Break the Rules for Entrepreneurial Success

CareerCast - Life-long Career Development

Lloyd Shefsky

Some people believe that it is best to stick to the rules. Lloyd Shefsky, consultant, mentor and advisor to entrepreneurs, family businesses and public companies controlled by families, would absolutely disagree. Over the years, the most successful entrepreneurs he has worked with have created their own vision, strategy, and rules. In this CareerCast, Lloyd shares the five elements from his new book, Visionaries Are Made Not Born, to building a solid foundation for significant success in work and in life.

Aired December 15, 2017

Lloyd Shefsky is a consultant, coach, mentor and advisor to entrepreneurs, family businesses and public companies controlled by families. Over the years he has worked with hundreds of entrepreneurs, often from their earliest stages through expansions, public offerings, sales of the businesses, and in some cases succession to one or two additional generations of the founders’ families. He’s helped family businesses in establishing and improving corporate governance; leadership and succession planning, ownership, and voting power; instituting philanthropic efforts and performed training aimed at developing relationships among family members. Shefsky has co-founded several businesses and not-for-profit organizations.

Lloyd recently retired as Clinical Professor of Entrepreneurship, Founder and Co-director of the Center for Family Enterprises and Co-Founder of the Center for Executive Women at the Kellogg School of Management. He has taught courses, lectured and spoken in China, Japan, India, Thailand, Canada, Israel and throughout the United States. Shefsky has written professional articles on family business, entrepreneurship, and other related topics. He is the best-selling author of Entrepreneurs Are Made Not Born, published by McGraw-Hill and translated into seven languages, and Invent Reinvent Thrive, published by McGraw-Hill in August, 2014, as well as Visionarie$ Are Made Not Born, published in 2017.

Lloyd serves on corporate boards and has served on boards of private and public companies in the U.S. and elsewhere. Within those boards, he has served on Audit, Compensation and Nominating committees.

He has received honors, including the 1995 Entrepreneur of the Year Award for his support of entrepreneurship from Ernst & Young and Merrill Lynch; the 2002 Civil Rights Award from the Anti-Defamation League; the 1992 Award of Excellence from the Sports Lawyers Association; and the 1990 Distinguished Alumni Award, DePaul University.

Lloyd serves as Of Counsel to the Taft Law Firm which recently acquired the Chicago law firm, Shefsky & Froelich which he founded. As such he advises businesses on a broad range of legal, financial and business matters, including public and private capital funding, mergers and acquisitions, employee motivation and expansion.

He received his JD from The Law School at the University of Chicago, a B.S. from DePaul University, and is also a CPA.

Visionarie$ Are Made Not Born: Your Vision Can Lead to Breakthrough Success by Lloyd Shefsky (2017)

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Visionaries Are Made Not Born

Read an excerpt of Visionarie$ Are Made Not Born: Your Vision Can Lead to Breakthrough Success by Lloyd Shefsky

Read the Excerpt