TCU's Neeley Entrepreneurship Center announces Family Business Seminar

Fort Worth, TX

3/10/2009

The Neeley Entrepreneurship Center at TCU will host a Family Business Seminar, April 3, at the Neeley School of Business at TCU. The full-day seminar will be led by one of the nation’s top family business experts, Dr. Sam Lane.

"Succession Planning In Your Family Business: Getting It Right" will be held Friday, April 3, 8:30 am – 4:30 pm, Smith Hall, room 104, 2805 W. Lowden Street, TCU campus. Cost is $199 for two attendees from one family and $50 for each additional family participant. For more information or to register, contact Brad Hancock, director of the Neeley Entrepreneurship Center, at 817-257-5946, or brad.hancock@tcu.edu.

Sam Lane, Ph.D, from the Aspen Family Business Group, has more than 23 years’ experience helping family businesses achieve their long-term goals and ensure their continued viability. As a corporate psychologist specializing as a consultant, he successfully creates and implements individualized approaches to the unique challenges faced by family business enterprises across the United States.

Communication, conflict, ambiguous direction and informal structures are challenges to the development of a succession plan within a family business. This seminar will cover the basic principles of a successful family business, such as: assessing the direction of the business, roles for the future, deciding who is capable and motivated to fill those roles, the most effective entry and development process, and who should monitor the progress of the plan. Dr. Lane will demonstrate how to use specific tools to facilitate understanding and communication to make the succession process go smoother. These tools help clarify boundaries and create clearer understanding, as well as pre-negotiate areas of potential conflict. This includes a governance structure, compensation policy, buy-sell agreement, and employment policy.

About the Instructor

A widely known speaker, Sam Lane, Ph.D, has addressed audiences at universities, institutes and forums across the country. He is co-author of two books, Working with Family Businesses and Holistic Model: Rethinking the Role of the University-Based Family Business Centers. He also has been published in The Aspen Family Business Group Monograph Series, The Rotarian, The Journal of Commercial Bank Lending, Family Business Review, Nation’s Business, Family Business Source Book, and Business Succession Planning.