Have you ever wondered how successful family businesses manage to find ways to mix the money side of life with the life side of life? And to do it generation after generation?
Well, here is a tool many successful family business owners employ to find that golden path. It’s called a family meeting.
Just like a workplace, where the people involved in the day-to-day operations interact constantly, family members are always in each other’s space. But, just like a strategic planning session for business, once in a while family members can benefit from an off-site discussion about big-picture issues.
One agenda for a family meeting is goal setting. The idea is for each member of the clan to get some air time to outline their personal goals.
This is not about mom or dad passing judgement on those objectives – they belong to the individual. But it is a whole lot easier for everyone in the group to help siblings achieve life objectives if they know what those goals actually are.