Monthly Message - January 2018 - Conway Center for Family Business

Monthly Message – January 2018


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Bringing the Next Generation into the Family Business: 
Who, When, How?

January 18, 2018 – 7:30-9:00 a.m.
Alumni Hall at Ohio Dominican University
1215 Sunbury Rd., Columbus, OH 43219

Join us for insight and best practices on bringing next generation family members into the business.  Facilitated by Budros, Ruhlin & Roe, Family Business leaders from Kirk Williams Company and ALNI will share their thoughts and experiences on bringing next gens along. We’ll hear what works…and what doesn’t from these two Family Businesses that differ in size and generational makeup. Don’t miss it!
 
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.

Round Table
Mergers & Acquisitions:  Selling? Growing? Tools for Family Business Owners

January 23, 2018 – 8:00-10:00 a.m.
Griffin Student Center – Room 276
1215 Sunbury Rd., Columbus, OH 43219

Join us for a two-hour discussion on mergers and acquisitions with Michael Shaw of Copper Run Capital, Josh Cochran of KeyBank, and Nicholas Ulrich of Tri-W Group.  

Although we encourage and hope that Family Businesses will transition to their next generation, we know that sometimes is just not feasible. The “sell side” of the program will cover:
  • Options
  • Case Study involving Letters of Intent
  • Buyer Pools
  • Market Update/Valuations
Often, Family Businesses want to grow their business through acquisitions, but don’t know how. The “buy side”of the program will cover:
  • Case Studies
  • Growth through Acquisitions
    • Process
    • Financing
    • DIY Strategies
    • Recommendations

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! 
Round Table
Maximizing the Value of your Family Business:
Treat it Like an Investment

February 7, 2018 – 8:00-9:30 a.m.
Griffin Student Center – 
President’s Dining Room, 2nd Floor
1215 Sunbury Rd., Columbus, OH 43219

Join Tim McDaniel from Rea & Associates and Jeff Lagusch from Gryphon Financial Partners as they help participants maximize the value of their Family Business by treating it like an investment. Discussion will be centered around best practices for goal setting, growing and protecting the value of your business, as well as exiting on your terms and transitioning to personal investing.


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.

Directors’ Insight: January
It’s a new year and we are very excited to be celebrating our 20th Anniversary in 2018! Will you please join us at our Celebration and Family Business Hall of Fame on the evening of May 4th? Details coming soon! 

As we reflect on the past year – and look forward to the new – we want to thank our returning Family Business members for their trust  in us to deliver quality and relevant programs and to our Service Providers for continuing to support our mission with their time, expertise, and treasure. 

Also, thank you to those members who gave voluntary dues. We want to especially thank Huntington Bank and Morgan Stanley for providing additional – and much needed – funding for 2018. This is going to be a great year and we are honored and grateful that you are here to share it with us!

Our best,
Dick & Jill

Upcoming Conway Center Peer Groups

If you are considering participating in a peer group, would like to 
observe one, or have any questions, contact Amy Dotts, Event Coordinator, at 
ADotts@FamilyBusinessCenter.com

A full list of programs can be found
here
.
 

Tuesday, January 16, 2018
8:00 a.m. – 9:30 a.m.  
Griffin Student Center – Room 274
Topic: Trust
Sponsored by: Park National Bank

Wednesday, January 17, 2018
8:00 a.m. – 9:30 a.m.  
Adept Marketing
Topic: Why Video Will Drive Your Content Strategy Sooner Than You Think

Thursday, January 25, 2018
3:30 p.m. – 7:30 p.m.  
Integrated Building Systems
*RSVP required. Contact Jill Hofmans for further information: JHofmans@FamilyBusinessCenter.com or 614-253-4820.

Friday, January 26, 2018
8:00a.m. – 10:00 a.m. 
Griffin Student Center – Room 276
Topic: Job Benchmarking – Selecting Superior Performers

Wednesday, January 31, 2018 
7:30 a.m. – 9:30 a.m. 
Griffin Student Center – Room 276
Topic: Where Do You Want to Be in the Succession Planning Process and How to Get There?
Sponsored by: W3 Wealth Management, LLC  
 
Thursday, February 8, 2018
7:30 a.m. – 9:00 a.m. 
Griffin Student Center – Room 276
Topic: How to Separate Business and Personal Needs
Sponsored by: Morgan Stanley Wealth Management

Tuesday, February 6, 2018
7:30 a.m. – 9:00 a.m. 
CMAX Advisors
Topic: Prioritizing Time
*Enrollment closed. Please contact Amy Dotts to be added to the 2018-19 roster. ADotts@familybusinesscenter.com
 
Thursday, February 8, 2018
5:00 p.m. – 9:00 p.m. 
Location: TBD
*RSVP required. Contact Jill Hofmans for further information: JHofmans@FamilyBusinessCenter.com or 614-253-4820.

Tuesday, February 13, 2018
7:30 a.m. – 9:00 a.m.
Location: Griffin Student Center – Room 276
Topic:  Best and Worst Practices in Family Business 
Sponsored by: Huntington National Bank

Welcome New Members!

Magnetic Springs Water Co. 
Beverly Allison, Jeff Allison, Sherry Allison, Nicole Allison, Michael Allison
1917 Joyce Avenue, Columbus, OH 43219
(614) 421-1780
 
Magnetic Springs Water Co. was established in 1972, originally located in Magnetic Springs, Ohio.  Jim and Beverly Allison acquired the company in 1973, and it is now run by 3 generations of the Allison family.  Magnetic Springs is a bottled water distributor, serving both Columbus and Cleveland, with their main production facility located in Columbus.  Jim Allison built upon his significant experience in customer development and, along with his family, have successfully grown Magnetic Springs to its present configuration of 60+ employees.  Beverly Allison is the owner, Jeff Allison is president, Sherry Allison is the vice president, Nicole Allison is chief operating officer, and Michael Allison is production manager. 

__________________________
A-1 Nursing Care, Inc. 

Saroj Patel, Sanjay Patel, Kala Patel, Mitul Patel

2500 Corporate Exchange Dr., #220, Columbus, OH 43235

(614) 268-3800


 
A-1 Nursing Care, Inc. was founded by Saroj and Naresh Patel in 1983.  Their nephew, Sanjay Patel, joined the business in 2008 when Naresh retired.  Sanjay is responsible for all business operations and Saroj manages billing.  Saroj’s sister, Kala Patel, and her son, Mitul Patel, operate the payroll department.  A-1 Nursing Care provides home health care with 191 employees and one location in Columbus.  
 
Special thank you to Kay Lakhi, of Alyfe Wellbeing Strategies, for recommending A-1 Nursing Care, Inc.  to the Conway Center for Family Business!

Welcome New Service Provider!

Nationwide Children’s Hospital Foundation
Clinton Travis, Benjamin Kozberg, Jonathan Slemp, Cynthia Laux, Niki Shafer
700 Children’s Drive, Columbus, OH 43215
(614) 355-5400
 
 
Nationwide Children’s Hospital is America’s largest pediatric health care and research center delivering care for more than one million patient visits each year. Clinton Travis, Director of Planned Giving, Benjamin Kozberg, Director of Constituent Giving, along with Jonathan Slemp, Director of Corporate Alliance Partnerships, Cynthia Laux, Senior Director of Special Events and Affinity Groups,  and Niki Shafer, Senior Vice President of Outreach, provide fundraising and giving strategies in support of the hospital’s mission to treat all children without regard for their ability to pay. 
 
Special thank you to Bea Wolper, of Emens & Wolper Law Firm, for referring Nationwide Children’s Hospital Foundation to the Conway Center for Family Business! 

 

Special thank you to all Conway Center Family Businesses and Service Providers who referred members in 2017!
 
Tom Flynn, of FocusCFO
Ellen Grinsfelder, of Inn & Spa at Cedar Falls
Kay Lakhi, of Alyfe Wellbeing Strategies
Kelley King, of W3 Wealth Management, LLC
Angela McDermott, of Kaiser Consulting
John Vellani, of V.A.T., Inc. (retired)
Bea Wolper, of Emens & Wolper Law Firm

Since we no longer offer a Peer Group focused on sales and business development, we are excited to share that the Conway Center is partnering with Ability Professional Network, Driscoll Learning, The Sales Connection, and the Dublin Chamber of Commerce to bring you the Sales Connection Breakfast Series. Click here to learn more and to see which Family Business is hiring! 
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!

STAY CONNECTED WITH THE CONWAY CENTER
J. Richard Emens, Executive Director
Jill Hofmans, Managing Director
Amy Dotts, Events Coordinator
Heather Howell, Administrative Coordinator