We help family owned business succeed through generations
 
 

Our Mission:

Empower.

Provide family owned businesses with the tools and support they need to succeed in Upstate New York (Albany, Syracuse, Rochester, Buffalo and the surrounding communities). By reducing the challenges and leveraging the advantages of being a business owning family.

 
 

Upstate New York Family
Business Day Symposium
09.24.19

To Make a Hotel Reservation
RIT Inn and Conference Center
5257 West Henrietta Rd.
Henrietta, NY 14467

For overnight accommodations at the RIT Inn and Conference Center call 585-334-1800. Booking code: Family Owned Business Symposium or register online at
https://www.rit.edu/ritinn/ use code
190924RIVE

The Rivers ORganization is proud to host our inaugural
full-day symposium featuring national speakers
discussing major issues affecting family businesses.

From the Peak Family Business Survey…Even though nearly 70% of family businesses would like to pass their business on to the next generation, only 30% will actually be successful at transitioning to the next generation.

According to the Family Business Alliance…More than 30% of all family owned businesses make the transition into the second generation. 12% will still be viable into the third generation, with only 3% of all family businesses operating at the fourth-generation level and beyond.

Do you have family business clients you want to see flourish in the next generation?
That’s why we are inviting you to attend the 2019 Upstate NY Family Business Day Symposium. Join us this September 24, 2019, so we can help your family business beat the statistics! 


Speakers

Pierre duPont
Semi-retired entrepreneur, private investor, mentor and an advisor for business owners large and small. With his partners at Cerity Partners, he is also a wealth-strategy counsellor for individuals, tech entrepreneurs and business-owners.

A “Fireside Chat” with Pierre duPont

As a descendant of the founder of one of the Dow Jones original twelve and its longest-lived company, and as a part-owner of a large family-held retail chain, Pierre has experienced the opportunities and obstacles of family business ownership, both current and those that develop across generations. Join him as he leads a group discussion in which he will comment on the following three topics:

  • Considerations for if and how to pass the family business to the next generation

  • What you may want to do versus what you can do for your descendants

  • Family communications and governance: how you can help family harmony in the future

Jeff Savlov
Family Owned Business Consultant at Blum & Savlov, LLP

Cracking the Family Business Code

At its best, a family business brings family closer together while creating economic opportunity for family and community. The dark side can be damaged family relationships, unmotivated and spoiled children and financial ruin. Understanding the common and intense dynamics of combining family and business is a key element to managing successfully across generations.

What your family business can learn from the rock band Metallica

This highly interactive and creative workshop features clips from the movie “Some Kind of Monster”, a documentary about the heavy-metal rock band Metallica. The band hired a consultant to work with them during a period of heavy conflict while trying to make an album.

It is chock full of great examples of the challenges business families face (or are blind to). The band itself, while not blood related, is essentially a family in many ways and overall the film gives great fodder for discussion about family business dynamics for families and the professionals advising them.

SPeakers (cont.)


Cathy Carroll
Family Business Leadership Coach at Legacy Onward , Inc

Greater Profits, Through Greater Performance: How to develop the next generation of leaders in the family business 

Join Cathy on a leadership development odyssey for next generation leaders.  This presentation has nothing to do with education, training and job rotations.  She will talk about the journey of development that you don’t learn in the classroom or on the job, yet is integral to leadership development in a family business: Harnessing emotion, integrating feedback and leveraging paradox. 

These critical skills develop from the inside, take time to mature, and are essential to building resilient individuals, families and family businesses.

 Michael Palumbos
Family Wealth Advisor at Family Wealth & Legacy
The Four Decisions of Business Growth and How Family Businesses can Leverage Them

In any business, no matter what challenges you face, four critical decisions impact your ability to scale up growth. 

Family business can either leverage these decisions or be hindered by them.  During this seminar we will introduce the four decisions and help you to determine how they are impacting the family business.  The four decisions will help you to:

  • Outline the accountabilities and metrics to get your people doing the right things

  • Get family and non-family members on the same page with your business strategy for top-line growth

  • Discover the habits that can give your leadership team back 90% of their time to focus on market-facing activities

  • Identify concrete ways to increase operating cash flow

 


NeTWORKING

Networking is a long-term investment and leads to lifelong friendships. We've all heard the sayings that two heads are better than one and that a problem shared is a problem halved. The longevity of these sayings demonstrates its applicability throughout the centuries and the basic underlying principle of being able to learn from your peers. A great way to build up and learn from industry peers is to network. Networking can be one of the most valuable uses of your time in terms of return—and not just in monetary terms.
read more

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Tentative Program Timeline

as of 09.10.19

as of 09.10.19

 

Our Impact

Making Family Bonds Stronger,
Making Family Business’ Successful,
Helping Upstate New York, stay family business friendly!

 
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JUST CONFIRMED - ADDITIONAL SPEAKER PIERRE DUPONT

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A Fireside Chat with Pierre duPont

Pierre duPont - As a descendant of the founder of one of the Dow Jones original twelve and its longest-lived company, and as a part-owner of a large family-held retail chain, Pierre has experienced the opportunities and obstacles of family business ownership, both current and those that develop across generations. Join him as he leads a group discussion in which he will comment on the following three topics:

Considerations for if and how to pass the family business to the next generation

What you may want to do versus what you can do for your descendants

Family communications and governance: how you can help family harmony in the future

2019 Speakers

JEFF SAVLOV, Founder
Blum & Savlov, LLP

“I have known Jeff Savlov for years, and have high regard for him as a family business consultant. I hired him to speak on the topic of Siblings In The Family Business: Love, Hate And Profitability. His material was insightful, and made sense to the audience of many family businesses from a wide assortment of industries. His intelligence, humor and ability to connect the dots makes him a very effective teacher and guide.”  Ira Bryck | Family Business Facilitator/Advisor and Radio Host

“I have known Jeff Savlov for years, and have high regard for him as a family business consultant. I hired him to speak on the topic of Siblings In The Family Business: Love, Hate And Profitability. His material was insightful, and made sense to the audience of many family businesses from a wide assortment of industries. His intelligence, humor and ability to connect the dots makes him a very effective teacher and guide.”

Ira Bryck | Family Business Facilitator/Advisor and Radio Host

 
 
 

Cathy Carroll, Founder
Legacy Onward

Cathy’s deep knowledge of the dynamics of family run businesses, coupled with her enormous empathetic heart are a lifesaver. I learned so much from her regarding the reasons behind the “why’s” that it had allowed me to gain a deeper and more meaningful understanding, not only of my business, but of myself and my own family’s deep seated triggers and its effects on the business. I have been given new found perspectives, tools and ways to go about managing the day to day but more importantly I can say, I feel like a more whole and loving human being to myself and my children because of her. I am forever grateful.”  Geri H. Founder, G1

Cathy’s deep knowledge of the dynamics of family run businesses, coupled with her enormous empathetic heart are a lifesaver. I learned so much from her regarding the reasons behind the “why’s” that it had allowed me to gain a deeper and more meaningful understanding, not only of my business, but of myself and my own family’s deep seated triggers and its effects on the business. I have been given new found perspectives, tools and ways to go about managing the day to day but more importantly I can say, I feel like a more whole and loving human being to myself and my children because of her. I am forever grateful.”

Geri H.
Founder, G1

 
 
 

Michael Palumbos, Partner
Family Wealth & Legacy

Michael Palumbos, ChFC, CBEC Family Wealth Advisor: My mission is what drives me to do everything possible to expand the family's potential. I do that by creating innovative tools that help families answer the tough questions, by being forever students of our industry, by building relationships with a diverse team of professionals, and by positively impacting the families and communities where I live and work.

Michael Palumbos, ChFC, CBEC
Family Wealth Advisor: My mission is what drives me to do everything possible to expand the family's potential. I do that by creating innovative tools that help families answer the tough questions, by being forever students of our industry, by building relationships with a diverse team of professionals, and by positively impacting the families and communities where I live and work.

 

Get Involved

Use the buttons below to register for our upcoming symposium or to get information on how to Sponsor this event!

 

Sign Up For THE SYMPOSIUM

Register now to attend this day-long symposium on September 24, 2019 at the RIT Inn & Conference Center

SPONSORSHIP opportunities

Don’t miss this opportunity to be part of this growing movement in Upstate New York

 

Thank you to our Sponsors

We Sponsor because we believe in Family Owned Businesses and Upstate New York!

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As an association management firm, we provide administrative and executive services to professional societies. As an events planning company, we coordinate conventions, trade shows and special events for companies and associations of all sizes. We also assist these organizations with their fundraising needs. Riversorg.com
 


Generational succession plans, family conflict, and the need for the business to grow are a just a few of the reasons why families rely on Family Wealth & Legacy, LLC. to help them tackle what sometimes feels next to impossible. 


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The Greater Rochester Chamber of Commerce is an active, non-profit business membership organization comprised of business and professionals who are dedicated to fostering a favorable economic climate in which to live and work.


Become a Sponsor for the Upstate New York Family Business Day Symposium

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We Believe

Family businesses in Upstate NY (Buffalo, Rochester, Syracuse, Albany) face unique challenges and advantages. Our mission is to help them reduce the challenges and leverage the advantages of being a business owning family. We accomplish this by bringing in nationally recognized experts that have years of experience working with multi-generational family owned businesses. We spend a day learning from the family business consultants and networking with other family owned business members. On an ongoing basis we encourage family owned businesses to engage with their local family business center.