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Episode 011: Digging Into the Family Business Landscape with Daniel G. Van Der Vliet

January 10, 2018

Daniel G. Van Der Vliet

In this episode, my guest Dann Van Der Vliet and I dig into family business from the family business center/academic perspective. Dann is currently The John and Dyan Smith Executive Director of Family Business, part of the Smith Family Business Initiative, at Cornell University. Dann tells us about his role and the family business initiative at Cornell, which is fairly unique. There are less than 100 programs in North America focused on family business—especially staggering considering there are close to 4,000 programs on entrepreneurship.

Together, we discuss family business centers and their role as a resource for family businesses; Dann gives us his version of OMFG (ownership, management, governance and family); and we go deep on the link between family business and entrepreneurship.

Topics discussed in this episode:

  • Meet Dann (1:52)
  • What is a family business center? (3:10)
  • The importance of peer-to-peer learning (4:48)
  • Dann’s version of OMFG (7:38)
  • Tools for good governance (13:20)
  • Family business and wealth in the spotlight (20:00)
  • Next Gen impact and family business (24:32)
  • Family business and entrepreneurism (30:15)
  • Using entrepreneurism as a teaching ground (35:07)
  • Leveraging networks (38:49)
  • How to find Dann (43:28)
  • Bonus questions! (47:00)

Notable & Quotable:

As society moves ever faster, there’s a feeling that we’re becoming less connected. Family businesses fly in the face of that. They are a constant in our communities. They have the corner market on trust and familiarity. —Daniel Van Der Vliet #successfulgenerations #familybusiness


When the next generation of a family business initiates or leads the conversation, they demonstrate leadership, show curiosity, and break down barriers. —Daniel Van Der Vliet #successfulgenerations #familybusiness


The issues from family business to family wealth are the same; your still dealing with family members, planning for the future, changing from one generation to the next, and managing expectations in an ever-changing world. —Daniel Van Der Vliet #successfulgenerations #familybusiness


Family businesses create wealth, and often because of their family values, they create a philanthropic vehicle. —Ellie Frey Zagel #successfulgenerations #familybusiness #philanthropy


To be a leader you have to earn credibility and respect first, and not just from the family, but also from the other people in the enterprise that make it work. —Daniel Van Der Vliet #successfulgenerations #familybusiness


Sometimes a simple conversation can save a family (and the family business). —Ellie Frey Zagel


There is a strong connection between family business and entrepreneurship. —Daniel Van Der Vliet #successfulgenerations #familybusiness


Family businesses are not just the corner stores in your neighborhood. They drive innovation globally and tend to be a great place for creating new ideas and nurturing the next generation. —Daniel Van Der Vliet #successfulgenerations #familybusiness


There’s a strong connection between family business and entrepreneurism. Family often has the resources and the network, be they social, intellectual or financial, to help drive and spur innovation.—Daniel Van Der Vliet #successfulgenerations #familybusiness


Rather than think about what will happen if you fail, think about what it will look like when you succeed. —Daniel Van Der Vliet #successfulgenerations #familybusiness


Resources mentioned in this episode:

Smith Family Business Initiative at Cornell
Smith Family Business Initiative Upcoming events
Family Business Blog
@FamBizSuccess

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Want more of Successful Generations? Check out our other episodes: 

Episode 010: 10 Things My Family Did to Engage us in Family Philanthropy
Episode 009: Stress Management and Holistic Health with Cynthia Damaskos
Episode 008: Family, Fights and Ferry Tales with Chris Shepler
Episode 007: Raising Financially Responsible Kids Through the Holidays (and Beyond)
Episode 006: Join the Philanthropic Revolution with Michael Moody
Episode 005: Estate Planning 101 aka Estate Planning is Not Optional with Susan Gell Meyers 
Episode 004: Ginny Esposito – Engaging your Family in Family Philanthropy
Episode 003: Leadership, Wellness, and Concierge Medicine with Dr. Bill Baer
Episode 002: Douglas D Box, Texas Patriarch – A Legacy Lost
Episode 001: About Your Host Ellie Frey Zagel

Learn more about Successful Generations:

FB: @SuccessfulGenerations
Twitter: @EllieFreyZagel
Email: ellie@successfulgenerations.com
Instagram: SuccessfulGenerations


Have a topic suggestion?

If you are the next generation of family business, philanthropy and wealth, and have a topic you think we should discuss, let us know at Ellie@successfulgenerations.com.

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Family Business

Ellie Frey Zagel

Ellie Frey Zagel is 3rd Generation, Vice Chair and Trustee of her family’s foundation the Frey Foundation based in Grand Rapids, MI. For nearly a decade she has been deeply involved in working with the next generation of family business, family philanthropy, and family wealth, first as Director of the Family Business Alliance and now as President of Successful Generations, a company she recently founded.

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