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Building a legacy on persistence and talent

In this episode, Nathan Schock interviews Joe Slavens, who shares the remarkable journey of his family's multi-generational business in banking and beyond. From his grandfather's persistence during the Great Depression to the family's strategic decisions in navigating the banking landscape, Joe discusses the lessons learned, the entrepreneurial spirit that drives their success, and the importance of adapting to change. He emphasizes the significance of hard work, the value of learning from failures, and the need for strategic planning in the face of industry challenges. Joe also outlines the future of their family business, focusing on growth opportunities and the involvement of the next generation. Chapters 00:00 The Legacy of Entrepreneurship 02:56 Navigating Challenges in Banking 05:56 The Evolution of Family Business 09:09 Lessons in Risk Management 11:56 Building Relationships in Banking 14:48 Innovating Beyond Traditional Banking 18:06 The Future of Financial Services 22:04 The Shift in Banking Revenue Models 23:11 Strategic Planning and Industry Changes 25:04 Navigating the Decision to Sell 27:24 Building a Family Holding Company 29:36 Evaluating New Opportunities for Growth 36:15 Future Vision and Next Generation Involvement 38:55 Lessons from the Past and Embracing Change Building Loved Businesses is the podcast for small and medium-sized business leaders who want to build a company their employees are proud to work for, their customers rave about, and they love leading. Hosted by Nathan Schock, each episode features a conversation with an under-the-radar business owner who has built a thriving culture, crafted remarkable customer experiences, and is growing with purpose. If you’re ready to grow with fewer growing pains, this podcast is your blueprint. Want to know if your business is ready to grow? https://nathanschock.com/assessment/ Website & Socials: Website: https://nathanschock.com/ LinkedIn: / nschock X: https://x.com/nathanschock Facebook: / schocknathan Instagram: / njschock Northwest Investment Corp: https://www.nicqc.com/ LinkedIn:   / joe-slavens-1423b79