Stepping into a multi-generational family business comes with its own unique pressures—especially when you’re balancing legacy, innovation, and the realities of working alongside family. How do you grow a company that’s nearly a century old while still creating space for new ideas, new industries, and the next generation of leadership?

In this episode, Andrew Tjernlund shares the story behind his family’s 88-year-old manufacturing business and how it evolved from HVAC production into a diverse operation spanning Amazon distribution, licensing partnerships, warehousing, and emerging ventures. From navigating cousin partnerships and succession planning to embracing e-commerce and entrepreneurial experimentation, Andrew offers an honest perspective on adapting a legacy business for a rapidly changing world.

In this episode, we explore:

• Growing and evolving a fourth- and fifth-generation family business
• Expanding from traditional manufacturing into Amazon and e-commerce distribution
• Balancing long-standing family dynamics with modern business innovation
• Working alongside cousins across different generations and leadership styles
• Why adaptability is essential for long-term business survival
• Creating opportunities that attract younger talent and future leaders
• Managing succession planning, ownership transitions, and buyout conversations
• Building a workplace culture focused on flexibility, trust, and employee retention
• Navigating entrepreneurship inside an established family enterprise

What’s been your experience working with family—or stepping into an established business?

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Co-hosts: Gershon Morgulis & Robert Moskovits
Guest: Andrew Tjernlund

Stepping into a family business isn’t always part of the plan—but sometimes it becomes the path you never saw coming. How do you go from outsider to operator, especially in an industry most people misunderstand?

In this episode, Lauren Goldman shares her journey from not fully understanding her family’s pawn business to becoming president of a multi-location operation in New York City. From revamping storefronts with duct tape and determination to helping scale the business into luxury retail and high-profile partnerships, Lauren offers an honest look at what it takes to lead, evolve, and prove yourself in a family-run enterprise.

In this episode, we explore:

- Growing into a family business you never expected to join
- Demystifying the pawn industry and how collateral lending really works
- Balancing innovation with long-standing family dynamics
- Building credibility as the next generation of leadership
- Managing growth across multiple locations and revenue streams
- Navigating sibling partnerships, roles, and real-life tensions
- Why adaptability—and people—are at the core of long-term success

What’s been your experience working with family—or stepping into an established business?

👉 Subscribe for more insights on family, business, and beyond.
Co-hosts: Gershon Morgulis & Robert Moskovits
Guest: Lauren Goldman

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Sponsored by Imperial Advisory

Balancing legacy, leadership, and personal identity is at the heart of every family business journey. How do you step into something you’ve always been part of—while still carving out your own path?

In this episode, Abe Daphna shares a behind-the-scenes look at growing up inside a family-run security and government contracting business. From “learning by osmosis” at the dinner table to stepping into leadership roles, Abe offers a candid perspective on what it really takes to navigate family dynamics, operational challenges, and evolving industries.

In this episode, we explore:

• Growing up in a family business and learning through experience
• Navigating the complexities of family vs. professional roles
• Leading in high-stakes industries like security and government contracting
• Building operational excellence while managing tight margins
• Why people are the most valuable asset in any business

What’s been your experience working with family—or stepping into an established business?

👉 Subscribe for more insights on family, business, and beyond.
Co-hosts: Gershon Morgulis & Robert Moskovits
Guest: Abe Daphna

Connect with Bloodlines & Bottomlines:
LinkedIn

Facebook

Instagram

YouTube

Spotify

Apple

Sponsored by Imperial Advisory