Preparing for an Untimely Death
In the case study that we used to examine this issue, the family business had no succession or transition plan and the President had just been diagnosed with a terminal illness. The thing that stood out to me as I… Read more→
Crash Card Template: Planning for the Unknown
Provided by Chicago Family Business Council In the event of a health emergency or sudden death, family members often scramble to locate important information and documents. This process can be overwhelming, especially when emotions are running high. To prepare for… Read more→
Deepening Our Roots with Family Business Education
What is Roots? Last year, the CFBC proudly partnered with the Business Families Foundation (BFF); a non-profit organization that supports and helps empower business families to ensure their sustainability and harmony for generations to come. Through BFF we offer curriculum, known as Roots,… Read more→
A Note on Embezzlement & Theft
Last week at Community In Forum, a member shared a few of the things she remembers from attending an Embezzlement and Theft program that the CFBC hosted in 2011: Avoid using computerized signatures or stamps to sign checks. Always hand… Read more→
Welcome to CFBC’s Newest Members!
Welcome Margie Wienckowski of Marble Works! Margie wears many hats at the business including serving as the Controller and Office Manager. She has been with the company for more than 25 years. Marble Works is a family business and manufacturer and fabricator… Read more→
President’s Message – Achievements, Growth and Success
I am happy to report that the launch of Roots: Anchoring Your Business on February 23rd was a success. Thank you to Deanna Salo, Dr. Harold Welsch, Judy, Liz and Megan for being a huge part of getting this curriculum… Read more→
Perception Is Reality: How to Determine the Best Compensation Plan
CONSIDERATIONS – Food for thought. Before you even begin the process of hiring, make sure you know who you are as an employer. Brand yourself in the marketplace. Have a general understanding of what you want to offer your team… Read more→
SBA 504: Buy or Refinance Your Fixed Assets Effectively
by American Chartered Bank You have probably heard of the Small Business Administration (SBA) but do you know what the SBA 504 program is? The program assists small businesses with the financing of major fixed asset acquisition, such as real estate,… Read more→
Advisory Boards with an Impact: How to Create and Run an Advisory Board that Drives Company Growth
by Cray, Kaiser Ltd. Growing companies often choose to create a board of directors or an advisory board to bring in outside influence and perspective. While the two kinds of boards have similar responsibilities, differences in how the boards are… Read more→