Successful Family Meetings
Apr 06, 2010
Don’t let the formality of a ‘family meeting’ stop you from reaching your succession planning goals. Given the slim probability of success without good communication - and the high cost of failure - family meetings are essential to generate results.
Use The Family Meeting guide to plan for the initial gathering, and then use it throughout the process to keep everybody informed and engaged.
Be mindful to:
- Listen and understand
- Drop all preconceived ideas
- Define a decision-making process
- Agree on a method for dispute resolution
- Create meeting agendas
- Always end with a scheduled follow-up/next step
Learning how to manage a meeting as a family, business associates or as a team is a very useful skill to develop. No one likes a wasteful meeting. We all welcome the time to share ideas, take action, debrief results or solve something. Meetings provide the perfect forum for communication across a group.
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