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Re-Inventing Your Family Business

March 4th, 2012 | Posted by Ocean18 in Bikes - Transportation | Business

Do you own and operate a family business? Then come spend some time with Drs Paul and Pat Frishkoff, national leaders in family business issues at the Small Business Learning Network’s seminar on March 6th.

Drs. Pat and Paul Frishkoff are partners in the consulting practice Leadership In Family Enterprise (LIFE). They specialize in assisting family-owned businesses. Pat is a pioneer in developing learning opportunities for business owners, their families, and the professionals who serve family businesses. She founded the Austin Family Business Program at Oregon State University and was the Director of the program from 1985-2002. She has been frequently honored for her exemplary work with folks from family businesses, both senior and younger generations. Paul has taught classes on business, creativity and accounting as Professor in the Lundquist College of Business, University of Oregon.

The meeting will be this coming Tuesday, March 6 at OCCC Newport campus in the Community room. This will be our only SBM Event this month. The session will be from 6:30-9:00pm. I promise that this will be a fun and enlightening event. Every one will benefit from this class even if your family is not directly involved as an employee or partner at this time in the development of your business.

Family businesses are the bed rock of Lincoln County. Nationwide, more than 90% of all businesses are family businesses. Family businesses employ one in every two workers. More than three-fourths of all new jobs are created by family businesses. On a per-employee basis, small and family-owned businesses contribute more to their communities than their larger, public counterparts. Despite that success small business operation can be fragile. Fewer than half of family businesses have a written succession plan. Many owners don’t even have a recent, signed will. Family businesses face the same challenges as every other business, plus dealing with the unique issues created by the link between business and family. That link also provides magnificent opportunities.

This classs will also be sponsored SBM Alumni Club. It will be open to the public and is free of charge. You can invite a guest. I will be sending a follow-up email later this month where you will be able to register

Ronald Spisso, Oregon Coast Community College SBDC, rspisso@occc.cc.or.us, 541-994-4166

Lincoln County is honored by having at least three winners of the Austin Family Business Award from Oregon State University: Mo’s Restaurant, Thompson Sanitary and Bike Newport. These award winning businesses are a great local examples of the benefits and strengths of working together as a family. Each of these businesses has taken time to develop a successful and conscious business culture. Pat and Paul Frishkoff will show you how that can be done. Daniella and Elliot Crowder of Bike Newport, the 2011 winners of the Excellence in Family Business Award, will share their experiences at the seminar. Pat and Paul will engage the audience in asking participants to share the rewards, lessons and challenges of working in a family business.

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