During its life cycle, every
business comes to a fork in the road at least once, facing a decision whether
to find a successor owner or to continue to operate their business. Join
our panel of two businesses’ owners who will discuss their reasoning as they
came to their forks in the road, and how each chose a different path.
Rich Potash and Rob Potash
Rich and Rob Potash are brothers and co-owners of CSMi Computer Sports Medicine Inc, located
in Stoughton, MA. Established in 1982 by Rich Potash, CSMi manufactures
and markets computerized measurement, training, and documentation products to
the athletic training, exercise science, and physical therapy markets
worldwide. Rich and Rob will discuss how
the company started and the challenges they faced, as brothers, around business
strategy, management of key employees, decision making issues, and the forks in
the road - the drivers of which led Rich and Rob to find outside consultation, with
multiple advisors, to resolve major issues. Their portrayal will explain why their
journey to deal with conflict was worthwhile and how their business and
personal relationships have improved significantly as a result.
Paradise, Founder and President, Family Business Resource Center, Strong Families Make Strong Businesses, has counseled and coached owners and key managers in family and closely-held enterprises for over 30 years. David Paradise was the
consultant to this client. David will facilitate the CSMi
portion of the program.
Jim M. Kaloyanides and Jim
Jim and Jim Kalovanides are father
and son representing New England Coffee Co. which was owned by a
third generation of the Kaloyanides and Dostou families. The company has
been a leading provider of coffee products and service for over 95 years.
The business faced recent forks in the road including bringing in a non-family
president and making the decision to sell. The Kaloyanides father-son team
will share the perspectives of two generations as they addressed and managed
these two opportunities.
President of Transition Consulting Group, is a consultant to family and closely held businesses and works
with his father in their family business consulting practice. David and
his father have known the New England Coffee family for over 20 years. David Karofsky will facilitate the New
England Coffee portion of the program.
The presentations will highlight lessons
learned, and help advisors address similar business ownership and conflict
management issues. Advisors for family
wealth management, trust and estate attorneys, litigators, CPA's, family
business advisors and consultants, mediators, academic researchers, bankers,
and other consultants will find these two case presentations informative and
very useful in their engagements and advisory services.