What It’s like to Be the Second Generation in a Family Business
In this episode of the Prime Partners Podcast, Luke Schar, General Manager of Schar Heating & Cooling Inc., sits down to discuss carrying on a family legacy, gaining his employees’ trust, challenges and goals, and the company’s growth opportunity.
Join us in discovering what it’s like to be the second generation in a family business!
Podcast: Play in new window | Download (Duration: 30:37 — 23.1MB)
Time Stamps
- (00:59) – About Schar Heating & Cooling
- (01:39) – How did you first get involved in HVAC?
- (02:44) – When did the family business begin and what is the founder’s current role?
- (03:40) – Did you always want to be a part of the family business and are other family members involved?
- (06:33) – What are your company’s biggest challenges and what does Schar Heating do really well?
- (08:33) – Is it difficult to find people who fit your company culture?
- (10:42) – What are the challenges in the transition of taking over the family business?
- (12:39) – What are you doing to earn your employees’ trust?
- (14:34) – What have you learned from your dad that has helped you in business?
- (17:49) – As your role expands, are there things you’d like to change about the business?
- (20:36) – Do you have an endgame?
- (24:16) – Where do you see the company in the next five years?
- (26:17) – What is the timeline for you to fully take over the business and what do you see your father’s role being?
- (28:09) – What’s your vision for yourself?
- (29:14) – Final thoughts
About Luke Schar
Luke started his HVAC journey with Schar Heating & Cooling in 2018. He has a Bachelor’s degree in organizational supervision and an Associate’s degree in business management. Luke enjoys spending time with his family, cycling, sailing, and being outside in his free time.
Company Information
Contact Information
lukeschar@scharheating.com
(330) 419-8174
Time Zone: EST
About the Prime Partners Podcast
BDR’s Prime Partners podcast delivers insight on services, resources, and business practices that can help your company succeed – faster.
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