Monthly Message - November 2016 - Conway Center for Family Business

Monthly Message – November 2016


MONTHLY MESSAGE  – November 2016

Practical Governance: The Importance of Advisory Boards and Family Councils

November 17 – 7:30-9:00 a.m.
Alumni Hall at Ohio Dominican University

1215 Sunbury Rd., Columbus, OH 43219
 
Conway Center Service Provider, Rick McQuown, Partner at Porter Wright, will facilitate a panel discussion with Kent Johnson, CEO of Highlights for Children and Dick Emens, Co-Founder of the Conway Center for Family Business. Topics include:
  • Corporate Governance Best Practices
    •    Purpose and importance
    •    Board size and composition
    •    Board minutes
  • Advisory Boards
    •    When is the Company ready?
    •    Advisors’ role
    •    Who should be an advisor
    •    Size and frequency
    •    Protecting confidential information
  • Family Councils
    •    When is the Company ready?
    •    Purpose
    •    Size and composition
    •    Authority
    •    Frequency
 
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!
 
Strategic Planning Round Table
December 2, 2016 – 8:00 – 9:00 a.m.
Alumni Hall/Community Room
1215 Sunbury Rd.
Columbus, Ohio 43219
 
Are you ready for 2017? Join us for this interactive session which will cover:
  • Tax planning – experts from HBK CPAs & Consultants
  • Insurance planning – experts from Willis Watson Towers
  • Goal setting for your family business – experts from DeVine Consulting
 
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.

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Do You Really Know What Your Family Business is Worth? Why You Need a Business Valuation

December 15, 2016 – 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, Steve Ulrey of Flyers Pizza and Dianne Grote Adams of Safex, who have been through the business valuation process. They will discuss their experiences and insight into the process and what impact it had on their family business.

The session will cover important topics such as:

  • Why you should treat your family business like an investment
  • Basic Valuation theory
  • Steps to grow your value
  • Understand the various exit strategies

 

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  


Our 18th Annual Family Business Awards & Expo was held on November 7th and was an outstanding celebration of the accomplishments of Central Ohio family businesses. The Expo was a unique way to meet other Center members and find out about their businesses. A great time was had by all! We would like to thank our sponsors for making the event possible: Business First, Fathom, First Merchants Bank, Gryphon Financial Partners, Taft/, 
and White Castle.

With winter coming, we’d like to remind you of our adverse weather policy. We typically only cancel for a Level 2 or if the University shuts down. In the event that we do cancel a program, we will notify media outlets and will send an email notification to our members by 6 a.m. You can also check the event page on our website and ODU’s website.
 
We wish you and your families a very happy, healthy, and harmonious Thanksgiving.
 
Our best,

Dick & 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.

 
Leadership Development Peer Group
November 15, 2016
8:00 a.m. – 9:30 a.m.
Room 274 – Griffin Center
Ohio Dominican University
Topic: Emotional Intelligence
  
CEO Peer Group East/West Panel Discussion
November 17, 2016
4:30 p.m. – 8:30 p.m.
Integrated Building Systems 
950 Michigan Avenue
Columbus, OH 43215
*RSVP required
  
Orientation for Next Generation Leaders 2017
December 5, 2016
12:00 p.m. – 1:00 p.m.
Room 274 – Griffin Center
Ohio Dominican University
Are you interested in joining the Next Generation Leaders Peer Group in 2017? Attend this Orientation session to meet the facilitator, Dr. Thaddeus O’Brien, and find out what to expect in the year-long
program. Lunch will be provided.
 
Business Development Peer Group *Note – DATE change
December 6, 2016
8:00 a.m. – 9:30 a.m.
Room 274 – Griffin Center
Ohio Dominican University
  
Succession Planning 1.0 Peer Group
December 8, 2016
7:30 a.m. – 9:00 a.m.
Room 274 – Griffin Center
Ohio Dominican University
Topic: Succession of Leadership – Wants and Needs; understanding shared vision – best and worst decisions; standard of behavior; codes of conduct.
Sponsored by Morgan Stanley Wealth Management
 
CEO Peer Group – Holiday Dinner
December 8, 2016
6:00 p.m. – 10:00 p.m.
Hofbrauhaus in Grandview – second floor
*RSVP Required; CEOs are welcome to bring a guest 

_______________________________
 
Calling All Next Gen Leaders!

Are you interested in joining the Next Generation Leaders Peer Group in 2017?   

This is a small group of up-and-coming family business leaders (usually aged 21-40) who meet once a month for a year. A new group forms each January and monthly attendance is expected. This program features group learning experiences, one-on-one learning with an experienced facilitator, and the opportunity to take your personal development to the next level in a safe and encouraging environment.  Topics vary each month depending on the needs and wants of the group. 

An Orientation session will be held on Monday, Dec. 5 from 12-1pm at Ohio Dominican University in the Griffin Student Center, RM 274.  Meet the facilitator, Dr. Thaddeus O’Brien, and find out what to expect in this year-long program. Lunch will be provided.  

If interested in attending the Orientation, please RSVP to Amy Dotts at adotts@familybusinesscenter.com.

Member Events

Open House – EasyIT
It has been no small thing, but EasyIT has completed our move to a new, larger, nicer office and we are excited to show it off.

Please celebrate at our new office with food and drinks on November 16th from 4-7 pm. Feel free to bring a friend or co-worker.  We look forward to seeing you at the Open House!

Where: EasyIT: 4150 Tuller Road, Suite 212 Dublin OH 43017 (next suite over from old office)
When: November 16th from 4:00 pm – 7:00 pm
Cost: FREE

Call Nick (614-339-4986) if you have any questions.

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How to Use Social Media for Recruiting – C&A Benefits
Thursday, November 17, 2016
Registration: 8:00 to 8:30 a.m.
Workshop: 8:30 to 10:00
 
Please join us November 17, 2016 for an interactive workshop on How to Use Social Media for Recruiting.  

Attendees will leave with a number of clear ideas and techniques on how to structure social media recruiting activities for consistent attraction of high quality talent.

Takeaways include:
  • An overview of the best social media channels for recruitment
  • How to position your business above the “noise” online
  • A strategy for both active and passive social media activities
  • The characteristics of top performing companies and thier use of social media for recruiting — what they do differently and how you can apply these to your own business.
C&A Benefits Group and Business Services
6135 Memorial Drive, Suite 103
Dublin, Ohio 43017

The event is free of charge, but space is limited.  Please RSVP by November 10 to Stacey George, sgeorge@cabenefitsgrp.com.

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6th annual John L. 
Sauter
 
Estate Planning Seminar –
The Catholic Foundation

Fri, November 18, 2016
7:30 AM – 12:00 PM

The Boathouse at Confluence Park
679 West Spring Street
Columbus, OH 43215

The morning will consist of four presentations by our invited Sauter speakers: 

Update on Franklin County Probate local rules and guardianship rules/guidelines by Benjamin Suffron, Franklin County Probate Court Magistrate.

“Strategic Gift Planning- What your High Net-Worth Donors Expect You to Know” by Christopher Kelly, Vice President/Planned Giving Product Specialist, PNC Bank.

Medicaid Planning by Maggie Sutton, Attorney, Law Office of Richard Tap
Ohio Trust Company Act by Robert Galloway, Attorney, Baker Hostetler.

Please register via 
Eventbrite and choose the applicable ticket type. If you are a 
Sustaining member of our Professional Advisor Group for FY17, please select the Sustaining PAG ticket and register. If you are NOT a sustaining PAG member, please select the General Entry pass and complete registration and payment of attendance ($50.00). If you are an employee of PNC Bank, co-sponsor of this seminar, please select the PNC ticket and register. The organizer of this event will confirm correct registration.

As a Sustaining member of The Professional Advisors Group at The Catholic Foundation, one may attend this seminar at no cost. Please contact The Catholic Foundation to learn more about this group, and how to join! 

After registering via Eventbrite, you will receive email notifications of any updates made on the event. 

Please direct any questions or comments to Sara Ireland, Development Coordinator at The Catholic Foundation.

Welcome New Members

Capital-Plus Inc. | Capital-Plus Partners
Robert D. Setzer, Renee Setzer Tyack 
3250 Henderson Rd, Ste. 201, Columbus, OH 43235
(614) 848-7620
 www.capplus.com

Capital-Plus Inc. was established by Robert Setzer in 1992 to help emerging businesses balance cash flow and access working capital.  His daughter, Renee Setzer Tyack, rejoined the company in 2015 to focus on increasing visibility and developing a platform to further educate owners on sources of capital and how to access it. With six employees, and one location in Columbus, Capital-Plus Inc. helps companies develop and manage their financial futures for success.     


Straub Dance Center
Suzy Straub Kiefaber, Bill Kiefaber
501 McCorkle Boulevard, Westerville, OH 43082
(614) 353-5563
Straub Dance Center was founded in 1967 by Suzy Straub Kiefaber’s mother, Carole Straub, and provides dance training for children ages 2-18.  Carole is still active in the company, but Suzy is becoming more involved as the studio’s artistic director.  Bill Kiefaber, Suzy’s husband, assists with business planning, as well as community outreach.  During its 49-year history, Straub Dance Center has established a strong local and national reputation for producing outstanding dancers and an encouraging environment.      


Welcome New Service Provider

Devine Consulting 
Michael Devine, Emily Mitchell, Richard Devine
175 S. Third St., Ste. 200, Columbus, OH 43215
 
Established in 2015, Devine Consulting is a business consulting firm that is rooted in psychology and business.  Michael Devine is the owner and CEO, and Emily Mitchell is the marketing manager and Michael’s executive assistant. Michael’s father, Richard Devine is the COO and a partner.  With four employees in Central Ohio, Devine Consulting specializes in family business advising, executive coaching, leadership development, and talent selection.  

PRNewswire

… military backgrounds, Wounded Warrior Project® (WWP) partnered with the A.D. Farrow Harley-Davidson® dealership for motorcycle riding lessons.
 
The Daily Meal
Apparently, fast-food enthusiasts took Harold and Kumar’s adventures to heart, because at the top of the list is White Castle, claiming 21 percent of …

Columbus Business First
Velvet Ice Cream
will have an easier time increasing production as new accounts are acquired thanks to a $3 million expansion that opened for …
 
Columbus Dispatch
Q: How did Capital City Consulting/EasyIT come to be? Eric Hoeft: I was working as a contract consultant, and I got really interested in how could I take …
 
Lima Ohio
Through the agency’s Operation Giveback program, an online contest for local nonprofit charities, Stolly Insurance Group gives donations to a variety …
 
Columbus Business First
George F. Schmidt, founder of the popular Schmidt’s Sausage Haus und Restaurant in German Village. The city also credited him and the Schmidt …
 
The Record Herald
Donatos Pizza
will partner with the Fayette County Memorial Hospital (FCMH) Foundation to raise funds to support their efforts to assist those with …

Interesting Reading

Crain’s Cleveland Business (blog)
Do you have a desire to pass your privately held company to the next generation and hope that your family business continues to be passed to …
 
AZCentral.com
While family-owned businesses have been a great source of business innovation, not much has changed in the way they have been governed until …
 
Reuters
… family business – the Kahn Lucas girls’ dress company, founded in 1889. … She was well known on Wall Street as one of the first women to have a …
 
Huffington Post
Did you know that 48% of entrepreneurs grew up in a family business? While a little more than half of all entrepreneurs come from a background with …
 

FBCG 
The notion of planning for continuity in a family business may feel like preparing to pass a valuable, delicate creation to an unprepared relative. …

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