These teams consist of 8-10 FBA VI members in non-competing industries. Each team is limited to one Advisor Member with the balance being from a family business. No two members of the same family business are placed in the same team. Each group hosts structured three-hour monthly meetings where commitment is paramount to group success.
Each group names a moderator from their membership and other tasks of the group are decided upon as needed. The members collaborate on what will work best for them in terms of meeting flow, content, presentations and group dynamics. Most importantly, they have the opportunity to bring their challenges to the table. Insight is gained by hearing from others who have had similar experiences.
One annual weekend retreat provides the opportunity for personal and professional development with team building. As a group, the members decide on the best ways for them to address their individual and mutual goals.
The teams serve as your own mini board of directors, supporting you in your challenges and opportunities as a family business. Members leverage the perspectives of other family businesses, industries and generations.
We encourage all family business members to join a Family Business Advisory Team. This is their unique opportunity to learn from each other, to work on their family business in a special way and to have the security of confidential discussions in a trusting and inviting environment. Many members of family businesses feel alone and these groups end the isolation because those in the group understand that operating a family business brings its unique challenges.
The experiences from those who have been there on topics like working with the family, managing the business and succession are among the areas discussed.