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Love, Power and Money: Seven Habits of Successful Successors

Dean R. Fowler, Ph.D., CMC

Thursday, September 18, 2003
7:30 AM - 3:00 PM
Indian Valley Country Club, Telford
Breakfast buffet included

The stories of families in business are woven by intertwining the threads of love, power and money. Participants will learn how to find the balance among love, power and money in order to master the complexities of family business transitions.

Part 1: Seven Habits of Highly Successful Successors

Fowler will illustrate the seven habits common to the successful transition of family-owned companies. Traditionally, succession planning is driven by the senior generation; but the underlying message is that successful transitions are driven by the pro-active involvement of the successor generation. The successors, not the senior generation, must create and implement the vision for their future success.

Part 2: Where's the Cash? Fairness and Liquidity in Family Business

Illustrated through the discussion of case examples, Fowler will explore both the emotional and financial aspects of strategies used to transact inter-family purchases of the family business, which shift the financial risks and the corresponding rewards to the next generation of business leaders in the family.

Meet the Speaker: Dean R. Fowler, Ph.D., CMC

One of the world's leading family business experts, Dean R. Fowler, Ph.D., is recognized by the Institute of Management Consultants as a Certified Management Consultant (CMC). Fowler has consulted with over 180 family businesses, both in the U.S. and Europe. His recent book--Love, Power and Money: Family Business Between Generations--has won world-wide acclaim as one of the best books on integrated family business planning and development.

Philip A. Clemens

Family Business Highlight: Philip A. Clemens
Chairman & CEO
The Clemens Family Corp. Hatfield, PA

Through four generations, the Clemens family of Hatfield Quality Meats in Hatfield, PA, has been a generous model of philanthropic endeavors. They currently employ over 1,600 people.

For our member highlight, we have asked Phil Clemens, Chairman and CEO, to talk about the values and philosophy which have undergirded significant charitable contributions of The Clemens Family Corporation for over a century. Since 1895, Hatfield has supported the community in many ways, including financial contributions, product donations, and volunteering of time and effort in the community. Learn more about one of our region?s leading family businesses!

For More Information:

> Download Event Brochure (PDF)

Please contact Sally Derstine at (215) 723-8413 or click here for more information or to register.

The Family Business Learning Community gathers monthly to learn best practices of successful business families and competent advisors. Join our membership of over 80 family firms from all industries across the tri-state area. These 1st through 5th generations learn from each other and with each other at quarterly Forums and monthly Mini-Forums.

Forum cancellations must be made 2 days prior to event; if registration fees are involved, they cannot be refunded or waived when cancellations are made after that date or when the registrant does not attend.

Directions:

Indian Valley Country Club
650 Bergey Road, Telford , PA
(215) 723-9886
www.indianvalleycc.com

From Philadelphia via the Schuylkill Expressway:
proceed North on I-476 (Blue Route) to PA Turnpike Toll Plaza (Mid-County Interchange.) Proceed north on Northeast Extension of PA Turnpike now designated as I-476; formerly was called Route 9.

From New Jersey or Harrisburg via the PA Turnpike:
Proceed north on the Northeast Extension (now designated as I-476; formally called Route 9) Look for signs to Northeast Extension (I-476 North) near the Norristown Interchange.

Proceed north on Northeast Extension of PA Turnpike to first exit, Lansdale , #31. At end of ramp, turn right onto Route 63 West and follow 3.7 miles to Route 113. Turn right onto Route 113 North and follow 3.2 miles to Telford Pike. Just before Getty Gas Station, bear left onto Telford Pike for 100 feet and turn left onto Bergey Road. Follow Bergey Road for 0.9 mile. Indian Valley Country Club is on the left.

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From Philadelphia and points south via Route 309.
Proceed north on Route 309 Expressway. Continue north on Route 309 through Montgomeryville and Hatfield areas to Souderton?Route 113 exit. Turn left onto Route 113 south, follow 2.4 miles to Bergey Road (just before Getty Gas Station), turn right and follow 0.9 mile to Indian Valley Country Club on left.

From Allentown and points north via Route 309:
Take 309 south to Souderton?Route 113 exit. Turn right onto Route 113 south. Continue on Route 113 south 2.4 miles to Bergey Road (just before Getty Gas Station), turn right and follow 0.9 mile to Indian Valley Country Club on left.