From Family Legacy to Long-Term Business Growth with Michael Wilbur
In this episode of the Premier Path Podcast, Patrick York sits down with Michael Wilbur, Executive Vice President of the North American Association of Floor Covering Distributors (NAFCD), to discuss what it takes to build a business that lasts.
They explore the unique passion and relationships that define the floor covering distribution industry, the importance of creating space to work on the business rather than just in it, and why connecting with peers can provide invaluable perspective for business owners. They also discuss some of the biggest issues facing owners today—from rising costs and AI to leadership transitions and preparing the next generation.
The conversation ultimately comes back to succession and legacy: there is no single path that is right for every business. Whether an owner hopes to transition the company to the next generation, sell, or pursue another path, the first step is understanding why they built the business and what they ultimately want it to become.
Patrick and Michael also look ahead to NAFCD’s upcoming convention and the opportunities these industry gatherings create for owners and their teams to learn, connect, and prepare their businesses for what comes next.
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Premier Path Wealth Partners is registered as an investment adviser with the United States Securities and Exchange Commission. SEC registration does not constitute an endorsement of the Firm by the Commission, nor does it indicate that the Firm has attained a particular level of skill or ability. The material discussed in this episode is provided for informational purposes only and should not be taken as tax, legal or investment advice. Any market information is from sources deemed reliable and may be the opinions of investment professionals, but you should consult your financial advisor for further assistance. Past performance of investment, sector, or index is not indicative of future results. Please refer to Premier Path's disclosure documents for further information concerning specific products or services.