Family businesses are a diverse group that represent not only the entrepreneurial spirit of innovation and efficiency, but the deeply rooted traditions and personal connections to communities at large.
However, deciding to take on your family’s business or pass management down to the next generation can bring up issues that other types of businesses don’t encounter.
A group of business leaders who understand the dynamics of running and working in family business have created a series of boot camps to help companies in the midst of generational transitions.
“For future family business leaders, the Family Business Boot Camp will take the mystery out of working in a family-owned enterprise by providing a snapshot of all facets of running a business,” said Capri Frank, an executive of fourth-generation family business Miller Foods Inc. and board member of CBIA’s Small Business Advisory Council.
Each session has been designed and will be led by Connecticut business leaders who have worked in and run their own family businesses.
The boot camp features four half-day sessions, running from 8 am to noon, at MCC on Main, 903 Main Street in Manchester.
- Operations & Human Resources: Tuesday, Apr. 4
Learn what it takes to manage the operations of a family-business, including setting up and implementing an organizational structure and effective systems.
- Finance & Legal: Tuesday, Apr. 11
From taxes to investment accounts, from reading financial reports to reviewing contracts, you will find out what it takes to manage the family business money, investments and legal affairs.
- Sales & Marketing: Tuesday, Apr. 18
Growing and evolving a family business takes energy and dedication to sales and marketing. Discover key marketing strategies and tips to move your business forward.
- Leadership & Governance: Tuesday, Apr. 25
You will learn the vast differences between managing and leading. We will share the characteristics of a leader so you can determine if you are fit to lead your family business.