Goering Center News April 2023

In This Issue

This month, our featured thought leadership topics include "Middle market business leaders brace for economic downturn in first half of 2023," "Hybrid work considerations: A cheat sheet for small business," and "The longevity question: Retirement’s most impactful unknown." Our multi-day program Scrappy Culture for Growing Businesses kicks off on 4/25 for those who want to intentionally and operationally create better understanding and collaboration among their multi-generational workforce. Finally, learn about upcoming events, and meet the new members joining our community.

Goering Center Announces Staff and Board Changes

The Goering Center recently hired Nancy Schreiner as its Membership Development Manager primarily responsible for new Member recruitment and member lifecycle management reporting to David Miller, Membership Director. Nancy’s start date was April 10, 2023. Read full announcement here.

Is your business looking for well-deserved recognition? How about recognizing the local businesses you value? Take this opportunity to nominate and apply.

From Our Thought Leaders

Middle market business leaders brace for economic downturn in first half of 2023

When KeyBank surveyed middle market business leaders in September 2022, they expressed optimism despite ongoing economic uncertainty: 78% reported that the outlook for their businesses was either very good or excellent. But by the end of the year, that optimism was waning. In KeyBank’s December survey of 400 owners and executives of businesses with $10 million to $2 billion in revenues, respondents revealed greater apprehension about the outlook for their companies over the next 12 months and expressed the lowest outlook for the broader U.S. economy since the first quarter of 2021. Read full article.

Hybrid work considerations: A cheat sheet for small business

Hybrid work, which blends remote and on-site work, is the way forward. Many companies are adopting a hybrid model that can fundamentally change and improve their business. But is this a good idea, or will it only make things more complicated? Let’s look at some of the pros of hybrid work, while also taking into consideration some of the hidden “gotchas.” Read full article.

The longevity question: Retirement’s most impactful unknown

In our wealth planning discussions with clients, there’s an old and somewhat morbid joke that comes up when helping them with the vexing question on when to claim their Social Security benefits: “If you tell me the exact date of your death, I’ll tell you exactly when to claim your Social Security!” Of course, the exact dates of death are unknowable, which is part of the not-so-funny joke. But the joke is intended to illustrate just how difficult it is to pinpoint an optimized strategy when one of the driving variables is unknowable. Read full article.

Nominate A Rising Leader

Join the ranks of Bartlett Wealth Management, Donnellon McCarthy Enterprises, Hilltop Basic Resources, Pension Corporation of America, USI Insurance Services, and more by submitting a nomination today!

Nominees must be employees of a Goering Center Member business (family or private), and will assume senior leadership positions within the next 5 – 15 years. An independent panel of judges will select one finalist each month, for a total of nine finalists. Finalists are chosen for their demonstrated success in advancing one of the 10 Best Practices of Successful Family and Private Businesses.

Scrappy Culture for Growing Businesses

In-person program running every 4 weeks starting April 25, 2023

Strong company cultures lead to better outcomes: performance, profitability, longevity. Gain key insights into and practical, customizable tools for the establishment of the principal elements of a strong company culture for smaller businesses. In this multi-day program, learn to prioritize your focus areas and operationalize your culture-building commitment with your management team through effective processes or procedures.

You can enroll in the full six-session series for the most favorable pricing, or bundle required Session 1 – Values & Purpose – with your choice of a second session to get you started on your journey. After that, add sessions as you have capacity to take on more. Interested in learning more about Scrappy Culture? Contact Jim Bax, Program Director, at 513-556-7817 or jim.bax@uc.edu.

Welcome To Our Community

Bright Line Counsel, Bob Roberts, President and COO – Core Member

Fixture Resource Group, Bill Birmingham, President – Core Member

Strategic Benefits of Cincinnati, Jennifer Homer, Strategic Consultant/Partner – Core Member

In Closing

We hope to connect with you at our next luncheon – Bouncing Back: Onwards and Upwards – where panelists will share the mindsets and tools that allowed them to overcome some of life's toughest challenges to thrive and build amazing workplaces, and where our members and supporters will have the opportunity to connect and share stories of their own.

Like our Facebook Page / Follow us on LinkedIn / Follow us on Twitter / Subscribe to our YouTube Channel