Family businesses face unique challenges.
Family businesses require unique solutions.
“Standard” textbook solutions to tough family business issue just don’t work.
To find practical advice to the family business issues you face,
you need “real-life” solutions from other family businesses.
Overcome
Isolation.
Being a member of a family business can often feel lonely and isolating. Family business issues seem different. Family business peer groups provide an opportunity to discuss the important issues that are relevant to only them. Family business peer groups provide members a safe and confidential setting to identify and discuss important business issues.
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Sounding
Board.
Our monthly meetings bring together small groups of family business members who act much like an informal board of advisors. Family businesses face unique challenges and have concerns that only our peers can really relate to. Peer Groups provide a powerful opportunity to gain insight from others who face similar issues and concerns.
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Thinking
Strategically.
Sometimes we get too caught up in the day-to-day running of our businesses to step back and look at the big picture. Your peer group can help you turn your focus away from the day-to-day issues and look at the bigger strategic direction of the business. Further examining the issues others face, helps put your concerns in a new light, with a fresh perspective.
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Peer Groups provide a forum for business owners and emerging leaders to meet and discuss their challenges and opportunities with their counterparts in a confidential setting.
Peer Groups provide feedback and advice from an informal Board of Advisors, while at the same time providing an opportunity to acquire new critical thinking and problem solving skills.
Peer group members benefit with an opportunity to:
• Share, learn and grow in a safe setting
• discuss issues that are “undiscussable” in their own firms
• seek advice and help solve problems
• to give advice and support while others discover solutions to their problems
Peer Groups are confidential groups of 10-15 family business members, meeting on a regular basis, to discuss matters of business and personal interest. Issues are determined by the groups and cover a wide spectrum of topics.
Regular topics:
• Strategy development
• Financial reporting
• Succession planning
• Conflict resolution
• Leadership development
• Compensation issues
• Sibling rivalry
• Hiring of family members and non-family employees
• Growth strategies; acquisitions, risks and rewards
• Board of Advisors
• People leaving the business and then coming back
• What to do when family members aren’t carrying their own weight
• How to bring our people on board with change
Nothing beats the opportunity to interact, socialize, and share ideas
with other family members and owners.
We think of it as “members helping members”.
Where Education and Experience Meet
For more information about joining our Peer Groups
Call Ted Clark, Executive Director
617.373.7031
Northeastern University
College of Business Administration
Center for Family Business
209 Hayden Hall
Boston, MA 02115-5000