Building Sustainability: Building Sustainability: Building - - PDF document

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Building Sustainability: Building Sustainability: Building Sustainability: Building Sustainability:

A bright future for family businesses A bright future for family businesses A bright future for family businesses A bright future for family businesses

Our Presenter Our Presenter Our Presenter Our Presenter

Jeff Ahola Jeff Ahola Jeff Ahola Jeff Ahola

CEO, Ahola Human Capital Management MBA finance Pepperdine University Executive MBA for Families in Business Galliard Certified Family Business Advisor

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Agenda Agenda Agenda Agenda

THE PAST: THE PAST: THE PAST: THE PAST:

Growing up in my family business & family business Growing up in my family business & family business Growing up in my family business & family business Growing up in my family business & family business influencers influencers influencers influencers.

THE PRESENT: THE PRESENT: THE PRESENT: THE PRESENT:

The evolution of the payroll business The evolution of the payroll business The evolution of the payroll business The evolution of the payroll business in parallel in parallel in parallel in parallel to the evolution of to the evolution of to the evolution of to the evolution of family business best practices. family business best practices. family business best practices. family business best practices.

THE FUTURE: THE FUTURE: THE FUTURE: THE FUTURE:

Family Business Intelligence Family Business Intelligence Family Business Intelligence Family Business Intelligence System System System SystemTM

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The Journey: 1967 The Journey: 1967 The Journey: 1967 The Journey: 1967-

• Present

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The family The family The family The family: : : : G1 G2 G3 The business The business The business The business: : : : Payroll Human Capital Management The family business The family business The family business The family business Governance Communication Documentation

“TAKE CARE OF THE FAMILY BUSINESS, AS “TAKE CARE OF THE FAMILY BUSINESS, AS “TAKE CARE OF THE FAMILY BUSINESS, AS “TAKE CARE OF THE FAMILY BUSINESS, AS WELL AS, THE BUSINESS OF THE FAMILY.” WELL AS, THE BUSINESS OF THE FAMILY.” WELL AS, THE BUSINESS OF THE FAMILY.” WELL AS, THE BUSINESS OF THE FAMILY.”

• Dr. Léon Danco

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Ohio Historical Marker Ohio Historical Marker Ohio Historical Marker Ohio Historical Marker Family Business Influencers Family Business Influencers Family Business Influencers Family Business Influencers

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How has technology impacted your business? How has technology impacted your business? How has technology impacted your business? How has technology impacted your business?

Speed of Change Speed of Change Speed of Change Speed of Change

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Power Business Intelligence Power Business Intelligence Power Business Intelligence Power Business Intelligence

Family Guidebook &Legal Documents Family Council Meetings

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Professionalizing Professionalizing Professionalizing the business and the business and the business and the business and the family business the family business the family business the family business

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Managing Human Managing Human Managing Human Managing Human Capital Management Capital Management Capital Management Capital Management in in in in parallel parallel parallel parallel to Family to Family to Family to Family Capital Management Capital Management Capital Management Capital Management HCM HCM HCM HCM FCM FCM FCM FCM

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Human Capital Management (HCM) Human Capital Management (HCM) Human Capital Management (HCM) Human Capital Management (HCM) Family Capital Management (FCM) Family Capital Management (FCM) Family Capital Management (FCM) Family Capital Management (FCM)

Business Vision Jobs Employee Handbook Organizational Chart Training & Assessments Talent Management Business Compliance Business Meetings Traditional Governance Traditional EAP Family Vision Roles (3-circle) Family Guidebook Genogram Training & Assessments Next Gen. Development Family Compliance Family Meetings Family Governance Family Business EAP

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C C C Counselor

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A A A Accountant

B B B Broker

What if we could What if we could What if we could What if we could Leveraging Leveraging Leveraging Leveraging technology to technology to technology to technology to provide timely and provide timely and provide timely and provide timely and accurate data accurate data accurate data accurate data relevant to the relevant to the relevant to the relevant to the family business family business family business family business system. system. system. system. HCM HCM HCM HCM FCM FCM FCM FCM

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The Family Business Intelligence The Family Business Intelligence The Family Business Intelligence The Family Business Intelligence System System System SystemTM

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involves involves involves strategic Family Capital Management strategic Family Capital Management strategic Family Capital Management strategic Family Capital Management Attorneys have been a missing piece in traditional Attorneys have been a missing piece in traditional Attorneys have been a missing piece in traditional Attorneys have been a missing piece in traditional HCM and they are an essential for FCM HCM and they are an essential for FCM HCM and they are an essential for FCM HCM and they are an essential for FCM Increased complexity and constant change requires a Increased complexity and constant change requires a Increased complexity and constant change requires a Increased complexity and constant change requires a proactive approach to sending accurate, relevant and proactive approach to sending accurate, relevant and proactive approach to sending accurate, relevant and proactive approach to sending accurate, relevant and timely communication timely communication timely communication timely communication

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Primary Benefits for Attorneys Primary Benefits for Attorneys Primary Benefits for Attorneys Primary Benefits for Attorneys

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Challenge: Challenge: Challenge: Challenge: Increase complexity, constant change and lack of timely communication from Increase complexity, constant change and lack of timely communication from Increase complexity, constant change and lack of timely communication from Increase complexity, constant change and lack of timely communication from the client. the client. the client. the client. Solution: Solution: Solution: Solution: 1) Proactive, real 1) Proactive, real 1) Proactive, real 1) Proactive, real-

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time business development process time business development process time business development process 2) Malpractice avoidance process 2) Malpractice avoidance process 2) Malpractice avoidance process 2) Malpractice avoidance process

Human Capital Management for Family Businesses Human Capital Management for Family Businesses Human Capital Management for Family Businesses Human Capital Management for Family Businesses

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• Dr. Léon Danco
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Jeff Ahola Jeff Ahola Jeff Ahola Jeff Ahola

CEO, Ahola Human Capital Management jb@ahola.com