• FBA eNewsletter - January 2015


  •  
    January 2015  


    Our Mission: Providing Resources and Support for Family Businesses
     IN THIS ISSUE
       • Be There for the Advisory Board Panel Discussion
       • All In The Family Gathering - World Electronics
       • Peer to Peer Discussion Groups are Going Strong!
       • Have You Visited the FBA Website Yet?
       • Meet One of our Subject Matter Experts!
       • Additional Reading
       
       
     REGISTER TODAY!
     click for details and to register
      Thursday, January 22
        Berks FBA Educating the Family Workshop: The Value of an Advisory Board for Your Business
     
       
     
     
     

    Thank you to our sponsors:


     PRIMARY SPONSOR:
       National Penn

     MAJOR SPONSORS:
       Kozloff Stoudt Attorneys
       Murray Securus
       RKL
       WFM

     PROGRAM SPONSOR:
       Mosteller & Associates
     
     
    SEATS ARE STILL AVAILABLE!


    Be There for the Advisory Board Panel Discussion: Session 1 of the Berks FBA 'Educating the Family' Workshop Series!

    We will offer three educational workshops focusing on issues that are important to your family business. This Workshop Series will be held at the Chamber's Center for Business Excellence, 49 Commerce Drive, Wyomissing. Participation in all three workshops is $50, or $20/each. Please contact Danielle Antos, Program Coordinator at 610.898.7780 to register or click here!

     
    Session 1: 'Advisory Board Panel Discussion' - Based on rave reviews from our Fall Forum, we will re-visit this crucial topic. Learn from the experts - company owners and advisory board members - if an Advisory Board is right for your organization.
    Thursday, January 22nd,
    8:00 a.m. – 10:00 a.m. at the Chamber's Center for Business Excellence,
    49 Commerce Drive,
    Wyomissing.

    Panelists include: Elaine McDevitt, CEO, The Rose Corporation; Jim Van Stone, President & CEO, ALL Holding Company (Alderfer & Leidy's); Tom Beaver, former Managing Partner, RKL & Chairman of the Board, National Penn; and Pat Langiotti, President, Creative Management Concepts.
    DATE: Thursday, January 22, 2015
    TIME: 8:00 a.m. - 10:00 a.m.

    EXTRA! Click here to read more about Family Business Advisory Boards in Commerce Quarterly's online edition!

    Session 2: 'The Importance of Clearly Defined Roles and Boundaries to Avoid Conflict' -
    In addition to the roles that you play in the family (parent, child, sibling), family members associated with a family business may play a variety of different roles in the business (employee, director, advisor). Each role is unique and has specific boundaries. How do you wade through the grey areas when there is conflict? Facilitated by David Wimer who has 35 years of experience as a business owner, key executive and professional advisor with a broad range of experience with family businesses.
    DATE: Wednesday, March 25, 2015
    TIME: 8:00 a.m. - 10:00 a.m.

    Session 3: 'The Undiscussables: Dealing with the Elephants in the Family Business' - 'Un-discussable' topics are the subjects that a family is unable or unwilling to talk about in an open, honest and candid manner. Topics that were once off limits can become the rally point for healthier relationships, leading to more success in the family enterprise. Also facilitated by David Wimer.
    DATE: Wednesday, June 10, 2015
    TIME: 8:00 a.m. - 10:00 a.m.
    ALL IN THE FAMILY GATHERING - WORLD ELECTRONICS

    DATE: February 18, 2015
    TIME: 11:00 a.m. - 1:00 p.m.

    FREE EVENT! Exclusive to Family Business Owners and their Employees!

     
    Join us at WORLD electronics, hosts of our next 'All in the Family Gathering.' This FREE event is a great opportunity to learn more about WORLD electronics, the Berks Family Business Alliance, and meet and network with other family business owners.

    WORLD electronics is a leading supplier of OEM replacement PCB's for the elevator industry. Their system simulation equipment reduces circuit board repair time, keeps costs in line and ensures that boards will work once repaired.Come and learn more about how their circuit boards are designed and built to be better than the original and take a tour of their facility!

    Exclusive to Family Business Owners and their Employees! To register, please contact Danielle Antos, Program Coordinator at 610.898.7780 or click here!

     

    PEER TO PEER DISCUSSION GROUPS ARE GOING STRONG!

     Are you looking for a forum to discuss issues you are facing in your family business? Are you looking for peer advice? What about knowing others who understand your unique situations? Family business owners face extraordinary challenges unique to running a family business. Our Peer to Peer Discussion Groups are a great way to gather with your peers, share common problems and experiences, and to learn how to deal with your unique situations. People are able to talk with other folks who are like themselves - people who truly understand what they're going through and can share the type of practical insights that can only come from firsthand experience.

     
    We allow only one participant per group from each industry segment in order to avoid competitive concerns. The groups are facilitated by Pat Langiotti, Owner of Creative Management Concepts and Chet Mosteller, President of Mosteller & Associates. Pat and Chet are industry experts with many years of experience assisting family-owned businesses.

    To promote camaraderie and trust, enrollment is for a designated individual (not meant for a company to send different people at different times). Enrollment in a Facilitated Peer Exchange Group is limited to Chamber members. Peer Groups are meeting a minimum of 8-10 times per year and the annual participation fee is $400.
     
    'I'm participating in a peer discussion group and after just one session, I knew I was going to personally and professionally grow from the experience.  I'm gaining a better understanding of the inherent challenges of family members working together and have already learned methods my husband and I can use to work to overcome these challenges.  Ultimately I know that our employees, surrounding family and friends, our personal life and our business are all going to positively benefit from what I take away from these peer discussion group sessions.'
    -- Virginia Dodge, VA Productions.
     

    To hear testimonials from Peer Group participants, please click here.

    Sign up by contacting Danielle Antos, Program Coordinator at 610.898.7780.
    HAVE YOU VISITED THE FBA WEBSITE YET?

    Check out www.berksfba.com for all things Family Business! This will be your one-stop-place for information about the Berks Family Business Alliance. From planned events and networking opportunities to Subject Matter Experts, use this as your resource for information and solutions to your every day challenges!

    Sections include:
    •  Peer Groups
    •  Annual Events
    •  All in the Family
    •  Subject Matter Experts
    •  In the News

    Click here to explore the site.

    MEET ONE OF OUR SUBJECT MATTER EXPERTS!

     


     Tom Newmaster
     Principle & Co-Owner
     of William Fox Munroe
    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
    Danielle Antos, Program Coordinator at 610.898.7780

    Over the past 25+ years, Tom has proven himself where it counts - in the trenches. Tom has managed multiple titles, including head of new business development, account service representative, chief operations officer, art director, and designer. After purchasing a family owned business in 1998, he's spent the last 15 years as a principal and co-owner of WFM. In recent years Tom has worked with numerous family owned businesses, helping them develop effective branding solutions. These companies include Adelphia Seafood, Choanie's Bakery, eatKeenwa, Julius Sturgis, Klamath Basin Fresh Organics, Koch's Turkey, Natural Fruit, Palace Foods, Stoner, Tom Sturgis, and Zippo. In addition, Tom's award-winning package/brand design firm serves national and international clients including The Hershey Company, Pfizer, Tyson, and W.L. Gore.

    Expertise:
    •  Logo/Brand design and development
    •  Logo/Brand implementation across both print and electronic media
    •  Packaging design and development
    •  Point-Of-Purchase design
    •  Creation of effective marketing and sales materials
    ADDITIONAL READING

    Many of you may have made a New Year's Resolution for yourself, but have you considered a Resolution for your family business? Check out the Resolution ideas Wendy Sage-Hayward presents in her article:
    Top 10 New Year's Resolutions for Family Businesses

    Without a formal buy-sell agreement, even the most accomplished business owners are vulnerable.
    Read more: Buy-Sell Agreements: Why Now is the Time to Plan for Life's Storms by Paula K. Barrett, CPA/ABV, CVA, partner and leader of RKL's Business Consulting Services Group.

    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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