[SG]85: Family Office 101 with FOX's Glen Johnson
The Family Business Leader Podcast
Release Date: 09/02/2020
Ep #22: Taking Control of Your Family Business with Matt Lesser
The Family Business Leader Podcast
Matt Lesser was given his family’s oil business at just 22 years old and although things didn’t quite go to plan in the beginning, he got some help, turned it around, and sold it to a competitor two decades later. He’s here to talk candidly about this experience. Discover what it takes to turn around a failing family business. Matt is sharing how he worked on his mindset around rebuilding a business that was in deep trouble, and how he works with his clients to help them learn from their experiences, apply lessons, and take ownership of their organizations. Get full show...
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Ep #21: The Ripple Effect in Decision Making
The Family Business Leader Podcast
Are you aware of the ripple effect of being stuck in indecision? Whether it’s decisions in your family business or in your personal life, second-guessing one thing creates a chain reaction, meaning one simple decision can actually have profound ramifications. This week, I’m showing you how to stop feeling powerless and frustrated when you or someone else isn’t taking ownership of an important decision so you can decide how you want to show up in the situation from a place of love, caring, and neutrality. Get full show notes and more information here:
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Ep #20: Early Engagement of the Next Generation of Family Philanthropists with Molly Stifler
The Family Business Leader Podcast
I’m back with another conversation around engaging the next generation of adults in family philanthropy, this time with Molly Stiffler, the director of the Stifler Family Foundation. Molly is sharing the story of how she was first introduced to family philanthropy as a five-year-old, the importance of mentors, how being on non-profit boards benefited her when she was formally engaged, and how you can involve the next generation even before they’re ready to be formally engaged in your family foundation. Get full show notes and more information here:
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Ep #19: The Yet Statement
The Family Business Leader Podcast
Tune in this week to open your world up to the idea that it’s not that you’re not good at something, you’re just not good at it yet. I’m sharing how to apply this thought to anything that’s holding you back as a leader, and how your whole mindset will change as a result. This is also an amazing tool to share with your team or the other people in your life so they can see the potential they have available to them. Get full show notes and more information here:
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Ep #18: Preparing the Next Generation with Courtney Scott
The Family Business Leader Podcast
This week, I sat down with Courtney Scott to discuss family philanthropy. Courtney comes from a ranching and banking family, and she’s here to share everything she knows about preparing the next generation to join your family foundation. She’s sharing her valuable advice for anyone thinking of bringing their children into the fold, and we also had a deep discussion on the topic of wealth discrepancy, which is something we don’t talk about enough in the family philanthropy space. Get full show notes and more information here:
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Ep #17: Engaging the Next Generation in Family Philanthropy with Tripp Frey
The Family Business Leader Podcast
In this episode, I’m speaking to my cousin, Tripp Frey. He is the third generation of the Frey Foundation and our board chair. He was a treasurer for many years before moving up to chair, and he’s here to discuss board work, how we stay engaged in our family’s philanthropy, and his advice for anyone who might be trying to engage the emergent generation in your family foundation. Get full show notes and more information here:
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Ep #16: Engaging New Board Members in Your Family Foundation with Theo Avery
The Family Business Leader Podcast
This week, I’m interviewing Theo Avery, a third-generation family business leader of The Durfee Foundation. He’s here to share his insights into how his family engaged him in the foundation without pressure, and how he got involved while he was also in the process of starting out his own career. Discover how to engage the next generation in your family foundation and some things to consider when onboarding new board members. Get full show notes and more information here:
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Ep #15: Taking Back Control
The Family Business Leader Podcast
This week, I'm discussing how to take back control when self-doubt and overwhelm take over. This process is easier than you might expect, and I’m giving you one simple question you can ask yourself to start moving through this experience and take back the feeling of control and move forward from that place. Get full show notes and more information here:
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Ep #14: Learner's Mindset
The Family Business Leader Podcast
There are so many occasions where life throws us challenging circumstances. And while this looks different for all of us, I’m showing you how adopting a learner’s mindset will allow you to lead in a powerful way through any situation. Get full show notes and more information here:
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Ep #13: 2 Tools for Tough Conversations
The Family Business Leader Podcast
Discover my two favorite tools to use when you know a tough conversation is coming. I’m sharing why knowing what hat you’re going to wear is so important, and how to focus on the things you can change, instead of getting frustrated about what you can’t. Get full show notes and more information here:
info_outlineWelcome!
Full show notes can be found at www.successfulgenerations.com/episode085
Questions:
- What is a family office?
- Who should create a family office? Who Shouldn't?
- How do you get started? Do you have to have billions of dollars to start a family office?
- Who should lead a family office?
- What are a few best practices and lessons learned?
- What are a few resources newbies should check out when thinking about starting a family office?
- What is FOX's role?
- How can we connect with you?
BIO
Glen Johnson is Chief Operating Officer at Family Office Exchange (FOX). In this role, he is responsible for all aspects of the member experience, ensuring that each family member, family office executive, and trusted advisor has an unsurpassed experience partnering with FOX by providing unique industry knowledge and insights coupled with a safe and confidential environment where members can share best practices. In addition, Glen oversees the operations of FOX and is charged with establishing and executing systems to execute FOX’s strategic plan, promoting it’s vision and service-centric culture, and enabling the FOX team to work together to exceed our member’s expectations.
Glen has over 30 years of experience working with family offices, business owners, and executives, first as an attorney and then as a wealth advisor, eventually founding Mirador Family Wealth Advisors – the multi-family office for Fifth Third Bank. He has worked with business owners and executives across all stages of their business life cycle including business succession. Glen writes and speaks nationally focusing on family and business governance and the unique challenges faced during the sale and transition of closely held businesses.
Glen earned a Bachelor of Sciences degree in Education from the University of Michigan in Ann Arbor, MI and a Juris Doctorate degree from Wayne State University Law School in Detroit, MI.
Resources
Family Champion with Joshua Nacht
Rising Generation Education with Mindy Earley