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Welcome to the Goering Center eNewsletter Published February 15, 2019

Can you spot yourself in the crowd? The Goering Center's first luncheon of the year was a success, with more than 250 people in attendance and a topic relevant to every business - storytelling. National recognized story trainer and author, Shane Meeker, shared with business leaders about unlocking their inner storyteller. Thanks to the Radisson Hotel for hosting, and Joseph Fuqua II (UC) for snapping these images.

Top row: Shane Meeker; Dan & Brian Busken, brothers (Busken Bakery); KC Corey (The Motz Group); Bottom row: Bryan Holland, Dave Gooch (Park National Bank) & Jeff Baumgarth (The Myers Y. Cooper Company); Mike Hirschfeld (Graydon) & Molly Fender (Monti Incorporated)

Why do family and private businesses choose the Goering Center?

We are excited to share our latest video with you. Hear why business leaders like you choose the Goering Center.

Why do you choose the Goering Center? Share this video and tell other Greater Cincinnati business leaders what your membership means to you! Special thanks to the members who gave their time, and to SpotOn Productions.

Articles

Building on its 30 Year History, Goering Center Embraces an Innovative Future

Carol Butler, President, Goering Center

There is something about “30 years” that gives us pause. Maybe because it marks entry into that “30-somethings” phase where the direction of our lives starts to sharpen or bear down. Maybe it’s generational, often defined by a transition from child to parent or―in the case of family or private business―from one generation to the next. However, right now “30” is taking on some enormous dimensions for reasons that might sneak up on all of us―a shift that we cannot afford to miss.

The Family Business Keys to Success

Bryan Havighurst, Senior Vice President, Wealth and Asset Management, Fifth Third Bank

Family businesses serve as a true economic engine both domestically and on the global stage, accounting for one in five U.S. small businesses and representing roughly one third of companies in the Standard & Poor's 500. Naturally, such enterprises—generally defined as those run by two or more family members with the family having majority control or ownership—also face unique challenges.

Staffing Challenges? Stop Complaining and Act!

Rich Oakes, President, GigSmart

Within the last six months, I’ve attended a number of C-Level executive events where my team and I had the opportunity to discuss today’s labor market. At one of the meetings based in the Midwest, the room was full of Ohio-based presidents and CEOs with a lot of complaints about staffing challenges.

How to Prepare for a Sale of Your Business

David Jahnke, Corporate Attorney, Katz Teller

If you are in the beginning stages of selling your business, this article will help you prepare for what is to come. During any sale or merger of a company, the buyer—as a condition to close the deal—will typically require the seller to provide all of its records, contracts, and financials. The buyer, along with its counsel, will go through every document with a fine-tooth comb. This process is known as “due diligence,” and it is often the most strenuous and maddening part of any transaction.

Carol Butler, John Goering & Shane Meeker at Story Mythos Luncheon Jan. 24

Cybersecurity Isn’t Just for Large Companies: How to Take Action to Protect Your Business

Dann Glover, Cybersecurity Program Manager, TechSolve

Today’s technology empowers companies to expand productivity, increase safety and raise quality. However, alongside these benefits come increased vulnerabilities and risk for businesses of all sizes. While this risk may feel easy to ignore, the importance of protecting your business by establishing a cybersecurity program at your company cannot be emphasized enough.

Investing in Capital Expenditures: What to Discuss with Key Partners

Steve Mullinger, Senior Vice President of Commercial Banking Market Manager, US Bank

Over the past five years, business owners have become more optimistic about the economy. In 2018, only 11 percent of business owners said economic uncertainty was their top concern (down from 26 percent in 2014), according to the most recent U.S. Bank Small Business Survey. This owner optimism, plus high consumer confidence, could mean increased consumer purchases.

Risks to the Employer in Hiring Someone with a Non-competition Agreement

Jeffrey R. Teeters, Partner, Wood + Lamping LLP

The impact on a company hiring an employee often gets overlooked in articles written about employee non-competition agreements. The employee might lose a job opportunity, but the potential new employer must be aware of significant financial risks when hiring a person with a non-competition agreement.

Member Spotlight

Berns Garden Center & Landscaping is February's spotlight. The Berns family business was founded in 1956, and carries a huge selection of perennials, herbs and evergreens. Berns named violets their "house plant of the week," to celebrate the holiday.

Volunteer Spotlight

Jim Miller, JM3 Solutions LLC

Jim Miller has volunteered at the Goering Center since 2014, serving as a facilitator in the Next Generation Institute, and an advisor for the Business Boards Institute. Jim has extensive board experience, and has helped more than 50 companies launch their advisory boards. Learn more about volunteering with us by contacting goering@uc.edu

Rising Leader of January

Krista Mahon, Riverside Electric, was selected as semi-finalist for last month. Go, Krista! Read about Krista's recognition and nominate your Rising Leader, here.

March 13 - Leadership Development Institute: Kickoff Session

Leadership Development Institute GRADUATE | Aaron Hansen, Hansen Scaffolding (Photo: Jay Yocis)

March 26 - Core Member Breakfast: Women In Sales

Women In Sales: Your Secret Weapon | Professor Jane Sojka

Announcements

UC Media & Marketing Career Fair (Feb. 27)

Come visit Maddy (Marketing Co-op) & Jacob (Marketing Coordinator) at the career fair!

Seeking interns or entry-level employees? The University of Cincinnati is hosting a career fair, and is looking for business owners to participate. Recruit electronic media and marketing students for full time roles and internships/co-ops, and increase brand awareness for your company. For more info please visit this page or contact Carly Trimboli at carly.trimboli@uc.edu

Volunteer with Us!

GC team members Cathy, Patty, Lisa, David, Steve & Carol volunteering at Matthew 25 Ministries this year.

Has your company been brainstorming ways to volunteer? Save yourself the planning and join the Goering Center team for a half-day of volunteering! We can make more of an impact together, and you'll be practicing "Giving Back" - one of our ten best practices for family and private businesses. Please contact Cathy Decker at cathy.decker@uc.edu for more info.

Welcome, New Members

Upcoming Events

  • Feb. 26 Overview Breakfast - Business Boards Institute REGISTER
  • Mar. 3 Volunteer Appreciation Event at the Ensemble
  • Mar. 13 Leadership Development Institute - Kickoff Session REGISTER
  • Mar. 26 Core Member Breakfast - Women in Sales: Your Secret Weapon REGISTER
  • Mar. 27 Overview Breakfast - Strategic Planning Institute REGISTER
  • Apr. 25 Luncheon Series - Small Giants: Be Great, Not Big REGISTER

Credits:

Joseph Fuqua II and Jay Yocis for University of Cincinnati

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