In this episode, Jeff and Sid discuss: Taking responsibility for the company early in his career. Managing salary and transitions in a family-owned business. Creating a family-focused priority when running your business. Co-creating your life and generosity with God. Key Takeaways: When a leader moves on, there are a lot of dynamics and the human elements are just as important as any business elements. Create a home life that is grounding for you. Focus your life on your family and keep your relationships strong and it will help you business. Set the guardrails to let your business work for you, not you working for your business. If you don’t set the boundaries it is more likely to consume you. Giving in education is a way to help future generations get a better start and a stronger foundation. "The best gift to my kids and grandkids is to give them a good start, but not to make it where they are trust fund babies. Think instead, how can I use these funds to empower other places and help my kids see that it is a good thing to do?" — Sid Jansma Jr. About Sid Jansma Jr.: Sid's oil patch experience began in 1959 working part-time for his dad as a roustabout. So he started at the bottom! Four years at Calvin College resulted in a degree in philosophy and economics, and in a year at U of M, he earned an MBA. He then joined Wolverine Gas and Oil Company (the family business founded by his father in 1948) full-time for the next 49 years. Sid also volunteers for the energy industry at both the state and national levels. At various times, he's been chairman of the Michigan Oil and Gas Association, chairman of the Independent Petroleum Association of America’s Tax Committee, chairman of the Environment and Safety Committee, and on the Board of Directors of the American Petroleum Institute. That kind of networking keeps him in touch with others in the industry and up-to-date on what's going on around the country in the oil field and energy in general. Sid has enjoyed serving at church as elder and chairman of the board of trustees at Plymouth Heights Christian Reformed Church. He has served on several other boards, including that of the Russian-American Institute, Calvin Theological Seminary (when in May 2019 he became Chair Emeritus of the Board of Trustees), ROC Oil in Australia, and other boards. Sid’s four children and 14 grandchildren are an endless source of joy to Sid and Cate. And then what about his spare time? He cooks, sails, hunts, fishes, and plays the bagpipes – with absolutely no time left for golf! Connect with Sid Jansma Jr.: LinkedIn: https://www.linkedin.com/in/sid-jansma-jr-81232a17/ Facebook: https://www.facebook.com/sid.jansma.jr/ Connect with Jeff Thomas: Website: https://www.arkosglobal.com/ Book: https://www.arkosglobal.com/trading-up Email: jeff.thomas@arkosglobal.com Twitter: https://twitter.com/ArkosGlobalAdv Facebook: https://www.facebook.com/arkosglobal/ LinkedIn: https://www.linkedin.com/company/arkosglobaladvisors Instagram: https://www.instagram.com/arkosglobaladvisors/
In this episode, Jeff and Sid discuss:
Key Takeaways:
"The best gift to my kids and grandkids is to give them a good start, but not to make it where they are trust fund babies. Think instead, how can I use these funds to empower other places and help my kids see that it is a good thing to do?" — Sid Jansma Jr.
About Sid Jansma Jr.: Sid's oil patch experience began in 1959 working part-time for his dad as a roustabout. So he started at the bottom! Four years at Calvin College resulted in a degree in philosophy and economics, and in a year at U of M, he earned an MBA. He then joined Wolverine Gas and Oil Company (the family business founded by his father in 1948) full-time for the next 49 years. Sid also volunteers for the energy industry at both the state and national levels. At various times, he's been chairman of the Michigan Oil and Gas Association, chairman of the Independent Petroleum Association of America’s Tax Committee, chairman of the Environment and Safety Committee, and on the Board of Directors of the American Petroleum Institute. That kind of networking keeps him in touch with others in the industry and up-to-date on what's going on around the country in the oil field and energy in general. Sid has enjoyed serving at church as elder and chairman of the board of trustees at Plymouth Heights Christian Reformed Church. He has served on several other boards, including that of the Russian-American Institute, Calvin Theological Seminary (when in May 2019 he became Chair Emeritus of the Board of Trustees), ROC Oil in Australia, and other boards. Sid’s four children and 14 grandchildren are an endless source of joy to Sid and Cate. And then what about his spare time? He cooks, sails, hunts, fishes, and plays the bagpipes – with absolutely no time left for golf!
Connect with Sid Jansma Jr.:
LinkedIn: https://www.linkedin.com/in/sid-jansma-jr-81232a17/
Facebook: https://www.facebook.com/sid.jansma.jr/
Connect with Jeff Thomas:
Website: https://www.arkosglobal.com/
Book: https://www.arkosglobal.com/trading-up
Email: jeff.thomas@arkosglobal.com
Twitter: https://twitter.com/ArkosGlobalAdv
Facebook: https://www.facebook.com/arkosglobal/
LinkedIn: https://www.linkedin.com/company/arkosglobaladvisors