60-minute, topic-oriented, educational forums highlighting experts and family businesses
Succession Journey: From Founders to Siblings to Cousins
Planning to transition to the next generation is a daunting task for any family business. Managing family dynamics and emotions, transitioning key leadership roles, and navigating intricate tax and estate planning issues while trying to keep the business operational is enough to make any business leader feel overwhelmed. But what changes when you prepare to transition your family business again—this time to the third generation?
The Bender family of Falcon Plastics will share their family business succession planning story and insights, the unique challenges of transitioning to the third generation, and lessons learned in navigating their own family business transitions.
Managing Communication, Adversity, and Conflict for Business and Agricultural Families
Presented by Travis Benson of Thompson Law and Karl Oehlke of Avera
Hear from two professionals who address business and family communication challenges daily as they share their best practices to set your family and your business up for success in 2024 and beyond.
Why Strengths-Based Teams are the Key to a Thriving Family Business
Presented by Kolbe Corp
Most of us only have a partial picture of our strengths. Family Business Kolbe Corp helps to provide the missing link – knowledge beyond what you do well, but how you do it. Presenter Amy Bruske discussed strengths and what you need to know about your own to be more productive.
Transitioning Your Family Business: Succession Planning Tips to Think About Now!
Presented by Eide Bailly
Regardless of industry, size or line of business, all business owners must someday transition their business. Yet many studies find that about 75% of family businesses do not have a succession plan in place. No matter who the next owner of your business may be or when you plan to exit, transitioning is a major process that requires time and effort.
Finding the Right Level of Conflict in Your Family Business
Presented by Josh Baron
The reality is that unless a family’s interests are perfectly aligned, a rare occurrence in my experience, some conflict is inevitable. Therefore, the priority is to manage it, not tolerate or eliminate it. Conflict that is not managed inevitably escalates. Participants learned how to better manage conflict in a family business.
Tough Topics: Navigating Challenging Conversations
Presented by Dave Moffatt, Ginny Curley, and Tom Iverson
We avoid them, we ruminate on them. And we know we need to have them for the good of our business and the good of our family. But why do some conversations seem harder to start than others? And how do we get started? This session gathered tips from those who have navigated tough conversations and have improved their relationships and their businesses.
Leading at Scale
How do you scale a family brand without losing the heart and soul that has made it successful? Jessica Little, second-generation owner of Sweet Grass Dairy, and Meghan Lynch, CEO of Six-Point, discussed the creamery’s transition from a regional chef favorite to successfully scaling to national retail distribution.
Developing Yourself as a Leader
Leadership development was the highest desired topic theme according to our recent membership survey. Family business leaders discussed how they are developing themselves as leaders and shared how they are leading their business culture and leading relationships with employees, vendors, suppliers and family.
Panelists: Emily Schmitt, G3, Sukup Manufacturing, Sheffield, IA; Eric Sinclair, G5, Montgomery's, Sioux Falls, SD; Max Patnoe, G4, Liberty Superstores, Rapid City, SD
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