Manage episode 493703065 series 3512722
In creating a family-run company that will last 100 years, you have to have an adaptable skillset that gets evaluated quarterly. This is one of the great points that Matthew Powell, fourth-generation CEO of Century Companies, reveals on how to operate a business with a 100-year time horizon.
After starting his career in investment banking, Powell gained a unique appreciation for the power of patient capital and long-term thinking. He returned to his family's Midwest-based safety and security contracting business with a mission to "build for the next 100 years" – a perspective that shapes everything from hiring practices to leadership development.
Powell shares his company's unique approach to culture-building, starting with clear values (humble, hungry, and together) that are constantly reinforced through daily practices and meaningful recognition. What makes his approach particularly fascinating is his belief that "leadership is an inside job" – requiring leaders to heal their hearts, elevate their souls, galvanize their mindsets, and maintain physical health as prerequisites for organizational growth.
One of the most intriguing metrics Powell tracks is how many families are represented within the company. His reasoning is profound: if employees invite their family members to join, it demonstrates they truly believe in the environment they're helping create. This "family metric" serves as the ultimate net promoter score.
For any leader tired of the relentless pressure of short-term thinking, Powell offers a refreshing alternative that focuses on "being timeless rather than timely." His three pillars for building a century-spanning company – humanity, stewardship, and compounding – provide a framework for creating organizations with deeper purpose, stronger cultures, and more sustainable impact. Subscribe now to hear conversations with more innovative leaders who are reimagining the future of work.
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Chapters
1. Introduction to Matthew Powell (00:00:00)
2. Building for the Next 100 Years (00:02:25)
3. Creating a Culture of Belonging (00:04:36)
4. Family Business Metrics and Hiring (00:11:49)
5. Three Pillars for Transcending Generations (00:15:35)
6. Balancing Patience with Evolution for Gen Z (00:23:12)
7. Episode Closing (00:29:00)
134 episodes