Monthly Message - December 2016 - Conway Center for Family Business

Monthly Message – December 2016

MONTHLY MESSAGE – December 2016

 

Do You Really Know What Your Family Business is Worth? Why You Need a Business Valuation
December 15 – 7:30-9:00 a.m.
Alumni Hall at Ohio Dominican University
1215 Sunbury Rd., Columbus, OH 43219
Join Tim McDaniel from
Rea & Associates
as he leads a panel discussion with family business leaders who have been through the business valuation process. Steve Ulrey of Ulrey Foods/Flyers Pizza and Dianne Grote Adams of Safex will discuss their experiences and insight into the process and what impact it had on their family business.
Don’t miss the last educational program of the year!
Generously sponsored by:  
Sign up today — RSVP to Amy Dotts at ADotts@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.

 

Save the date!
Bringing Millennials into Leadership Roles
January 19, 2017 – 7:30-9:00 a.m.
Alumni Hall at Ohio Dominican University
1215 Sunbury Rd., Columbus, OH 43219

Carol Blaine from Ohio Dominican University’s Insurance and Risk Management Program will facilitate a panel on best practices for developing, promoting and retaining millennials in the family business.

 

 

Directors’ Insight  

It has been an exciting and busy year for the Conway Center for Family Business and our members!  From stimulating educational programs and peer groups, to fun summer social events, to honoring another outstanding group of deserving family businesses at our annual awards program, our members have had a successful year of growth and education.  
Fourteen companies and individuals were chosen as finalists, in addition to 21 milestone achievement honorees.
This year’s winners were:
EasyIT – Community Engagement Award
Accel, Inc. – Re-Invention Award
Heiberger Paving – Succession Planning & Implementation Award
Scott Rider, Rider + Reinke Financial Group – Support of Family Business Award
Chris Bouzounis, Founder, Artina Promotional Products – Lifetime Achievement Award
Highlights for Children – Family Business of the Year
We congratulate all of our honorees and are now looking forward to wrapping up 2016 with one last morning educational program on December 15th and having time to celebrate the holiday season with family and friends.
As you prepare for the New Year, be sure to check out our new line-up of educational programs and peer group offerings for 2017.  The topics, chosen from your suggestions and survey responses, will be sure to engage and inspire you to keep growing and improving your family businesses. Congratulations on another phenomenal year of family business – we look forward to seeing you at our many programs, peer groups, and events in 2017!
Dick and Jill

 

 

 

Conway Center Peer Groups

To sign up for any of our peer group meetings, or to learn more about peer group opportunities, contact Event Coordinator, Amy Dotts, at ADotts@FamilyBusinessCenter.com or visit our
website for a full schedule of Peer Group programs.
 
Women in Family Business Peer Group *Note PANERA location
December 13, 2016
7:30 a.m. – 9:00 a.m.
Panera at Easton
3942 Townsfair Way, Columbus, OH 43219
Topic: Year-end Planning – Topics for 2017
Succession Planning 2.0 Peer Group
December 14, 2016
7:30 a.m. – 9:30 a.m.
Room 276 – Griffin Center
Ohio Dominican University
Topic: Steps for Buying or Selling a Family Business
  • Important terms for definitive purchase or sale agreement
  • Important escrow terms
Sponsored by SG Financial Services
Leadership 2.0 Peer Group
December 14, 2016
8:00 a.m. – 9:30 a.m.
Integrated Leadership Systems
501 W. Schrock Rd.
Suite 200
Westerville, OH 43081
*RSVP required
Leadership Development Peer Group
December 20, 2016
8:00 a.m. – 9:30 a.m.
Room 274 – Griffin Center
Ohio Dominican University
Topic: Communicating Authentically
Online Strategy Peer Group
January 4, 2017
8:00 a.m. – 9:30 a.m.
Adept Marketing
855 Grandview Ave., Suite 140
Columbus, OH 43215
Topic: 10 Data-Points to Review in Google Analytics Every Day

 

Member Events

 

What: 
3 Keys to Hiring Long Term Leaders
Date: 
Tuesday, January, 31, 2017 
Time:  
11:15 registration 
11:30 networking
11:45 – 1:00 presentation
Where:  
The Refectory, Columbus
On January 31, 2017, Alec Broadfoot, a Conway Center member, will host a Lunch and Learn forum at the Refectory, for CEOs and C-Level executives on “3 Keys to Hiring Long-Term Leaders.” Seats are limited to 20 participants. There is no cost for this lunch and learn.
This interactive presentation prepares business leaders to implement their own hiring system. Alec Broadfoot, VisionSpark CEO, will show you “3 Keys to Hiring Long Term Leaders” with a repeatable hiring process that is straight forward, practical, and proven successful. You will learn applied hiring techniques that get results – No abstract concepts.
C-Level leaders should attend this presentation if you want to get better at hiring and grow your company through your people.
More details are coming soon, but because attendance is limited to 20, please reserve your seat today! If you already know that you can make it, simply email Kara Ybarra, Client Services Director, at VisionSpark at Kara@Vision-Spark.com. We’ll take care of the rest.
We are happy to extend an invitation to C level executives you know who would enjoy participating- just include their contact information in your reply.

 

Welcome New Members
Car Source, LLC
Daniel Menninger, Lori Menninger, Jon White, Frank Menninger, Cory Menninger
1200 Stringtown Rd., Grove City, OH 43123
(614) 801-9400
www.carsourceauto.com
Car source is a high volume dealership with 20+ employees located in Grove City. Started by Daniel Menninger, it has been serving the Central Ohio area for 16 years and has become a major contributor to the used vehicle sales and service industry. Car source’s wholesale pricing business model along with the internet has changed the way dealers have to price their vehicles to be competitive. The end result of this pricing strategy equals lower prices for the consumers across the board.  Family members involved in the business include: wife Lori who handles all health insurance and utility negotiations,  nephew Jon White General Manager handles all day to day operations, brother Frank who oversees service department and son Cory who helps with lawn care and data entry.
 
Miller Management, LLC 
Stephen Miller, Nancy Miller, Shawn Miller, Matthew Marrah, Sara Kravetsky, Kara Ybarra, Janice Paisley
4683 Winterset Dr., Columbus, OH 43220
(614) 451-6363
 
Stephen and Nancy Miller started Miller Management in 1981 after 10 years with Burger King corporate.  The husband and wife team moved from Cleveland to Chillicothe to operate their first franchise restaurant.  The business now covers central and southern Ohio.  Their son Shawn, director of operations, is in a development position to follow Stephen as CEO.  Nancy is the property manager, nephew Matthew Marrah is district manager, and 2nd generation family members Sara Kravetsky, Kara Ybarra, and Janice Paisley are all shareholders with the company.

 

MEMBER NEWS
 
Columbus CEO
This month, Lisa Ingram wraps up her inaugural year as CEO of White Castle. Ingram’s father, Bill, and other third-generation leaders spent the last …

 

Columbus CEO
When Bob Setzer started Capital-Plus Inc. 25 years ago, he imagined it as a venture capital firm to help small and emerging companies. Instead …
Smart Business Network
Tracing its roots to 1846, Porter Wright Morris & Arthur LLP has represented some of the most successful businesses in Ohio and across the nation.

 

The Newark Advocate
Seasonal employees make up an important sector of our workforce at Velvet Ice Cream. Unlike some businesses that add staff for the holiday …

 

Columbus Dispatch
Abraham has created a robust work culture at packaging company Accel Inc. that encourages and celebrates diversity. Her company has set the …

 

Interesting Reading

 

Rea & Associates
It’s time to button up the year and look ahead to 2017, and with that comes preemptive tax and business planning. On this episode of unsuitable on Rea Radio, Alan Hill, principal and director of…

 

New Hampshire Business Review
The most basic thing that family-friendly workplaces do for any business is to put that business in a better position to attract women employees, …

 

Forbes
A successful business exit-one that achieves all of your personal, family and business goals requires planning. The centerpiece of the Exit Planning …
Forbes
In my prior post, Transferring Your Business To Family? First, Create A Written Roadmap, I suggested that successful transfers of family businesses …
Wall Street Journal (blog)
Wayne Rivers is the co-founder and president of the Family Business Institute and author of books about family and closely held business, including …

 

Forbes
A family business is one where one family owns the majority of the company (and most likely 100% of the equity), and often has one or more family …
Tulsa World
Family
-owned businesses sometimes have the option of keeping the … “If it’s a family business and you’re putting together a succession plan, the focus is … members of the Family-Owned Business Institute at the University of Tulsa.

 

 

Conway Center for Family Business
614-253-4820
J. Richard Emens, Executive Director |
Emens@FamilyBusinessCenter.com
Jill Hofmans, Managing Director |
JHofmans@FamilyBusinessCenter.com
Ohio Dominican University
1216 Sunbury Road, 
Columbus, OH 43219