Monthly Message – December 2015 - Conway Center for Family Business

Monthly Message – December 2015

MONTHLY MESSAGE  – December 2015

Managing Family Business Relationships:
Siblings, In-Laws, and Spouses, Oh My!
December 17 – 7:30-9:00 a.m.
Alumni Hall at Ohio Dominican University
1215 Sunbury Rd., Columbus, OH 43219
Sponsored by KeyBank
Conway Center Advisory Board Member Becky Blatt, of Columbus 2020, will moderate a panel of family business leaders during a lively discussion about how they manage their unique family dynamics. What makes working with your brother or sister so much different than a non-family associate? How do you handle going home at night to the spouse who made you crazy at work that day? How do you tell your father-in-law that you’ve got a better business strategy than “what’s always worked”?
Panelists for the event include Bruce Lackey and Christine Draghi of Happy Chicken Farms; Susan Snyder-Hina and Brian Hina of Hina Environmental Solutions; Chip and Rebecca Chapman of Integrated Building Systems; and Jamie Richardson of White Castle. They will
share personal experiences of working with spouses, siblings, in-laws, and founders and share funny, thoughtful accounts of what’s worked (and what hasn’t!) with their own family members within their family businesses.
Topics will include:
       ▪
Challenges and rewards of working with siblings
       ▪
Work life balance for married couples who are together 24/7
       ▪
Gaining respect as an in-law who is now a key part of the family business
Don’t miss the last educational program of the year where you’ll gain insight into your own relationships and ideas for how to manage the doubly important family and business relationships that matter to you most!
Sign up today — RSVP to Heather Howell at Admin@FamilyBusinessCenter.com or 614-253-4820. The program is free for Conway Center members and $35 for non-members. Family business leaders attending for the first time may attend as our guest.

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Save the Date!
Digital Marketing Strategies to Build Your Family Business 
Thursday, January 21 – 7:30-9:00 a.m.
Alumni Hall at Ohio Dominican University
1215 Sunbury Rd., Columbus, OH 43219

What is digital marketing? Join Conway Center member – and Fast 50 regular – RevLocal to find out! They will walk you through the ins and outs of promoting your business via electronic media and why it’s important.

Sign up today — RSVP to Heather Howell at Admin@FamilyBusinessCenter.com or 614-253-4820. The program is free for Conway Center members and $35 for non-members. Family business leaders attending for the first time may attend as our guest.

Director’s Insight

Company leaders often evaluate and make changes at the end of the year, looking forward to the New Year and setting goals that chart their course for the future. The Conway Center is no exception. Each year we evaluate our progress and discuss how we can best serve our members in the coming year.

This year will be a little different, though. With Deana Gordon leaving after seven years to pursue new career options, Jill Hofmans will become our managing director.  Her dedication to our members and familiarity with the Center’s mission, goals, and day-to-day activities along with her contributions in the past three years as executive coordinator and most recently as assistant director will make for a seamless transition.  In addition, Heather Howell will continue to provide excellent administrative support and Hyla Skudder will continue her outstanding services heading up our publications and graphic design efforts.

We thank Deana for her hard work and service and wish her well. As we complete our leadership transition, please don’t hesitate to contact Jill at
jhofmans@familybusinesscenter.com
and offer her any suggestions for the coming year so we can continue to provide valuable educational programs and resources for family businesses, as we have since 1998.

We look forward to seeing you at the last educational program of the year on December 17 and in 2016!

Dick

Conway Center Peer Groups
To sign up for any of our peer group meetings or to learn more about peer group opportunities contact Managing Director, Jill Hofmans, at
JHofmans@FamilyBusinessCenter.com
or visit
www.FamilyBusinessCenter.com
for a full schedule of Peer Group programs.
 
Leadership Development Peer Group
December 15, 2015
8:00 a.m. – 9:30 a.m.
Room 274 – Griffin Center at Ohio Dominican University
Topic: Communicating Authentically
Business Development Peer Group
No meeting in December
Online Strategy Peer Group
January 6, 2016
8:00 – 9:30 a.m.
Fathom Columbus
1465 Northwest Blvd.
Columbus, OH 43212
Topic: Paid Social Media
Women in Family Business Peer Group
January 12, 2016
7:30 a.m. – 9:00 a.m.
Room 274 – Griffin Center at Ohio Dominican University
Topic: Annual Family Business Checkup
Next Generation Leaders Peer Group
January 12, 2016
Noon – 1:00 p.m.
O’Brien & Associates
47 W. 3rd Avenue
Columbus, OH 43201
RSVP Required
Leadership 2.0
January 13, 2016
8:00 – 9:30 a.m.
Integrated Leadership Systems
501 W. Schrock Rd.
Suite 200
Westerville, OH 43081
 
Succession Planning Peer Group
January 14, 2016
7:30 a.m. – 9:00 a.m.
Generously sponsored by The BCA Group at Morgan Stanley
Room 274 – Griffin Center at Ohio Dominican University
Topic: The Role of Insurance in Succession Planning
CEO Peer Group – East
January 14, 2015
3:30 – 7:30 p.m.
Location TBD
RSVP required
Finances for the Family Business
January 27, 2015
8:00 – 10:00 a.m
Generously sponsored by Holbrook & Manter CPAs
Alumni Hall at Ohio Dominican University
Topic: KPI (Key Performance Indicators) Development/Dashboards and ratios
 
CEO Peer Group – West
January 28, 2015
3:30 – 7:30 p.m.
Scioto Country Club
Centennial Room
2196 Riverside Dr., Columbus, OH 43221
RSVP required

Member Events

Economic Forecast
Save the date for First Merchant Bank’s annual economic forecast program. Dr. Michael Hicks, G&F Ball Distinguished Professor of Economics and Business Research at Ball State University, will share his predictions for 2016 at the OSU 4-H Center from 8-10 a.m. on February 4, 2016. Registration details to come in the new year!

Welcome New Members
Burton Metal Finishing, Inc.
Dan Burton, Scott Burton, Victoria Burton
1711 Woodland Ave, Columbus, OH 43219
(614) 252-9523
Burton Metal Finishing offers a variety of comprehensive services including Metal Finishing and Powder Coating that creates a lasting finish on customer projects. This family business was founded in 1987 by Dallas Burton. His children, Dan Burton, President; Scott Burton, Vice President and Victoria Burton, CFO have continued to carry on the legacy. Dan’s wife Debbie Burton and their children Nathan Burton and Danielle Burton as well as Scott’s son Ryan Burton also work for the business. After experiencing a tragic fire to their primary facility in 2013, Burton Metal Finishing has fully recovered and continues to offer the best Metal Finishing and Powder Coating services available in the Midwest.
ProJect (QuickStitch Plus, LLC)
Michele M. Uber
124 Granville St, Columbus, OH 43230
(614) 476-3186

www.quickstitchplus.com

QuickStitch Plus, LLC also known as ProJect uses the power of promotional products to help companies increase their consumer base and make an impact within their community. Michele M. Uber, President, knows what it takes to reach measurable results by delivering creative marketing tools. With 18 years of experience and a second generation of family members entering the field, ProJect is a one stop shop that can give any brand that professional edge to stand out from the crowd. They offer everything from embroidered logo shirts for a tradeshow to personalized holiday gifts for employees.

Summit Consortia Management, Inc.

William Burnich, Katherine Burnich
7652 Sawmill Rd. #303, Dublin, OH 43016
(614) 717- 8700

http://www.associatesbuyingcooperative.com/

Summit Consortia Management is a Group Purchasing Organization (GPO) that was founded in 2003 by William “Bill” Burnich. Bill’s experience as a purchasing consultant combined with his wife Kathy’s research and administrative skills led them to become a holding company for Associates Buying Cooperative through Summit Consortia Management. The husband and wife team serve and support thousands of small to midsize companies by providing group discounts at OfficeDepot/OfficeMax and dozens of other national, industry leading suppliers — at no cost to participants.

Spencer Daily Reporter

For Scott McGohan, CEO of McGohan Brabender Companies, focus lies in three key areas: strategic direction, innovation and culture…

Kimball Midwest Receives Family Business Award

Industrial Distribution
The award, presented during the Conway Center’s 17th Annual Family Business Awards and Expo, recognizes local, family-owned businesses’ ability …
Columbus Dispatch
The company was founded in 1950 by Wilbur Strait Sr. and Arnold Lamp, who bought lumber from wholesalers and sold it to local builders…
The Ohio Funeral Directors Association

Schoedinger Funeral and Cremation Service was honored Monday, November 9 at the Conway Center for Family Business 17th Annual Family …

Marketing Land
Turkey sliders can’t fly any better than live turkeys, but the fast food player hopes its pre-Thanksgiving promotion has much better results than the one held by the fictional radio station.

Columbus CEO magazine (blog)

Family business leaders reflect on making estate and succession decisions, and they should, but as Author Daniel Pink said, procrastination can masquerade as reflection.

What are You Hiding with Revenue?

Rea & Associates (video)

A lot of entrepreneurs think their businesses would be more successful if they could just drive increased revenue. But, more often than not, there are bigger problems requiring their attention. Are you guilty of using increased revenue to mask your business’s financial or operational problems?

Morgan Stanley

Maintaining a number of retirement accounts may incur unnecessary fees and make it difficult to track performance. Consolidating your accounts may be the answer.

What it Means to be an Investing Owner and Why it’s so Important

Family Business Consulting Group

Aligning owners’ expectations on the performance and outlook for jointly held assets is a unique and complicated task faced by multi-generational family businesses.

 

You have no doubt seen the statistic about how 70% of family-owned businesses fail to make it through the second-generation, and …

Forbes

Research indicates that as many as 86% of middle-market, privately owned businesses in the US are positioned to make a generational transfer.
Someone Else WILL Be At The Helm

Family Business United

When working with family businesses it becomes clearer that succession is inevitable and in the short term at least, the introduction of a next …

“I want them to understand that once they walk into our business, they’re now part of the family. … We love our family. And we want them to be a part of …

Forbes 

Much of the drama in these shows nbsp;centers on disputes over who will take over the family business, often in the wake of the demise of a powerful, but …
Conway Center for Family Business
614-253-4820
J. Richard Emens, Executive Director |
emens@familybusinesscenter.com
Deana Gordon, Managing Director |
gordon@familybusinesscenter.comOhio Dominican University
1216 Sunbury Road, 
Columbus, OH 43219