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Family of four posing for photo at a workplace.

Family Business Breakfast:

Positioning Now for Future Downturns

2008. 2020. Two years that forever represent economic declines, and for many family businesses, severe negative impacts for the future. The events of these years hit businesses without enough time for most to steady themselves, forcing struggles, tough conversations and ultimately hard business decisions.

Our panel includes Scherer Bros. Lumber Co. COO Mark Scherer, discussing the drastic changes his family business made post-2008, and how that’s helped steady the business for our current realities. He’ll be joined by Mike Herman, CEO of Driessen Water, Inc., discussing how he’s navigated the family business through this crisis with both the employee base and the shareholder family. Moderated by the Family Business Center’s Dr. Mary Daugherty, we’ll blend the experiences of these family businesses with Daugherty’s financial expertise to help business leaders make the right decisions for now and any future downturns.

Families attending this event will learn ways they can reposition the business for the future, how to have the right conversations with family and employees, and when the hard decisions need to be made.

Panelists

  • Mike Herman, CEO, Driessen Water
  • Mark Scherer, COO, Scherer Bros. Lumber Co.

Moderator

  • Mary Daugherty, Ph.D., University of St. Thomas

Note to advisors: This event is only open to members of family businesses. Please forward to any clients it may help.