- The trouble with siloed business structures and advisors not communicating.
- Why you need someone to facilitate communication between your advisors.
- How to gain clarity and understanding before you take action on your exit plan.
- A breakdown of a functioning advisory model and why you need one.
- The four dimensions of family capital: social, financial, intellectual, and human.
- How to recognize and utilize the other dimensions of capital, separate from financial.
- How miscommunication and dynamics within a family can affect the family business.
- The challenges of succession within a family business.
- Why retirement is often a much more difficult transition than anticipated.
- How to get in touch with Interchange Capital Partners.