• FBA eNewsletter - February 2016

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    In addition to working in an ever changing business climate, family-owned companies face a host of unique challenges that often complicate the day to day running of the business. Berks Family Business Alliance (FBA) was created to address these pressing issues, helping businesses find solutions to the complex issues that families working together often struggle to overcome. The Chamber strives to provide programming that is beneficial to our members. We hope you will take advantage of all the opportunities FBA offers!


     
     IN THIS ISSUE
     • Berks FBA Spring Symposium - Save the Date!
     • EDUCATING THE FAMILY WORKSHOPS - Upcoming Opportunities for Family Owned Businesses
     • Page Through the 2015-2016 FBA Event Brochure
     • Join our Next All in the Family Gathering at Brentwood Industries!
     • Meet One of our Subject Matter Experts!
     • Member Spotlight
     • Additional Reading for Family Business Owners!
     
     

    Thank you to the sponsors of the
    Berks Family Business Alliance:

     

    PRIMARY SPONSOR:
      National Penn

    MAJOR SPONSORS:
      Kozloff Stoudt Attorneys
      RKL
      WFM

    PROGRAM SPONSOR:
      Mosteller & Associates

    FAMILY CHAMPION SPONSORS:
      Fraser Advanced
          Information Systems
      The Hitchcock Group
          Cleaning & Restoration
      RM Palmer Company
      The Standard Group
     
     
     REGISTER TODAY!
     click for details and to register

    Thursday, February 18
    Berks FBA Educating the Family Workshop: Developing Your Business Transition Game Plan
    Presenter: Paula Barrett, CPA/ABV, CVA, CGMA
    Center for Business Excellence
    49 Commerce Drive
    Wyomissing PA 19610
    8:00 a.m. to 10:00 a.m.
    $25 per person


    Friday, March 18
    Berks FBA Educating the Family Workshop: Creating Law and Order in a Family Business
    Center for Business Excellence
    49 Commerce Drive
    Wyomissing PA 19610
    8:00 a.m.-10:00 a.m.

    $25 per person


    Wednesday, March 30
    Berks FBA All in the Family Gathering
    Brentwood Industries
    Specialty Products Group Building
    621 Brentwood Drive
    Reading PA 19611

    11:30 a.m.-1:30 p.m.
    Free


     
     
    Berks FBA Spring Symposium - Save the Date!

    We are pleased to announce the date for our Berks FBA Spring Symposium with Adam Sheetz, Assistant Vice President of Operations of Sheetz, Inc.

    Adam Sheetz supervises five operating regions that oversee all the companies' stores. His previous positions at Sheetz included Regional Operations Director for North Carolina Stores; Director of Petroleum Supply; and District Manager. Prior to joining Sheetz, he worked for four years as an investment banker for Lehman Brothers, Inc. and Barclays Capital, Inc. in New York. He holds a B.S. from Penn State University and an M.B.A. from Emory University in Atlanta.
    Sheetz is a family-owned convenience store chain based in Altoona, Pa.

    For more than 60 years, the chain's mission has been to meet the needs of customers on the go. It's one of the fastest growing family-owned convenience stores in the world. The chain boasts more than $6.9 billion in revenue, with more than 500 store locations throughout Pennsylvania, West Virginia, Virginia, Maryland, Ohio and North Carolina. The convenience retailer also employs more than 17,000 people.

    Sheetz takes seriously its mission to provide fast, friendly service and quality products in clean and convenient locations. Sheetz' vision is to create the business that will put Sheetz-as it stands today-out of business.

    DATE: Thursday, April 28, 2016
    TIME: 5:00 p.m. - 8:00 p.m.
    LOCATION: The DoubleTree by Hilton, Reading, PA
    COST: $40 per person

    For additional information or to register, contact Kim Musko, 610.898.7778.

    EDUCATING THE FAMILY WORKSHOPS - Upcoming Opportunities for Family Owned Businesses

    Is Your Business Marketable?
    Developing Your Business Transition Game Plan
    Presented by: Paula Barrett, CPA/ABV, CVA, CGMA - RKL

    Is my business marketable? What are my transition options? What steps do I need to take now to meet my future ownership goals? These are all questions that many family business owners ponder on a daily basis. In a business environment where seven out of ten companies are expected to change hands in the next seven years, business owners need a proactive transition strategy. From understanding what drives your company's value to assessing the market's appetite for companies like yours, this session will provide the answers and insights into how to prepare as you approach the finish line.

    (Qualifies for 1 specialized knowledge CPE credit)

    DATE: Thursday, February 18, 2016
    TIME: 8:00 a.m. - 10:00 a.m.
    LOCATION: The Chamber's Center for Business Excellence, 49 Commerce Drive, Wyomissing PA 19610
    COST: $25 per person
    REGISTRATION: Click here to register, or contact Kim Musko, 610.898.7778.


    Creating Law & Order in a Family Business
    George Balchunas and David Wimer
    Presented by George Balchunas, Esq., Kozloff Stoudt, and moderated by David Wimer, David Wimer Advisors, LLC

    Having a climate of order in a Family Enterprise includes addressing matters BEFORE ISSUES OCCUR to prevent severe family member conflicts. This discussion will address topics that are generally best practices in a family enterprise such as documenting, organizing and understanding the details of various agreements. George Balchunas and David Wimer will provide live experiences from situations they have encountered to deliver an engaging and informative session An attorney with Kozloff Stoudt, George has significant business organization experience, having assisted clients in the creation, management, merger and acquisition of all forms of business entities. David is a Family Business Advisor and Principal of David Wimer Advisors, LLC.. David works with family enterprises to help navigate through change: succession, acquisition, sale or crisis.

    DATE: Friday, March 18, 2016
    TIME: 8:00 a.m. - 10:00 a.m.
    PLACE: The Chamber's Center for Business Excellence, 49 Commerce Drive, Wyomissing PA 19610
    COST: $25 per person
    REGISTRATION: Click here to register, or contact Kim Musko, 610.898.7778.

    PAGE THROUGH THE 2015-2016 FBA PROGRAM OF WORK BROCHURE




    Check out all the informative programs
    scheduled for the remainder of the year -
    click here!

    Join our Next All in the Family Gathering at Brentwood Industries!

    These 'gatherings' are hosted by a local family business at their location. This is connecting with a purpose! A great opportunity to meet other area family-owned businesses, cultivate resources you can use, and build relationships in the community. These events are exclusive to family business owners and their employees.





    This FREE event will be hosted by Brentwood Industries at their Specialty Products Group building. Brentwood is a leading provider of thermoformed plastic solutions to a wide variety of consumer, manufacturing, and environmental industries. With diverse production capabilities, engineering expertise, and a focus on innovation, Brentwood applies a team approach to solve the challenges facing customers.

    Established in 1965 as a small thermoforming facility, Brentwood has transformed into a vertically integrated corporation and experienced rapid growth both domestically and internationally. This continuous progress has allowed Brentwood to engage developing markets and further establish its global footprint. The company emphasizes customer service and works closely with clients throughout the design, engineering, and manufacturing phases of each project to create targeted, tailored solutions.

    Join us and see what Brentwood is all about - have a light lunch, tour their facility and connect with other local family businesses!

    DATE: Wednesday, March 30, 2016
    TIME: 11:30 a.m. - 1:30 p.m.
    LOCATION: 621 Brentwood Drive, Reading (Specialty Products Group Building)
    REGISTRATION: To sign-up for this event, contact Kim Musko, 610.898.7778.

    MEET ONE OF OUR SUBJECT MATTER EXPERTS!
    Meet one of our
    Subject Matter Experts!

    We have a full range of experts in all disciplines to assist you with those issues that are critical to your business' success. These professionals can offer up to two hours of one-on-one consultation at your office or their location.
    To get in touch with a SME, please contact
    Kim Musko, Program Coordinator at 610.898.7778.
     

    Lori A. Muhlenberg, CTFA
    Personal Wealth Services Manager
    National Penn Investors Trust Company

    A Certified Financial and Trust Advisor, Lori has been an investment and trust professional since 1981. With years of experience in key aspects of the trust and investment management services industry, from administration to operations and sales, she helps clients by identifying and creating solutions to their financial needs. Her experience with family-owned businesses stems from working with clients who are selling their business and are looking for realistic approaches to replace the income. She takes into consideration their risk tolerance, other assets and sources of income to develop a plan that can be easily implemented. Lori helps create a clear vision of what is most important- the clients' financial success.

    MEMBER SPOTLIGHT

    Meet father and son duo, Dave & Chris Roche, of Roche Electric - there is certainly a dynamic spark between them!

    ADDITIONAL READING FOR FAMILY BUSINESS OWNERS!

    After Vision, by David Wimer, Principal, David Wimer Advisors, LLC
    The 5 Keys to Execute Any Strategy.
    Click here to read the PDF.

    Greater Reading Chamber of Commerce & Industry
    Tel: 610.376.6766
    fba@GreaterReadingChamber.org
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    201 Penn Street, Suite 501, Reading, PA 19601
    Fax: 610.376.4135
    www.berksfba.com
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