Turning Loss to Legacy, with Amanda Bauer-Frisch
Amanda Bauer-Frisch, serial entrepreneur and the CEO of the Enduring Legacy Company, talks about the grief and loss that shaped her first product, the importance of teaching kids about financial literacy, why the word "legacy" shows up in almost all of her businesses, and how she's helping to uplift not only her customers, but her employees as well.
Transcript
Welcome to Let's Talk Legacy. I'm your host, Gary
Gary Michels:Michels. Today we have Amanda Bauer Frisch on, who is a serial
Gary Michels:entrepreneur and the CEO of the enduring legacy company, which
Gary Michels:obviously caught our eyes. And we're all about leaving a legacy
Gary Michels:for people. She's dedicated to leaving a lasting impact through
Gary Michels:heartfelt purpose driven businesses that resonate with
Gary Michels:families worldwide. So welcome to the show.
Gary Michels:Amanda Bauer-Frisch: Thank you very much.
Gary Michels:So your path from human resources to full time
Gary Michels:parenting, and then to becoming a serial entrepreneur is is
Gary Michels:quite a journey, and one which was shaped in many ways by
Gary Michels:grief. Yes, that caught my eye. And I know our team was
Gary Michels:wondering about that. Can you share that story with us?
Gary Michels:Amanda Bauer-Frisch: Absolutely. So in 2017, I was a full time
Gary Michels:human resources manager for a large grocery store chain, and I
Gary Michels:loved my job, love the company I worked for, and my husband and I
Gary Michels:had a one year old son. And I was in April of that year, I was
Gary Michels:four months pregnant with our second and we were eating dinner
Gary Michels:one night, and my husband had a weird pain in his throat, he
Gary Michels:knew that his family had a history of heart health issues.
Gary Michels:So out of an abundance of caution, we decided to go to the
Gary Michels:emergency room just to get checked out to make sure he was
Gary Michels:okay. He was not okay, he was having an aortic dissection,
Gary Michels:which is where his aortic valve was basically was tearing in
Gary Michels:half. And he passed away about two hours after we got to the
Gary Michels:emergency room. Oh, wow. So really, in the blink of an eye,
Gary Michels:you know, my life was totally upside down. And I was pregnant
Gary Michels:widow with a one year old at home. And I needed to figure out
Gary Michels:how to put my life back together. From there, I fast
Gary Michels:forward a couple of years, I was a stay at home mom by choice. I
Gary Michels:had recently remarried, and I started making wood banks in my
Gary Michels:garage, I made these wood piggy banks that have three
Gary Michels:compartments that say give save spend, my late husband was very
Gary Michels:passionate about financial literacy, he was a sheriff's
Gary Michels:deputy, and really had that passion to serve the community.
Gary Michels:But his other calling was financial literacy. So I kind of
Gary Michels:had this feeling inside. Like if I'm going to teach my kids
Gary Michels:anything from their dad, I have to teach them this basic thing.
Gary Michels:So I made these wood banks and I engraved the kids names on top
Gary Michels:and my new husband encouraged me to list them on Etsy. And when I
Gary Michels:did that, they just took off and I couldn't make enough of them.
Gary Michels:In the beginning, I did all the woodworking myself in my garage.
Gary Michels:And I will say I am not a woodworker, I just needed
Gary Michels:something to do a craft a project to do. And also at the
Gary Michels:time when I started this, it was the beginning of the pandemic.
Gary Michels:And I just needed something to do. Now we have a wood toy
Gary Michels:manufacturer, who makes the wood banks for us, and we engrave the
Gary Michels:kids names on top. And then we also just published a book
Gary Michels:called Jeremiah learns to earn that teaches kids a really cute
Gary Michels:story about learning to give, save and spend.
Gary Michels:Wow, that's awesome. Do you have thoughts
Gary Michels:about allowances? Do you have thoughts about when you start to
Gary Michels:give in a What age is the right time for a child to start to
Gary Michels:learn about money?
Gary Michels:Amanda Bauer-Frisch: Yeah, that's a great question. One we
Gary Michels:get a lot. I will say I don't know that there's a right or
Gary Michels:wrong answer it really each family is unique. And I will say
Gary Michels:in our family, there are some chores, if you will, that are
Gary Michels:just expected of our kids, because they're a member of the
Gary Michels:family, brush their teeth and take a shower and that kind of
Gary Michels:thing. And those are just expectations that we have of
Gary Michels:them. And then occasionally, they have an opportunity to earn
Gary Michels:extra money, if they help with a job that we've asked of them.
Gary Michels:And my kids are still young. So the older two are definitely
Gary Michels:starting to earn some money. But we're really like on the cusp of
Gary Michels:their natural interest. Some children are interested in money
Gary Michels:a lot earlier. So I would say if you're your kid is expressing
Gary Michels:interest, that's a great time to start.
Gary Michels:Right? That's pretty cool. Now you say that
Gary Michels:along with the way you learned it isn't about winning or
Gary Michels:failing, it's about simply participant in and that being
Gary Michels:absent is the worst thing you can do. So talk a little bit
Gary Michels:about that.
Gary Michels:Amanda Bauer-Frisch: I was able to participate in a TEDx event.
Gary Michels:And the title of my talk was in defense of participation
Gary Michels:trophies, which I know is a is a hot button issue for a lot of
Gary Michels:people and it's quick to kind of dismiss them as junk or just
Gary Michels:encouraging this Everyone's a winner culture. But I know from
Gary Michels:personal experience, when I was really in the depths of grief
Gary Michels:after my husband died, it was very easy to want to just lay in
Gary Michels:bed all day and not participate in basic things in life or the
Gary Michels:community or my family. And I think if we kind of reframe our
Gary Michels:thoughts around what it means to participate, you know, Michael
Gary Michels:Jordan credits his success to missing over 9000 baskets during
Gary Michels:his career. And if we take that mindset of I'm capable of doing
Gary Michels:anything if I put my mind to it, and I keep trying and I get it
Gary Michels:right versus I didn't make it on the first time I tried. So I bet
Gary Michels:just give up. I think that type of growth mindset could be
Gary Michels:beneficial to a lot of people.
Gary Michels:Absolutely. Yeah. But it all goes to a person's
Gary Michels:self worth and self esteem.
Gary Michels:Amanda Bauer-Frisch: Absolutely. You know, there's a couple
Gary Michels:famous sayings, one that comes to my mind is you're the average
Gary Michels:of the five people you spend the most time with. Yeah. And then
Gary Michels:whether you think you can or you think you can't, you're right.
Gary Michels:And, you know, if you surround yourself with people who believe
Gary Michels:in you and see your effort, you will start to make your goals a
Gary Michels:reality.
Gary Michels:And it's not a perfect science, but it's pretty
Gary Michels:darn right.
Gary Michels:Amanda Bauer-Frisch: Absolutely. Or if you're, you're in one of
Gary Michels:those funks, I think, take an audit of who you're spending
Gary Michels:your time with. Maybe it's time to change those five people.
Gary Michels:So what is the enduring legacy bank? How does
Gary Michels:that work? How does the concept work?
Gary Michels:Amanda Bauer-Frisch: Yeah, so one thing that we realized
Gary Michels:really early on when we started selling our banks, is this sense
Gary Michels:of passing on good financial literacy skills that I have for
Gary Michels:my late husband, is common to many families. And so we really
Gary Michels:want to recognize that this is a common trait that a lot of
Gary Michels:families want to preserve. And it's not just about my family's
Gary Michels:legacy, and my late husband, it's about helping each
Gary Michels:individual family preserve their legacy. And then also along the
Gary Michels:way, there was another small woodworking business called Navy
Gary Michels:paddles. And we took over operation of that brand, we make
Gary Michels:plaques and awards that become retirement gifts or military
Gary Michels:recognition. And we felt like the name enduring legacy quo
Gary Michels:really encompassed everything we were trying to do in the
Gary Michels:different spaces, you know, from honoring people's financial
Gary Michels:legacies, legacies, or maybe their their work and
Gary Michels:professional legacies. It's kind of how the name evolved.
Gary Michels:Sweet. What kind of feedback have you gotten from
Gary Michels:parents about how their child's changed or learned from having
Gary Michels:these little small legacies? And these products of these banks?
Gary Michels:Has it been more of like a game for them? Are they actually have
Gary Michels:you heard any feedback about it actually, is they're learning
Gary Michels:some of the concepts?
Gary Michels:Amanda Bauer-Frisch: Yes, one thing that we've heard quite
Gary Michels:frequently over and over is, because our banks are very
Gary Michels:popular to gift around the holidays. And we will get a note
Gary Michels:saying, you know, my kids opened all of their presents, and the
Gary Michels:only one that they played with was the bank. And it's really
Gary Michels:not meant to be a toy, but I'm just glad that the kids are, you
Gary Michels:know, engaging with it. Really, the best feedback that we've
Gary Michels:gotten is that it creates an opportunity for families to
Gary Michels:start the conversation, because a lot of parents just don't even
Gary Michels:know like, how do I even touch this topic with a 10 foot pole.
Gary Michels:And we really believe it's not something that your kids are
Gary Michels:going to learn overnight. This is a lifetime of, you know,
Gary Michels:these small habits that you're trying to build into their, into
Gary Michels:their world, and the small learning moments over time that
Gary Michels:are going to help preserve your legacy. So that's really the
Gary Michels:coolest feedback.
Gary Michels:What is your overriding vision? You did this
Gary Michels:to honor your your late husband, but there's something deeper
Gary Michels:calling you? Yep. What's your message? What's your purpose?
Gary Michels:Amanda Bauer-Frisch: That is a great question. Because in the
Gary Michels:beginning, my purpose I just felt like was, I need to make my
Gary Michels:late husband proud. And that was really the driving force for a
Gary Michels:while. That's still there. But I think the bigger driving force
Gary Michels:is, I want to leave the world a little bit better for my kids,
Gary Michels:and not just my children, but you know, their generation. I
Gary Michels:don't know what that looks like, or how I'm meant to do that. But
Gary Michels:I think showing up every day with a good attitude. And
Gary Michels:positive intent is half of the battle. So I and I think I do
Gary Michels:that by being a good business owner and a good employer to
Gary Michels:people and showing, you know, being an example of how to treat
Gary Michels:people with respect, and that's what fuels me now.
Gary Michels:That's good. Now, all of your businesses, if I
Gary Michels:hear you, right, you got the bank, you got the recognition
Gary Michels:program, you got your speaking, right?
Gary Michels:Amanda Bauer-Frisch: Yes, and we have one more brand that falls
Gary Michels:under our umbrella. And that is a quilt shop and sewing machine
Gary Michels:dealership called stitches in time, maybe at first glance is
Gary Michels:like how does that fit in with your stuff. But the clients that
Gary Michels:are really passionate about quilting and sewing, the same
Gary Michels:passion that drives me to want to leave a legacy for my kids
Gary Michels:drives them when they're making a quilt. They're thinking about
Gary Michels:the same things every time they make a blanket for the person
Gary Michels:that they're gonna give it to. And it's really just helping
Gary Michels:people unlock that drive that's already in them to help preserve
Gary Michels:their own legacy.
Gary Michels:Do you have any desires to expand all these
Gary Michels:businesses to even a bigger cause? Or are you kind of in the
Gary Michels:very focus to better these brands?
Gary Michels:Amanda Bauer-Frisch: Absolutely, I mean, I've been a small
Gary Michels:business owner for four years now. The Navy paddles brand had
Gary Michels:been in business for 10 years when we took it over and the
Gary Michels:quilt shop had been in business for 24 years. So we, you know,
Gary Michels:have big shoes to fill with the brands that we took over. And,
Gary Michels:you know, the small legacies brand, the banks that I was
Gary Michels:trying to build myself, but I absolutely see them growing. I
Gary Michels:just don't know where yet, in a couple of years, it'll the path
Gary Michels:will materialize.
Gary Michels:Yeah, every day, it probably gets a little
Gary Michels:clearer and then all of a sudden is gonna send a hit, right? So
Gary Michels:legacy is what this show is all about. It's so important. I
Gary Michels:think for so many people in our world, it drives them to what
Gary Michels:they do every day, yet, very few people are ever asked, What's
Gary Michels:your legacy? And the word legacy, though shows up in all
Gary Michels:areas of your life, it seems like, Hmm, what does that word
Gary Michels:mean, specifically to you? And why is it important to further
Gary Michels:legacy on in life?
Gary Michels:Amanda Bauer-Frisch: You know, for my family, my kids, I have
Gary Michels:three boys. Now, my oldest two biologically, were my late
Gary Michels:husband's, and they've been adopted now by my new husband,
Gary Michels:but I definitely feel like I have a big role to play for
Gary Michels:them, and in helping to introduce them to their dad that
Gary Michels:they never knew and teach them what he was all about, and what
Gary Michels:he stood for as a man and, and human. So the word legacy
Gary Michels:definitely has a stronger meaning. To me personally, I
Gary Michels:think at this stage in my life, just because I've been so
Gary Michels:focused on helping to preserve my late husband's memory for
Gary Michels:these two little boys. But like I said, once I started sharing
Gary Michels:that with people that that was my, in my heart. And what I
Gary Michels:really wanted to do, I realized that so many other people have a
Gary Michels:very similar story, maybe just for different reasons. That
Gary Michels:desire to pass on the positive aspects of your loved ones, is
Gary Michels:something that a lot of people share.
Gary Michels:How many people are involved in your businesses?
Gary Michels:Amanda Bauer-Frisch: We have 10 employees, there's three that
Gary Michels:are involved in all three, and then I have an integrator for
Gary Michels:each brand. And, and then some, like, we have woodworkers that
Gary Michels:only work obviously, on our woodworking projects, we have a
Gary Michels:couple of quilting instructors who only work at the quilt shop.
Gary Michels:Are you doing anything currently, either
Gary Michels:consciously or subconsciously, to further the legacy with your
Gary Michels:10 employees. And further that we are a legacy company, we are
Gary Michels:a company that's making a lasting difference?
Gary Michels:Amanda Bauer-Frisch: Yes, one thing that's been really a
Gary Michels:passion project for mine is in in my company, to be a great
Gary Michels:employer, to everyone that works for us, but specifically for
Gary Michels:moms. Because if you know, a working mom, like it's very
Gary Michels:difficult to have any type of balance, just being able to
Gary Michels:manage it all is really hard. And we have several moms on our
Gary Michels:team. And I feel like I and our company can help leave a legacy
Gary Michels:for their family by paying them well, by being a great employer.
Gary Michels:By being flexible when you know that inevitable PIDs stuff comes
Gary Michels:up. So I feel like in that small way, we're already we're already
Gary Michels:doing that. And everyone on our team sees the passion behind
Gary Michels:either the words that we're sending out, or, you know,
Gary Michels:seeing the passion behind finding or helping one of our
Gary Michels:clients finish their quilt, they all feel that too. And I think
Gary Michels:that is something I try to do often is call out that like
Gary Michels:special feeling that you get when you help a client finish
Gary Michels:their quilt or when you send out a really cool award. Those kinds
Gary Michels:of moments don't happen at a Joanne fabrics. But they do
Gary Michels:happen in small business and they do happen, you know, when
Gary Michels:you have a passionate group of people. So we try to call those
Gary Michels:out when they're happening, those special moments as they're
Gary Michels:happening.
Gary Michels:As our listeners hop off the podcast today, if
Gary Michels:there was one message that you'd like them to leave with, that
Gary Michels:they would just go, Huh, I want to do that to better my life.
Gary Michels:What would that message be that you hope you've conveyed to them
Gary Michels:today?
Gary Michels:Amanda Bauer-Frisch: I think if there's one thing that people
Gary Michels:can take away from my message is that participation really can be
Gary Michels:so powerful. And having positive effort in the world. I think
Gary Michels:people are very quick to give up on their own hopes and dreams
Gary Michels:because they're afraid of of participation. And if you can
Gary Michels:take that first step towards whatever is the legacy that you
Gary Michels:want to pass on. take that first step outside of your comfort
Gary Michels:zone and see what happens. I think that could be really
Gary Michels:powerful.
Gary Michels:Awesome. How would someone get in touch with you?
Gary Michels:Amanda Bauer-Frisch: Absolutely. They could check out our
Gary Michels:website enduring legacy code.com Or check out the TEDx talk on on
Gary Michels:YouTube called in defense of participation trophies. Those
Gary Michels:are two places they could find us.
Gary Michels:Well, thank you so much, Amanda.
Gary Michels:Amanda Bauer-Frisch: Thanks so much.