FuseNews_August 2020_ FuseDSM Your Chamber of Commerce Online Publication

news FIND US ONLINE @ FUSEDSM.ORG/FUSENEWS

YOUR CHAMBER OF COMMERCE FUSING THE COMMUNITY TOGETHER 130 East 3rd Street, Suite 301 / Des Moines, IA 50309

SERVICE, AT YOUR FINGERTIPS: PRAIRIE MEADOWS PG 17

3 KEYS OF AN OPTIMIZED LIFE : ANCHOR FITNESS PG 12

A PLACE TO WORK REMOTELY: CURATED GROWTH PG 15

FUSENEWS MAY 2020

FUSING THE COMMUNIT Y TOGETHER FuseNews is an online publication delivered to our entire chamber membership every month, and consumed far beyond that reach. The publication contains timely & relevant information from local Des Moines voices that range from large to small businesses and entrepreneurs alike, addressing the issues specific to our community.

PART_01 / OUR MEMBERS

PART_02 / OUR COMMUNITY

PART_03 / OUR EXPERTS

FuseNewsis a collectionof updates and spotlightsfrom our FuseDSM, Your C hambero f Commerce, members. Join us as we highlight t he businesses within our Des Moines E ast, South and Northside, and connect a little along the way.

FuseDSM,Your Chamberof Commerce, containst he l argest footprint of businesses in D es Moines. E ncompassingt he E ast, South and Northside,follow along as w e connect our community with w ays t o give back, and f use people together .

FuseNews is a lwaysl ookingf or great expertarticlematerial.If you, or your businesshas helpfultips for our over 10k uniquev iewers,w e welcomeyou to share your story.

Visit fusedsm.org/fusenews or our socialm edia channels for more information.

Apply for a spotlight at fusedsm.org/fusenews, or contact us on any of our social channels for more information.

APPLY

INSIDE // AUG 2020 ON THE COVER //

ASK AN EXPERT //

SERVICE, AT YOUR FINGERTIPS: 17

GUIDE TO THE BEST TRAILS, Catch DSM 5

Prairie Meadows

WHY NATURAL HEALING?, Norwalk Chiropractic 7

A PLACE TO WORK REMOTELY: 15

MEET THE IISC, The Iowa-Illinois Safety Council 9

Curated Growth

THE BEST FOR YOUR FAMILY, New Horizon Academy 11

3 KEYS OF AN OPTIMIZED LIFE: 12

PUBLIC TRANSIT BENEFITS ALL, Dart 25

Anchor Fitness

SERVICE, AT YOUR FINGERTIPS, Prairie Meadows 17 SUCCESSION PLANNING, Rees Hinton, New York Life 27

IN THE COMMUNITY // COMMUNITY GIVING PAGE 10 DSM EATS & TREATS PAGE 18-19 ASK THE CHAMBER 22 CHAMBER GROUPS PAGE 24

IN THE CHAMBER // CHAMBER UPDATES PAGE 4 MONTHLY MEMBER SPOTLIGHT PAGE 9 VIRTUAL EVENTS PAGE 20-21 HOW CAN FUSEDSM HELP? PAGE 22 AFFILIATE BENEFITS PAGE 28 MEET THE BOARD PAGE 29

FUSEDSM // FROM THE CHAMBER Trish Flaherty-Barnes // CEO, FuseDSM, Your Chamber of Commerce In August, we are so excited to bring back our very first in-person event, our annual golf tournament, FORE! If you’ve never been a part of our annual event, FORE! offers a unique chance to network with local Des Moines business leaders, showcase your brand’s personality, and enjoy a day of golf.

This year, sponsors get a unique chance to interact with people who have taken a break from networking for a while and are eager to talk to others. In addition, our sponsorships are also given FuseNews marketing opportunities. If you’re interested in sponsorship benefits, reach out. There are limited spots still available, and going fast! Sponsorship starts at just $100, so let me know your budget!

Or, if you’re the golfer type, register for a 4-person team on our website. Either way, we can’t wait to see you at AH Blank Golf Course on 28 August!

Let’s keep #FusingTheCommunityTogether

Trish Flaherty-Barnes Trish Flaherty-Barnes - President/CEO - FuseDSM

HOW CAN FUSEDSM HELP

COMMUNITY // GUIDE TO THE BEST TRAILS Warm weather is here and that means it’s time to grab your skates for rollerblading, pump up your bike tires and lace up your sneakers for a day on one of Iowa’s sunny and scenic trails.

Explore the famous High Trestle Trail over the Des Moines River near Ankeny, or make a date of it and stop for a beer while walking or biking the Clive Greenbelt Trail.

Check out our guide to the best trails in Greater Des Moines!

Chichaqua Valley Trail | Clive Greenbelt Trail | High Trestle Trail | Meredith Trail | Neal Smith Trail | Oralabor Gateway Trail | Walnut Creek Trail | West Des Moines Historical Bike Tour

Guide Presented By:

HEALTH EXPERT // NORWALK CHIROPRACTIC WHY IS NATURAL HEALING THE BEST FORM OF HEALING? // Norwalk Chiropractic

How does Chiropractic Care help with my wellness, performance, and healing?

Our bodies are amazing healers- we really do not realize how amazing our body is at healing itself. It does so through the Central Nervous System. Our brain tells our body what to do and it does it- as long as there is no nerve interference. Health problems occur when there is a ‘pinch’ in the communication line- just like you would experience a dropped phone call when in a bad service area.

Norwalk Chiropractic has been impacting lives for 13 years! Our amazing doctors know that to reach peak performance, we must remove this nerve interference! The chiropractic adjustment corrects the misalignments in your spine, removing the nerve interference, and restoring the body’s own ability to heal itself! We serve not only Norwalk residents, but a lot of Des Moines and surrounding areas as well! FuseDSM has given us a platform and access to local businesses- allowing us to already improve the health of so many folks in our community...but our mission is far from over!

We at Norwalk Chiropractic are proud to be a part of a national chiropractic movement called The Give Back Movement- raising funds for our local and surrounding communities. In July alone, we are excited to say we have raised over $500 that will be going directly to teachers and students- we are calling it Cash 4 Class. These funds will be used to ensure that both teachers and students have access to resources that will be needed to create an optimal learning experience come fall 2020.

Improving the health of our community is our #1 goal. We actively go to local events to educate on the importance of spinal health. If interested in setting up a unique opportunity for your business- maybe some free lunch and spinal screenings- please get in touch with Practice Representative Matt Ebeling(practicerep@norwalk-chiropractic. com). He can help get the conversation started on you or your company’s road to recovery through chiropractic care!

- Norwalk Chiropractic www.Norwalk-Chiropractic.com www.facebook.com/norwalkchiropractic

Call us at 515-981-9208 Read More Online

WELCOME // NEW CHAMBER MEMBERS

MEMBER SPOTLIGHT // IISC MEET THE IISC // The Iowa-Illinois Safety Council The Iowa-Illinois Safety Council (IISC) is a 501(C)3 nonprofit organization and local chapter of the National Safety Council. We are here to help business and industry with their safety, health, and environmental programs; for both on and off the job. IISC is one of the few resource organizations that will help you comply with the law and guidelines and keep you up to speed on new and changing regulations.

The mission of the Iowa-Illinois Safety Council is to advocate and assist employers and communities with safe and healthy practices, and environmental stewardship. Our efforts to accomplish our mission include safety training ranging from basic compliance to advanced safety training and everything in between. We also provide training that people can use both on the job and off, such as First Aid, CPR, and AED training and Defensive Driving training.

Training events are held at our office in West Des Moines, Iowa, along with other areas of the state like Davenport and Sioux City, or we can come to you and provide on-site training using your equipment and in your facility. We also provide networking opportunities with like-minded individuals at our Lunch+Learn and Networking Breakfast events and at our Annual Professional Development Conference & Expo. We are also active with advocacy issues such as teen driving programs and helping employers and communities stay ahead of the prescription drug epidemic.

Our nonprofit organization is supported by approximately 1,000 members and locations throughout Iowa and Illinois. IISC is proud to provide a wide variety of safety information, seminars, and services to members in an effort to reduce accidents or injuries and the extraordinary costs associated with them.

For more information on services we provide or upcoming training events, visit www.iisc.org or email us at iiscadmin@iisc.org.

Read More Online

COMMUNITY CARING // GIVING BACK TO DSM

GOODWILL OF CENTRAL IOWA // What Can You Donate?

ORCHARD PLACE // Mental Illness Make It OK

Thank you to everyone who continues to fund our mission services by donating! With extra time spent at home, we’ve gotten an increase in questions about what donations we can and cannot accept.

Each year, one in five Americans experiences a mental illness.

Most will wait an average of ten years before seeking treatment, largely due to the stigma. With the COVID pandemic, mental health awareness and self-care has never been more important, which makes it the perfect time to start talking about mental illnesses and what we can do to Make it Ok. Register here:

LEARN MORE

. REGISTER

ST. VINCENT de PAUL & FOOD BANK OF IOWA // Hot Meal Program

CICIL // COVID-19 Resources

Food Bank of Iowa’s Hot Meal Program is a partnership between Food Bank of Iowa, Orchestrate Hospitality, Urban Dreams, New Life Center, St. Vincent de Paul, and Catholic Charities. Food Bank of Iowa provides food to Orchestrate Hospitality catering staff who is preparing free hot grab and go dinner meals for each location. Anyone in need of a meal is welcome.

Central Iowa Center for Independent Living (CICIL) is a community based, nonprofit organization whose mission is to empower people with disabilities to control their lives Visit cicil.org to view our list of COVID-19 resources including Food Assistance, Financial Information, and Mental Health/Wellness Resources.

LEARN MORE

LEARN MORE

CHILDCARE EXPERT // NEW HORIZON ACADEMY THE BEST DECISION YOU CAN MAKE FOR YOUR FAMILY // New Horizon Academy New Horizon Academy, a Minnesota family-owned and operated company, has been serving young children for over 45 years.

Because of our continuing love, belief, and dedication to children, we have flourished and become one of the nation’s most successful and respected providers of early care and education.

Childcare Academy with Roots in Early Education Our founder, Sue Dunkley, began her career as an elementary school teacher. Sue knew she needed to provide a nurturing place for children to go before they ventured out into the big world and entered school, a place that would help them believe in themselves.

That is why New Horizon was born.

Today, Chad Dunkley, Sue’s son and one of New Horizon Academy’s first students, is our Chief Executive Officer. Chad ensures that the commitment to excellence Sue strived for in New Horizon’s early years and the foundation that our company was built upon continue to be the cornerstone for each New Horizon Academy. Indeed, the entire mission, philosophy, and practices of New Horizon Academy are devoted to that commitment to excellence and the development of a healthy sense of self in every child enrolled in our programs.

Expanding New Horizon Academy As New Horizon Academy continues to grow and serve more families each year, we will always have family roots, a warm atmosphere, an open door, and a commitment to excellence. While focusing on developing a healthy sense of self in each child, New Horizon Academy also strives to provide your child with the necessary skills to succeed not only in school, but in life.

New Horizon Academy in Des Moines Visit our downtown Des Moines neighborhood location at 450 SW 9th St, Des Moines, IA 50309. If you’re looking for an educational and foundational childcare experience, schedule a tour! We are currently conducting virtual tours for your convenience, we also can schedule a tour of our school before or after business hours.

Read more on FuseDSM.org Reach Out to New Horizon Academy

HEALTH EXPERT // ANCHOR FITNESS & NUTRITION THE 3 MOST IMPORTANT COMPONENTS OF AN OPTIMIZED LIFE // Anchor Fitness & Nutrition Have you ever wondered what the most important things are when it comes to the life-long journey of self-optimization? We’ve done a lot of work on this topic and we’ve come up with this:

Fitness, Nutrition, and Mindset - The Keys to Life When you pair fitness and nutrition with a strong mindset and continual effort, this is when you begin to really see progress in your life mentally, physically, spiritually, and emotionally. Any one of these things along will elicit some results, even two of them paired together will do you some good. But when all three of these are working together, in unison, this is where true growth and progress happen in your life.

How to Achieve the 3 Keys Virtually Dillon Burns, Founder and president of Anchor Fitness and Nutrition, has developed a 9 week progressive fitness program available for download on his site. The book includes: Full 9 Week Fitness Program Nutrition & Supplementation Recommendations Mindset + Mental Health Daily Activities Resource Section with Links to Show Movement As bonuses, each purchase includes: Access to Private Facebook Group & YouTube Channel 1 hour Coaching Call + 1 hour Goal Setting Session

Anchor is Also Supporting Youth Fitness Anchor Kids Camp is a week long camp, Monday - Friday, from 8am to 2pm in Des Moines, Iowa, centered around the 5 Pillars of Health for Kids: Nutrition Fitness Food preparation Mindfulness Sport & Activity Due to school closures and health concerns in the state of Iowa, we have made the decision to shift from an in-person camp to an all online, virtual experience course.

The course will go live the third week of August, and is available for presale now!

After purchase, join the private Facebook group that will host live Q&A’s with all club superheros + many other perks, as well as the fully functional course for your use after the camp dates - forever.

Throughout August up until the 16th, you can purchase the course that will come along with access to the private Facebook group.

After August 16th when the course is available, the price will increase for the course and you’ll lose out on some of the awesome perks & bonuses of getting signed up now.

Read More Online

Visit priceelectric.us/services/solar/ to learn more!

DES MOINES COWORKING // CURATED GROWTH A PLACE TO WORK AND HOMESCHOOL ONLINE // Curated Growth

Did you know that half of Americans do not have Broadband Internet service?

In fact, much of what qualifies to the FCC as broadband is too slow. The CBS Sunday Morning show highlighted the issue with accessibility and affordability in the US this morning

Curated Growth Has a Solution for Des Moines Remote Workers Curated Growth will be bringing in Fiber to support Hi-Speed Broadband into our 31,000 sq ft Runway Innovation and Event Studio (located inside Southridge) to serve remote workers and parents with school children have a place to go to work safely.

Co-Working Space in South Des Moines With lots of room to spread out and stable and reliable Hi-speed internet access, The Runway Innovation and Event Studio is made for you. Sign up for the ability to get online for Zoom calls and general work right in Southridge Mall.

The space provides flexibility to set up your office as you see fit:

Visit facebook.com/runwaysouthridge to schedule an onsite visit and start to move your business, or online schooling, forward.

Read More on FuseDSM.org

ENTERTAINMENT // PRAIRIE MEADOWS SERVICE, AT YOUR FINGERTIPS // Prairie Meadows Prairie Meadows Implements New Technology, Improving Guest Experience Technology is all around us. From Siri to Alexa to app controlled thermostats, lights, and door locks, our lives depend on the ease and safety of these hi-tech devices. At Prairie Meadows, new technology has been introduced to make visitor’s experiences at the entertainment venue even more streamlined and enjoyable.

Prairie Meadows launched their first mobile app in June 2020. The app provides guests with quick access to info about promotions and events, as well as a speedy avenue to book a hotel stay. The app also enables Prairie Gold Rewards members to see their gaming offers, receive exclusive in-app offers, and know how many reward points they have to redeem on free play, dining, or retail purchases. Prairie Meadows app is available for download in both the App Store for iOS devices and Google Play for Android phones.

In August 2019, Prairie Meadows partnered with William Hill to bring the best in sports betting to the central Iowa community. William Hill brought their best-in-class app technology to Prairie Meadows patrons allowing guests to make wagers on all their favorite sporting events from anywhere in the state – even the comfort of their own home. For guests to begin wagering, they must download the William Hill Iowa app, then stop in to Prairie Meadows to register and fund their account. Once these steps are completed, patrons are ready to place bets from anywhere in the state of Iowa.

If you are a horse racing fan, Prairie Meadows has made the wagering experience easier. For live races, guests may register for a MyBetMobile account to place bets from their own smartphone while at Prairie Meadows. This technology makes it easier for race fans to wager with no waiting in mutuel window lines and gives them the peace of mind that they can have a great time at the races and maintain social distancing.

Prairie Meadows has also recently brought new technology to their hotel. Each hotel room is equipped with a touch-screen tablet that allows guests to have all of their amenities at their fingertips. The tablets are equipped with an instant messenger function that enables guests to communicate directly with staff for any needs they may have. Guests can also use the tablet as a remote control for the TV, to order carry-out meals from three Prairie Meadows dining establishments, request late checkout, book future stays, and much more. These tablets help guests enjoy their stay with all the amenities they enjoy, while minimizing their direct contact with others.

Technology continues to evolve nearly every day, and Prairie Meadows is staying on the forefront to bring their guests a fun, enjoyable, entertainment experience while keeping service and safety a priority.

Read More Online

EATS & TREATS // DES MOINES FOOD OPTIONS

McDONALDS J&D RESTAURANTS //

LATIN KING //

2 for $4 Mix & Match

OPEN FOR PICKUP & DINE IN

Did you know that McDonald’s locations are individually owned and operated? Visit Your favorite location in Des

Tursi’s Latin King will only be serving carry-out until further

Moines.

Website: tursislatinking.com

FuseDSM Website: fusedsm.org

Phone: 515-266-4466

Phone: 515-309-3539

Address: 2200 Hubbell Avenue

Address: 2901 SW 9th St

notice. Our hours will be 4-8 p.m. Tuesday-Saturday.

Des Moines, IA 50317

Des Moines, IA 50315

CAPTAIN ROY’S //

CHUCKS RESTAURANT //

AVAILABLE VIA UBER EATS

CURBSIDE AVAILABLE FRI-SAT 4-8PM

You can now order Captain Roy’s via UberEats delivery to

No longer serving carryout on Thursdays, instead, Chuck’s is partnering with Central Iowa Shelter and Services to provide free meals to our neighborhood! We feel our time is better

your door, or visit the patio.

UberEats: Captain Roy’s Phone: 515-631-2223 Address: 1900 Saylor Road Des Moines, Iowa 50313

spent this way then being open on Thursdays!

Website: chucksdsm.com Phone: 515-244-4104 Email: info@chucksdsm.com Facebook: facebook.com/chucksrestaurant

CHACHA’S CONFECTIONS //

BARRATTAS //

TREATS FOR ANY OCCASSION

PICKUP & DINE IN

ChaCha’s Confections is a home bakery focusing on desserts

Monday-Friday 11am-2pm curbside pick up & Southside delivery. To order, call in and use our online menu. Pick

made from scratch. A weeks notice is much appreciated.

Website: chachasconfections.net

restaurant menu and scroll down to lunch menu

Phone: 515-689-1486

Website: barattas.com

Facebook: ChaCha’s Confections

Phone: 515-243-1801 Facebook: Barratta’s Address: 600 E. Locust St. Des Moines, IA 50319

THE PURVEYOR DES MOINES //

LOS CHARROS //

SAVORY SNACKS ONLINE OR IN PERSON

DINE IN OR CARRYOUT OPTIONS

Check out the full menu online at purveyordsm.com to grab a savory snack, delicious sandwich, a gourmet charcuterie board or a sweet treat! You can visit in person until 7pm, or order online through the website.

Check the daily Lunch and Dinner Specials, with a menu created with dishes from diferent zones of Mexico and TexMex Style. Try the Traditional Mexican Sopes, Molcajetes, Pollo a la Piña, Fish Tacos, Arrachera Tacos, Tacos Hawaianos,

Website: purveyordsm.com

and lots more!

Phone: 515-280-1130 Email: info@purveyordsm.com Address: 505 E Grand Ave Ste. 105

Website: loscharrosankeny.com Phone: 515-964-4264 Address: 2010 SE Delaware Ave Suite 230 Ankeny, Iowa 50021

MEMBERS // CHAMBER VIRTUAL HIGHLIGHTS

CAFFEINATE AND CONVERSATE // Presented by HeyGiud Communications Join Fuse DSM, Your Chamber of Commerce and HeyGiud Communications for Caffeinate and Conversate! This weekly, virtual event is a chance to get to know other members of our community. Meet new people, catch up with old friends, and share your experiences with people in our community

Date: Tuesdays @ 9AM Sign Up: fusedsm.org Facebook Event: Caffeinate and Conversate

FEED YOUR MIND // Make $30,000-

$50,000 or More in One Day! Join FuseDSM as we feed your mind over a virtual webinar on a various amount of subjects with spotlights from our expert members.

Presenting Sponsor: Mediacom Business Supporting Sponsor: McCraine Associates

Dates: Aug 6, 2020 @11AM Sign Up: fusedsm.org

FEED YOUR MIND // Building Trust in a

Virtual World Join FuseDSM as we feed your mind over a virtual webinar on a various amount of subjects with spotlights from our expert members.

Presented By: ATW Training Solutions Presenting Sponsor: Mediacom Business Supporting Sponsor: McCraine Associates

Dates: Aug 11, 2020 @11AM Sign Up: fusedsm.org

NON PROFIT FORUM // Mental Illness - Make it OK Each year, one in five Americans experiences a mental illness. Most will wait an average of ten years before seeking treatment, largely due to the stigma. With the COVID pandemic, mental health awareness and self-care has never been more important, which makes it the perfect time to start talking about mental illnesses and what we can do to Make it Ok. Presented By: Orchard Place Presenting Sponsor: CICIL

Date: Aug 12, 2020 @ 8:30AM Sign Up: fusedsm.org

FILL OUT A FORM & GET CONNECTED // FuseDSM

As your chamber of commerce, the goal of FuseDSM is to support your local business in Des Moines and beyond. Is there a message you are looking to communicate? Do you want us to help spread the word on social media? Are you looking for a chance to produce an expert article?

With Des Moines’ largest footprint of businesses, FuseDSM is committed to connecting our fellow members and fostering business relationships in Des Moines.

We’re #FUSING THECOMMUNITYTOGETHER. Tell Us How We Can Help

GROUPS // GET INVOLVED IN FUSEDSM

MOXIE // Business Owners & Presidents Networking A group of member business owners/presidents that meet monthly to discuss issues impacting their business. This is exclusive to business owners/presidents and limited by category.

Contact Person:Cassie Sampson

NON-POFIT FORUM // 501(C) Group This program is tailored for members that represent or work closely with non-profits and meet monthly to discuss issues impacting their organizations.

Contact Person: Laura Gibson

DES MOINES JAYCEES // Young Professionals Group Connects emerging leaders, 20-40 years old, from the Chamber and the Des Moines Jaycees to enhance opportunities in leadership, volunteering, development and networking.

Contact Person: MaeLee Rahm

EMPRESARIOS // Latino Business Group The main effort of the Empresari@s is to increase diversity and better serve our members, we are proud to partner with local Latino community leaders to create a Latino membership arm of the chamber called Empresari@s, meaning “entrepreneur� in Spanish.

Contact Person: Darwin Sales or Fernando Aveiga

FIRESTARTERS // Chamber Ambassador Program Our ambassador program that helps welcome and encourage involvement from new and current members. They also attend events and assist with registration and greeting of guests.

Co-Chairs: Emily Cory & Andi Fagen

DES MOINES TRANSPORTATION EXPERT // DART ACCESS TO PUBLIC TRANSPORTATION BENEFITS EVERYONE // DART Des Moines Area Regional Transit Authority (DART) is proud to work with businesses and organizations around Greater Des Moines to ensure that their employees have transportation opportunities.

DART has several options that allow employers to provide their employees with access to public transportation. This includes the Employer Support Program, RideShare vanpooling and Unlimited Access Partnerships. DART collaborates with each business to ensure their employees have expanded opportunities for work, education and leisure. One recent Unlimited Access partner is Des Moines Area Community College (DMACC). Beginning in 2019, all DMACC students, faculty and staff gained unlimited access to DART fixed route services. Last year, over 800 students, faculty and staff took more than 25,000 rides on DART. “By providing access to reliable transportation, we are setting a great foundation for serving our community. Students ride the bus to class and are also able to get to work afterwards,” says Melinda J Williams, Site Director and Career Advantage Coordinator at DMACC-Southridge Center. “A student shared with me that riding DART ‘takes the load off.’ They don’t have to worry about finding or paying for a car, insurance or gas. That’s money that can go to paying for groceries or daycare for their children. This is just one way we are able to remove one barrier for them.”

DART is committed to providing safe, reliable transportation for the communities that we serve.

To learn more about DART’s transportation resources for employers, please visit ridedart.com/ esp or contact Matt Harris, Business & Community Partnerships Manager at MHarris@ridedart. com or 515-246-2522.

Read More on FuseDSM.org

BUSINESS EXPERT // REES HINTON, NEW YORK LIFE SUCCESSION PLANNING // Rees Hinton, Agent, New York Life Most business owners want to grow their businesses and maybe even pass them on to the next generation. But how many owners actually succeed? Relatively few, as it turns out. Studies show that only a third of family firms make it to the second generation, and just a sliver get passed on to the third generation.1 A key reason for this is that many companies lack proper succession plans.

Consider the situation your family, employees, and company would be in if something unexpected were to happen to you. What would happen to your business? Would it stay in the family? Could it realistically stay solvent without you at the helm? Or would it be sold? And then there’s the million-dollar question: Do you even know what your business is worth? The answers to these questions may not be as straightforward as you imagined.

That’s why you should start planning now even if you plan to stay with the business for years to come. So, what options are available? If and when you exit your business, there are four possible successors: family members, co-owners, key employees, or an outside third party.

That brings us to a succession action plan and exactly what that entails. First, select your successor(s); this may require careful analysis. Next, determine your business valuation. Bear in mind that when a business is sold to family members the transaction draws extra scrutiny from the IRS. Finally, develop a plan to transfer your business interest quickly to minimize operational disruptions.

Once you identify your successor(s), you must make sure that the individual(s) is in a position to take over the company— and you must ensure a smooth transition by outlining the terms of succession in advance. A buy-sell agreement will work differently, depending on the type of business entity and the number of owners. Each type of agreement helps create a smooth process for transferring ownership of the business. The buyer can purchase a life insurance policy to help make sure there are available funds to purchase the business when the time comes. Additionally, a buy-sell agreement helps show creditors and customers that your business is sustainable because you are taking action to mitigate risk.

Each business is unique, of course, but succession planning is something that all businesses should consider.

This educational third-party article is provided as a courtesy by Rees Hinton, Agent, New York Life Insurance Company. To learn more about the information or topics discussed, please contact Rees Hinton at https://www.newyorklife.com/agent/rjhinton.

Neither New York Life nor its Agents offers personal tax or legal advice. Please refer to your legal or tax advisor to find out if the general ideas in this material apply to your personal circumstances. _______________________________________________________ 1 Vincent Molly, Eddy Laveren, and Marc Deloof, “Family Business Succession and Its Impact on Financial Structure and Performance,” Family Business Review, September 29, 2017. https:// journals.sagepub.com/doi/10.1177/089448651002300203

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AFFILIATE MEMBERSHIP // DSM PARTNERSHIP

#MaskUpDSM // DSM Partnership The Greater Des Moines Partnership has partnered with the Polk County Board of Supervisors, Polk County Health Department, Polk County Medical Society and hospital networks across Greater Des Moines (DSM) to encourage businesses and community members to Mask Up DSM. By wearing a mask, you are protecting yourself and the health of others while helping with economic recovery during the COVID-19 pandemic.

Please feel free to download, use and share Mask Up DSM images on your social media channels, newsletters, email and other communication channels while using #MaskUpDSM. Find mask resources, videos, tools and more from DSM

hospitals on the

Mask Up DSM webpage.

#DSMstrong Read More

BOARD OF DIRECTORS // 2020 FuseDSM’s Board of Directors serve a three-year term with a maximum of two terms. Members of the Board focus on the development of Board policies that govern the implementation of institutional plans and purposes. The role is separate and distinct from the role of the staff, to whom are delegated the implementation of these policies.

RANDY SACKETT //

RYAN ANDERSON //

CAROLYN JENISON //

LAURA GIBSON //

TOM WELCHANS //

MICHAEL BIRD //

JEREMY MERRILL //

FERNANDO AVEIGA //

BILL RAINE //

DANIEL WILLRICH //

MEGAN FLETCHER //

PAM THOMPSON //

DANNY BEYER //

PATRICK RUPE //

Yellow & Capital Cab Co, Chair

Central Iowa Center for Independent Living Secretary

Lubinus Law Firm Board Member

Pelds Design Services Board Member

Iron Horse Wealth Management, LLC Board Member

No Coast Consulting Immediate Past

Denman & Company, CPA Treasurer

Hacha & Machete, Inc. Board Member

Siegwerk Board Member

Atlantic Coca-Cola Bottling Company Board Member

SpeakPR Vice Chair

Spindustry Board Member

Raine Recruiting, LLC Board Member

Parks Area Foundation Board Member

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