7am – Optional Roundtables
- Cyber Security Threats: It’s Not If, It’s When – Eric Pulse of Eide Bailly
- Dealing with Performance Management Effectively – Mary Jo Vance of The Weston Group
- Family Systems & Relationships in Family Business – Agatha Johnson of Generations to Generations
- Implementing Traction: Issues, To Do’s and Rocks… Oh My! – Gayle VerHey of VOLT
- Seven Ways to Maximize Your Relationship with Your Banker – Craig Larson of Starion Bank
- Succession Planning & Estate Planning: How They Work Together – Travis Benson of Thompson Law, P.C.
- Technology: Friend or Foe? – Adam Cooper and Stephanie VerHey of Marsh & McLennan Agency
- The Elephant in the Room: Addressing Uncomfortable Topics – Dr. Justin Anderson of JSA Advising
- What is an EAP and How Can It Help Your Employees? – Fred Rule of Avera
Think Big, Act Bigger: The Rewards of Being Relentless
The most dangerous move in business is the failure to make a move. Jeffrey Hazylett, former CMO of Kodak and leader of the C-Suite Network, will headline day two. He operates his own family business, The Hayzlett Group, alongside his wife and two children. Jeffrey empowers business leaders to tie visions to actions, advancing you past competitors and closer to your business dreams. You will leave with ten core lessons that dare you to own who you are as a leader and a company, define where you want to go and fearlessly do what it takes to get there.
9am – Networking Break
9:30am – Breakout Sessions
Golden Handcuffs: Tools and Strategies for Rewarding and Retaining Key Employees
Blake Crow, CPA – Eide Bailly
This presentation will cover the basics of executive compensation plans. These plans can be used to supplement or enhance the income of business owners. Additionally, they can act as strong tools to encourage key employees of the business to remain with the business by placing “golden handcuffs” on them. This can be particularly beneficial when those key employees will play a significant role in ensuring the successful transition of a family business from one generation of owners to the next. Tools and strategies to be covered include:
- Compensatory Options to Buy Stock or Other Property
- Statutory Stock Options
- Incentive Stock Options
- Employee Stock Purchase Plans
- Nonstatutory Stock Options
- Nonqualified Deferred Compensation Plans
- Excess Benefit Plans
- Supplemental Executive Retirement Plans
- Phantom Stock Plans
Building Value in your Everyday Business
Kurt Whitesel – B2B CFO and Loren VenHuizen – B2B CFO
Featuring family business member Pride Neon and the Menke Family
Every business has a value – whether it meets your financial needs for transition has a lot to do with planning. Helping your business meet its profit capabilities will go a long ways to achieving your value goals. This presentation is designed to help family business owners focus on 8 key areas for building value that can be done rather inexpensively with inside talent.
10:30am – Networking Break
10:45am – Breakout Sessions
Integrating Your Head and Heart
Chris Rhyme (presented at 2017 ND Forum) and Jay Brenneman | The Business Transition Group and SageQuest Consulting
A successful family business transfer requires navigating the delicate dance between the heart-felt truth of best family practices and the time-honored tactics that preserve family enterprises. This normal family and organizational challenge is often unfamiliar territory for even the most seasoned entrepreneurs and business leaders and it calls for an informed balance of emotionally intelligent leadership and execution on best business strategies. The reality is many need a guide in each of these respective areas who can help integrate the heart issues including: identity, control, purpose, and self-worth with the tactical issues of tax mitigation, financial planning, and risk management. Join a thirty year veteran executive coach and family business advisor, Jay Brenneman and a lawyer, former investment banker and wealth strategist Chris Rhyme to hear about their work with closely held businesses around the country to learn how you can create your own “transition without regrets.”
- How to avoid the emotional landmines in succession/exit planning
- How to multiply the economic efficiency of your transition
- How to integrate the numbers and people into a transition without regrets.
- Compensation plans
Small Group Discussions
Suggested audience: Family businesses with less than $10M revenue.
There will be four different interactive discussions. Choose one topic to participate in and halfway through, switch to a second topic. You will learn more about the presented topic and you will get to know fellow family business leaders through the interactive nature of the presentation.
Topics and Moderators:
12pm – Lunch & Closing Keynote: Marty Palmer
Palmer Candy Company
Learn from a 139 year old how company on how to integrating family members, create a family business culture and sustain your legacy.