Monthly Message – October 2014Expansion and Growth Strategies forYour Family BusinessOctober 16 – 7:30-9:00 a.m.Community Room in Alumni HallOhio Dominican University1216 Sunbury Road, Columbus, 43219Thinking about expanding your family business? Wondering how to take your business to the next level? Tom Dunson, of Commerce National Bank, will lead a panel discussion that focuses on strategies that will help you assess your opportunities for growth and expansion and risk factors you need to consider. Members of the panel will include Brian Butler from Dublin Cleaners, Tom Kessler from Capital City Electric, Jim Bechtel of GBQ Partners, and Rose Roman of Commerce National Bank. The panel will discuss the types of financing available to family business leaders who are considering expansion, how to qualify for different levels of financing, and where you can apply based on your risk factors. You will also learn how to prepare and update your balance sheet to make it effective when meeting with prospective investors, potential partners, and lenders. Brian Butler and Tom Kessler will share their experience with the growth and expansion process, and reveal what was successful, what wasn’t, and what they would change if they were to do it again. Don’t miss this great opportunity for you to gain a first-hand perspective on how and when you should grow your 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. ODU’s Family Business ClassFree for Conway Center Members!Building, Operating, and Passing on a Family Business will be offered by Ohio Dominican University this fall and Conway Center members are invited to audit the class at no charge. Conway Center co-founders Dick Emens and Bea Wolper will teach the 8 week course which takes place on Thursday nights from 6:00-9:30 p.m. starting on October 16 and concluding on December 11. The class will focus on issues related to the developmental lifecycle of the family business. Family business leader Steve Harmon, president of Spartan Logistics, will lead one session. Given that the vast majority of active (large and small) businesses are family businesses, this course examines critical success factors related to growth, success and succession. Additional topics covered include managing family dynamics in the context of the business, managing family member entrance and exit to the business, and selling or passing on the business. Contact Associate Director Deana Gordon, Gordon@FamilyBusinessCenter.com or 614-253-4820 by October 13 to register. Sign Up Today!16th Annual Family Business Awards and ExpoNovember 7Aladdin Shrine Center3850 Stelzer Road, Columbus, 43219
Sponsored by: Business First, Commerce National Bank, Definity Partners, Fathom, Gryphon Financial Partners, Rider + Reinke Financial Group, and Taft/ Awards LuncheonSign up today for the 16th Annual Family Business Awards Program on Friday, November 7, 2014 at the Aladdin Shrine Center. This event celebrates the accomplishments of outstanding family businesses within our community by honoring family businesses with awards in the following categories: Communication, Community Engagement, Family Business of the Year, Lifetime Achievement, Milestone Achievement, Re-Invention, Succession Planning, and Support of a Family Business. Please RSVP for the Awards Luncheon by October 24. Contact Heather Howell at Admin@FamilyBusinessCenter.com or 614-253-4820 Family Business ExpoDon’t miss this outstanding business development opportunity only available to Conway Center Family Business and Service Provider members! The Expo is a great way to meet other Conway Center members and showcase your business, products or services to more than 400 family business leaders and advisors who will attend the Awards Program.
Please RSVP for the Expo by October 24, 2014 in order to guarantee your space. Contact Jill Hofmans at Coordinator@FamilyBusinessCenter.com or 614-253-4820 for more information. Save the Date!Shedding the Ties that Bind: Coping with Founders Who Can’t Let GoNovember 20 – 7:30-9:00 a.m.Community Room in Alumni HallOhio Dominican University1216 Sunbury Road, Columbus, 43219Mike Crotty, president of Spirit Services, found himself in a situation that no family business leader wants to face – making the hard choice between keeping a family member in the business and making sure the business has a solid future. During our November educational program, Mike will share the history of Spirit Services, how he found himself at a critical crossroad for the future of his family’s business, how he handled the situation, and what he’s learned along the way. Mark your calendar today so you don’t miss this presentation full of valuable insight for founders and next gens alike. 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. Directors’ InsightThe primary mission of the Conway Center is providing educational programs and resources to family business leaders to help you grow and transition your business to the next generation. You probably know that we offer many educational programs and roundtables, and eight different peer groups to our members. These meetings are primarily presented and facilitated by our service provider members, who have expertise in a variety of family business issues such as succession planning, communication, financial management, and estate planning. But did you know that many of our service providers are also available to speak to other organizations where you belong? In addition to the topics mentioned above, like succession planning, they are happy to discuss retirement planning, cash flow management, risk management, compensation plans, tax compliance, branding strategies, and more. So if you are part of an industry trade association, service organization or Chamber of Commerce that is looking for speakers for meetings or conferences, please let us know. We’d be happy to share a full list of topics and speakers who will help make your next event both interesting and educational. Dick and Deana 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. Women’s Peer Group Next Generation Leaders Peer Group Leadership Development Business Development Peer Group Online Strategy Peer Group CEO Peer Group Succession Planning Peer Group The Conway Center Blog is LIVE! Keep in mind:
If you have something to share, in 300-500 words, please contact Jill Hofmans at Coordinator@FamilyBusinessCenter.com. Get Your Job Postings Noticed!There is a new searchable database on jobs available in the Columbus Region on the Columbus 2020 website: If you have job postings on your website, you are eligible to be included in this database. Just send your job site link to Becky Blatt at Columbus 2020 — bb@columbusregion.com. Another way for your job posting to gain more attention is to add it to the online job-finding discussion by tweeting the job with #cbusjobs. The tweet will also show up on lifeincbus.com, part of a talent recruitment campaign led by Experience Columbus that gives a glimpse into living and working in the Columbus Region. Member EventsGREENCREST Build Your Brand WorkshopGREENCREST, the only Certified Brand Agency in central Ohio and one of only 31 in North America, is offering a unique and exclusive workshop for those eager to learn how to better brand their business. GREENCREST’s Brand Discovery Sessions are valued at $7,500, but you can learn how the brand development process works for only $297 per person! In this powerful 3-hour workshop, you will learn:
Build Your Brand DIY Workshop will be offered from 1-4 p.m. at Commerce National Bank, on two more dates this fall: October 16 and November 6. Register online at www.greencrest.com/workshops/register. Fraud: Just Because You Don’t Talk About It Doesn’t Mean It’s Not HappeningDuring this free webinar presented by Plante Moran on Wednesday, October 22, from 2-3 p.m. EDT, their experts will discuss real-world examples of fraud, best practices for identifying and preventing an occurrence, and solutions if fraud occurs at your organization. The threat of fraud exists across every industry and within all areas of an organization. The risks go far beyond potential financial loss. Fraud could compromise customer data and negatively affect your reputation. Don’t become another statistic by waiting for fraud to occur. Register here. Columbus Labor & Employment SeminarTaft Stettinius & Hollister LLP invites Conway Center members to a free seminar on Labor & Employment Law on October 23, 2014, from 11:30 a.m.-5:00 p.m. at the Columbus Renaissance Hotel, 50 N. 3rd St., Columbus, OH 43215. The event will includes sessions on background checks, same-sex marriage, mental health, 24/7 workplace issues, contractor compliance, ACA, and workplace violence prevention programs. It also includes lunch at 11:30 a.m. and a cocktail reception at 5 p.m. at the conclusion of the program. Welcome New MemberMPW Industrial Services Established in 1972 and headquartered in Hebron, Ohio, MPW Industrial Services is a leading provider of integrated, technology-based industrial cleaning, facility management, water purification and container management services throughout North America. CEO Monte Black started the business when he began cleaning truck fleets using a pickup truck retrofitted with a pressure washing system. Today, MPW has grown to more than 40 locations and nearly 2,500 employees across the United States. In addition to Monte, MPW employs eight family members, including Kristen Hargus, Director of Human Resources, and General Managers Jared Black and Adam Black. Welcome New Service ProvidersHW&Co. Started in 1990, HW&Co. (formerly Howard, Wershbale & Co.) is one of the 200 largest CPA firms in the country. With 125 employees, HW&Co. is a regional certified public accounting and consulting firm with locations in Cleveland, Columbus, and Mentor, Ohio. The firm provides valuation and appraisal services for family businesses along with comprehensive financial, tax and business advisory services. Bob Evans works in the firm’s Business Valuation, Merger and Acquisition and Litigation Support practice areas and also advises clients with complex tax and accounting issues. HW&Co. believes its greatest strength is listening to their clients to understand their challenges and develop innovative and effective solutions, which they’ve incorporated into their motto, “Conversations That Change Everything.” Merrill Lynch/Bank of America Merrill Lynch began as a small firm in 1914, and has since grown to become one of the world’s leading financial institutions. John Forloine joined the firm in 2013, and now along with his Client Associate, Jasmine Petrovski, assists business owners in an array of financial solutions – among them, are corporate lending, merchant services, and facilitating the sale or recapitalization of their business. Member NewsAccel Finds Columbus’s Affordability, Location Key To Growth Donatos Adding 200 Jobs In Central Ohio City Approves Land And Building Deal For Alkon CNG Fueling Station Coming To Obetz As IGS Energy Builds Network Lindsay Honda Turning Old Scarborough Mall Into Massive Dealership Educated Columbus Workforce Helps MPW Industrial Services Grow Berger, OhioHealth Make Partnership Intentions Official Spartan Seals Deal To Buy Large Warehouse, 50-Plus Acres From Whirlpool White Castle testing veggie slider Interesting ReadingInside The Family Business: Boundaries And Best Practices Your Money: Are You Preparing The Future Of Your Family Business? The Three Big Reasons Family Businesses Fail … And How To Avoid Them Four Misconceptions About Succession Planning Why Privately Held And Family-Owned Businesses Should Have Independent Boards Of Directors 5 Strategies For Growing Your Family Business Happily In The Firing Line: A Family Business Guide 3 Millennials Shaking Up Their Family Businesses Sons no longer the natural successor to family business The Succession Of Family Members, Filling Big Shoes Family Business Boards Need Women Directors Addiction And The Family Business Most Family Businesses Fail, But Parenting Might Be Their Saving Grace |
Upcoming Programs
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 |
