Education

Succession planning can pose many different challenges. Today our panelists will discuss figuring out how the next generation comes up with the proceeds to buy out the leading gen sellers. A cash balance plan can help solve that problem by contributing business revenue to pre-tax cash balance accounts, most of which benefit the leading gen, but to some extent benefiting other employees, too. The liability reduces the value of the business and thus cash and loan proceeds buyers need to come up with. The sellers, while receiving a lower purchase price, make up for that by receiving payments from their cash balance accounts, which also could be rolled over to an IRA. In that way, the cash balance plan benefits the buyers and sellers. We will discuss in more detail how this strategy works and which companies would be good candidates for this strategy. ... read more

Accountability in a family business is critical – without it, issues of favoritism, nepotism, and entitlement creep in and erode the culture. There is much advice out in the world about this, and many different operating systems are designed to conquer it. Our panelists will share how they keep everyone accountable, from the receptionist to the CEO, and why it’s important for their family business to do so. ... read more

For non-family C-suite leaders working in a family business. Peer-to-peer driven, sessions focus on objective and thoughtful insight and advice from those in similar situations. Additional fee to attend. Pre-approval to join and RSVP required. ... read more

Validating data sources, using data & technology to your advantage, incorporating multiple sources, and adapting to your organization’s compensation strategy are just a few of the challenges facing companies. Add to that, candidates, employees, managers, job boards, and leaders adjusting to new pay transparency expectations and regulations, and you find compensation rising up the ladder of importance in most businesses. Join Jim Morgan, Vice President, Business Development & Workforce Strategies at MRA as he reviews MRA’s 2023 Compensation Trends survey results. Jim will share the top comp trends that will help you attract & retain the high-quality talent you need, while navigating the complex compensation environment today. ... read more

Setting Boundaries - Setting healthy boundaries at work is essential. Without them, it can lead to toxic situations, overwhelm, disrespect, and increased stress levels. To set healthy boundaries, it is important to know your bandwidth and learn to say no. In family businesses, where the lines are much hazier, defining boundaries can be particularly difficult. Join us as we discuss specific examples and strategies of how to set and communicate boundaries. By being clear, concise, and addressing boundary violations on the spot, learn how to protect your time, energy, mental well-being, and avoid negative consequences. ... read more

... read more

Regardless of the economic outlook, how can you position your company to grow? If applicable, learn from the last recession. What worked/didn?t work for your business? Look for opportunities Incorporate Scenario Planning and be mindful of your customer mix Communicate with your stakeholders Regardless of the economic outlook, how can you position your company to grow? If applicable, learn from the last recession. What worked or didn't work for your business? * Look for opportunities * Incorporate Scenario Planning and be mindful of your customer mix * Communicate with your stakeholders * Come hear how these family business leaders remained successful during recessions and other economic downturns. Panelists: Dan Erb, Jones Metal Products Sanjay Patel, A-1 Nursing Care Kathy Warnick, Warnick Consultants Facilitated by Tim Martin, JACO Advisory Group ... read more

The CEO Peer Group of Rising and New Leaders of family-owned businesses. The group is by invitation only and there is an additional annual fee to attend. ... read more

The Rising CEO Peer Group is for next gens who will be taking a greater leadership position in their family business. The group is by invitation only and there is an additional annual fee to attend. ... read more

Effective Communication Among Generations - Staying on top of communication can be difficult. Add to that the need to communicate with family members across different generations and with increasing reliance on technology - there are bound to be a few missed steps. We’ll talk about what makes effective communication, explore what you’re already doing well, and discuss the differences in expectations among different age groups to gain insight and grow. ... read more

... read more

Having ''The Talk'' - Succession & Other Difficult Conversations with Aging Parents - When there is no succession plan in a family business, it can cause family strife, bad leadership, and a lack of focus, all of which eventually could cause the company to fail. Discussing the transition of leadership can be emotionally charged and challenging, but addressing this topic with parents is a crucial step towards ensuring the business's future and maintaining family unity. Join us for this discussion, along with other emotionally taxing difficult conversations with aging parents, such as caregiving and financial management. We'll explore some tips and tricks for fostering an open dialogue crucial for emotional conversations and effective communication techniques ... read more