30th Annual Family Business Conference

Conference Agenda

Thursday, April 28, 2022 (Day 1)

8:15am – 7:30pm

8:15 AM   \\   Welcome

Stephanie Larscheid, Executive Director  \\  Dean Venky Venkatachalm, PhD, USD Beacom School of Business

8:30–9:30 AM   \\   National Family Business Success Story

Growing a Multi-Generational Family Business presented by Dan Cathy, Chairman, Chick-fil-A

9:30–9:50 AM   \\   Break

The Power of One: How One Attitude, One Action and One Person Can Change the World

John was a curious nine-year-old boy. Playing with fire and gasoline, he created a massive explosion in his garage and was burned on 100% of his body. Given less than 1% chance of survival, John is proof of the power of the human spirit.

His unlikely recovery meant a journey of pain and loss that could have easily been insurmountable. However, far from being an example of someone who simply endured tragedy, John is a luminous example of thriving through adversity.

Surprisingly, this “survivor” story isn’t focused on John – rather, it is a celebration of heroes who intimately served him and his family. From a dedicated Hall of Fame sports announcer to a visionary burn nurse (and countless others), every individual involved in this 1987 fire teaches us this truth: one person can make a profound difference in the lives of others.

With emotional storytelling and unexpected humor, John reminds audiences of the significance of daily attitudes, the power of gratitude, and the impact of serving others with courage. He reawakens audiences to realize the gift of today and the possibility of tomorrow.

10:50–11:10 AM   \\   Break

Most people believe they are born with all the knowledge they need to be good family members. We all wish it were so simple. In this session we learn how to better communicate and deal with our family members.  In this session we will interactively learn about family patterns and develop a deeper understanding of why people behave the way they do. Words and actions that trigger people will become clear. You will gain the ability to send clear messages that don't contain emotional triggers – triggers that can cause drama at best and family battles at worst. With an understanding of family dynamics, you gain a greater ability to understand others, yourself, and how to better communicate, which all lead to better family cohesion, harmony and love.

12:00–1:30 PM   \\   Lunch and Awards Program

30th Anniversary Video \\ Board School Graduation \\ Vicki Clarke Family Business of the Year Award \\  Heritage Award

The Three P's: People, Planet & Profit

Being a sustainable family business includes having staff that are happy, valued, and enjoy helping the business thrive. Incorporating sustainable practices with your team leads to benefits throughout a company including happier and more productive employees and higher retention rates, increasing profits, and increased market share.  

In a family business, how do we do this? How do we innovate and support our people to be our best resources offering bright ideas and feeling ownership for implementing ideas that help the business thrive?

Learn how to incorporate sustainable practices with your employees as partners and communicate well to your customers. Real family business examples and take-home strategies will be shared that you can use in your own family business.

2:20–2:50 PM   \\   Break

2:50–3:30 PM   \\  Afternoon Breakout Sessions

We’ll introduce the basic machinery of the estate tax and how trusts function. We’ll proceed to examine some basic trusts and then examine a selection of highly efficient tax-minimization trusts.

You know you want your business to be multi-generational, but how do you make that happen? Learn how to be as prepared as possible in the next generation – in finances, structure, ownership, leadership, family cohesion and the emotional aspect.

Kyle Steffes, third generation of Steffes Corporation, will share his next gen experience along with Kyle Schwan, second generation, and John Schwan, first generation, of Schwan Financial Group.

3:30–3:50 PM   \\   Break

3:50–4:30 PM   \\  Afternoon Breakout Sessions II

As family businesses evolve through generations, your family may or may not have CEO skills and experience within bloodlines. Or, a family member may need years of experience and coaching to become a prepared leader. A non-family executive can often bring to the table what a family member may not be able to, including bridging communication and expectations between owners and management. Add a board to the mix and the relationship among all is even better! Learn from sixth generation owner Anne Hussey as she shares her own family’s experiences as well as takeaways from family businesses she works with daily.

Learn from two families with differing perspectives about family ownership. They will share how their ownership structure came to be and why their ownership method works for their family and business.

4:30–5:30 PM   \\   Break & Room Reset

5:30–7:30 PM   \\   Taste of Family Business

A social networking evening that includes a sampling of food and wine from family businesses from around the region. 

Friday, April 29, 2022 (Day 2)

7:30am – 12:00pm

7:30–8:15 AM   \\   Roundtables

  1. "9 to 5" Keeping Employees Engaged | Beth Roesler, Goosman Law Firm
  2. Barriers to Planning - Taking Action | John Schwan, Schwan Financial Group
  3. Boards – Ask Me Anything!  | Agatha Johnson, WillKate (Online only!)
  4. Brand Strategy for Inflection Points | Meghan Lynch, Six-Point Creative
  5. Communication: Generation to Generation | John Gugliada, Family Enterprise USA
  6. Family Employment Policy | Anne Hussey, Hussey Seating Company
  7. How to Develop A Top Notch Workforce that will Accelerate Your Business | John Hnastchenko, Insperity
  8. How to Identify, Recruit & Compensate the Right Board Members | Sandra McNeely, Abbey Legacy
  9. How an Outside Trustee Can Add Value to Your Business & Estate Plans | Gary Popkes, Frontier Bank
  10. Inflation Station | Peter Moyer & Joe Kaufman, J.P. Morgan
  11. Pre-transaction Planning: Defining what a transaction will mean for owners, their families and the personal side of their balance sheet | Jim Jarding, Eide Bailly (Online only!)
  12. Succession How To’s | Tom Lenkiewicz, JP Morgan (Online only!)
  13. The Transition to Retirement | Laurie Dirnberger, Avera
  14. Traction Table | Kyle Kangas, VTH Works
  15. Trusts for Your First Rodeo - And Beyond, Continued | Travis Benson, Thompson Law, PLLC
  16. Unique Ways to Attract Employees to Your Business | Katie Johnson, Bank Midwest
  17. Wealth Management: Ask Me Anything | Casey Franken, WillKate
  18. Who's Telling Your Story | Chris Hintz and Thad Giedd, Pinnacle Productions
  19. Your Back Office: Is It Time to Consider Outsourcing? | Kristen Boyle, EideBailly

8:30–9:30 AM   \\   Morning Keynote: Mike Michalowicz

Profit First: Permanently Profitable for Generations to Come

9:30–10:00 AM   \\   Mike Michalowicz: Q&A Hot Seat

Solving your business problems

10:00–10:15 AM   \\   Break

10:15–11:00 AM   \\   Breakout Sessions I

Have you considered a partial ESOP (Employee Stock Ownership Plan) for your family owned business? We’ll talk about advantages, challenges and common myths related to employee ownership. Learn about effective governance methods through partial ESOPs as well as the importance of business valuation.

You’ll also learn about different tax strategies with ESOP’s including deferring capital gains with partial ESOPs. Throughout the presentation, we’ll feature a family business that recently transitioned to a partial ESOP.

In this "Great Resignation," companies are finding the power balance between the job seeker and the employer has radically changed. Over 76% of companies now cite hiring as their number 1 roadblock to growth. Luckily, family businesses are uniquely positioned to compete for talent in this new environment if they put a few simple practices into place. Learn how you can leverage the intangible values already in your business to create a breakthrough employer brand that attracts the people you need to keep your business running, and next-level talent to help you grow.

11:00–11:15 AM   \\   Break

11:15 AM–12:00 PM   \\   Breakout Sessions II

The EOS Life is doing what you love, with the people you love. Making a significance difference, being compensated appropriately and having time to pursue other passions. Leading and living this type of life takes intention and discipline.

Developing yourself as a leader in family, in business and personally can be aided by using a Family VTO (Vision, Traction, Organizer). Through self-reflection and time management, you’ll have strategies to use in creating your own EOS Life, your best life and showing up as your best self.

Tamien Dysart & Vaney Hariri

One of the most critical attributes to a healthy culture is that it is clearly defined, articulated and has clear behavorial expectations aligned with it.
For most family operations and medium-sized businesses, the focus of leadership is on the business and its growth.

We exist to help owners, operators and leaders craft and support the culture they desire and vision for their business.

Something we say and believe in wholeheartedly is that nothing of significance happens without intention - your organizational culture included.

A culture will emerge whether intended or not, but if it's not one you invest in it will certainly be one that you pay for.

We're going to spend time diving deep into the Power of Culture and how it manifests itself for you and your teams.

12:00 PM   \\   Closing Remarks & Conference End