“Larry is very talented in facilitating family business meetings and makes sure the family is focused and talking about the right issues rather than operations or personal agendas. When we first met Larry nearly 9 years ago, we accomplished more in our first meeting with him than we had in 20 years of combined meetings. Our founder was considering giving up ownership to key employees at that time and Larry worked with us to identify other opportunities for key members of management so that we didn’t have to give up control. He helped us put the Balance Point System to work for our business which we have been using for over 6 years now. We continue to use Larry for our annual family business meetings to keep us on track and challenge us to be better owners.”
“Larry is a trusted and knowledgeable advisor. I am very thankful for his guidance in navigating us through the process of transitioning our family owned business from a founder led organization into an owner-board-management system of corporate governance. This transition was very daunting since there are so many familial and company factors to consider; we could not have implemented this organizational and cultural change without Larry’s direction and insight. I am delighted that my Grandfather’s legacy and vision for the company that he built has been preserved.”
“Being faced with the seemingly insurmountable task of leading the charge for a transition and leadership change after losing our father and founder of EDCO, Larry was our beacon and guide. With his OBM methods applied, we have all embraced our new normal. Thanks to him, we plowed through succession issues, family dynamics as it related to our company, and the future legacy we wanted to preserve.”
The positive ripple effects of all the lives you’ve touched will never be fully known. Deep thanks for your generous and positive impact on me!
Larry – Where to begin… I am amazed or dazed by how this change is unfolding. It is simply beautiful! Your guidance, coaching, and unwavering focus on our needs and desires has seen us through. Your ability to setup the change, present the new system, and handle all the dynamics/behaviors in between has made this all possible. We are grateful for your role in this change.
Thank you for leading our productive meetings the past two days and forming a positive momentum for our work ahead. I am very pleased with all that we accomplished and impressed with your commitment to keep us focused and on task. Thank you for dealing with our dynamics and handling us each individually with attention and respect. I have heard all positive comments from family members about the work we are doing with you. Everyone is pleased with your leadership.
I truly believe that I have received great comfort as I have moved forward personally and professionally in implementing the program and process developed. The bottom line is that we are following the plan put forward by Larry and team and I personally am pleased with the results.
“The Board’s Role in Preparing a Private Company for a Change in Ownership”
- Terrific format
- Very informative
- Excellent discussion with practical good ideas to maintain company health and family cohesiveness
Thank you for your appearance at the Closely Held Business Conference last week. I enjoyed working with you and we greatly appreciate your involvement. The course was a big success in terms of attendance and feedback from attendees. Your evaluation scores and comments are below (and your score was among the highest of the day):
Fight, Flight, Freeze or Fawn 6.7 (7 point scale)
- This was fascinating and thought provoking. Thank you! Excellent interactive format and exchange of ideas.That’s what CLE should be all about!
- Excellent idea for discussion, but one hour isn’t enough.
Thank you again for serving as faculty at the program. We really appreciate it, and I hope we can call on you again in the future.
“Chicken Soup for Family Shareholder”
Very Educational – We are currently looking at some re-structuring of shareholding for our company (for investor purposes) – This was very timely.
As you know, I have used your Balance System for the past several years. You may recall that I am a trustee of a trust that owns a business with about $60 million in revenue. I am also on the board of that company. As the technical “owner” of the business, I needed to make sure that there was a proper balance between the interests of the beneficiaries of the trust as the “true owners”, the trustee representing the income and remainder beneficiaries, the Board and Management.
After reading your book and some of your articles on these matters, I drafted an Owner Plan to make clear the needs and expectations of the owner as to the business’ future. Then I shared that with the Board and Management for their input, questions and clarification. This led to an excellent discussion and understanding between the three parties and preceded the final draft of the plan. We have had this in place since 2006 with some revisions during that time. It has been a great tool for decision making during the good business years, the Great Recession, and the slow recovery years since then.
So thank you for sharing your system with me and helping me in the drafting and implementation of the Owner Plan for the company.