Episode 51: Creating a Lasting Legacy—Matt Eyre on Entrepreneurship and Family

The BizDad Podcast

"I just want to be able to teach my kids about investing as soon as possible—and I want to try to leave a legacy for them. Now, I just want them to be proud of me." —Matt Eyre

Matt Eyre shares his transition into the family business, Airbus Service, and his role in co-founding Air Heavy Duty Fleet Services. The discussion delves into raising athletic children, sustaining a lasting marriage, and leveraging mentorship and leadership frameworks for business growth. Discover how Matt integrates family priorities with entrepreneurial endeavors, emphasizing the importance of leaving a lasting family legacy.

Takeaways

- Family is more important than business, and it is crucial to prioritize and emphasize family values.

- Creating and communicating core values within the family helps build a strong and harmonious family unit.

- Core values should guide decision-making and actions in both personal and professional life.

- Having the right team is essential for business growth and success.

- Leaving a legacy for children involves equipping them with the tools and knowledge to be successful in life.

And much more!

Connect wth Matt:

Eyre Bus Service: https://eyre.com/

Timestamps:

00:00 Intro and Background

00:40 Family and Business

04:49 Transitioning to the Next Generation

06:39 Passion for Sports and Skiing

08:06 Health and Retirement

09:14 Annual Ski Trips and Helicopter Skiing

13:13 Sports and Athletics in the Family

16:01 Building a Relationship

19:19 Working Outside the Family Business

22:18 Planning for the Future

23:29 Keys to a Successful Marriage

26:53 Implementing Lessons Learned

30:26 Taking Massive Action

31:36 Leaving a Legacy

31:50 Involving Family in Vision and Goals

36:09 Kids in Sports

38:34 Balancing Pushing Kids and Avoiding Overwhelm

42:45 Creating Memories

51:29 Family Board Meeting

55:24 Family Harmony

57:25 Avoiding Dysfunction

01:02:36 Open and Honest Communication

01:03:14 Family in Business

01:04:11 Defining Core Values

01:06:29 Creating Core Values as a Family

01:07:26 Aligning Actions with Core Values

01:08:14 Using Core Values in Business and Family

01:10:02 Involving Children in Core Values Discussion

01:13:08 Implementing Core Values in Daily Life

01:14:08 Business Goals and Growth

01:16:30 Expanding Business through Acquisitions

01:19:00 Building a Buy Box for Acquisitions

01:21:13 The Importance of Having the Right Team

01:22:21 Starting a Maintenance Division

01:26:11 Focusing on Core Business

01:27:26 Leaving a Legacy for Children

01:29:25 Teaching Children about Investing

01:30:36 Children Choosing Different Paths

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