Monthly Message — February 2015Successful Succession Planning Strategies for Family BusinessesFebruary 19 – 7:30-9:00 a.m.Alumni Hall at Ohio Dominican University1216 Sunbury Rd., Columbus, OH 43219Program Presented by KeyBank Conway Center co-founder, peer group facilitator, and service provider Bea Wolper, president of Emens & Wolper Law Firm, will lead a lively discussion about tried and true succession planning strategies that you can use in your family business, including the importance of understanding the wants and needs of family members when planning for succession, the role of family business councils, steps in the planning process, and the importance of a buy-sell agreement. Conway Center members Matthew McClellan, president of Miles-McClellan Construction Services; Fritz Reitter, president of Reitter Stucco & Supply Co.; and Toni VanHorn, vice president and CFO of Sound Communications, will also share their succession planning journeys, lessons learned and tips for an effective plan. 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. Keys to Engaging and Motivating Non-Familyand Family Employees in Your Family BusinessMarch 19 – 7:30-9:00 a.m.Alumni Hall at Ohio Dominican University1216 Sunbury Rd., Columbus, OH 43319Some 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, and a panel of family business leaders will help you explore and discover some of the challenges in keeping both family and non-family employees motivated and productive. Topics will include:
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. SAVE THE DATE!2nd AnnualConway CenterGolf OutingTuesday, July 14, 2015Little Turtle Golf ClubThe Conway Center will be hosting an even bigger and better golf outing for family business leaders this summer. Mark your calendar now so you don’t miss this 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! For information about registration and sponsorship, contact Deana Gordon at Gordon@FamilyBusinessCenter.com or 614-253-4820. Directors’ InsightIf you’ve attended an educational program during the past year, you’ve probably noticed that we include a Member Spotlight at the beginning of the program. The featured member spends 1-2 minutes sharing information about his or her business and the family members that work there. It’s been a great way for members to learn more about each other and we’ve really enjoyed learning more about the members who have presented. If you haven’t had an opportunity to share your story with us, and would like to schedule a date to be “in the Spotlight”, please email Deana at gordon@FamilyBusinessCenter.com. Dick and Deana Adverse Weather PlanIf we ever have to cancel an educational program due to inclement weather or unforeseen circumstances, we will notify the media sources listed below and send an e-mail to all of our members. For peer group cancellations, we will notify individuals who have registered and everyone on that peer group distribution list. In addition, all cancellations will be noted on our website calendar. If you ever wake up and are uncertain whether we will be meeting, please check your email, or turn on your radio or television, and listen for our announcement before you head out the door. If there’s no announcement or no e-mail from us in your inbox, that means we’re waiting for you to join us! Radio Stations: Sunny 95, 610 WTVN, WNCI 97.9, WOSU 89.7 FM, 97.1 FM. Television Stations: 4, 6 & 10 Conway Center Peer GroupsTo 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 Peer Group Business Development Peer Group Online Strategy Peer Group Women in Family Business Peer Group Next Generation Leaders Peer Group Succession Planning Peer Group CEO Peer Group Welcome New Members5 Star Staffing Company president Flo Lang opened 5 Star Staffing with her husband Joe in 1991 in Westerville. Since then, the business has grown to include second and third generation family members. 5 Star Staffing provides human resources expertise in both temporary and direct-hire placement, focusing on the food service industry. The company has been an active member of the Westerville Area Chamber of Commerce, the Ohio Recruiters Association, and the Capital Area Safety Council. Growing primarily through referrals, 5 Star enjoys developing relationships with their clients and exceeding expectations. Capital Resin Corporation Capital Resin Corporation is a leading chemical manufacturer specializing in Grote Company Founder of Columbus-based Donatos Pizza, Jim Grote wanted to develop a better way of slicing and preparing pepperoni. In the late 1960’s, Jim created the “Peppamatic” – the world’s first automated pepperoni slicer/applicator. This inspired Jim to found the Grote Company, which is now a world-wide supplier of industrial food processing equipment, serving further processors in meat, dairy, bakery, frozen foods, produce, and the snack food industries. Second generation family member Bob Grote is the company’s CEO, while his brother, Jack Grote, is President and COO. Jim Grote is the company’s Chairman. The Grote Company’s Vanmark division is the market leader in continuous abrasive peeling equipment, and hydrocutting for root vegetables. With both domestic and international locations, and a total of 160 employees, Grote Company works hard to promote their vision “To Feed a Growing World – Together.” Resource International, Inc. Resource International, Inc. is a broad-based, multi-disciplined professional engineering consulting firm, specializing in construction management, information technology and planning, and design of building and infrastructure projects. Started in 1971 by CEO and Chairman, Farah Majidzadeh, Resource International has headquarters in Columbus, with full-service branch offices in Cleveland, Cincinnati, Pittsburgh, and Indianapolis. Farah’s husband, Kamran, is the company’s President. Second generation family members include Marcia Majidzadeh Lampman, Todd Majidzadeh, and Mark Majidzadeh all operating as Executive Vice Presidents, and Stasia Vavruska, Senior Vice President and Legal Counsel. Farah has received numerous awards and appointments for her work in construction management, design and technology fields, including appointment to the Board of Directors for the International Road Federation (IRF), 1998 Master Entrepreneur of the Year Finalist, and Ohio Women’s Hall of Fame. The Siekmann Company The Siekmann Company specializes in group retirement and health care administration for small and mid-sized companies. President Bob Siekmann founded the company in 1981. His son, Aaron Siekmann, is the company’s sales manager for the retirement plan division. Located in Dublin, Ohio, the Siekmann Company customizes and administers employee benefit plans that meet the needs of both employers and their employees. The company also provides HR services including new-hire packets, carrier enrollments and terminations, and monthly billing reconciliation. Bob and Aaron Siekmann work hard to make sure their clients are fully educated, protected, and serviced in all areas of their benefit offerings. MEMBER EVENTSBuild Your Brand DIY WorkshopNeed to get ahead of your competition? Then it’s time to uncover your brand distinction. HR Excellence Awards Nominations Now OpenNominations are now 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. $10 Million Available Through Ohio’s New School Mentorship ProgramThe Ohio Department of Education is extending the deadline for organizations to submit applications for the state’s new $10 million Community Connectors mentoring program grants. Applications will be accepted through March 6, 2015. Gov. John R. Kasich’s proposal brings together families, community organizations, faith-based organizations, businesses and others in support of our schools and to mentor students. Community Connectors provides $10 million in 3-to-1 matching grants that will help give more Ohio students access to role models who can help motivate and inspire them, as well as help them develop skills that lead to success in school and the workplace. More information about the program including a webcast and Frequently Asked Questions can be found at CommunityConnectors.Ohio.Gov. Email info@communityconnectors.ohio.gov if you have any questions. Member NewsFree Programming Classes Part Of AWH’s Grow-Your-Own Recruiting Strategy Donatos Pizza Shop/Bar To Anchor New Development In The Short North Highlights For Children Subsidiary Buys Phonics-Based Superkids Reading Program The Gardner Group To Merge With Hylant Let’s Get Away From It All Central Ohio’s Top-Selling Auto Dealerships – COUNTDOWN How Reitter Stucco’s Trying To Keep The Business In The Family Wait is over – White Castle on the Strip opens Interesting ReadingWhen Family Meets Business: Conway Center Identifies Issues Unique To Family-Owned Firms Snatching Tax Relief From A Revenue Defeat IC-Discs Offer Tax Savings For Exporters Understanding The ACA Net Investment Income Tax Important Tax Figures for 2015 One Of The Biggest Obstacles In Succession Planning Family Business Succession Tips New Tax Rules For Tangible Property Surviving In A Family Business When You’re Not Part Of The Family Signs Of Optimism Among Family-Owned Businesses 3 Steps to Take Over the Family Business Thinking Through The Process Of A Succession Plan Family Meetings: Communication Or Governance Tools? |
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Connect With UsContact UsConway Center for Family Business J. Richard Emens Deana Gordon MembershipMembership in the Conway Center for Family Business is open to all family businesses in Central Ohio. For more information on the benefits of membership, visit: familybusinesscenter.com |
