Family Business Retreat

Tuesday, May 21, 2019

Oconomowoc Community Center
220 W. Wisconsin Avenue, Oconomowoc, WI 53066

Co-hosted with the Milwaukee Family Business Leadership Partners

Enjoy a day of learning and networking as we bring together family businesses from Madison and Milwaukee.


8:30 – 9 amRegistration, Continental breakfast
9 – 9:15 amWelcome
9:15 – 10:30 amSESSION A:The Story Behind the Numbers: Understanding Business Valuation, Cathy Durham, President, Capital Valuation Group
When a company is valued it involves far more than looking at a financial statement and applying a multiple to a particular number on the income statement to arrive at a meaningful conclusion of value. Financial statements reflect the company’s ability to utilize its assets historically, whereas value should reflect a company’s capacity to generate future economic returns. Income statements do not reflect the value of a trained workforce, a diverse customer list or the company’s brand, just to name a few, yet these factors certainly should be considered in determining value. This seminar includes information for the business owner to determine if their business is transferable, why every business has more than one value and what really matters when valuing a privately owned company. Business valuation approaches, methodologies and discount rates will be reviewed.

SESSION B: Holding Others Accountable, Presented by Dawn Adams, President, HR Results
If you do not hold yourself and others accountable to some measurable degree of success, your business will plateau and remain stagnant, or even worse--end. Gone are the days of being able to “hide out”. Only those who produce results deserve your time, attention, and employment.

Learn techniques to hold yourself and others accountable in a professional and appropriate manner. Build a culture of accountability so that you can stop spinning your wheels and start having some real impact. With courage and respect, create a high performing team of accountable individuals who deliver results.

In this session you will learn how to:
  • Ensure the right people are in the right jobs, doing the right things
  • Set clear expectations and hold others accountable; teach others to do the same
  • Invite others to hold you accountable
10:45 am – 12 pmSESSION C: Leadership Advantage: Proven Practices for Creating Next Gen Leaders through Coaching & Mentoring, Tracy Nelson, VP, Learning & Development/CLO Wisconsin School of Business Center for Professional and Executive Development and Jeff Van Straten, President (non-family), Payroll Data Services, Inc.
Preparing the next generation of leaders is of paramount importance in protecting the foundation of your family business and ensuring a successful future transition. With the many demands family businesses juggle, developing the next generation unfortunately often starts late, yet there is a pressing need to groom talent to be ready for the next chapter of your business. Successful succession planning starts with readying tomorrow’s leaders today! In this session, you will:
  • Identify critical competencies needed in future leaders to ready them for success
  • Understand the crucial differences between leading, managing, coaching, and mentoring
  • Recognize common mistakes and barriers to effective coaching and mentoring and how to avoid them
  • Learn top tips for engaging in an effective coaching or mentoring session
  • Create a leadership development roadmap and plan of action tailored to the specific development needs of your next gen leaders
  • Leave with “tools for your leadership toolbox” including a variety of templates and resources to accelerate the development of your leaders of the future!
SESSION D: Leaving Lasting Legacies, Dr. Eric Weiner, Founder, Family Legacy Advisors
A discussion on taking inheritance planning to the next level. Dr. Weiner will introduce the use of Ethical Wills as a way to define and add meaning to your legacy for subsequent generations.
12 – 12:45 pmNetworking Lunch – round table discussions with presenters
12:45 – 2:00 pmInterview/Panel discussion with the Shully family from Shully’s Cuisine and Events.
Several years ago, Beth and Scott decided to turn over the day to day decisions of the catering business to their children. The challenge is that none of the three were in the business. Nina was a grade school teacher and Jake was working for another company and Hadley, while a chef, left the family business to work in Chicago. They decided to make it work….hosting a family retreat, they realized some issues were tough topics….ownership, salaries, among others. Hear from the entire family on how they sorted it out and succeeded without skipping a beat.