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Family business workshop Oct. 24 in Berlin (Released: 10/17/96)

by Richard Veileux, Office of University Communications.

STAMFORD, Conn. -- The University of Connecticut's Family Business Program is coming to Stamford Oct. 25, offering owners of the more than 21,000 family businesses in Fairfield County an opportunity to discuss with colleagues and family business experts one of the most important decisions they'll ever make -- succession.

Joseph Astrachan, associate director of the Family Enterprise Center at Kennesaw State College's School of Business in Atlanta, Ga., will lead the workshop and discuss ways to deal with the challenges of recruiting, hiring, training, motivating, compensating, and evaluating successors. Astrachan is editor of the Family Business Review, and has helped many family businesses with successor issues. Also on hand at the workshop, to be held at the Tara-Stamford, 2701 Summer St., will be a panel of three area business owners: from Hobbs Inc., Kitchens By Deane, and Karl Chevrolet. They will discuss problems they faced in addressing successor issues.

This is the first time workshops run by UConn's Family Business Program will be offered in Fairfield County, says Richard Dino, director of the program. But it won't be the last. Now that the program has grown, he says it is ready to expand into the southwest corner of Connecticut. From this point on, all seminars run by the program will be offered back-to-back: once in Fairfield County, and once in a more central area of Connecticut. Astrachan will offer his presentations Oct. 24 in Berlin and Oct. 25 in Stamford. The University of Connecticut's Family Business Program was recently named one of the best such programs in the nation by the International Family Business Program Association.

More than 80 percent of the businesses in Connecticut are family owned and operated. This interactive workshop offers a chance for owner of family run businesses to meet the experts and talk to members of other family run businesses about similar challenges and experiences. It is a chance for owners to understand, through the experiences of others, what they need to do and when they need to do it for a successful leadership transition.

The registration deadline is Oct. 22. The cost of the workshop, which runs from 8 a.m. to 1 p.m., is $95 for the first person and $50 for each additional firm member. It is free for members of the Family Business Program. Any specific questions companies would like to have addressed at the workshop can be faxed to the Family Business Program office at (860) 486-2692. For more information contact Richard Dino (860) 486-4483.