2022-23 Schedule
August: Navigating Conflict: Keep it in the Family
Thursday, Aug. 25, 2022
Do you have a strategy for navigating conflict within your family and family business? Family businesses seek prosperity in both areas, but underlying family conflict, differing below-the-line interests and underperforming business units often derail such aspirations for all. Then, these issues adversely impact the family business and family relationships. As recent speaker and family business guru Dennis Jaffe said, "a family business is the most complex organizational system that exists." While most family businesses are founded and managed by first- or second-generation family members, only about 10% make it to the third generation. The main reasons are conflicting personal interests and professional mismanagement. Session one of the 2022-2023 Virtual Breakfast Series will focus on tools to manage the complexities of family business, healthy boundaries, clarifying goals and roles, expressing commitments to the family and business, and tools for conflict resolution.
October: Translating Family Values Into the Family Business
Thursday, Oct. 20, 2022
Family businesses are created with values ingrained in the DNA of the family and passed from generation to generation. Some families find ways to embrace, celebrate, and translate these values within the business itself. Our values have deep roots and dictate how we live and work. For example, Hobby Lobby, Burton, Gallo, Nike, White Castle are all family-operated and find ways to live their family values within the business. In this session of the Virtual Breakfast Series, panelists discuss how they have been able to translate their values into the fabric of the family business. Join us to reflect on your values and ideas on how to apply those to the family business.
January: Transition When You Don't See it Coming (And When You Do)
Thursday, Jan. 19, 2023
The process of succession looks different for each family. Some transitions are well prepared while other times they may happen out of our control. Hear from local families on how they navigated their generational leadership and ownership succession plans. Learn tips and tools they used to choose who would manage the company and how they communicated this change with family, employees, vendors and customers. Also, learn how the senior generation might let go of control and methods the next generation can use to gain trust.
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March: Buying Out, Not Selling Out
Friday, March 31, 2023
Description TBA
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May: Balancing Legacy and Innovation in the Family Business
Friday, May 19, 2023
The balancing act between the legacy of the family business and the spirit of entrepreneurship can be a challenge. Staying relevant in the family business requires both innovation and entrepreneurship, but how can you achieve the balance? Multi-generational companies often look very different from the business that the founder established. This final session of the 2022-2023 Virtual Breakfast Series will center around how families can foster a spirit of entrepreneurship and not lose the legacy that their business was built on.
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