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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

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Gratitude and Reflection – A Letter From The President

Dear EFBC Members,

As we prepare to bid farewell to another eventful year for the EFBC, December arrives, adorned with the warmth and joy of the holiday season. It’s a time for reflection, gratitude, and showing appreciation for the people who make our business journeys worthwhile.

As business leaders and professionals, it’s essential to remember the significance of showing appreciation for our partners, coworkers, clients, and everyone who has played a role in our successes throughout the year. This holiday season, let’s take a moment to express our gratitude and spread the spirit of appreciation. A simple gesture or a heartfelt message can go a long way in strengthening relationships and building a supportive network.

In celebrating milestones within our community, I would like to extend my warmest congratulations to two of our valuable members, Krusinski Construction Company and Brucher Machining, Inc., on their exceptional achievement of marking their 50th Anniversary! It’s an honor to have them as part of our EFBC community!

In the past month, we had the privilege of hearing from one of our own, B.J. Slater, who shared an insightful analogy between business leaders and changes in the aviation industry. The psychology of human factors “Soft Skills” used a flight crew team and business leadership team. Also, the white paper from Strategic Partner Burke, Warren, MacKay & Serritella, P.C. regarding year end compliance issues for business is a necessary tool for the leadership toolbox.

As we approach the new year, our planning for 2024 continues. Your input and engagement are crucial as we shape the direction and initiatives of EFBC for the upcoming year. Look out for updates on planning sessions and opportunities to contribute. We have an exciting lineup of events for the upcoming months:

We encourage you to mark your calendars and make the most of these opportunities to learn from industry leaders and foster meaningful connections within our community.

As we approach the close of 2023, let’s carry the spirit of appreciation and reflection with us. EFBC is not just a business group; it’s a community built on support, collaboration, and shared aspirations. Thank you for being a part of our remarkable EFBC family.

Wishing you all a joyful holiday season!

Dave Horvath
EFBC President 2023-2024

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A Season of Growth – Letter From The President

Dear EFBC Members,

With October ending soon and us moving towards November, we find ourselves in a season of focus and determination. It’s a time for Midwesterners to buckle down and turn their attention to business strategies and plans for the year ahead. Here’s what’s happening in our EFBC community this November.

For those who participated in our forum retreats last month, November presents the perfect opportunity to put those newfound leadership skills and perspectives into action. Take the insights gained from your retreat experiences and apply them to your daily endeavor’s family & Business. Let this be a season of growth, both personally and professionally.

As we dive into November, here are a few key highlights to look forward to:

  • Leadership 2.0 ends tomorrow, Oct 25th
  • Nov 2nd Sales and Marketing round table
  • Nov 8th finance round table
  • Nov 15th Flex Forum

Keep an eye on our event calendar for details on these opportunities to connect with like-minded professionals.

As we move forward into November, let’s remember that our strength lies in our collective determination and dedication. EFBC is more than just a business group; it’s a community that supports, empowers, and uplifts one another.

Thank you for being an integral part of our dynamic EFBC family. Your contributions and commitment are the driving force behind our shared success. Here’s to a focused and productive November!

Dave Horvath
EFBC President 2023-2024

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Propelling Ourselves Toward Success At the Year’s End

Dear EFBC Members,

As we find possible hopes for a Bears Super Bowl diminishing, we pivot forward to the classic Chicago Marathon on Oct 8th to highlight our city. As EFBC business leaders we find ourselves in the final stretch of the business year. October marks the beginning of the last quarter of 2023, and it’s the perfect time to refocus our efforts, set our sights on year-end goals, and finish the year stronger than ever.

Q4, Finish Strong! Now is the time to double down on our efforts and work collaboratively to achieve our year-end goals. Let’s harness the energy of the season to propel ourselves toward success. Whether it’s meeting sales targets “Always be Closing (DTW)”, launching new projects, or achieving personal milestones, let’s approach this final quarter with determination and enthusiasm.

October is a special month for many of our forum groups as they embark on their yearly retreats. These retreats provide an invaluable opportunity for members to step back from their day-to-day routines, gain fresh perspectives, and engage in meaningful reflection. We encourage all members to make the most of these retreats and return with renewed focus and clarity.

DePaul’s Coleman Entrepreneurship Center 20th Anniversary Celebration – October 17th We are excited to join our friends at DePaul’s Coleman Entrepreneurship Center in celebrating their 20th anniversary on October 17th. Over the years, this center has played a pivotal role in fostering entrepreneurship and innovation in our city. This milestone is a testament to their dedication and impact on our business community. Please join us in congratulating them on this remarkable achievement.

EFBC Fireside Chat Series – October 26th We’re delighted to announce the kickoff of our EFBC Fireside Chat conversations on October 26th at the beautiful Morton Arboretum. Our first guest is the renowned author Pete Wilkins, who will be discussing his latest book, “Purpose First Entrepreneur.” This promises to be an inspiring evening filled with insights and thought-provoking discussions. Make sure to save the date and view the event page for further details on registration.

As we embrace the opportunities and challenges that October brings, let’s remember that our strength lies in our unity and commitment to each other’s success. EFBC is not just an organization; it’s a community of driven professionals who support, inspire, and empower one another.

Dave Horvath
EFBC President 2023-2024

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End of Summer New Beginnings

EFBC President, Dave Horvath, shares a few words this month about the transition from Summer to Fall and all the exciting things that come with it!

Dear EFBC Members,

As the vibrant colors of summer give way to the warm hues of autumn, we welcome September with open arms. With the start of a new season comes exciting opportunities and events for our EFBC community. Here’s what’s in store for the month ahead.

Summer Farewell and Celebrations: As the summer sun sets on another remarkable season, we extend our heartfelt appreciation to all members who joined us for the memorable summer social event at Avli on the Park. The evening was filled with laughter, camaraderie, and the joy of reuniting with fellow members. With just over 100 attendees, it was a beautiful occasion to celebrate Andy and his outstanding contributions during his presidency. The event not only marked the end of summer but also showcased the unity and strength of our EFBC family.

Celebrating Milestones: Let us also join hands in recognizing the remarkable journey of Mike Moran, who has been a valued Strategic Partner for an impressive 15 years. Mike’s dedication, insights, and unwavering support have been instrumental in our collective growth and success. We look forward to celebrating this incredible milestone with Mike and expressing our gratitude for his longstanding commitment to EFBC.

Upcoming Events:

  • Leadership Application Course 2.0 Kick-Off – September 20th: We are excited to announce the commencement of our Leadership Application Course 2.0 on September 20th. This transformative program is designed to equip participants with the skills, knowledge, and strategies necessary to excel in leadership roles. Whether you’re an aspiring leader or seeking to enhance your existing leadership skills, this course is tailored to meet your needs. Don’t miss this opportunity to elevate your leadership journey.
  • Community Engagement Forum – September 26th: Mark your calendars for September 26th as we gather for a Community Engagement Forum, a biennial tradition that fosters open dialogue and collaboration within our EFBC family. This forum provides a platform to exchange ideas, address challenges, and collectively contribute to the growth of our community. Your active participation is highly encouraged, as your insights and perspectives play a crucial role in shaping our shared future.

As we move forward into September, we remain committed to advancing our goals, supporting one another, and creating an environment that encourages learning, growth, and innovation. EFBC is more than just a business group; it’s a community of professionals dedicated to mutual success and progress.

Thank you for being a part of our dynamic and engaged EFBC family. Your presence and involvement are what make our community truly exceptional. Wishing you a fulfilling and inspiring September ahead!

Thank you!

Dave Horvath
EFBC President 2023-2024

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Hello EFBC

Dear EFBC Members,

Summer Greetings to all EFBC members! As the warmth of the season envelopes us, we hope you are finding time to relax, rejuvenate, and spend quality moments with loved ones. August marks the peak of summer, and we have some exciting updates and events to share with you.

First and foremost, we would like to extend our heartfelt congratulations to our outgoing President, Andy. His dedication and leadership have been instrumental in guiding EFBC to new heights during his tenure. To honor his contributions, we will be hosting a special event on August 2nd, where we can come together to express our gratitude and bid him farewell. Please mark your calendars and join us in celebrating Andy’s achievements.

We are thrilled to announce that I will be assuming the role of President for EFBC in 2024. It is an honor to serve such a vibrant and dynamic business community. I look forward to working closely with all of you and continuing the legacy of excellence established by our past leaders. Together, we will strive to further elevate EFBC and foster an environment of growth and success.

In preparation for the upcoming year, we have assembled a strong team of professionals who will be working alongside me to shape the future of EFBC. Let us extend a warm welcome to Darrin, Bob, Marybeth, and Marcus, etc, who have graciously accepted their respective positions. Their wealth of experience and diverse expertise will undoubtedly contribute to the overall success of our organization.

Looking ahead to 2024, we have already begun the strategic planning process for EFBC. My primary focus for 2024 will be to investigate option for EFBC geographic expansion, as we aim to extend our reach to new markets and communities. By expanding our presence, we can create more opportunities for collaboration and growth, fostering a thriving business ecosystem for our members. We will keep you updated on the progress and initiatives related to this strategic endeavor. For more information on the strategic planning initiatives for 2023 please click here.

As always, we encourage all members to actively engage with EFBC. Your feedback, suggestions, and involvement are crucial in shaping the direction and success of our organization. If you have any ideas or initiatives you would like to propose, please feel free to reach out to me or any member of our leadership team.

Finally, we would like to express our gratitude to each and every one of you for being a part of the EFBC family. Your unwavering support and participation have been the driving force behind our accomplishments. We are excited to embark on this journey together and create an even more prosperous future for EFBC and its members.

Wishing you all a fantastic August filled with joy, relaxation, and memorable moments. We look forward to seeing you at the upcoming event for Andy on August 2nd.

Dave Horvath
EFBC President 2023-2024