How Can Community Be A Competitive Advantage?

On this episode of The Family Business Voice, John J Lamont from Nowchem talks with Ramia about how his family’s bond shaped their succession strategy and how these experiences might translate to the family’s next generation of leaders.

– John and his siblings literally grew up in the chemical factory, even living on-premise for a year after their parents relocated the family and started the business — an experience that brought them closer together.

– The Lamont family approached succession in the most pragmatic way, starting an open, honest dialogue between everyone involved years before transition was imminent. As a result, John was able to make ambitious plans for the future, confident that family issues wouldn’t stand in the way of Nowchem’s expansion.

– Nowchem has played a critical role in their community through the pandemic, staying open six days a week to manufacture cleaning supplies and keep people employed.

Listen to this episode on Spotify, Apple Podcasts, Google Podcasts, Stitcher and TuneIn.

Experience the full interactive article here: https://www.tharawat-magazine.com/stories/nowchem-the-bond-that-shapes-family-and-business/