Each year, our Economic Outlook survey reflects the challenges that family business leaders have in finding and hiring qualified employees. Conway Center service provider Mike Devine of Devine Consulting addresses this issue in a blog post, The Difficulties of Hiring for a Family Business: When one looks at the hiring data, new hires fail 89% […]
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At a recent Women in Family Business Peer Group at the Conway Center for Family Business, we discussed how important it is for women in family owned businesses to know how to read financial statements. There is no way for a woman to take over leadership if she shies away from the financial side of
Bea’s Blog: How to Read Financial Statements Read More »
Creating a trust is an essential component in your estate planning, but boilerplate trusts can often derail or negate the personal goals of your trust. Boilerplate trusts use form language and lack individual thought. They are not personal to you. They are often obtained from the Internet or from software used by many Ohio lawyers
Bea’s Blog: The Importance of Trusts – Not Boilerplate! Read More »
Community engagement is a hallmark of many successful family businesses. Family business leaders make giving back to the communities that support them a pillar of their businesses. Indeed, each fall, the Conway Center for Family Business honors and celebrates many family businesses who are exemplary stewards of our Central Ohio community at its annual awards event.
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Protect Your Cash Cow by Choosing the Right Entity Structure for Your Family Business by Bea Wolper, Emens & Wolper Law Firm In a recent session of the Women in Family Business Peer Group at the Conway Center for Family Business, we discussed the importance of choosing the right entity structure to protect your family
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From time to time, we’ll post Bea Wolper’s “A-Z Keys to Family Business Success” followed by a question from one of our members on the topic – here’s E: E- Equal. When dealing with family businesses – especially when some family members work in the business and others don’t – “Fair is not always equal, and equal
Family Keys Alphabet – E Read More »
By Steve Harmon, Managing Director of Spartan Logistics Can there be a connection in the workplace? At Spartan, the answer is YES! Being a family owned company, we tend to do things a little bit differently. We’ve thrown the rulebook out the window by creating a company that not only values our team members but also
By Conway Center Service Provider Joel Guth, CEO, Founder Gryphon Financial Partners Every business owner is going to exit at some point. That is a fact. However, this can be an intricate, multifaceted task. For the past twenty years, we have advised our business owner clients and prospects to start with the same 3 questions.
Succession Planning – Where to Start? Read More »
The Conway Center’s former Director, Becky Blatt, facilitated an educational program: “Managing Family Business Relationships: Siblings, In-Laws, and Spouses, Oh My!” She ended with this poem, which resonated with many of our members. Family Business by Nadir Godrej, Managing Director of Godrej Industries Nadir Godrej, is the leader of a highly successful family business and also a
A Family Business Poem Read More »
Here’s a preview of what’s to come at our November 19th Educational Program. Dr. Thaddeus O’Brien, an organizational consultant and member of the Conway Center for Family Business Advisory Board, will explore communication challenges and enlist our audience to participate in sharing best practices. He writes, Today we have at our disposal more vehicles for communicating
Meaningful Conversation in the Family Business Read More »
