PRECONFERENCE WORKSHOP— THE TOP TEN MISTAKES THAT BREAK UP A FAMILY BUSINESS!
With Jolene Brown - Monday, February 5, 2024 - 3:30 pm - Ticket $125
We can prevent many daily aggravations and family business catastrophes if we learn from the mistakes of others. Tis eye-opening, fun-filled presentation will highlight the top ten things families do that
break up their business. We will discuss transition issues of fairness and equality, earned sweat equity, advisor necessity, productive communications, and important meetings. In this value-packed workshop, you’ll receive take-home tools to assist in the transition and succession of a family business. From conversations to contracts, from assumptions to clarification, from complaints to celebrations, we will open eyes and save fighting on the way to the funeral home.
OBJECTIVES: 1. Learn the top ten assumptions that create major problems for intergenerational and family businesses.
2. Explore questions that must be answered before someone is allowed to join or work for a business.
3. Identify the hidden areas of business agreements which often start as a conversation, but must end in written documentation.
4. Recognize the value and the impact of in-laws, off-site family, and employees.
5. Discuss the egos, emotions, and decisions involved in estate and management transfer planning.
6. Receive 8 take-home tools to increase productivity, profitability, and document the succession of a business.
7. Understand the need for courtesy and celebration.
THE PROBLEM: In this generational diversity of needs and dreams, we have forgotten that sound and profitable business and transitional management must be based on more than genetics, tradition, assumptions, and emotion. During my years of consulting with family businesses, I have learned the very sad lesson that most perpetuate ten disruptive behaviors. Terefore, they end up broken, in financial distress, and in emotional pain. Tere is a better
way.THE RESULT? Tis workshop will provide a time of laughter, appreciation, understanding, real-life stories…and most importantly, proven working “tools” to take home. We will build on the best of the past as we receive the “How- To’s” for the advancement and succession of a business.
CONTENT POINTS: 1. Assuming all genetic relationships equal good working relationships. 2. Believing the business can financially support all family members who want to work together. 3. Assuming others will / should / must change and not me. 4. Presuming a conversation is a contract. 5. Believing mind reading is an acceptable form of communication. 6. Failing to build communication skills and family meeting tools when the times are good, so they’ll be in place to use when the times get tough. 7. Ignoring the in-laws, off-site family, and employees. 8. Forgetting to use common courtesy. 9. Having no legal and discussed estate, management transfer plan, or buy/sell agreement. 10. Identifying roadblocks and failing to celebrate.
TPI Turf News November/December 2023
21
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148
