You can go it alone, but...
The Last 10%
The Chicago Marathon is scheduled for October 11 this year and right now, entrants are at the height of their training. This reminds me of two of the lessons learned from my own marathon (bucket list, check!)
Lesson 1: You can go it alone, but it's better to go together.
My friend Maurice (Mo) is a champion of others' dreams. Back in the day you could enter the Chicago Marathon at any point. While I was running, Mo jumped in and ran with me from mile 19 to mile 25; then he jumped back out and went to meet me and my family at the finish line. It meant the world to me to have someone run alongside me when I was at my most tired. You can go it alone, but it’s so much better to go together.
Lesson 2: Pack mental fortitude and discipline for the journey.
Mental fortitude can carry you through the worst part of any marathon. Right now, the ability to endure and transcend the current state of business and life requires us to trust in ourselves. Now is the time to lean on our training, preparation, and discipline and to encourage one another. Come up alongside your brother, your cousin, your father, and your children.
Presently, we are living the stories our families will talk about for years to come. Don't go it alone. Trust your training and discipline. It will see us through.
You're muted.
Some of our members walk a fine balance between workforce safety, productivity, and the difficulty of returning to the office. Korn Ferry does a deep dive into all the issues here.
After you finish reading the article, please take out our HR Benchmarking survey. We need 10 more responses before we can share the results with members. Thank you in advance for your help!
Time to meet the board!
Get to know Nick Perrino, Board member, NGLI grad, and peer group member. He’s talented, charismatic, and a key player in his cousin-led G4 family business.
What is your full name, company name, generation, and role in your family business?
Nick Perrino. Home Run Inn. I'm G4 and COO.
What is the size of your company?
$50M - $250M
What year did you join the board and what is your current role?
2019, Board Member membership committee chair
2018, Board Member, membership committee chair
How long has your family and company been a member of Loyola Family Business Center?
30 years
In your opinion, why is family business important?
Family business is what makes America tick. Family businesses employ the largest number of Americans and innovate faster than major corporations.
Which living person do you most admire?
My wife, Christina Perrino.
What do you consider your greatest achievement?
Successfully managing our business through the sudden loss of my father and company CEO with my cousins and siblings.
Which family ancestor or family figure do you most admire and/or identify with and why?
My father, Joe Perrino. I admire the vision he had for the business and the family. He was very forward thinking and always looked for better ways to do things.
What would you like FBC members to know about you?
Family is everything to me, especially my 4 children that are 8 years old and under.
The future is unpredictable... unless you have an expert
Please join us on September 22 at 12:00 p.m. CDT for a live broadcast: Economic Predictions: Guidelines for Family Businesses. Guest experts Mike Stritch and Todd Riggin of BMO Harris will share scenario planning ideas based on two different election outcomes and their thoughts about the expected duration of the pandemic's economic impacts. You can learn more and register here. Also: if you have questions for Mike and Todd, you can submit them in advance here and they will address them during the live broadcast.
Next gens and shareholders and directors, oh my!
We turned the toybox upside down and reworked all of our Learning Institutes for you! Beginning virtually and moving later to in-person learning, we are enrolling cohorts for Next Gen Leadership, Stewardship, Governance, and Legacy. If you are interested in learning more, call me at 312-915-7738.
We sent forth our newest graduating class of the Governance Institute this week. They started the class in person and finished it like heroes, virtually. They have learned a lot and are looking forward to the in-person alumni dinner in the Spring! Congratulations to Mark Michuda, Bill Etnyre, Tom Buddig, Tim Buddig, Ginny Vecchio, Matt Nielsen, and Jon Neustadt. Well done!
Masks for millenials
Let’s finish out the week with an important message on masks from Paul Rudd.
The week is over; time to get some much needed rest over the weekend. Please don’t forget that Andrew and I would love to hear from you. Call or write and remember: you can go it alone, but it's better to go together.
