Garvin Brown recently retired from Brown-Forman Corporation, the company behind Jack Daniel’s Tennessee Whiskey, founded by his great-great-grandfather in 1870. His career with the company began as a wine salesperson in New York and evolved through various corporate and operational roles. By 2007, Garvin had become chairman, steering the company through key transitions between the fourth and fifth generations of the Brown family.

Currently, Garvin serves on Brown-Forman's family-holding company board and contributes to global initiatives in democracy and development. He is also a board member of Dendrifund, a foundation dedicated to the sustainability of the elements essential to crafting premium bourbon.

In this episode of The Dealmakers’ Edge, Aaron Strauss sits down with Garvin Brown to explore his unique journey and the pivotal role of family governance in sustaining a multi-generational business. They discuss how Brown-Forman balances innovation with tradition, the company’s marketing and brand strategies, and the importance of financial discipline. Garvin also shares insights into navigating the challenges of leadership, managing stress, and building trust with stakeholders. Additionally, they delve into his philanthropic pursuits and his passion for community impact.

1:27 – Garvin’s bicultural background and career journey at Brown-Forman

5:06 – The economics of family businesses and surviving Prohibition

8:42 – Non-family CEOs and the evolution of Brown-Forman’s governance model

13:52 – Leveraging marketing, branding, and innovation to drive financial success

20:59 – Managing stress, overcoming challenges, and fostering trust in leadership

26:27 – Philanthropy and Garvin’s dedication to sustainability and community impact

Mentioned In Leadership and Governance in a Multi-Generational Business with Garvin Brown

Brown-Forman

Headspace

Dendrifund

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Connect with Aaron and the A.Y. Strauss team:

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In this episode of The Dealmaker’s Edge, Aaron Strauss is joined by Stephen Bittel, founder and chairman of Terranova Corporation. With over four decades of experience, Stephen shares his remarkable journey in real estate and offers insights on leadership, market strategy, and the importance of empathy in business.

From his early days in Miami to managing an investment portfolio of over $1 billion, Stephen reflects on the lessons he’s learned while building one of South Florida’s leading commercial real estate firms. He delves into the value of cash flow, adapting to market cycles, and how aligning interests with partners leads to lasting success. Beyond business, Stephen discusses his commitment to giving back and the joy he finds in family and community.

Key Takeaways:

· Success requires perseverance and a strong work ethic.

· Empathy and community service are integral to leadership.

· Building a loyal team is essential for long-term success.

· Adaptability and timing are critical in real estate investments.

Enjoy the show? Have a guest in mind? Email us at podcast@aystrauss.com to let us know your feedback and who you want to hear on the next episode.

Connect with Aaron and the A.Y. Strauss team:

• Our website (www.AYStrauss.com)
• Aaron's website bio page (Aaron's bio page)
• Aaron's LinkedIn account (LinkedIn)
• Our Twitter account (@AYStrauss)

Russ Krivor, CEO and Founder of Sovereign Properties, joins the podcast this episode. They discuss Russ's journey in real estate, the importance of education, navigating entrepreneurship, raising capital, market insights, the future of senior living, and the significance of building relationships in business. Russ shares valuable lessons learned throughout his career and emphasizes the need for innovative solutions in the evolving real estate landscape.

Takeaways

• Education is crucial for success in business.
• Entrepreneurship requires timing and recognizing opportunities.
• Starting small in real estate can lead to significant growth.
• The current real estate market presents unique investment opportunities.
• There is a growing demand for senior living solutions.
• Today's seniors desire quality living environments and services.
• Managing stress is essential for effective decision-making.
• Building relationships is key to long-term success.
• Giving back to the community can open new opportunities.
• Balancing personal life and career is vital for happiness.

Enjoy the show? Have a guest in mind? Email us at podcast@aystrauss.com to let us know your feedback and who you want to hear on the next episode.

Connect with Aaron and the A.Y. Strauss team:

• Our website (www.AYStrauss.com)
• Aaron's website bio page (Aaron's bio page)
• Aaron's LinkedIn account (LinkedIn)
• Our Twitter account (@AYStrauss)