- Wednesday, February 21, 2018
- Networking Happy Hour: 4:30 pm – 5:30 pm
- Workshop: 5:30 pm – 7:30 pm
- Dinner: 7:30 pm – 8:30 pm
- Miami Springs Country Club
- 650 Curtis Parkway, Miami Springs, FL 33166
ABOUT THE FAMILY BUSINESS INSTITUTE’S
Succession Planning for Contractors
For most family and closely held businesses, succession planning is the toughest and most critical challenge they face. Yet succession planning can also be a great opportunity to maximize opportunities and create a multi-generational institution that embodies the family’s values and mission for generations to come.
88% of current family business owners believe the same family or families will control their business in five years, but succession statistics undermine this belief. According to The Family Firm Institute, only about 30% of family and businesses survive into the second generation, 12% are still viable into the third generation, and only about 3% of all family businesses operate into the fourth generation or beyond. There is a disconnect between the optimistic belief of today’s family business owners and the reality of the massive failure of family companies to survive through the generations. Research indicates that failures can essentially be traced to one factor: an unfortunate lack of family business succession planning.
Join us for this special evening of blunt, straightforward, heartfelt advice that will get you pointed in the right direction.
About Our Speaker: Wayne Rivers
NHC is honored to bring Wayne Rivers, the Co-founder and President of The Family Business Institute to the CEO Performance Roundtable. He has authored four books on the subject of family business, the latest of which is “Our Family Business Crisis and How It Makes Us Stronger”. Wayne has appeared on the Today Show, CNN, MSNBC, CNBC, “BusinessWeek: WEEKEND” and on the Retirement Living Network.
Wayne is a Wall Street Journal Expert Panelist. He has also been quoted on the subject of family and closely held businesses by Forbes, Fortune, BusinessWeek, Entrepreneur, CFO, Family Business, The New York Times, Washington Post, and by many other trade, local, regional, and national publications. He has written hundreds of articles for various magazines and trade publications and has produced an acclaimed blog for over 15 years. He has lead workshops and lectures for Harley-Davidson, CCA Global, YPO, ACA International, Associated General Contractors of America, National Association of Plumbing, Heating & Cooling Contractors, American Council of Engineering Companies, Window and Door Manufacturers Association, Association of Equipment Manufacturers, University of Wisconsin, University of Pittsburgh, Wake Forest University, Virginia Tech, University of Hawaii, Babson College, UNC Asheville, and many others.
Wayne has also been honored as a Fellow of the Family Firm Institute.
Benefits of the Family Business Institute’s Workshops
- Strategic Planning
- Ownership Succession
- Management Succession
- Business Development
- Developing and Delivering Winning Presentations
- Employee Recruiting, Hiring, and Retention
- Leadership Development
- Pre-Construction and Estimating
- Culture Building
- Project Management and Execution
- Improved Operations and Organizational Performance
- Financial and KPI Benchmarking
- Time Management
- Improved “Business Family” Communication
- Mutual Support
- Improved Safety
- Tax Minimization
- Scheduling and On Time Performance
- Improved Profitability
- Experience from Peer’s Perspectives
- Peer Review of all Aspects of Company Operation