COMMON ISSUES IN FAMILY BUSINESSES AND NAVIGATING COMPLEX FAMILY DYNAMICS
Excited to introduce Blaze Konkol, from Loyola's Family Business Center, and Bill Stranberg, from Stranberg Resource Group. They will be delving into the common issues they come across in family run businesses and best practices navigating complex family dynamics.
Learning Objectives:
- We will explore common issues encountered in family-run businesses, shedding light on prevalent challenges and potential solutions.
- The session will offer insights into navigating complex family dynamics within business contexts, providing best practices and actionable strategies for fostering harmony and success.
- Attendees can expect a deep dive into the intricacies of managing family dynamics in business settings, equipping them with valuable knowledge and tools to address similar issues within their own enterprises.
About the Presenters:
Hear from industry experts Blaze Konkol and Bill Stranberg.
Learning Objectives:
Event Location
Event Details
Who Should Attend?
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Business Owners & Their Trusted Advisors
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Business Owners
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Other Business Professionals
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Business Consultants
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Professional Advisors
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Members of Family Business Boards
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Private Business Owners
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Other Professional Advisors
Regardless of your unique specialty, there is seat at the exit planning table for you. Learn more at www.EarnCEPA.com.
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Family Business Advisors
More than 50% of lower middle market business owners would prefer to transition to the next generation. Help them succeed with exit planning strategies.
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Commercial Lenders
One of the best relationships a business owner makes is with their banker. How can you help your corporate clients think about the future and ensure financial continuity? Answer: exit planning.
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Mergers & Acquisition Advisors
Proper exit planning causes less deals to fall through at the last minute. Connect with CEPAs to build your healthy deal flow network.
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Insurance Professionals
Exit planning addresses the 5 D's. So do you. Approach the risk conversation differently with exit planning.
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Strategic Consultants
One of the most critical roles in exit planning is building transferable value. Strategic consultants have the ability to expand options and drive rapid business value that affect performance today.
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Estate Planners
Exit planning is a natural fit for estate planners who want to operate more holistically with their owner clients.
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Investment Bankers
Only 2 of every 10 businesses that come to market actually sell. Learn how exit planning can bring attractive AND ready business to your purview.
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Valuation Analysts
Valuation is both a billable engagement AND an opportunity to provide owners some perspective on how to accelerate value drivers (and deal with value killers). Use exit planning to make that valuation into a longer term value acceleration engagement.
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Financial Advisors
One of the critical ‘legs of the stool’ is personal financing planning. An owner must have a strong financial plan & contingency plan post-transition to enable them to thrive in the next act of the lives personally and financially. Exit planning brings this future mindset into the present. Exit is now.
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Wealth Managers
You’re a skilled relationship person. Being entangled into your clients’ professional lives matters as you build a strategy to manage their wealth upon them harvesting it from their business. Exit planning allows you to build a deeper relationship with your client, expands your COI network, while giving you an early seat at table well before the liquidity event.
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CPAs/Accountants
Owners participating in the State of Owner Readiness research continue to indicate that you are the No. 1 "Most Trusted Advisor." You are a natural fit to lead the exit planning team and deepen your relationship (and retention) of next generation owners.
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Attorneys
You have close relationships with clients, and can benefit from being the first advisor to introduce the idea of exit planning.
EXIT PLANNING IS GOOD BUSINESS STRATEGY
The Exit Planning Institute, provides Financial Advisors, Accountants, Consultants, and other advisors of business owners with the critical education to differentiate themselves and add value to their existing client relationships through a credential, conference, courses, and content. Download the CEPA brochure for more information.
ABOUT THE PRESENTER
Meet Bill Stranberg:
Bill is a 2nd Generation Leader and Partner at Stranberg, and is passionate about helping families in a wide range of industries to recruit great executives. He has successfully led search assignments with multigenerational and founder led businesses across the country, with a primary focus on helping families align on the needs in executive talent and establish a system to effective manage and enable newly hired executives.
Bill’s clients range from agriculture/ food production, to automotive, industrial manufacturing, commercial real estate, and media. Client revenues range from the low millions to over a billion. His functional focus has been in operations, general management, sales & marketing, operations, and finance & accounting. Bill has successfully led numerous multiple-hire engagements and is adept at leading large stakeholder teams through the successful recruitment of multiple mid/senior level functional hires.
The common denominator across all of Bill’s work is family ownership. In each project the vision and dynamics of the family set the foundation for an executive hiring strategy.
Bill also leads SRG’s Assessment process for clients and candidates. This includes recommending and conducting appropriate assessments and providing comprehensive reviews, comparisons, and analysis on the resulting reports. He is a certified administrator and interpreter for Hogan Assessment, which measures normal personality characteristics, career derailment risks, core value drivers, and cognitive style.
Prior to joining SRG, Bill spent six years as an entrepreneur building a sports, language education and tourism business in Chengdu, Sichuan, PRC. Bill’s years in China have given him invaluable insight into cross cultural exchange and international business operations, as well as written and spoken fluency in Mandarin. With his multi-cultural scope, Bill is skilled at recruiting across cultural, linguistic and national boundaries.
Bill is a graduate of the University of Wisconsin – Whitewater. He lives in the Chicago area with his wife Nicole and their dog Albert. Outside of work, Bill is an active tennis player, wood worker and an avid outdoorsman.
Meet Blaze Konkol:
Blaze guides professionals and family businesses to have the productive conversations that need to be had. These conversations often address underlying relationship dynamics, and development opportunities, which can obstruct or propel success. His approach enables clients to disentangle intent and impact in ways that validate and move forward.
With more than 20 years of experience leading teams in corporate and higher education organizations, Blaze has led global teams to develop and implement strategies critical to organizational success. Blaze has served as the Senior Director of Career Management at The University of Chicago Booth School of Business. In that role he led a global coaching team responsible for the development, design, and implementation of leadership and career development workshops and coaching for approximately 1,800 students in Chicago, London, and Hong Kong and alumni around the world. Prior to joining Booth Blaze worked at Deloitte in a variety of training facilitation, coaching, and talent development roles in the U.S. and Australia. In his last role as Senior Manager and Leader of the Leadership Coaching services area, he created an internal coaching practice that focuses on designing and delivering leadership development training supported by individual coaching with partners, directors, and senior managers.
Blaze has undergraduate degrees in English and History from the University of Wisconsin Madison and a Master of Arts in Counseling Psychology from Northwestern University. He is certified in Korn Ferry Leadership Architect and Korn Ferry 360. He is certified in Hogan Assessments, Leadership Versatility Index, and Myers-Briggs Type Indicator. Blaze is also a provisionally certified Crucial Conversations trainer. He serves as a coach in the Next Generation Leadership Institute at the Loyola Family Business Center and with the Hogan Assessment coach network.