The big idea from my recent podcast episode with Fred Mouawad is “co-guardianship” - an approach to nurturing a business, family, and ultimately, a legacy, for generations.
Similar in ethos to stewardship, the 4th generation Mouawad brothers have developed the concept of co-guardianship to safely deliver their multi-billion dollar family enterprise into the hands of the 5th generation.
“Our responsibility was to guard that heritage. That’s why we call it co-guardians to look after it and start thinking long-term because our job is to look after it for only a certain period of time. It’s a transition from generation to generation.”
- Fred Mouawad [24:14]
This episode is jam-packed with such rich (no pun intended) content that I needed to highlight it in this extended format. Fred’s success in his own right (he’s a 7x entrepreneur) is unusual given the significant family resources available to him. Talk about developing motivated and ambitious children