Monthly Message -- October 2011
Ensuring Your Legacy:
The Financial Aspects of Successfully
Transferring Your Business
Thursday, October 20, 7:30-9:00 a.m.
Prominent Central Ohio family business leaders who have been a part of a successful transfer of their family business to the next generation will be featured at our October program. Darci Congrove, Managing Director at GBQ Partners LLC, will moderate the panel discussion. Learn how second and third generation family businesses have transferred management responsibilities in their businesses. Kevin Oakes, President at Capitol Citicom, Rob Rosenfeld, Purchasing and Sales Manager at Sterling Paper, and Jamie Richardson, Vice President Government and Shareholder Relations at White Castle System, Inc., will discuss the key financial decisions and preparations undertaken by their family businesses that helped them step into leadership roles.
Topics related to family business financial planning that will be discussed include:
Please RSVP to Deana Gordon at 614-253-4820 or firstname.lastname@example.org or visit www.familybusinesscenter.com.
Celebrate Family Business Success!
13th Annual Family Business Awards
Friday, November 4, 11:30 a.m. - 1:30 p.m.
Join the Conway Center for Family Business to celebrate and recognize the accomplishments of family owned businesses. The awards program will honor family businesses and supporters of family business in six areas: communication, community engagement, milestone achievements, re-invention, succession planning/implementation, and support of family business. Tickets are $35 per person or $250 per table of eight for Conway Center members and $60 per person and $450 per table of eight for non-members. A limited number of tickets are available so please RSVP quickly, but no later than October 26 to Deana Gordon, at 614-253-4820 or email@example.com or at www.familybusinesscenter.com/awards.
The 2011 Honorees and the categories are:
Thank you to our sponsors: Business First; Chester, Willcox & Saxbe; Commerce National Bank; The Guth Group at Morgan Stanley Smith Barney; Rider Financial Group; Oxiem Interactive; Webbed Marketing; and WOSU.
Mark Your Calendar
November 17 Program
Don't miss, "A Hometown Legend: The Wendy's Family Shares the Ingredients for Success" on Thursday, November 17, 7:30-9:00 a.m. at Alumni Hall at Ohio Dominican University. Board member Mike Schoedinger, of Schoedinger Funeral and Cremation Service, will interview members of the Thomas family to learn more about their experiences as members of an iconic family business and the family behind its success.
Family business success can be defined in many ways - by sales figures, profit margins, the transfer of leadership to a new generation, the number of years in business, community service, or just the simple joy felt at the end of the work day. But no matter how you define success, it's important to take time to acknowledge those achievements and recognize industry and community leaders. The Conway Center is committed to celebrating the accomplishments of family businesses and those who support them. On November 4th, we will honor outstanding businesses and individuals during our 13th Annual Family Business Awards Program. This year's honorees represent a cross-section of the many family businesses in the Central Ohio area and paint a wonderful picture of family business success. Please join us on November 4th.
Dick and Deana
Upcoming Peer Group Meetings
To sign up for any of the peer group meetings or to learn more about peer group opportunities contact Peer Group Coordinator Connie Nicholson at firstname.lastname@example.org or visit www.familybusinesscenter.com.
Women in Family Business Peer Group
Next Generation Leaders Peer Group
Marketing/Sales Peer Group
Family Business Leaders Peer Group
CEO Peer Group
Welcome New Member
Auld Technologies LLC
At the heart of Auld Technology is a creative team of experienced associates that are eager to combine Auld's core competencies with their customers' creative ideas to create new and exciting applications and products. Innovative decorative emblems, trim, coatings, printing and embossing are all services of Auld Technologies; a global supplier of domed labels, decorative products, performance labels as well as polycarbonate and polyester overlays, buttons, die-cuts key pads. Auld Technologies employees thirty people. Family members Larry and Jason Jutte, Elizabeth Jutte-Kill, and Dan Auld all work together to provide clients with customized solutions to their product needs.
Welcome New Service Provider
KeyBank is a full-service financial services company that provides investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies.
Free Master Class Teleconferences from Family Business Wiki
Family businesses are invited to participate in a free "Master Class" series of teleconferences. Family Business Wiki has lined up some true "masters" who will be speaking in their areas of expertise.
The Master Class series for 2011-2012 includes:
For full details or to register go to: familybusinesswiki.org. The website also has other teleconferences archived for your use including: Family Wealth and Family Offices and Women in Family Business.
Findley Davies Open House Invitation
Findley Davies invites you to attend their Open House on October 27, 4:00 - 7:00pm, at 65 East State Street, Suite 1725. Join Market Leaders Kyle Pifher & Greg Lashutka along with fellow Findley Davies Shareholders for cocktails & hors d'oeuvres to celebrate the firm's expansion in Columbus. As a human resource consulting firm, Findley Davies designs and implements strategies in employee benefits and human capital management. The firm assists companies with strategic, administrative, actuarial, and technological solutions enabling them to attract, reward, and retain productive people. For open house details, go to Findley Davies Open House Registration or www.findleydavies.com.
EBSA Compliance Assessment Checklist
Information provided by Bill Hutter, of Sequent
If the Employee Benefits Securities Administration (EBSA) audits your plan, will you be ready? Ask yourself: Do you have an investment oversight committee to monitor plan performance? Do you have a set process in place for carefully selecting and monitoring service providers? Do you review the plan frequently enough to know if the fees being charged are reasonable? Are you providing plan participants full disclosure of all fees and commission payments? These are just some of many questions to consider. Sequent has spent a considerable amount of time studying the legislative impact of new regulations surrounding fiduciary responsibility and developing processes and capabilities which, if followed, will ensure regulatory compliance for its clients. Download a Compliance Assessment Checklist here to find out if you're prepared.
Harvard Business School Offers Family Business Training Program
Challenged by the complex dynamics of managing a family company, many business owners are seeking new ways to sustain strategic advantage. To help these companies achieve short-term revenue goals and create long-range succession plans, HBS offers Families in Business: from Generation to Generation from November 6-11, 2011. This powerful program may transform your family business into a profitable enterprise that grows over time. Click here to learn more and to apply.
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Connect With Us
Conway Center for Family Business
J. Richard Emens
Membership in the Conway Center for Family Business is open to all family businesses in Central Ohio.
For more information on the benefits of membership, visit: familybusinesscenter.com