Monthly Message - March 2015 - Conway Center for Family Business

Monthly Message – March 2015

Monthly Message — March 2015

Keys to Engaging and Motivating Non-Family

and Family Employees

in Your Family Business

March 19 – 7:30-9:00 a.m.

Alumni Hall at Ohio Dominican University

1216 Sunbury Rd., Columbus, OH 43219

Sponsored by KeyBank

Some business owners have the mindset that if “I sign their paycheck, that’s all the motivation they need.” However, not too many people, even family members, want to work in that kind of an environment.

How strongly do you believe that the individuals in your company, including all family members, feel appreciated and happy to be there? What’s causing the problem? How does this impact your bottom line? What can you do about it?

The cost of either disengaged or de-motivated workers is staggering. More than 70% of American workers say they would change jobs tomorrow if they could. This Conway Center program will provide some insights and best practices for creating a work environment for family and non-family employees to maximize performance and profits.

Skip Murray, of Murray Associates, along with family business leaders Kevin Alexander of Search2Close and John Martin of Optimum Systems, will help you explore and discover some of the challenges in keeping both family and non-family employees motivated and productive.

Topics will include:

  • Do under-performing family members get special treatment?

  • Low cost to no cost ideas for providing motivation.

  • How to improve retention and reduce turnover.

  • How to attract and keep star performers.

  • What does your environment say about your company?

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.

Eradicating Entitlement in Your Family Business

April 16 – 7:30-9:00 a.m.

Alumni Hall at Ohio Dominican University

1216 Sunbury Rd., Columbus, OH 43219

What does entitlement mean to you? Is it an annoying attitude displayed by the next gens in a family business? Is it unreasonable expectations that alienate family and non-family employees alike? Or is it a serious condition that threatens the ongoing success of a company? The answer could be “all of the above”.

Alex Freytag, of ProfitWorks, will help you further define entitlement and identify its symptoms so you can prevent and eradicate it in your own family business. Drawing on his experience working with hundreds of companies to diminish or defeat the entitlement mentality, he’ll share examples of how these issues can impact an organization and its employees.

Freytag will outline how family business leaders can overcome entitlement through an interactive session which will include family business owner Randy Dupler from Dupler Office. Join us to learn techniques that can be immediately implemented in your family business.

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.

Roundtable

Be Prepared! Fraud Awareness and Preventative Measures to Protect Your Family Business

April 30 – 8:00-9:00 a.m.

ODU Griffin Student Center, Rm. 274

1216 Sunbury Rd., Columbus, OH 43219

As more business information moves online, it is becoming increasingly important to protect your company’s and your customers’ assets and information from fraud and cyber crime.

Representatives from Conway Center Service Provider FirstMerit Bank will help you learn how to spot and prevent fraud in your business during this quarterly roundtable. You’ll learn best practices and get expert tips for preventing internal and external fraud from FirstMerit’s Mike Kramer, SVP, Business Banking Region Manager; Susan Hoffman, Treasury Management Team; and Chris Haury and Susie Brinza, Credit Card Processing.

This program is a must for every family business that does business banking!

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.

Family Business Night

at the Clippers!

Monday, June 8 – 7:05 p.m.

Huntington Park

The 7th Annual Family Business Night at the Columbus Clippers is coming up soon so mark your calendars! Root for your home team as the Clippers take on the Louisville Bats, while you enjoy an evening with your family, employees, clients, and others who are passionate about family business. We’ve purchased a block of tickets in Section 3 and hope you can join us. Watch for more details coming soon. Questions? Contact Deana Gordon at Gordon@FamilyBusinessCenter.com or calling the office at 614-253-4820.

2nd Annual Conway Center Golf Outing

July 14, 2015 – 12:30 p.m.

Little Turtle Golf Club

The Conway Center will be hosting an even bigger and better golf outing for family business leaders this summer. We sold out last year so be sure to let us know soon if you want to be a part of the fun! This is a great opportunity to connect with your peers during a fun-filled day on the course that includes lunch, a post-event reception, an expanded silent auction and more contests and prizes! Cost is $125 per person or $500 per foursome.

Sponsorship Opportunities:

  • Founder Level – $1500: 4 players, 1 hole sign, recognition in program and announcements, logo on banner at registration

  • Leader Level – $750: 2 players, 1 hole sign, recognition in program and announcements

  • Next Gen Level – $500: 1 player, 1 hole sign, recognition in program and announcements

  • Hole Sponsor – $250: Your logo on one hole sign at event

  • Silent Auction Donations

For information about registration and sponsorship, contact Deana Gordon at Gordon@FamilyBusinessCenter.com or 614-253-4820.

Director’s Insight

I’m happy to share some exciting news with you. The Conway Center for Family Business recently announced that Deana Gordon has been named Managing Director of the Conway Center, Jill Hofmans is now Assistant Director and Hyla Skudder is now the Publications Director.

Deana has been with the Center since 2008 and helped us grow to more than 170 family-owned business and 34 service provider members, led the expansion of our educational programming series and networking events, and has overseen the growth of our annual awards program.

Jill, previously the Center’s Executive Coordinator, manages the Center’s Peer Group programs and member outreach, and assists with special event planning and Center operations. Hyla directs the design and production of all printed communications for the Center, ensures brand consistency across all media, produces print and online advertising and the Center’s website, and maintains the Center’s photo archives.

Each of these leaders has been instrumental in the Center’s enhanced educational programs, expanded peer group offerings, and vitality of the Center.

Please join our Trustees and Board in congratulating them and thanking them for all they’ve done (and will do) for the Conway Center.

Dick

Conway Center Peer Groups

To sign up for any of our peer group meetings or to learn more about peer group opportunities contact Executive Coordinator, Jill Hofmans, at Coordinator@FamilyBusinessCenter.com or visit www.FamilyBusinessCenter.com for a full schedule of Peer Group programs.

Leadership Development
March 17, 2015
8:00 – 9:30 a.m.

Room 274 – Griffin Center at Ohio Dominican University

Topic: Developing Team Members

Business Development Peer Group
March 26, 2015
7:30 – 9:00 a.m.

Room 274 – Griffin Center at Ohio Dominican University

Topic: What’s Your Story? Does it emphasize your differentiation?

Online Strategy Peer Group
April 1, 2015
8:00 – 9:30 a.m.

Fathom Columbus

1465 Northwest Blvd.

Columbus, OH 43212

Topic: Content Marketing Tips and Strategies

Succession Planning Peer Group
April 9, 2015
7:30 – 9:00 a.m.

Room 274 – Griffin Center at Ohio Dominican University

Topic: Succession of Values and Knowledge

CEO Peer Group
April 9, 2015
3:30 – 7:30 p.m.

Spartan Logistics

4140 Lockbourne Road

Columbus, OH 43207
RSVP required

Women in Family Business Peer Group
April 14, 2015
7:30 – 9:00 a.m.

Room 274 – Griffin Center at Ohio Dominican University

Topic: Who are you…and what role do you play in the family? Does gender matter? Is there a “Motherhood Penalty?”

Next Generation Leaders Peer Group
April 14, 2015
Noon – 1:00 p.m.

O’Brien & Associates

47 W. 3rd Avenue

Columbus, OH 43201

Welcome New Members

Focused Management Experts, Inc.
Dave Laslow, Laura Laslow, David Laslow, Nathan Laslow, Erin Laslow, Megan Laslow
P.O. Box 305, Marysville, OH 43040
(937) 642-7847

Focused Management Experts was formed in 1986 by Dave and Laura Laslow to oversee several Burger King Restaurants that they owned. Throughout the years, the Laslows have accumulated five Burger King Restaurants, two Donatos Pizza locations, and several properties – including one office building and the buildings and land associated with many of the restaurants they own and operate. In 2012, oldest son, David, joined the company to oversee the Burger King restaurants. Laura Laslow and son, Nathan Laslow, opened a franchise concept that was new to the company, The Oilerie Olive Oil Bar, located in Grandview. Opened in the fall of 2011, the Oilerie was the first store of its kind in Central Ohio, selling high quality extra virgin olive oil, balsamic vinegar and a host of gourmet food products.

Kuhns Contracting, Inc.
Tony, Jane, and Luke Kuhns
7931 Amity Pike, Plain City, OH 43064
(614) 873-8230
www.kuhnscontracting.com

Kuhns Contracting, Inc., a residential remodeling company, is celebrating its 20th year in business this year. It was started by husband and wife, Tony and Jane Kuhns, who both have family business backgrounds in residential remodeling and new home builds. Their son Luke is part of their team and has worked alongside them in various capacities since he was a teenager. The mission of Kuhns Contracting is “To be the only contractor your family will ever need; by establishing a reputation of excellence in quality and professional workmanship.” The company is a member of NARI (National Association of the Remodeling Industry) and was awarded the Angie’s List Super Service award in two categories for 2014.

Miles-McClellan Construction Co., Inc.
Lonnie Miles, Matthew Q. McClellan, Timothy McClellan, Terry McClellan, Jason Miles
2100 Builders Place, Columbus, OH 43204
(614) 487-7744
www.mmbuildings.com

Miles-McClellan Construction Co., Inc. has been providing general contracting and
construction management services to the local community since 1978. Industries of
focus include healthcare, education, and manufacturing. Miles-McClellan is committed
to delivering technical excellence and client satisfaction. Terry McClellan founded
McClellan Construction in 1978 while Lonnie Miles established Miles Construction in
1980. Terry and Lonnie then merged the two firms under the current name in 1988.
In 2006 the executive team began succession planning (completed in 2013). Lonnie
Miles became CEO, and Terry McClellan became Director of Pre-Construction. Currently
Terry’s sons, Matt McClellan, President, and Timothy McClellan, Executive Vice
President, over see daily operations and set the strategic direction of the firm;
Lonnie’s son, Jason Miles, recently joined the firm serving as a Project Engineer.

Shaffer Entertainment
Steve Shaffer, Andy Shaffer, Scott Shaffer
1350 Oxley Rd., Columbus, OH 43212
(614) 299-4141
www.shafferentertainment.com

Shaffer Entertainment was founded in 1988 and is the industry leader in supplying and developing game and technologies and operational functions for entertainment venues throughout the region. Sister company, Shaffer Distributing was established in 1929 by Estel Shaffer, and is the nation’s oldest independently-owned vending distributorship with current operations across Eastern and Midwestern states. The company is now managed by third generation family member and CEO, Steve Shaffer, and his sons – fourth generation family members Andy Shaffer, company President, and Scott Shaffer, Vice-President. With over 150 employees and locations in Columbus, Indianapolis, Cleveland, Detroit, and St. Louis, Shaffer Entertainment is rated #1 in quality and response times, tavern promotional quality and expenditures, and average gross game collections.

MEMBER EVENTS

Retirement, Employee Benefits and Healthcare Forum

Regardless of size and resources, all businesses are required to manage employee benefits responsibly and legally, and your retirement plans, employee benefits and health care offerings will continue to face many uncertainties. This 4-hour seminar will dive deep into the Affordable Care Act, third-party risk, wellness, Department of Labor issues and employer-sponsored retirement plans. This course, sponsored by Conway Center Service Provider Findley Davies, is designed for human resources directors, retirement plan sponsors, benefit plan managers, controllers and CFOs. 4 CPE Credits and 3.75 HRCI Credits available. The seminar will take place on March 24, 2015 at The Boathouse at Confluence Park, 679 W. Spring Street, Columbus, OH 43215. 7:30 a.m. – 8:00 a.m. Registration – 8:00 a.m. – 12:00 p.m. Program. REGISTER NOW!

Build Your Brand DIY Workshop

Need to get ahead of your competition? Then it’s time to uncover your brand distinction.
GREENCREST CEO and certified brand strategist Kelly Borth will host a workshop for business owners who are eager grow the value of their business. The next workshops are: March 19 and April 16 from 1:00 p.m. – 4:00 p.m. at GREENCREST, 120 Northwoods Blvd., Columbus, OH 43235. Register here.

HR Excellence Awards Nominations Now Open

Nominations are still open for the HR Excellence Awards recognizing best practices and trendsetters in Central Ohio. Awards will be given in these five categories: Executive of the Year, HR Innovation, Lifetime Achievement, Good Works, and Future Leader. To nominate a professional or organization you believe is deserving of this honor, complete the editable form and return it to Columbus CEO by mail at 34 S. Third St., Columbus OH 43215 or by email to nominations@columbusceo.com. Nomination deadline is March 16. Last year’s winners are not eligible, but previous finalists may be nominated again. For more information contact: Kyle Pifher – Principal, Findley Davies, 614-453-4651 or kpifher@findleydavies.com.

Member News

Central Ohio’s Healthiest Employers
Business First

Congratulations to all Conway Center members and Service Providers who were nominated for this year’s Columbus Business First Healthiest Employers Awards: Schoedinger Funeral and Cremation Service, Suburban Steel Supply Co., GBQ Partners Partners, Lake Shore Cryotronics, Inc., and ms consultants, inc.! The event was also sponsored by Conway Center Service Provider OhioHealth.

Easton-Area Apartment Complex Sold for Nearly $60M
Business First

Champion Real Estate Services kept its acquisition streak alive in a big way with a nearly $60 million deal for an apartment complex with more than 1,000 units.

On The Move: More Middle East Locations Expected For Pizza
Pizza Marketplace

Donatos Pizza has opened at the SMG-managed Greater Columbus Convention Center in Columbus, Ohio, the company announced. Donatos has…

Kimball Midwest Opens Distribution Center
Savannah Morning News

Kimball Midwest, a family owned Columbus, Ohio-based distributor of tools, supplies and other needs for the maintenance, repair and operations industries, cut the ribbon Friday to formally open its Savannah distribution center, the first in the Southeast.

Cascade Microtech Collaborates with Lake Shore Cryotronics
Compound Semiconductor

Cascade Microtech, a supplier of precision wafer-level measurement equipment, has announced its latest MeasureOne solutions partner – Lake Shore…

MT Business Technologies Inc. Recognized By Ricoh
Richland Source

For the second consecutive year, MT Business Technologies Inc. is recognized as Ricoh’s largest independent dealer in the United States.

Company Builds on Family Legacy
This Week News

The Grandview-area company was founded by their great-grandfather Gabriel Reitter Sr. and has remained in the family throughout its existence.

Reitter Stucco – A Century in the Making
Walls & Ceilings

Reitter Stucco & Supply has been taking care of business for 100 years…

A Very White Castle Valentine’s Day
The Atlantic

According to the company, at least 35,000 people dined at White Castle on Saturday evening, where, across 12 states and 400 or so outlets, the eldest…

Interesting Reading

10 Surefire Ways to Attract, Retain, and Motivate Talent
Plante Moran

Here are 10 of our best tips to help you find top talent and ensure they stick with you and your organization for years to come…

Revising Wills and Trusts a Stressful Task for Many
Columbus CEO (blog)

Most people care deeply about passing a financial legacy to the next generation, but many don’t take simple steps to help make this possible! A rule of thumb is that a will and trust should be reviewed every five years or whenever major life events occur. Unfortunately, no one wants to do this. Ever.

Financial Statement Adjustments in Valuation
Rea & Associates

A company’s strong track record might pique an investor’s interest. But what matters most to investors? Future cash flows. When valuators use historic results to predict future performance, they often need to adjust financial statements for non-recurring or unusual items, as well as for expected future operational differences. Here’s an intro into how appraisers deal with adjustments to get a clear picture of what a business is worth.

Three Keys to Building a Healthy Business
Holbrook & Manter

Businesses fail for complicated reasons – from dysfunctional management to insufficient capital; too-rapid growth to an inability to respond to changing markets. Why businesses succeed, on the other hand, is often easily explained.

How To Solve The Biggest Problems With The Station Wagon Phenomenon
FocusCFO

You can’t run a business facing backward, looking behind you at the road you’ve already covered.

In-Laws In Family Businesses
Family Business United

In-laws hold a unique position in family businesses, having an impact on the family and business systems…

Most Small-Biz Owners Aren’t Planning Ahead
CNBC

The vast majority of businesses in the United States are small businesses and many of those are family owned operations or partnerships.

5 Ways Besides Social Media To Get Publicity For Your Family Business
Entrepreneur

Another mistake that family business owners make is that they target media opportunities only in their region. In a world without the Internet, that made…

Six Ways To Thrive In A Family Business(when you’re not a family member)
BDlive

Families can be intensely political organizations, and non-family executives must know how to play politics both in the business itself and in the…

Why Privately Held And Family-Owned Businesses Should Have Independent Boards Of Directors
FEI

Daily Privately held or family-owned businesses are not bound by the same rules as public companies and are therefore not required to have…

No Longer A Man’s World: Women Are Closing The Gender Gap Among Small-Business Owners
Centre Daily Times

Women increasingly know what it feels like to be business leaders…