Business Unchained
Calling all small business warriors who feel chained to their business! Do you run your business or does your business run you? You've poured your blood, sweat and tears into it and it is time to set yourself free. I'm Bobby Mascia – owner of a wealth management firm, family office, manufacturing business, 18 store Dunkin Franchise, and de facto business coach. My goal? To liberate your business— whether it be operationally, prep for a sale, a legacy handover, or self-management. The roadmap to this freedom is something we will uncover together in Business Unchained." Join me as I learn about fellow entrepreneurs, dissecting their past, present, and future.
Business Unchained
From Telecom Sales to Leadership Success: Vincent Finaldi’s Formula for Family Business Growth (S2:E8)
About Vincent Finaldi
Vincent Finaldi, known to friends as Vin or Vince, is a seasoned professional with 18 years of experience in the Telecom industry. As the VP of Sales at TeleCloud, he excels in working directly with clients and partners to achieve remarkable results. With a Bachelor of Science in Marketing from Fairfield University, Vincent's expertise lies in his ability to "get stuff done" and make things happen.
Beyond the office, Vincent's true passions lie in raising his three children to be kind and responsible individuals and cherishing quality time with his family. A firm believer in leading a good and healthy life, Vincent is dedicated to balancing his professional success with personal well-being.
Whether at work in Morristown or enjoying downtime in Florham Park, NJ, Vincent exemplifies a commitment to excellence in both his professional endeavors and personal life.
Reference Links:
- Green Ridge Wealth Planning
- BobbyMascia.com
- Instagram - Bobby Mascia
- Instagram - Business Unchained
Vincent Finaldi’s Social Media
TeleCloud Social Media
Episode Highlights:
In this episode of "Business Unchained Podcast," we have the privilege of delving into the unique dynamics of family businesses with Vincent Finaldi, Vice President of TeleCloud, a family-owned business in the service and technology sector. Through Vin's personal journey of taking over the business after his father's passing in 2021, we explore the complexities of family enterprises, leadership transitions, and the invaluable lessons learned during trying times, including those brought about by the COVID-19 pandemic.
[23:45] "When the patriarch leaves, it’s a big deal in a family. His death forced us to formalize things because we realized our mortality." - Vincent Finald
The conversation underscores the challenges of distinguishing between family roles and business roles. Vin draws parallels between a family business and a sports team, underscoring the necessity of clear responsibilities and accountability for achieving success.
In response to these challenges, Vin and his siblings proactively sought to formalize their business structure. Their proactive measures included consulting legal experts to establish buy-sell agreements and safeguard their shares.
Furthermore, Vincent outlines their strategic planning process, which leverages the Entrepreneurial Operating System (EOS) to set lucid goals for the future. Their three-year vision encompasses ambitious targets, including reaching 30,000 subscribers and expanding the team to 30 members. Let’s dive in!
In this episode:
(00:00) - Internal Team Health
(06:47) - Joining the Family Business
(10:02) - Business Model Shift in 2013
(16:18) - Hiring the Right Talent
(20:05) - Transitioning Leadership
(25:22) - Future of the Business
(28:06) - Engaging an Organizational Expert
(32:51) - Future Growth Planning
(35:46) - Internal Health Importance
(43:12) - Reverse Mentorship Concept