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2017-2018

ANNUAL REPORT uwfbc.org

Highlights of the Year Welcomed 11 new family business members New CEO Affinity Group Inaugural Family Business Retreat, co-hosted by the Milwaukee Family Business Legacy Institute


Dear Friends, Congratulations on a successful 2017-2018 program year. YOU did it! You listened, you learned, you connected, and you worked on your family and your business to make them healthier, stronger, and more successful.

Director

Sherry Herwig

Eleven new members joined our community, four of whom came through member referrals! Can you imagine the strength, vibrancy, and diversity we could have if every member referred one new member each year? Wow! Please share this inaugural annual report with other family businesess you know will benefit from membership in the Family Business Center and our wealth of education and networking resources. Educational programming covered a lot of ground this year and tackled some tough topics like exit planning and mental health and substance abuse. Looking ahead, we hope you will find the 2018-2019 program offerings unique, challenging, and valuable – see the calendar at a glance on the last page for more details. I applaud your dedication and commitment to preserving your family’s legacy and recognize the time and effort it takes to do it right. Thank you making the Family Business Center community part of your journey. I look forward to learning alongside you in the year ahead. Warm Regards,

Sherry Herwig sherry.herwig@uwfbc.org 608-441-7347

A Vibrant, Interactive Working Community 63 members 8 sponsors 4 affinity groups

Current Generation Leading the Business

5th Generation

5

5

Agriculture

4th Generation

7

Food & Beverage

3rd Generation

9

Financial

2nd Generation

Construction

1st Generation

Manufacturing

12

Business Services

Top Membership Industries

4


3 44

Annual Company Revenue

13 1

15

(in millions)

Less than $5 $5-9 $10-24

10

$25-49 $50-74

17

$75-99 More than $100

Professional Development for Family Businesses Nearly 800 members, guests, and sponsors attended our high-value learning sessions.

Speaker Series programs

Food for Thought programs

7 programs

7 programs

Speaker series annual attendance

Food for thought annual attendance

577

204

Speaker series average rating

Food for thought average rating

Scale 1-5 (5 highest rating)

Scale 1-5 (5 highest rating)

4.6

Preparing Owners of a Family Business Leadership that Gets Results – A Self- Assessment of Your Leadership Impact Manage Like You Mean It – Getting the Results You Need from Millennials The Five Stages of Value: How to Maximize Business Value & Unlock Trapped Wealth Hiding in Plain Sight: Managing Substance Abuse & Mental Illness in Family Businesses Leadership Storytelling for Family Business Family Business Retreat, in partnership with the Milwaukee Family Business Legacy Institute

4.5

The Art and Science of a Family Business Transition - Presented by Smith & Gesteland and Johnson Bank Tax Updates and Opportunities: A Review of New and Proposed Tax Law Changes - Presented by WIPFLi Employee Hiring and Retention: What Family Businesses Need to Know - Presented by DeWitt, Ross & Stevens

Proactive Strategies to Manage Health Care Costs Presented by Associated Bank

Modern Wealth & Asset Management Practices for Business-Owning Families - Presented by Madison Investment Advisors

Dr. StrangeDeal: How I Learned to Stop Worrying and Love Contracts - Presented by Husch Blackwell Communicating About Wealth: A Generational Discussion - Presented by Triumph Wealth Management


2018-2019 MEMBERSHIP FEES

Based on member organization’s annual revenue $3,000 < 10 million $3,400 10-24 million $4,700 25-75 million $6,000 > 75 million

VALUE OF MEMBERSHIP VALUE

BENEFIT NOW INCLUDES 4 COMPLIMENTARY EVENT REGISTRATIONS

$4,800

Speaker Series: $200 pp x 4 pp x 6 programs

$1,200

Food for Thought: $75 pp x 4 pp x 4 programs

$600

Fall and Summer Social: $75 pp x 4 pp x 2 socials

Priceless

Realizing you are not alone. The FBC provides a supportive community to share and learn from in a safe environment.

Priceless ________

Peace of mind. Understanding the complexities of family ownership so your business functions profitably and your family lives harmoniously.

$6,600

ADDITIONAL MEMBER DISCOUNTS AND SAVINGS VALUE

BENEFIT

$379

Professional Development FBC Member Discount: $1,895 per course x 20% discount – Unlimited savings - you can use this discount as many times as you like. Can be used for family or employees

$170

Fluno Center FBC Member Discount (on stays the night before a program): $169 (avg. rate) x 10% x 10

$1,000 ________

Affinity Group FBC Member Discount: $1,000 pp (additional discount for multiple participants)

$1,549


Mark your calendars!

2018-2019

Advanced Learning and Networking Events

PROGRAMS AT A GLANCE

TUES., SEPT. 25, 2018 SPEAKER SERIES

Learn More

THURS., OCT. 11, 2018 FOOD FOR THOUGHT

uwfbc.org

Innovate with Design Thinking for your Family Business Presented by Dr. Darin Eich

A recent PricewaterhouseCoopers Family Business Survey found that the need to continually innovate is the single biggest challenge over the next five years. Learn the most popular and simple innovation and design thinking processes you can use for getting and understanding insights from your customers, solving problems, and developing and communicating solutions they want.

Sponsored by Smith & Gesteland and DeWitt, Ross & Stevens

THURS., NOV. 1, 2018 FOOD FOR THOUGHT Sponsored by Triumph Wealth Management/Mass Mutual and Reinhart Boerner Van Deuren

WED., NOV. 14, 2018 SPEAKER SERIES & FALL SOCIAL

Contented Cows Give Better Milk: Your People … Your Profit Presented by Richard Hadden

Creating a focused, engaged, and capably led workforce is one of the best things any organization can do for its bottom line. Learn how to get your entire team to take your business as seriously as you and your family do; understand what employee engagement is, why you need it, and how to get it; learn how to attract and retain the best talent in the business , whether they’re family members or not.

THURS., DEC. 13, 2018 SPEAKER SERIES

The Power of Influence Through Non-Verbal Communication Presented by Michael Grinder

Highly functional family businesses have a blend of clear guidelines and openness, and studies show that 80 percent of communication is non-verbal. Learn how to effectively use eye contact, voice patterns, and body posture; how to separate the message from the messenger; how to increase your credibility and influence, and bring out the best in others. BONUS Afternoon Session: Healthy Leaders, Healthy Groups: Understanding and Managing Group Dynamics.

WED., JAN. 16, 2019 SPEAKER SERIES

Even you didn’t know this about your family or your business Presented by Amy Bruske

Join us for interactive discovery about how to build and sustain a family business without ruining your relationships. Participants will take the Kolbe A index assessment in advance of the presentation and Amy will help you understand your results and how you can play to those strengths for better results at work, home, and in life.

TUES., FEB. 5, 2019 FOOD FOR THOUGHT Sponsored by Johnson Bank

THURS., MARCH 14, 2019 SPEAKER SERIES

Secret Sauce for a Successful Family Business

Keynote by Tony Simmons, President and CEO of McIlhenny Company (TABASCO). Three breakout learning sessions follow keynote.

THURS., APRIL 11, 2019 FOOD FOR THOUGHT

Sponsored by Madison Investment Advisors and Associated Bank

THURS., MAY 9, 2019 SPEAKER SERIES

The 7 Choices to Ignite Your Radically Inspired Life Presented by John O’Leary

FOR MORE INFORMATION: Sherry Herwig, Director 608-441-7347 sherry.herwig@uwfbc.org

What would your day, impact, and output look like if you lived a radically inspired life, every, single day? Become inspired to take ownership of your personal and professional life; understand how your choices and reactions affect your daily living; realize how perspective colors each of your interactions; and learn how to strive for progress (not perfection) and learn from defeat.


Deep Appreciation to our Advisory Board Members Comprised of four members and three sponsors, the board provides valuable guidance to ensure the Family Business Center continues to be a progressive organization and valuable resource to all familyowned businesses in Wisconsin and the Midwest. The Advisory Board meets quarterly. If you are interested in joining, please contact Sherry Herwig.

Matt Shefchik

Scott Hausmann

LeAnna Wall

Mark Bergum

Neil Fauerbach

Ben Dickey

Chris Doering

The QTI Group

HausmannJohnson Insurance

Wall Family Enterprise

Perlick Corporation

Smith & Gesteland

Madison Investment Advisors

Associated Bank

Thank You 2017-2018 Sponsors! The professionals who represent these companies have taken the time to understand the unique challenges that family businesses face and be a trusted resource to our members. Chris Doering

Wrede (Bud) Smith

Paul Karch

Eric Johnson

Senior Vice President â&#x20AC;&#x201C; Commercial Banking 608-259-3626 Chris.Doering@AssociatedBank.com

Corporate & Finance 608-234-6055 paul.karch@huschblackwell.com

Ben Dickey

Vice President, Wealth Management 608-216-9117 bend@madisonadv.com

Neil J. Fauerbach

MBA, Partner, Director of Business Development and Marketing 608-836-7500 familybusiness@sgcpa.com

Trust & Estates; Succession Planning 608-395-6782 whs@dewittross.com

Sr Commercial Banking Manager 608-240-1887 ejohnson@johnsonbank.com

Nathan Brinkman

CPWAÂŽ, President/Financial Advisor, Certified Family Business Specialist 608-828-4338 nbrinkman@financialguide.com

Bob Cottingham

Madison Geographic Market Leader 608-270-2949 rcottingham@wipfli.com

Launched Facebook

Over 21,000 unique impressions

Over 350 Facebook post likes

Doubled the number of followers

Programs delivered by the Center for Advanced Studies in Business, Inc., an affiliate of the Wisconsin School of Business.

2017-2018 Family Business Center Annual Report  

2017-2018 Family Business Center Annual Report

2017-2018 Family Business Center Annual Report  

2017-2018 Family Business Center Annual Report

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