Join us for a powerful conversation with Tammy Buss, a seasoned family business advisor and family business survivor, who offers rare insight into the emotional realities of transitioning a family enterprise.

Tammy shares firsthand stories from her own journey while unpacking the complexities of succession, communication breakdowns, and generational change. From governance pitfalls to the value of early, open conversations, this episode reveals why running a family business is never as simple as it seems… and what it truly takes to navigate transition.

Tune in to this episode as we explore:

(00:58) The work Tammy Buss does

(03:49) Self-employed financial services journey

(07:35) Evolving roles in business growth

(11:18) Three-circle model explained

(12:55) Ownership vs active involvement

(18:05) Cousins’ business transition decisions

(22:21) Family business transition strategy

(22:58) Preparing a family business for sale

(28:12) Letting go for better leadership

(31:22) Family business values and vision

(32:52) Fair vs equal in family business

(36:27) Tragedy that shaped a career

Links mentioned in this episode:

‘Passing Down Your Success’ by Tammy Buss

Tammy Buss on LinkedIn

Connect with the show:

www.fambusiness.org

www.volkboxes.com

DP Industries’ co-owner Brent Dugal takes us inside his family’s manufacturing journey – from crafting wooden flatware in the early days to delivering innovative, custom products around the world.

Brent opens up about the realities of building a business with family, the impact of generational leadership, and why communication and a bit of thick skin matter more than you think. He also shares a glimpse into the future with emerging tech like QR codes, along with his own unexpected path from aspiring pilot to business leader.

Tune in to this episode as we explore:

(01:02) Brent’s work at DP Industries

(04:16) Decline of manufacturers' reps

(08:57) QR code on chips

(12:08) Nephew’s career shift to Maine

(14:09) Family dynamics and business relationships

(18:27) Work vs family bonds

(20:55) Prioritize outcomes over details

(26:25) Lessons from flight instructing

(29:42) Get in touch with Brent Dugal

Links mentioned in this episode:

DP Industries

Political Orphanage – Podcast

Connect with the show:

www.fambusiness.org

www.volkboxes.com

Waltz and Sons aren’t just leaders in service; they’re ahead of the curve with renewable propane and committed to hands-on in-house training for both men and women on their staff. Today we’re joined by Kevin Kopack and Derek Down from Waltz and Sons to hear how a humble basement startup transformed into a thriving residential propane business. Find out why customer service is at the heart of everything they do, and how their team rituals (like daily breakfast together) foster a tight-knit, family-like culture.

Tune in to this episode as we explore:

(01:25) Residential propane business origins

(05:09) Propane as a renewable residential fuel

(08:32) How customer service drives success

(10:57) Comprehensive in-house propane training

(15:05) Connect with Waltz and Sons

Links mentioned in this episode:

Waltz and Sons

Walts and Sons on Facebook

Connect with the show:

www.fambusiness.org

www.volkboxes.com

Fred Williams is the Managing Director at Old Port Advisors, and he joins Chit Chat to unpack the origins of Old Port Advisors, sharing how his firm grew from the brokerage industry in the '70s to a fiduciary wealth management and consulting company serving families, endowments, and retirement plans nationwide.

Discover Fred’s candid insights into the emotional side of finance, the challenges and joys of working with family enterprises, and how collaboration and personalized problem-solving have set Old Port Advisors apart in a competitive landscape.

Tune in to this episode as we explore:

(01:27) Fred’s work at Old Port Advisors

(05:13) Wine and nine golfing

(08:05) Competitive industry and fiduciary focus

(12:12) Embracing uncertainty as normal

(16:10) Maine's evolving business landscape

(18:44) Sales cycle variability across industries

(21:25) AI: balancing innovation and limitations

(24:35) Evolving through art and emotion

(27:27) Global perspectives in business monitoring

Links mentioned in this episode:

Old Port Advisors

Fed Williams on LinkedIn

Connect with the show:

www.fambusiness.org

www.volkboxes.com

Rich Hussey is the sixth-generation leader of Hussey Seating – a Maine company that’s been thriving since 1835 and spans eight generations. Rich gives us an inside look at the evolution of his family’s company, from its origins making plows and fire escapes to becoming a leader in spectator seating for venues ranging from school gymnasiums to NFL stadiums. He shares the story of Hussey Seating’s commitment to innovation, the challenges and triumphs of navigating generational transitions, and the pivotal steps they’ve taken.

Tune in to this episode as we explore:

(05:16) Family business evolution and growth

(06:44) Structured governance through objectivity

(11:11) Family business education and legacy

(16:38) Successful leadership transition insights

(18:33) Family governance and leadership transition

(20:38) Board and leadership role separation

(26:37) Preparing next generation leaders

(31:01) Family business governance insights

(36:44) Employees' word usage pool

(40:42) Gartner's impact on HR research

Links mentioned in this episode:

Hussey Seating

Rich Hussey on LinkedIn

Gartner Research

Connect with the show:

www.fambusiness.org

www.volkboxes.com

Welcome to another episode of Chit Chat with Derek and Cat! Today, we sit down with Eddie Woodin, a dynamic family business owner, passionate philanthropist and newly published author of ‘Overflowing Abundance’. Eddie opens up about leading his manufacturing company through tough times, embracing resilience and how his faith inspired his generous approach to business and life.

The conversation also delves into Eddie’s charitable initiatives, from supporting seniors and their pets to championing environmental causes, alongside behind-the-scenes stories from running a multi-generational business. Whether you love family business tales, entrepreneurial insights, or simply a dose of inspiration, this episode has something for you.

Tune in to this episode as we explore:

(05:23) Career transition to entrepreneurship

(07:54) Economic indicators in packaging shift

(12:27) Finding god: a personal journey

(13:17) Embrace and share your gifts

(18:06) Polyglot immigrant inspires community

(20:13) Old teammates launch publishing platform

(26:10) Autism causes and personal perspective

(27:41) Priceless bird art dilemma

(32:33) Eddie Wooden's recognition journey

Links mentioned in this episode:

Chasing the Rabbit – Book

Eddie Woodin’s Website

Overflowing Abundance – Book

Connect with the Chit Chat:

www.fambusiness.org

www.volkboxes.com

In this video podcast episode, we sit down with Larry Grondin, 3rd-generation (now 4th!) leader of RJ Grondin & Sons, a Maine-based powerhouse in heavy civil construction. 🛣️🏗️

From dairy farming roots to multimillion-dollar site development projects, Larry shares how the business has evolved across generations — with 💪 strong family values, 💡 intentional succession planning, and 📈 strategic growth.

We dig into:
✨ Lessons learned from 65+ years of family business
👨‍👩‍👦 Navigating succession and shareholder agreements
🚧 The challenges of growing from 5 to 2 family partners
🌎 Giving back to the community — youth sports, boards, and beyond
🛠️ Multi-generational employees & the power of culture
📊 Building for the next 10 years with vision and strategy

If you're in a family business — or building a legacy of your own — this episode is packed with gold 🏆

#FamilyBusiness #MaineStrong #ConstructionLife #LegacyBuilding #ChitChatWithDerekAndCat

Show notes:

Visit www.fambusiness.org

https://volkboxes.com

🍎 Episode 4: Rooted in Tradition with Matt McAdam of McDougal Orchards

In this debut episode of Chit Chat with Derek and Cat, we visit the rolling hills of Southern Maine to talk with Matt McAdam, seventh-generation owner and orchard manager of McDougal Orchards—a family farm that’s been thriving for nearly eight generations.

Matt shares the story behind his family's deep agricultural roots, what it means to run a modern-day pick-your-own orchard, and how McDougal Orchards invites families to slow down, reconnect with nature, and appreciate the beauty of small-scale farming in Springvale, Maine.

🌳 From high-quality fruit production to creating low-impact, meaningful experiences for visitors, this episode celebrates the heart and hard work of Maine’s farming heritage.

🎙️ Meet Your Hosts:

• Catherine Wygant Fossett is the Executive Director of the Institute for Family-Owned Business (IFOB), a nonprofit dedicated to supporting and empowering family businesses across Maine. With years of experience guiding multigenerational enterprises, Cat brings a wealth of knowledge and a deep passion for family business dynamics to the conversation.

• Derek Volk is the CEO of Volk Packaging Corporation, a third-generation, family-owned corrugated box manufacturer based in Biddeford, Maine. Under Derek's leadership, the company has expanded its services and maintained a strong commitment to community and employee well-being. Derek also advocates for inclusive hiring practices, inspired by his personal experiences as a parent.

Together, Cat and Derek bring heart, humor, and deep curiosity to every chat—starting with this apple-sweet kickoff to the series.

Show notes:

Visit www.fambusiness.org

https://volkboxes.com