We’re joined by Shannon and Graves Schmidly of BHC Insurance to talk about more than just business: they walk through what it really means to step into legacy, build trust over decades, and figure out how a father and son can work side by side without losing either the relationship or the mission of the company.

If you are a family business owner or small business owner looking for:

• Guidance on navigating generational transition
• Building something that lasts
• OR Learning how to lead while still learning

This conversation will give you a real, behind-the-scenes look at what that actually takes.

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→ Connect with Graves Schmidly
→ Watch this episode on YouTube

00:00 Stats about Family Business
2:00 Shannon's journey into BHC Insurance
16:00 Graves' journey into BHC Insurance
24:00 Shannon mentoring Graves at work
40:00 Evolution of the insurance industry
44:00 Unique rewards & challenges of working together
58:00 10-year vision of BHC Insurance

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On Cornerstone Conversations, we explore the unique dynamic of fathers and sons who work together, whether they built something from scratch or carried something forward.

Our mission is to create a space for intentional conversation and storytelling around family business transitions and legacy by enabling more dads to see working with their kids as a discipleship opportunity and more sons to see working with dad as an honor, not a handout.

Connect with Kile Graves or Cornerstone Coaching on LinkedIn
Learn more about Cornerstone Coaching at www.cornerstoneco.com

Welcome to Cornerstone Conversations where we discuss timely topics impacting communities, cultures, and economies. The first topic we're gonna dive into in this series is family business:

Currently there are 32 million family businesses in the US generating over half of our GDP as a country. They also employ 83 million people. What's interesting is only 30% of family businesses make it to the second generation, and only 12% make it to the third.

You've probably heard of the great wealth transfer that is taking place across the globe in the next five to seven years. 40% of all the small businesses in the US are owned by a baby boomer who is reaching retirement age pretty soon.

As coaches, we're really interested in what those impacts do to communities and cultures at large. We've had the privilege of walking alongside a lot of family business leaders over the past few years, and we believe this major intersection is something that can really, impact communities as well.

In Season 1 of Cornerstone Conversations, we're gonna talk to six dads and sons that are working together and are trying to navigate what it means as a son to carry forward what their dad started, and as dads trying to let go of something that they've held onto for so long.

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On Cornerstone Conversations, we explore the unique dynamic of fathers and sons who work together, whether they built something from scratch or carried something forward.

Our mission is to create a space for intentional conversation and storytelling around family business transitions and legacy by enabling more dads to see working with their kids as a discipleship opportunity and more sons to see working with dad as an honor, not a handout.

Connect with Kile Graves or Cornerstone Coaching on LinkedIn
Learn more about Cornerstone Coaching at www.cornerstoneco.com