There’s something about “going the distance” that lights up my value system.
Playing the long game encourages deeper relationships, better decision making and sustainable growth. It’s not “one and done” or “growth at all costs” as is so popular in tech circles today.
Taking a long term view strips away ego and forces you to think of the next generation or the one after that. It forces you to think about your role in the community and what mark you’re leaving on the world. It forces you to embrace delayed gratification and the power of compound interest.
Businesses, families and organisations who endure the test of time have something special. They’ve weathered the ups and down, the booms and busts and come out the other side, only to grow and prosper once again.
As you peel back the layers of companies who’ve survived and thrived for over 100 years, you often discover an accompanying story of a founding family with strong community values who embrace the principles of stewardship, not just ownership.
the conducting, supervising, or managing of something
especially : the careful and responsible management of something entrusted to one’s care
I don’t know what else we will discover in studying the impact, contribution and legacies of multi-generational businesses and families, but for now, curiosity has gotten the best of me and I must dive in…
Here’s what you can expect in future issues
- Profiles of private and multi-generational businesses;
- Family constitutions, annual meetings, shared assets, education funds, annual letters and family offices;
- Interviews with inspiring owners, stewards and founders;
- Notes from a list of great biographies & business books; and
- Occasional updates on my latest business endeavours.
I welcome your referrals of books, articles, businesses and families that I can study or interview as part of this project.
I hope you enjoy sharing this Business of Family learning journey with me. Please hit “Reply” at any time or send me a DM on Twitter @MikeBoyd
, I’d love to hear from you.
All the best,