2011 September Newsletter

Transition Consulting Group
SEPTEMBER 2011
"So You're in the Family Business..."
 
In This Issue:

Introducing the "So You're In The Family Business" Webcast Series

September 21, 2011:
"So You're In The Family Business": Surviving and Thriving Through Generations
Featuring Zildjian, Normandy Farms and Salmon Health & Retirement
Live webcast

October 6, 2011:
Tradition vs. Transition: A Family Business Legacy Seminar
7:30 a.m. - 9:30 a.m.
Framingham, MA
 
Catch Up On Your Summer Reading!
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New Webcast Series: "So You're In the Family Business"

Paul and David Karofsky

To support our mission of helping family businesses grow and thrive, we are happy to announce our new "So You're In The Family Business" Webcast Series, a bi-monthly online event which will feature interviews and live discussions with prominent family business members. 
 
Free to family business owners and other members of the family, this webcast series will discuss the challenges and accomplishments seen when navigating the world of family enterprise.
 
Please look for invitations to these webcasts throughout the year, including: 
  • September 21, 2011 @ 1:00 p.m. ET - "Surviving and Thriving Through Generations," featuring members of 15th, 9th, and 3rd generation family-owned businesses, who will discuss how they have successfully passed on the family legacy. More information about this event appears below.
  • November 21, 2011 @ 1:00 p.m. ET - "How Public Service can Support Private Enterprise," featuring Steve Grossman, Massachusetts State Treasurer. A formal invitation and registration link will follow shortly.
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 "So You're In the Family Business Webcast Series": Surviving and Thriving Through Generations

Wednesday, September 21st, 2011 @ 1:00 p.m. ET
 
Statistics suggest that only 1/3 of family businesses survive through the second generation, and even less than that make it on to the third.

It’s no secret that the dynamics of family enterprise include some of the most varied and complex relationships. So how can a family business create a legacy and successfully transition from generation to generation?

Join us on Wednesday, September 21st, as we welcome the 15th, 9th, and 3rd generations of three of the most successful and storied family businesses in the nation, when they will share their secrets to successfully passing on their family legacies through multiple generations.

Our speakers include:
  • Cady Zildjian, 15th Generation of the Avedis Zildjian Company, Norwell, Massachusetts
  • Marcia Galvin, 9th Generation of Normandy Farms Campground, Foxboro, Massachusetts
  • Matt Salmon, 3rd Generation of Salmon Health & Retirement, headquartered in Westborough, Massachusetts
Moderated by Paul and David Karofsky of Transition Consulting Group, “Surviving and Thriving Through Generations” will explore the successful methods and best practices that each family business undertook to ensure that its legacy survived and thrived with each passing generation.
 
To learn more, or to register, please visit our site here
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 Traditions vs. Transitions: A Family Business Legacy Seminar

Thursday, October 6th, 2011, 7:30 - 9:30 a.m.
Framingham Country Club, 16 Gates Road, Framingham, MA
 
Are you considering an exit from your family business? Are you wondering whether to sell it to a family member or outside buyer?Join Transition Consulting Group and Beacon Equity Advisors on Thursday, October 6th, as we tackle this age-old question – to keep in the family, or exit completely?

Our free breakfast session will explore how to:

  • Evaluate whether your business will benefit from a transition to family members or outside buyers
  • Gauge your leadership team’s readiness and willingness for an internal or external sale
  • Understand the importance of legacy planning and its effects on family members, both inside and outside of your business
  • Identify the best options for your personal exit, whether it be through board involvement, mentorship, complete exit, and more
This session will prepare you with the tools needed to evaluate your readiness for a sale, the type of sale of you’d like to conduct and your exit path following the sale.To learn more, or to register for this free breakfast seminar, please visit our site here.
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 Catch up on Summer Reading!!

If you chose a mystery paperback over family business articles this summer, we don't blame you. Everyone needs an escape!
 
Now that you're back in action, here is a collection of our latest family business articles and videos through the summer:
For the latest in family business articles and videos, visit our blog today
Copyright © 2011 Transition Consulting Group, Ltd | Massachusetts: 508.875.7751 | Florida: 561.626.1110 | www.ForTCG.com
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