Family Business Forum at Vermeer Headquarters in Pella IA
What a great time to be a privately held family-owned business! The economy is strong and there are a number of resources available to assist in guiding these firms. One program in particular stands ready to offer guidance, the Family Business Forum at the University of Northern Iowa.
Research shows that when organized and managed correctly, family businesses regularly out perform their non-family owned counterparts. One major reason for this is the shared purpose which exists that extends beyond just the operation of the company. Unfortunately, many family businesses neglect or avoid their company and family governance resulting in squabbles and conflict that plays out both in the Boardroom and at family gatherings.
The Family Business Forum at UNI understands the needs from both the family and business perspective and offers an array of applied services that support ownership and their executive teams. A next-generation leadership development program, market intelligence services, workshops and networking events that connect families and share best practices represent just a few.
An example of this is the wildly successful event recently held in Pella Iowa with the Vermeer family. Individuals from dozens of family businesses came together to hear the Vermeer story and listen to family members (both inside and outside the operation) share their expertise when it comes to structuring the family governance, establishing a family office, developing the roles of multi-generational family members and crisis management in the aftermath of a tornado in 2018 that had a direct hit on their manufacturing facilities.
While we can’t guarantee your operational success, we can promise access to those resources that when properly utilized, are known to create profitable sustainable and scalable operations. Come join us at one of our upcoming events and experience for yourself what a difference the UNI Family Business Forum can make. I’ll look forward to seeing you there! - Paul Kinghorn, Center Director