Intentional Growth

#350: What it Means to “Think Like an Owner”: Inside the Boardroom of a Privately Held Business with Brandon Henry


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Ep.#2 [THEME NINE] 
Are you thinking like an owner or an operator? 
 
Many entrepreneurs—even billionaires—can find it difficult to wear the "ownership" hat due to their involvement in operations, lack of knowledge about valuations, or because the boardroom doubles as the family kitchen table.
 
In this episode, join us as we explore the art of thinking like an owner with our special guest, and dear friend of mine, Brandon Henry, Founder of Mosaic Advisors. With extensive experience in managing over $3.5 billion in wealth for 25 families, Brandon has unique insights into the challenges and opportunities that come with wearing the "ownership" hat.
 
Discover how thinking like an owner can help you set clear goals, determine target equity valuations, and decide on income distributions. Learn how to align with partners, investors, and leadership teams to create a unified vision and work together effectively to achieve your business objectives.
 
Our conversation reveals that private businesses, regardless of size or resources, face similar challenges, and emphasizes the importance of clarity and goal-setting for successful alignment.
 
By adopting an owner's mindset, you can gain a deeper understanding of how your present decisions influence alignment with partners, contribute to long-term goals, and ensure that ownership objectives are effectively aligned with the leadership team's resources and capabilities. This is the essence of true alignment in a business.
 
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What You Will Learn
What it means to “think like an owner”.
Why so many business owners - even the ultra wealthy - feel like they are not wealthy.
How a good Board should work and why you should have one.
Why so many entrepreneurs are “allergic” to a liquidity event (cash).
The difference between an estate plan and a long-term wealth plan.
Achieving ownership and leadership alignment is crucial for business success, and this can be done by setting a target equity valuation and determining income distributions.
As an owner, you need to align with yourself, your partners, and investors, and ensure this alignment is communicated effectively to the leadership team.
Clarity of goals and effective communication can help prevent conflicts and tensions arising from misalignment.
Family-owned businesses face similar challenges to other businesses, but often have more dynamics and tension, which can make it a deterrent for A-Player executives if there is not a clear ownership strategy.
 
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Intentional GrowthBy Arkona - Intentional Growth