Member News & Interesting Reading – January

Read about our service providers giving back to the Central Ohio community and how Velvet Ice Cream is gearing up for a big year. Also in this section, does your family business need an Advisory Board (hint: the answer is YES!) and find out how one family run company has lasted 200 years!

Member News

Marketing firm offering pro bono services to one Columbus nonprofit in 2018
Columbus Business First
“As business owners, we have always felt a strong responsibility to give back to the community,” Danielle Walton, co-founder of Adept Marketing, said in a release.”While we have traditionally done this through regular staff volunteer events and financial donations, this year we decided to shift our…

Dager: 2017 Bellwether For Busy Year Ahead
The Newark Advocate
We here at Velvet Ice Cream celebrated the 200th birthday of the cornerstone of our home at Ye Olde Mill. The structure’s foundation, hewn from Ohio limestone, has remained untouched in its 200-year existence. Originally, Ohio’s first roadside stop on S.R. 13, Ye Olde Mill grew into a popular tourist…

Huntington to donate $2 million to Nationwide Children’s Hospital
The Columbus Dispatch
Columbus-based Huntington Bancshares said Friday that it is giving $2 million over 10 years to Nationwide Children’s Hospital, the largest gift to a single nonprofit in the bank’s 151-year history. The award is in support of programs to improve health and wellness in the community, specifically the…

Interesting Reading

How to Avoid Conflicts In a Family Business ?
Entrepreneur
The family businesses in India are the backbone of Indian economy. According to a recent Credit Suisse report, India has 108 publicly-listed family-owned businesses, third highest in the world, while China tops the list with 167 such companies followed by the US which has 121, says. But working in a…

How to Grow Your Family Business
Advertising Specialty Institute
Less than one-third of family businesses survive the transition from first to second generation ownership, and half don’t survive the transition from second to third generation, according to Forbes. Steve Treat, senior therapist and former director and CEO of Council for Relationships (CFR), attributes those…

Do Family Businesses Need Independent Directors?
Forbes
Why would a family business not want the benefit of an independent director who might bring insight, perspective, varied experiences, and a wide range of contacts that could help propel the business? In the past year, I have delivered seminars in Asia, Africa, Europe, the Middle East, and North America…

How to keep a family business running after 200 years
BBC News
They might be the ones Bryan chooses to sell the business to, so it becomes employee-owned. “They have dedicated their lives to it,” he says. If no one in the family wants to take it over, Bryan sees selling it to its staff as the best way to preserve the legacy Joseph Loane started all those years ago…