Investing in the next generation’s development and education are key for any family business that wants to survive beyond the current generation. The NYC Family Enterprise Center (NYCFEC) begins its fall educational programs in September with a variety of sessions to help family members prepare for and effectively manage their current and future responsibilities.
Queens Chamber of Commerce members get discounts using code QCC051. Sessions are led by experts from around the country and family members from inspiring, successful family businesses.
Sessions are confidential, small and private, so you can feel safe discussing any of your challenges or raising questions throughout sessions. You do not have to disclose your full name or identify your family business during the session, and there is no commercial influence, selling or solicitation of any kind allowed.
26th – NYCFEC NexGen Meeting (6 to 7:30 p.m.)
4th – NYCFEC Elective: Family Business Trusts and Trusteeship Part I (9 a.m. to Noon)
11th – AM Series: Raising Family Business Children – 9 to 11 a.m.
17th – AM Inspirational Series: Succession Planning for a Global, Family Business with Family Business Tour (8:30 to 10:30 a.m.)(SEE BELOW)
17th – AM Series: Making Family Decisions Together (10:30 a.m. to Noon)
25th – NYCFEC Elective: Family Business Boards Part I (9 a.m. to Noon)
1st – NYCFEC Elective: Family Business Trusts and Trusteeship Part II (9 a.m. to Noon) 9th – NYCFEC Elective: Recruiting Family Business Leaders (9 a.m. to Noon)
15th – NYCFEC Elective: Family Business Boards Part II (9 a.m. to Noon) 29th – NYCFEC Elective: Transferring Your Family Business (9 a.m. to Noon)
If you are interested in learning more about programs or joining our community, a NexGen or senior generation special interest group, please contact us at firstname.lastname@example.org or call (212) 889-8332. For updated information on programs, visit nycfec.org.
D’ADDARIO TO LEAD TOUR OF STRING FACTORY
At the “Succession Planning for a Global Family Business” session on October 17, John D’Addario III will share his insights into how his global family business thinks about and undertakes succession planning from one generation to the next.
D’Addario is the president of D’Addario & Company, and part of the ninth-generation of D’Addario string makers. He represents the fourth generation of the family business in America.
The D’Addario family immigrated from Salle, Italy, to Astoria in the early 1900’s, continuing their family’s long tradition of making strings for musical instruments since the 1600’s.
Through the centuries, generations of family members worked together making strings from sheep and hog guts for many types of musical instruments. With innovations using synthetic materials and highly engineered processes, D’Addario produces the finest products for string, drum, wind and other instruments.
The company markets its products in the United States through wholesale distributors and over 5,400 retail music stores. In addition, the export markets are handled by hundreds of distributors in over 120 countries.
D’Addario has become the world’s largest designer, manufacturer and distributor of musical instrument accessories today. After almost ten generations of string making, 15 family members work for D’Addario & Company today.
The program also includes a tour of the stringmaking process, immediately followed by a special session at 10:30 a.m. on “Making Family Decision Together” led by Barbara Hauser, an internationally known leader in family governance.
Who Should Attend
Family members (couples, husbands, wives, grandparents, next generation,), CEO’s, board members, and trustees, whose family business is based in the greater New York City area, or whose family business is based elsewhere, but live in the greater New York City area.
QCC Members receive a 25 percent discount on the event using code QCC051. A light breakfast is included. No solicitation is permitted.
D’Addario & Company is located at 595 Smith Street in Farmingdale, New York. To register and for more information, click here.