Friday, January 31, 2014

Successfully Transitioning Out of the Family Business

Have you gotten to the point in your life, where some, perhaps many, of the dreams you had 20 or 30 years ago have come true?  Or maybe you realize that winning a major award, or the next product launch, or the next promotion is not that important anymore?  Either way, do you find yourself asking, "what's next, now?"

We all do.  I would argue that for business owners, it can be doubly tricky.  I have owned a couple of businesses.  After I left each of them, I sat back and wondered, "what the heck am I gonna do now?".  In one business I lost money, in another I made out pretty well - not enough to "retire" (whatever that means), but enough to take some time off to think.
 “Did you know?
1.    Gray divorce (married couples age 50+ getting divorced) has risen 150% in the past 20 years
2.    Business owners report that leaving their business felt like falling into a black hole – this is called “Retirement Remorse”
3.    60% percent of business owners between the ages of 55-64 have not discussed their exit plans with their spouses or business partners

You will learn:
1.    Successful ways and Unsuccessful ways to leave your business
2.    How to avoid Retirement Remorse
3.    How to build a practical path to The Platinum Years, the best 10, 20 or 30 years of life

“Listen to one of the leading experts of helping owners, executives and others deal with the intellectual and emotional aspects of the business transition.”

Read the February White Paper and join The Network of Family Businesses for a virtual educational Webinar on Tuesday, February 25th, 2014 at 11:00 AM Eastern Time, with Paul Cronin

Paul Cronin, Partner, Successful Transition Planning Institute (STPI) in Cambridge, MA
Paul Cronin brings over 25 years of professional experience in sales, management, consulting and
entrepreneurship to STPI.  In 2009 he began working with STPI’s founder, Jack Beauregard, and has been an integral part of transforming the small consultancy company into a major force in Transition Planning for Baby Boomers. 
Paul’s background includes being part of the team that grew Eden Toys, a small NY-based toy manufacturer, into a $90 million company serving thousands of US retailers including TJX, Macy’s and Nordstrom. Paul was the owner of PFC Resources, a business acceleration consulting company focused on helping business owners expand new into new markets as well as a partner in two other consulting firms.  Paul has participated in growing established and start-up businesses, having sold his most recent company in 2008.

Paul Cronin has also presented at the MIT Enterprise Forum, Northeastern University and Salem State University (MA) on issues of entrepreneurship, personal and business transition, running a successful business and business networking.

For additional information email:

Wednesday, January 22, 2014

The Family Business Center at Alvernia University Joins The Network of Family Businesses


The Family Business Center at Alvernia University
Joins The Network of Family Businesses

The Family Business Center is designed to strengthen family firms and help them address their most critical problems. The goal of the Center is to provide family business owners and key personnel with timely and valuable information to strengthen their businesses. The activities of the Center include educational seminars featuring nationally recognized speakers and advisors and drawing on the professional expertise of our sponsors and partners. Family-owned businesses are fundamentally important to the U.S. and regional economy and comprise the backbone of our economy. Strengthening entrepreneurial families has a great impact on the community.

The Network of Family of Businesses is an exclusive online network that connects families who want to stay on top of trends while building their family legacies. The online organization,, was developed to meet the businesses owners’ limited time and schedule to get away from the office and attend seminars. An online meeting place also cuts down on the increasing cost of travel.
President of The Network of Family Businesses, Steven K. Moyer, stated this collaboration and partnership is an exciting step in continuing to provide a growing network of families in business access to educational resources as they strive to build their family legacy.

The Network of Family Businesses has over 400 Family Businesses including The Initiative for Family Business & Entrepreneurship of St. Joseph’s University, The High Center for Family Business Elizabethtown College, The New York Family Business Center at Lemoyne and The Wilkes Family Business Alliance.

For more information, or to discuss how The Network of Family Businesses may be able to serve your Family or organization.

The Network can be reached at or 215-256-5997.

Thursday, January 2, 2014

Join Us For A Human Resources Primer For Family Businesses

The old cliché is true: employees are an organization’s most valuable asset.  Cultivating an organization that effectively manages its people is important to any organization—including family businesses. The value of good human resources management is critical for organizational success. Understanding key employment law issues that all organizations need to be aware of, as well as some hot topics in employment law is a must for every family business.

Managing your human resources continues to be a daunting challenge as we continue to observe a transition from transactional to strategic.  However, depending on the industry, staffing size and budget, the degree of this transition greatly varies.  By and large, the days of “Personnel” are by-gone.  Pushing paper-work, payroll, recruitment, medical benefits, workers’ compensation and processing FMLA’s, are more and more being handed-off to 3rd party vendors to manage leaving companies to focus on employee relations and performance. 

This webinar will present:
A very practical and day-by-day approach to Human Resources in light of Human Capital – What’s the value of Human Capital in your organization?  How do you manage your Human Capital?  What human resource processes/systems do you have in place ensuring quality, compliance, enriching your Human Capital Investment, therefore the success of your organization? 

Read the JanuaryWhite Paper and join The Network of Family Businesses for a virtual educational Webinar on Tuesday, January 21st 2014 at 11:00 AM Eastern Time, with Terry Broach and Aaron Moyer

Terry Broach, Consultant with SKM Associates Family Business Advisors - Terry has over twenty years of a diversified and progressive human resources profession, which includes several years in a
family-owned and operated business as a generalist, manager, organizational development leader, sales & customer service administration, along with other operational roles. Terry also served as Director of HR & Safety in a Pennsylvania long-term health care facility with multiple campuses. Terry earned a B.A. in Theology from 
Cedarville University in Ohio, continuing onto Pennsylvania where he earned a Masters of Divinity from Biblical Theological Seminary. He immediately entered the full time ministry, which after three years he began to pursue his human resources career. Terry is currently completing his Masters of Science in Human Resources Development at Villanova University in Philadelphia.

Aaron Moyer, Consultant with SKM Associates Family Business Advisors - Prior to joining SKM
Associates, Aaron practiced employment law at Drinker Biddle & Reath LLP in Philadelphia, Pennsylvania.  In his practice, Aaron counseled employers on a variety of employment matters – such as issues with individual employees, policies and practices, in all areas of Human Resource management – Aaron defended employers in litigation brought by former and current employees under various federal, state, and local laws.  His work in these areas includes experience in federal court, state court, the EEOC, and other federal, state and local agencies, as well as the investigation of such claims.  Aaron has extensive experience enforcing and defending non-compete and restrictive covenant agreements and due diligence and labor and employment advice for mergers and acquisitions. Aaron earned his B.S. in Business Management from Grove City College and his J.D. from Vanderbilt University Law School. 

For additional information email: