Family Business Center
The Family Business Center of Loyola University’s Quinlan School of Business is an interdisciplinary Center of Excellence dedicated to serving multi-generational, mid- to large-sized family businesses. The center provides trans- formational learning experiences aimed at increasing effectiveness in planning, problem-solving, and preparing current and future generations of family business owners and managers.
Preserving your Legacy
Your family business is like an heirloom passed from one generation to the next. At the Family Business Center at Loyola’s Quinlan School of Business, we want to make sure that heirloom stays in mint condition for years to come. So whether you are a key stakeholder in your family’s business today or are preparing to become one in the future, we will equip you with the resources needed to make more informed decisions, preparing you to be a better owner.
First and foremost, we serve as an indispensable network for families in search of a confidential sounding board of like-minded individuals. We provide this through Peer Advisory Groups, leadership and stewardship institutes, and a number of conferences, seminars, and webinars each year.
ANNUAL SALES OF MEMBER COMPANIES
- 11%- More than $1 billion
- 43%- $101 million to $1 billion
- 46%- $10 million to $100 million
Companies have at least two of the following in common:
- 200 employees or more
- Reported annual sales of at least $25 million
- Family shareholders inside and outside the firm’s daily operations
- At least two generations actively involved in management
- Operated the business for more than 50 years under the ownership of the same family(ies)
Collaborative Learning Network
Like your family, our members have a lot in common and much that sets them apart. So whatever business you’re in, the Family Business Center will provide you with opportunities to learn from others just like yourself while gleaning new insights and best practices from outside your industry. Within this shared network, we recognize that family businesses are private institutions; therefore, we respect your confidentiality in regards to all family matters, business operations, and financial information. Our staff and instructors take Loyola’s commitment to integrity seriously.
Peer Advisory Groups
Peer Advisory Groups (PAGs) bring together eight to 10 members to confidentially discuss and share solutions to business, family, and ownership challenges. Groups are moderated by professional facilitators from the center.
Next Generation Leadership Institute
The Next Generation Leadership Institute (NGLI) is an 18-month course designed for 25- to 45-year-olds working in their family businesses who aspire to be in senior leadership within the enterprise. NGLI graduates come away with a clear understanding of their strengths and areas of improvement, a deeper knowledge of their family and professional roles, and a plan for their future in the business.
Family Business Stewardship Institute
The Family Business Stewardship Institute (FBSI) prepares family business owners, shareholders, and stakeholders (including non-owner spouses and future owners) for effective stewardship of their family enterprises. This comprehensive educational curriculum addresses the major competencies needed for effective family business ownership.
Conferences, Seminars, and Webinars
The center holds educational conferences and webinars each year on issues related to the family business model such as succession, leadership styles, family communication, estate planning, and more. Interactive presentations and family business case studies enable members to see solutions to actual challenges they face on a daily basis. In addition, our member social events build connections and community.
Summary of Benefits
Operating a successful family enterprise is something most public business professionals just don’t understand.
As a member of the Loyola Family Business Center, you’ll be part of a community willing to share its wisdom and knowledge in a supportive, confidential setting. More specifically, you’ll find the education and guidance you need. Advisory groups, conferences, seminars, webinars, customized programs, and institutes are all available to help preserve your family’s tradition while also preparing a vision for its next great chapter.