RoadMap

RoadMap I

  • Interdependence of our family, our ownership and our business entities
  • Our three circle model
  • Relationship transitions for members of our business family 
  • Our family member’s relationship spiral 
  • Different ownership options 
  • Our ownership option tree
  • How members of the business family can work with each other 
  • Guiding principles for managing conflicts

RoadMap II

  • Interdependence revisited
  • The three circle model of the family legacy 
  • Values and beliefs
  • The planning process for our business family
  • Developing a planning process for building a sustainable future
  • How can we as a business family organize and structure ourselves
  • Our governance structures

The many benefits of participation include:

  • Improved communications through adopting a common vocabulary
  • Provision of perspective and appreciation of the roles of all family members
  • Creation of a strong connection with peers and family members
  • Understanding of individual needs and priorities and how to merge them with the family business structure 
  • Clarification of family business values and their impact on decisions
  • Synergism; gets everyone going in the same direction
  • Understanding of the importance of process and working through it
  • Awareness of governance structures to help organize decision making
  • Understanding of the succession planning process 
  • Delivery of an action plan for growth and change

Ensuring Success Down the Road

Developed by the Business Families Foundation, RoadMap is designed to blend family needs with business demands. Participants learn to communicate more effectively and understand more fully the different points of view of family and others involved in the business. The program is sensitive and respectful of individual and family issues. Facilitators create a space and framework for constructive and meaningful change.

The development, nurturing and success of the business family comprise a journey of discovery: one that stems from the vision of a founder, who, through risk and hard work, builds a successful family business. Following generations inherit this legacy, along with the challenge to carry it forward.

The RoadMap program has business prosperity and family success as its destination. Each module addresses potential issues, trends, opportunities and challenges. Participants learn how to recognize and avoid roadblocks, blind turns and dangerous potholes. The course delivers all the tools and skills necessary in order to enable a business family to navigate the road ahead and continue their journey safely.

Attendance

We recommend that each family be represented by both genders and two generations, ideally including all members of the family business enterprise:

  • Founders and owners
  • Successors and others working in the business
  • Non-active family members
  • Husbands and wives of all of the above

Presentation

The program is offered in a variety of formats to accommodate the schedules and geographical limitations of participating families. RoadMap normally includes 35 hours of learning over two weekend sessions of 17.5 hours each.