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Global Reach, Building the Community & a Reflection on the Journey So Far

The Business of Family
Global Reach, Building the Community & a Reflection on the Journey So Far
By Mike Boyd • Issue #36 • View online
In the past four weeks I’ve had conversations with members of The Business of Family community from all over the world.
From Lagos, Barcelona, Boston, Melbourne, India, Christchurch, Johannesburg, Miami, Nairobi, Guayaquil, London, San Diego, Jakarta, Los Angeles, Mexico City, Vancouver, Malta, Bangkok and Singapore. All in the past month!
I’m learning so much from each you and feel incredibly grateful for the new knowledge, friendships and opportunities that have sparked from this project.
Three reflections on where I’m up to on this journey:
1) This “project” is quickly outgrowing me and I need to either a) build a team and scale up further, or b) slow down to keep up. I’m not known for taking things slowly…
2) My one-to-one conversations need to move to many-to-many. I’m thinking about how we could bring this community together so you can meet and learn from each other’s shared experiences.
What would you like to see? Who would you like to learn from? Can I help to connect you?
3) I’ve started receiving a lot of inbound from PR companies trying to book podcast guests on the show (no thank you). While it’s nice validation that we’ve reached a size to warrant commercial interest, I’ll never jeopardise the integrity of the show with guest placements.
The cost of operating the project however is high and growing, so perhaps a well-aligned sponsor who I believe in would make more sense.
A small request please:
If we haven’t connected before (or even if we have!), please hit reply, introduce yourself and share your thoughts with me. 10 words will do.
As I ponder where next to take this and how to add increasing value, who better to ask than those who have enjoyed following along so far?
Thank you so much for your ongoing support.
Mike.

Recommended Reading
Growing up in a family with significant wealth or a family business can often feel like an exercise in silence. What should you ask? Whom should you ask? When? Is it ever right to talk about such things?
  • Come to understand the true causes of entitlement and dependency
  • Identify the psychological characteristics of the rising generation and the challenges proper to its development
  • Clarify their own dreams, work, and vocation
  • Navigate personal relationships and communication within the context of wealth
  • Recognize the special challenges faced when rising is delayed until mid-life.
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This Week's Podcast Episode
Tiho is back for a second conversation about family office investing, including a deep dive into real estate mezzanine debt investing, uncorrelated assets for downside protection, citizenship by investment, second passports, territorial tax systems and his global view of markets today.
  • Discussing Residence Planning perspective: What is the purpose that we’re trying to accomplish here?
  • Everything is negotiable in the world of finance.
  • Tiho shares that a lot of investors in this period want to make a lot of money as quickly as possible, as this time is not very suitable for long-term investment.
  • He explains the reasons why this recession has been the worst in a long time, but this does not reflect in some assets and certain locations.
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‎If you would like to leave a review for the podcast, this link will prompt you to open iTunes directly where you can leave a comment. Thank you!
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Interesting Links
Mark Brooks
Parenting milestones:
1) kid does something
2) kid does something you taught them to do
3) kid does something you taught them to do better than you can
4) kid does something you never knew how to do
5) kid teaches you to do something you never knew how to do
LVMH-Backed L Catterton Nears Deal to Acquire Birkenstock
LVMH-Backed L Catterton Nears Deal to Acquire Birkenstock
In the end, the family owners of Birkenstock preferred L Catterton’s track record with family-backed consumer brands as well as its ability to expand in Asia
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The Rise Of The Family Office: Where Do They Go Beyond 2019?
The Rise Of The Family Office: Where Do They Go Beyond 2019?
Looking back to where family offices originated, what can we expect from the future?
www.forbes.com  •  Share
Travel tycoon’s legacy: The Versailles of the African bush
Travel tycoon’s legacy: The Versailles of the African bush
The task of fulfilling the patriarch’s vision fell principally to Antoinette (“Toni”) Tollman, his elder daughter, who oversees design at the family’s luxury brands.
As well as building the grandest lodge in Africa, she wanted to fill it with contemporary artwork and design. Four years after embarking on the mission, she describes the experience as “like giving birth to a rhinoceros”. Xigera, as the lodge is called, finally opened in December.
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Stay in touch
Mike Boyd is the co-owner and CEO of the Vroom Group, Founder of Prosura insurance, Investor at Mudbrick Capital, Host of The Business of Family Podcast and an active member of YPO.
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Mike Boyd

I'm inspired by multi-generational businesses and the families who steward them. Join me as I learn how some of the world's most interesting families share values, knowledge, resources, and wealth with the next generation.

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