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Goering Center News November 18, 2019

Top image: 16 employees from 6 businesses graduated from the Goering Center Communication & Culture Institute on October 30. This is an annual six-session institute facilitated by the culture team at Scroggins Grear at the Goering Center. Attendees covered important topics such as inspiring respect, inspiring trust and managing conflict. Congratulations to these graduates!

In the news

What your business needs to do to get ready for partnership audits

Kelvin M. Lawrence, Esq., Business and Tax Attorney, Dinsmore & Shohl LLP

The Bipartisan Budget Act of 2015 (BBA) changed how the Internal Revenue Service (IRS) audits businesses taxed as partnerships (referred to in this article generically as partnerships) for tax years beginning on Jan. 1, 2018.

Wisdom is knowing when to ‘lean back’: Community gives context to content

Carol Butler, President, Goering Center

If you’re in the market to be learning, what is best: content or community? How do we choose to expose ourselves to new ideas and approaches? How do we value our investment in those areas in terms of lasting change and growth? The choices are not the same — and yet are complementary.

Photo/chuttersnap

Your personal balance sheet: Where financial independence begins

Dawn Jinski, Partner, Plante Moran
Tom Schiller, CPA, CFP, Financial Advisor, Plante Moran

The road to financial independence is different for everyone, but the starting point is the same: your personal balance sheet. It allows you to move toward financial independence — the place where you have enough assets to live comfortably in retirement yet provide for your heirs.

Transitioning your private business: Getting a private business ready for transition starts on day one

Rob Daly, Senior Advisor for the Center for Business Transition, RSM US LLP
Brian Ross, Senior Advisor for the Center for Business Transition, RSM US LLP

Business owners often think of transition readiness as retirement readiness, but these terms are not synonymous; 40 percent of business transitions are involuntary and forced long before retirement.

Photo/Andrew Jephson/Unsplash

Member spotlight: Junk King Cincinnati

Top left: Jack Brendamour, COO, at Junk King in front of a stuffed giraffe; Bottom left: Jack with his teammates in front of one of their trucks; Right: Non-profit organizations Junk King donates to.

Junk King Cincinnati provides professional, fast and eco-friendly junk removal services to our region. Junk King became a core member in 2015 and is involved in a Goering Center roundtable. Watch this video to see how Junk King gives back - two of their employees, also veterans, fold an American flag found at a job site, before delivering it to the American Legion - an action they regularly practice. They donate "junk" to several local non-profits and recycle what they can't donate.

Volunteer spotlight: Peter Ellington

Peter Ellington is the president and general manager of Office Furniture Source, a premiere office furniture specialist. Peter serves on our board of advisors and marketing committee and is also a graduate of both our Leadership Development Institute and Next Generation Institute. We are thankful he contributes to our mission to serve family and private businesses! Read more about Office Furniture Source, here.

Are you interested in volunteering with us, or know someone who is? Give us a call at 513-556-7185 and ask for more info.

Nominate for the 2019-20 Rising Leader Award

"Nichole has created a truly amazing mentoring and leadership development program," says Chris Mann, owner of Woodhouse Day Spa. "She identifies internal talent and then works with them weekly on leadership skills, mentorship, emotional intelligence and a host of other skills." The company has grown from one store with $1 million in sales to three stores with over $7 million in sales in 2019, under Nichole's leadership.

The Goering Center is searching for Greater Cincinnati's "Rising Leaders" – employees of family and private businesses who are on a leadership track, or succession track, and have advanced one of the 10 Best Practices of family and private businesses.

Accelerate your performance. Register for the Leadership Development Institute early.

"[The Leadership Development Institute] does an awesome job of really zoning in on the needs that [leaders] don't know yet realize they have." -Joe Motz, The Motz Corporation

  • Jan. 29 - Overview Breakfast for Leadership Development Institute REGISTER
  • March 11 - Leadership Development Institute sessions begin REGISTER

Welcome, new members!

Upcoming events

  • Jan. 16 Workshop - Show Me the Money: Higher Profits Through Better Pricing REGISTER
  • Jan. 29 Overview Breakfast - Leadership Development Institute REGISTER
  • Feb. 6 2020 Economic Forecast with Alan Beaulieu REGISTER

Credits:

Photos/Amir Karaman/UC Creative Services; Jay Yocis/UC Creative Services