The Rothman Institute Family Business Forum was established by the Rothman Institute of Entrepreneurial Studies in 1992 to support family businesses.The Forum is designed to provide family businesses in the metropolitan area with a unique opportunity to learn from leading experts about proven strategies for successfully owning and operating a family business through outcome oriented educational programs and seminars.
The Forum also provides members with the opportunity to exchange ideas and share experiences.Programs are designed to foster interaction and participation by addressing issues of specific concern. The members-only environment fosters long-term relationships based on mutual trust and understanding and an ongoing dialogue about family and business issues.
Why a Forum only for family firms?
Family businesses face unique challenges. In addition to all of the fundamental issues involved in operating a business, families in business must address a number of other important concerns, including:
- Developing visions for the family and business that are mutually compatible
- Selecting and preparing successors
- Planning for estate taxes and ownership transfer
- Developing fair and effective compensation strategies for family members as well as non-family employees
- Developing and implementing governance structures
- Fostering open and productive communication
- Creating productive roles for family members who are not active in the business
- Managing conflict within the family and business
- Attracting and retaining non-family managers and employees
What to Expect from a Forum Seminar
A typical Family Business Forum seminar consists of from 40 to 60 members – representing two or three generations - with family and non-family members - from various types and sizes of businesses. Representatives from sponsoring organizations are also present at seminars to offer their expertise when appropriate. Seminars vary in content and format. Some feature family business experts while others include panels of members and sponsors.
Member family-owned businesses range from insurance providers, manufactureres, commercial real estate and security firms with annual revenues from $1.5 million to $40 million
Four Half-day Programs
These sessions are designed to provide members with ample time to fully explore issues with the aid of national experts, while offering enough time to return to the office for the better part of the afternoon. The day begins with continental breakfast at 8:00 a.m., followed by a formal program from 8:30 a.m. until Noon. Participants then meet for lunch.
Two Breakfast Programs
These two-hour sessions focus on subjects of timely interest to members, and often feature regional experts or panels of Forum sponsors and members. The seminars begin at 8:30 a.m. and finish by 10:30 a.m. Full breakfast is included.
Updates on Legal, Financial and Other Important Issues
Each Forum seminar features brief updates by one or more professionals on current or developing business issues relevant to family businesses.
Peer Group Meetings
These meetings allow members to join together in small groups to meet with each other and a facilitator to discuss issues which they identify as important to them. Participation in a Peer Group complements the Forum sessions by allowing members to further explore issues, many of which are generation-specific, in a smaller, more intimate setting. For example, there are groups for the Successor Generation and for Owners and Founders.
Free Consultation with Forum Sponsors
Each member family is offered a complimentary consultation with each of the Forum sponsors. An Annual Social Gathering The relationships that develop among member are one of the greatest benefits of membership. The December holiday gathering is an opportunity for members, sponsors and University representatives to relax and get to know one another better in a purely social setting.
Monthly Subscription to The Family Business Advisor
Each member family receives an annual subscription to The Family Business Advisor, a monthly newsletter devoted to successful business management, family relations and asset protection. This newsletter has a vast readership and strong reputation within the family business community, and features interesting and substantive articles.
Quarterly Subscription to Rothman Ink
Rothman Ink, the Institute’s newsletter, keeps Forum members apprised of issues related to entrepreneurship as well as the various programs which fall under the auspices of the Rothman Institute. Included in each newsletter is Family Ink, a special insert that focuses on the Forum and family business related issues. Previous Family Ink Articles Reduced Fees for Business Enterprise Forum Programs
Forum members receive a 50 percent reduction on all seminars offered through the Institute’s Business Enterprise Forum or Female Entrepreneurs' Alliance, which present programs for the business community.
Feedback from Member Businesses
“The bottom-line in family leadership is our relationship with loved ones. The workshops and group sessions shape gifted people into authentic leaders who can better balance compassion and command while creating wealth for stakeholders.” - Tom Sutherland, Sutherland Packaging Co.
“It is nice to know we are not alone; other family businesses struggle with similar issues. The Family Business Forum has provided a means for us to learn how other families have successfully dealt with business issues we are facing. The Forum is much more than just a series of seminars.” - Mary Speckhart, White Conveyors, Inc.
Membership Annual Dues
$2000 annually per business enable up to 4 members of the business to attend Peer Discussion Groups For further information contact: Kim Dennison Administrator, Family Business Programs Rothman Institute of Entrepreneurial Studies SilbermanCollege of Business FairleighDickinsonUniversity (DD) 973.443.8880 (F) 973.443.8847