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.
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 â€“ see the calendar at a glance on the last page for more details. I applaud your dedication and commitment to preserving your familyâ€™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 email@example.com 608-441-7347
A Vibrant, Interactive Working Community 63 members 8 sponsors 4 affinity groups
Current Generation Leading the Business
Food & Beverage
Top Membership Industries
Annual Company Revenue
Less than $5 $5-9 $10-24
$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
Speaker series annual attendance
Food for thought annual attendance
Speaker series average rating
Food for thought average rating
Scale 1-5 (5 highest rating)
Scale 1-5 (5 highest rating)
Preparing Owners of a Family Business Leadership that Gets Results â€“ A Self- Assessment of Your Leadership Impact Manage Like You Mean It â€“ 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
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
Speaker Series: $200 pp x 4 pp x 6 programs
Food for Thought: $75 pp x 4 pp x 4 programs
Fall and Summer Social: $75 pp x 4 pp x 2 socials
Realizing you are not alone. The FBC provides a supportive community to share and learn from in a safe environment.
Peace of mind. Understanding the complexities of family ownership so your business functions profitably and your family lives harmoniously.
ADDITIONAL MEMBER DISCOUNTS AND SAVINGS VALUE
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
Fluno Center FBC Member Discount (on stays the night before a program): $169 (avg. rate) x 10% x 10
Affinity Group FBC Member Discount: $1,000 pp (additional discount for multiple participants)
Mark your calendars!
Advanced Learning and Networking Events
PROGRAMS AT A GLANCE
TUES., SEPT. 25, 2018 SPEAKER SERIES
THURS., OCT. 11, 2018 FOOD FOR THOUGHT
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 firstname.lastname@example.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.
The QTI Group
Wall Family Enterprise
Smith & Gesteland
Madison Investment Advisors
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
Senior Vice President â€“ Commercial Banking 608-259-3626 Chris.Doering@AssociatedBank.com
Corporate & Finance 608-234-6055 email@example.com
Vice President, Wealth Management 608-216-9117 firstname.lastname@example.org
Neil J. Fauerbach
MBA, Partner, Director of Business Development and Marketing 608-836-7500 email@example.com
Trust & Estates; Succession Planning 608-395-6782 firstname.lastname@example.org
Sr Commercial Banking Manager 608-240-1887 email@example.com
CPWAÂŽ, President/Financial Advisor, Certified Family Business Specialist 608-828-4338 firstname.lastname@example.org
Madison Geographic Market Leader 608-270-2949 email@example.com
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