Family values often serve as the bedrock upon which lasting legacies are built, not just within families but also in the business world. For Michael Shvartsman, these values have been central to his success as an entrepreneur and community leader. He believes that incorporating core principles into business practices can create a strong foundation for long-term success, such principles as:
- integrity,
- responsibility,
- empathy.
Michael Shvartsman shares, “The values that shape your family life don’t disappear when you walk into the office. In fact, they should guide how you lead, how you treat your team, and how you approach challenges.” For him, the emphasis on transparency and fairness in his personal life directly translates into how he runs his business operations. “When people see that you run your company with the same values you live by, it builds trust. That trust is the cornerstone of building something that lasts.”
One aspect of this family-driven approach is creating a company culture that reflects these values. Michael Shvartsman points out, “Your business is an extension of who you are, so if your values are strong at home, they can set the tone for your work culture. Employees who feel connected to these shared values are more likely to stay invested in the long-term vision.”
Family values also play a crucial role in how businesses approach challenges. “In business, just like in family life, there will always be obstacles. But having values like perseverance and unity makes it easier to navigate difficult times,” Michael Shvartsman explains. He believes that these values help build resilience, both for individuals and organizations.
Michael Shvartsman also highlights the importance of succession planning when discussing the concept of legacy. “Building a business that outlives you isn’t just about making it financially sound. It’s about ensuring the principles that made it successful are passed on to the next generation.” He sees this as both a personal and professional responsibility, noting that mentoring the next wave of leaders is one of the most impactful ways to ensure that a business remains strong long after its founders are gone.
Another key element of this legacy is the impact on the community. Michael Shvartsman has always made giving back a priority in his life, supporting philanthropic efforts and encouraging his business to do the same. “A business isn’t an island. It’s part of a larger ecosystem, and family values remind us that we have a responsibility to our community,” he adds.
For Michael Shvartsman, the values instilled in him by his family helped shape his approach to both life and business. “When you build your business with the same dedication, care, and ethics that you apply to your family, the results are enduring. The impact is not just measured in profits, but in the people you help and the values you pass on.”
Michael Shvartsman’s advice to those looking to build their own lasting legacy is to remember that it starts with something as simple as values. “You can build a successful company, but if you don’t have strong values guiding it, the success will be hollow. Focus on what matters to you personally, and let that influence how you lead.” Through his example, Michael Shvartsman illustrates how family values can be the driving force behind building something that stands the test of time—whether in business, community work, or family life.