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EFBC President’s Message: Core Values at the Negotiation Table

Dear EFBC Members,

I am back with another themed letter, and this time I am thinking about Negotiations, and specifically how they are guided by Core Values.

Negotiations are a core part of any business leader’s role. Whether it’s a high-stakes contract or a simple agreement, we all bring to the table a toolbox of strategies—understanding our BATNA (Best Alternative to a Negotiated Agreement), leveraging data, and staying prepared. But beyond tactics and strategies lies a deeper dimension of negotiation: the alignment with our values.

In the pursuit of a win, our competitive energy as entrepreneurs can be activated, and it’s easy to focus on the tactical and analytical aspects of negotiation. However, the most meaningful and sustainable agreements often come from a softer, values-driven approach. This means prioritizing respect, empathy, and integrity throughout the process.

I am currently working through a high-stakes negotiation around potential M&A for my business. I know the tactics, and I know the data, so I am well-positioned. But I also keep re-visiting both the core values for my business and my personal principles. I am actively seeking to avoid an outcome where I have “won” but caused myself future harm by straying from what has served me well to-date.

As you go through the inevitable negotiations in your businesses, I encourage you to leverage the EFBC way of emotional intelligence, and the support of your forum and the broader EFBC community to help you stick to your personal values.

Warm regards,

Darrin Shillair – EFBC President 2024-2025

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EFBC President’s Message: Keep Calm and Persist On

Dear EFBC Members,

I am back with another themed letter, and this time I am thinking about Persistence.

I often feel in my business that my efforts aren’t working, and we’re not making enough progress on our goals. As owners, we are all too familiar with the days where it feels like every effort is hitting a wall, with no immediate results in sight. These days can be discouraging, but they are part of the larger journey. Success isn’t measured by the wins of a single day; rather, it comes in chunks, often appearing when we least expect it.

It’s easy to become impatient when we don’t see instant results. However, persistence is what separates those who build lasting businesses from those who give up too soon. By continuing to put in the effort day after day—without immediate reward—you are laying the groundwork for those eventual “chunks” of success. It’s the accumulation of small, persistent efforts that leads to significant breakthroughs.

As leaders, we must remind ourselves that the road to success isn’t linear. The key is to stay focused on the long-term vision, even when daily progress seems minimal. The challenge is to remain committed to your goals, and trust that persistence will pay off, as it always does. In time, the small efforts compound, and the big wins start rolling in.

The EFBC provides a unique and critically important environment for persisting through the lulls where it feels like your efforts are “two steps forward, one step back”. Our forums and the broader organization are full of leaders who have “been there”, can ground our individual impatience in wisdom, and provide the encouragement needed to Persist.

I wish you all strength in your Persistence through your business and personal challenges faced every day. As the recent recipient of a few step-change chunks of progress, it ultimately can pay off.

Warm regards,

Darrin Shillair – EFBC President 2024-2025

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August President’s Message: Focus

Dear Members,

As the summer winds to a close (too quickly!), I am thinking a lot about focus.

In general, I feel that once the hecticness of summer commitments is behind us, I can re-focus on my business for the remainder of the year.  I can re-visit our strategic plan and the initiatives that we intended to complete this year, and I can re-apply myself and my team to ensuring their completion.  With 4 months to go, focus is critical.

And specifically, I am thinking about the focus that the EFBC uniquely provides.  Specialty Sales, and I personally, have been dealing with a very difficult personnel situation with a long-time employee.  In an emotionally fraught and professionally difficult situation, I always appreciate being able to confidentially discuss with my EFBC colleagues.  They provide empathy and shared experience, steeped in the EFBC culture of emotional intelligence, that allows me to focus on the business’s core values and my personal core values.

This clarity helps me move through the situation in line with our values, and get out of the “head trash” that can bog us all down when we are facing difficulties in our businesses.  I am grateful to the EFBC for that focus.

In other news, the EFBC is currently actively recruiting to our committees.  This is a member-run organization, which is what makes it great.  That requires members to volunteer their valuable time to keep the organization.  The good news, and I speak from experience, is that it is a two-way street.  Being on the board of the EFBC has been an enlightening experience of personal growth for me personally, and I highly recommend it.

We are currently looking for the following:

  • Marketing & Membership: The M&M Committee is looking for members with marketing experience or interest, specifically in content marketing, that can help us share the value of the EFBC with even more prospective members.  We will be developing a strategy and working with staff to create, share and measure content to drive new member growth.
  • Programming: The Programming Committee is looking for members who have an interest in driving the ideation and execution of all the events we provide to members.

If you have interest, please reach out to Liz Fidanovski or Bob Carmody, our current Governance Chair, who are actively working on committee succession and recruitment.

Lastly, I’m excited to share that we’ve recently rolled out an update to our EFBC CommunityHub mobile app. You may have already noticed the new, sleeker design. The homepage now features a “summary” of all the pages available in the menu, providing a dashboard-style overview at a glance – from posts and events to groups and the discussion board. This update is aimed at making it even easier for you to stay connected and engaged with our community. If you haven’t downloaded the app and activated your account yet, please do so by clicking here to download it from the Apple Store and here to get it on Google Store.

 

 

Warm regards,

Darrin Shillair – EFBC President 2024-2025

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Optimism and Opportunity: A New Leadership Era

We’re excited to introduce you to our new EFBC President for 2024-2025, Darrin Shillair! To kick off his tenure, Darrin has shared a heartfelt video message and a thoughtful letter with our valued members.

Dear Members,

As I step into the role of president of the board of the EFBC, I am filled with a profound sense of optimism and excitement. It is truly an honor to serve a community of dedicated family business owners and entrepreneurs who play such a pivotal role in our economy and society.  As business owners and entrepreneurs, I believe we all are optimists at heart, otherwise we would never take the risks required.  We believe in the future and believe that our businesses will thrive, and I believe the same for the EFBC.

Our organization has always been a beacon of support and guidance for family businesses, and I am looking forward to building on this legacy. I am particularly optimistic about the future because of the strength and resilience I see in each of you. Your dedication to your businesses and to this organization is truly inspiring.

In the coming months, I will be sharing with you our strategic plan, which has been crafted with great care and insight by our Board of Directors and staff. This plan is designed to ensure the continued growth and prosperity of our organization, and I believe will set a strong foundation for our future.

I will be asking to visit each of your forums in the coming months, and I’m looking forward to discussing our plans with you, getting to know more members, and hopefully convincing you to help us achieve those goals.

Thank you for your continued support and commitment to our organization. I look forward to working closely with each of you and to hearing your ideas and feedback. Together, we can achieve remarkable things and ensure a prosperous future for all our members.

Let’s embrace the future with optimism and enthusiasm, knowing that our collective efforts will make a lasting impact.

Warm regards,

Darrin Shillair – EFBC President 2024-2025

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WHEN…

 

Dear EFBC Members,

As my tenure as president of EFBC draws to a close, I find myself reflecting on a simple yet profound word: “When.” Throughout my journey, knowing when to make pivotal decisions has been a gift I’ve been fortunate to possess. It’s about discerning the right moments in life – when to embark on new chapters, when to embrace challenges, and when to graciously step aside.

Reflecting on my journey with EFBC, I am deeply grateful for the opportunities and growth it has afforded me. Joining the EFBC in 2008 was the right “when” for me, followed by my involvement with the Lighthouse Forum in 2014 and later joining the EFBC Board in 2021. Each “when” marked a significant milestone in my personal and professional development.

Serving as vice president in 2022 and then president in 2023 has been a privilege beyond measure. It has been a period of immense learning, growth, and adaptation to the evolving needs of our dynamic community. I am immensely proud of what we have achieved together during my tenure – from launching initiatives to enhance member engagement to overseeing successful events that brought us closer as a community.

Looking ahead, I have full confidence in the leadership of Darrin as the incoming president and the entire board. Their dedication and vision will undoubtedly propel EFBC to new heights, continuing to serve our members with excellence and innovation.

I would like to express my heartfelt thanks to Liz, Danielle, and Cha Mi of the EFBC staff for their unwavering support and dedication. Your hard work behind the scenes does not go unnoticed.

A special thank you to Darrin for your invaluable partnership as vice president and to Andy for your guidance and leadership as past president. Your insights have been instrumental in shaping our organization’s success.

Lastly, I extend my gratitude to the Lighthouse Forum for the inspiration and camaraderie over the years. Together, we have made a difference in the lives of our members and the broader community.

As I transition into the role of past president, I look forward to supporting EFBC in new capacities and witnessing its continued growth and impact.

Please remember to join us for our Summer Golf Social outing & Leadership Award ceremony at Itasca Country Club on August 5th – a wonderful opportunity for networking and celebration.

Thank you all for your support, and dedication to EFBC. It has been an honor and privilege to serve as your president.

Warm regards,

 

 

Dave Horvath | EFBC President 2023-2024

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President’s Letter: Reflecting On Q1 and Future Planning

 

Dear EFBC Members,

With spring in full bloom and summer just around the corner, there’s a sense of renewal and opportunity in the air. The world around us is blossoming, and with it, new possibilities for our businesses and our community. It’s the perfect time to reflect on the progress we’ve made and set our sights on what’s to come.

May marks a prudent time to review Q1 analytics and make necessary adjustments to ensure a strong forecast for 2024. This is an opportunity to fine-tune sales, material margins, and critical processes. Involving key personnel now, before summer vacations begin, can help solidify your plans for the year. Don’t hesitate to lean on your forum partners or fellow EFBC members for advice and support.

Now, I’d like to share some exciting updates and upcoming events within the EFBC community:

  1. Website Launch: We recently launched our redesigned website, featuring a fresh new look and enhanced user experience. This update strengthens our online presence and provides an improved user experience for our members.
  2. EFBC CommunityHub: Our new online platform, EFBC CommunityHub, launches tomorrow, May 1st! This platform will serve as a central hub for members to connect, share knowledge, and collaborate. Keep an eye out for the official launch announcement tomorrow morning!

Upcoming events that you don’t want to miss:

  • Fireside Chat – Member Story: June 11th-Join us at Medinah Country Club for a conversation with EFBC member Jim Armbruster, facilitated by George Karavattuveetil. This chat offers a unique opportunity to learn from Jim’s experiences and journey.

As we embrace the beauty of spring and the promise of summer, let’s continue to nurture our community and support each other in our journeys. I look forward to seeing you at these events and witnessing our collective growth!

 

Warm Regards,

Dave Horvath
EFBC President 2023-2024

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President’s Letter: Embracing the Spirit of April with EFBC

Dear EFBC Members,

Spring has sprung in Chicago, bringing with it a sense of renewal and inspiration for all. As we eagerly anticipate the Easter holiday later this week. Several golf courses have already opened!!!! Someone we know is getting a tax refund!!! We revel in the excitement of NCAA March Madness, we are reminded of the vibrant energy that surrounds us during this time of year. Additionally, the implementation of Name, Image, and Likeness (NIL) regulations has ushered in a new era for women & men student-athletes, providing them with well-deserved financial rewards for their efforts both on and off the field.

Exciting Updates and Upcoming Events We have some exciting updates and events to share with you as we embrace the spirit of spring:

Website Redesign Launching at the end of April: We’re thrilled to announce that our re-designed website will be launching at the end of April! Get ready for a fresh new look and enhanced user experience as we strive to provide you with valuable resources and seamless navigation.

Upcoming Events:

Leadership Application Course Series (LAC) – Weekly Starting Wednesday – April 17th: The Leadership Application Course, instructed by George Karavattuveetil of Psyched LLC, is a 6-week program designed to improve team communication, performance, and culture. Join us for weekly sessions beginning on Wednesday, April 17th, from 8:00 AM – 10:30 AM.

HR Roundtable – April 11th: Join us for our HR Roundtable where we’ll delve into current hot topics such as Emotional Intelligence and its impact on work, as well as Executive level conflict and its implications. This interactive session promises to provide valuable insights for HR professionals and business leaders alike.

From the Carpet to Concrete: Navigating Client Interactions with Expertise – April 25th: Join us for an insightful roundtable discussion facilitated by industry experts from our valued member, Carbit Paint Company. In this session, we’ll delve into the world of technical guidance, focusing on strategies for navigating diverse customer interactions and expectations.

Signature Event – Unlocking Potential: The Highest Form Of Leadership – May 16th: Save the date for our EFBC Spring Flagship Event on Thursday, May 16, 2024. Prepare to be inspired by renowned speaker, Sam Silverstein, as he shares his powerful message of “No More Excuses.” This event is not to be missed!

As we enter the month of April, let’s embrace the spirit of growth, renewal, and possibility. Together, we’ll continue to support each other’s aspirations and celebrate our collective achievements.

Thank you for your continued dedication and participation in our EFBC community. Your contributions make our community vibrant and dynamic.

Warm regards,

Dave Horvath
EFBC President 2023-2024

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President’s Letter: The Art of Business Growth

Dear EFBC Members,

March brings with it an opportunity for introspection and reflection on our growth strategies and the health of our businesses. Recently, I had the privilege of reading an insightful article in the Harvard Business Review titled “How Fast Should Your Company Really Grow?”. It raised thought-provoking questions about the true measure of a company’s success and the implications of rapid growth on internal components such as company culture, customer relationships, innovation, and capital.

1. Right-Sizing Growth is a Vital Consideration

The article prompted me to ponder: In our pursuit of growth in revenues and profits, are we neglecting the foundational elements that truly make a company successful? Can these internal components scale effectively alongside rapid growth? As business owners and managers, it’s imperative that we consider how to “right size” growth to ensure the long-term health and sustainability of our organizations. This involves striking a delicate balance between expansion and maintaining the integrity of our company culture, talent pool, customer relationships, innovation capacity, and financial stability.

2. Crafting a Great Business Growth Strategy

What does it take to develop a great business growth strategy that aligns with the core values and capabilities of our organization? It’s about more than just chasing numbers; it’s about fostering sustainable growth that enhances the overall health and vitality of our businesses. It requires a strategic approach that takes into account market dynamics, internal resources, and long-term objectives. As we navigate the complexities of growth, let’s remember the importance of thoughtful planning, adaptability, and a commitment to excellence in all aspects of our operations.

Upcoming Events: Mark Your Calendars

  • Breakfast Club: Cybersecurity – Thursday, March 21st
    Join us for a collaborative workshop on Cybersecurity best practices, presented in partnership with strategic partners PSM Partners, Wintrust Financial Corporation, and our partner Alera Group. This event will equip you with valuable insights to safeguard your business against cyber threats.
  • Hybrid Roundtable: Demystifying Key Person Insurance – Wednesday, March 27th
    Facilitated by our Strategic Partner, Marcus Newman from ALERA Group, this roundtable will shed light on the importance of Key Person Insurance in business planning. Gain a deeper understanding of its significance, costs, potential challenges, and how it can protect your business from unforeseen circumstances.

Thank you for your ongoing dedication and participation in our vibrant EFBC community. Together, we will continue to thrive and evolve in pursuit of our shared goals.

Warm Regards,

Dave Horvath
EFBC President 2023-2024

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President’s Letter: A Call to Action and Sneak Peek of What’s to Come

EFBC members, as we journey through February, it’s the perfect time to start activating the processes and strategies we set in motion during January’s goal-setting frenzy. Understand that setting ambitious goals is just the first step. Execution is where the magic happens. I am currently re-reading “Traction” by Gino Wickman. This insightful book provides a roadmap for turning vision into reality through a structured and disciplined approach. As we absorb the wisdom within these pages, we’re positioning ourselves to execute our vision with precision and purpose.

We are thrilled to announce that the rollout of the Hivebrite online community platform for EFBC members this spring. Our Vice President, Darrin Shillair, and the dedicated EFBC staff are working diligently to set up this app-based platform. The Platform will enhance our member experience and facilitate seamless networking, knowledge-sharing, and collaboration.

EFBC Upcoming events:

  1. Thursday, February 8th (Next Week) – Our upcoming Fireside Chat is an event you won’t want to miss! We’ll be joined by guests Eric VanderPloeg, Jay Giddens, and Megan Jerabek, who will provide invaluable insights into the evolving landscape of Name, Image, and Likeness. If you’re interested in participating or know someone who might be, please reach out to EFBC staff. CLICK HERE to learn more!
  2. Thursday, March 21st – Save the date! We have an exciting event lined up. Teaming up with new strategic partners PSM Partners and Wintrust Financial Corporation, along with our partner Alera Group, we will be presenting a breakfast club on Cybersecurity best practices. CLICK HERE to learn more!

Thank you for being an integral part of our dynamic EFBC family. Your participation, engagement, and contributions are what make our community exceptional.

Dave Horvath
EFBC President 2023-2024

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Bidding Farewell to 2023 with EFBC President

Happy New Year! As we bid farewell to 2023 and step into the possibilities of 2024, it’s a time of fresh beginnings, renewed ambition, and the excitement of setting new goals.

Personally, this is my favorite time of the year, as it allows us to reflect on our achievements, dream big, and set our compass for the journey ahead. Set SMART (Specific, Measurable, Achievable, Relevant, and Time-bound) goals that will guide you throughout the year.

My favorite December read was “How To Know A Person: The art of seeing others deeply and being deeply seen” by David Brooks. It dives into the essential skill of truly understanding others and fostering meaningful connections, at home, at work, and throughout our lives.

Here’s what’s on the horizon for our EFBC community as we dive headfirst into January & February 2024.

  • Flex Forum – January 17th, 2024
  • Financial Wrap-Up Seminar Hosted by Private Vista – January 24th, 2024
  • Fireside Chat – February 8th, 2024: “NIL Name, Image, Likeness” a topic with profound implications for business and sporting industries. The event will feature EFBC Strategic Partner Eric VanderPloeg from Burke Law and special guests Jahvae “Jay” Giddens from Purdue University and Megan Jerabek from von Briesen

Remember, your journey towards your goals doesn’t have to be a solitary one. EFBC is your community, a network of support, and a source of inspiration.

Wishing you a prosperous and goal-driven January!

Dave Horvath
EFBC President 2023-2024