Establishing a family council can be a great way to improve communication and decision-making within a family. Here are some steps you can follow to establish a family council:
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1. Start by discussing the idea of a family council with all members of the family. It's important to get everyone on board with the idea before moving forward.
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2. Define the purpose and goals of the family council. This could include things like improving communication, resolving conflicts, and making decisions together as a family.
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3. Set up a regular meeting time and place for the family council. This could be once a month or more frequently, depending on your family's needs.
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4. Determine who will be part of the family council. This could include parents, children, grandparents, and other extended family members who are important to your family.
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5. Create an agenda for each meeting that includes items for discussion and any decisions that need to be made.
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6. Encourage everyone to participate and share their thoughts and ideas during the meetings.
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7. Establish ground rules for the family council, such as respecting each other's opinions, listening without interrupting, and keeping discussions confidential.
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8. Keep minutes of each meeting to track decisions made and progress towards the goals of the family council.
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By following these steps, you can establish a family council that will help improve communication, build stronger relationships, and make better decisions as a family.
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This blog is part of a six-part series. Check out the other blogs here:
1. When Should a Family Business Set Up a Board of Directors?
2. When Should a Family Business Set up a Family Council?
3. How Do You Establish a Family Council?
4. What Is a Sample Agenda for a Family Council Meeting?
5. How to Benchmark Pay Rates in a Family Business
6. What is a Succession Planning Roadmap for a Small Family Business?
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I hope this blog gave you some insights on setting up a family council for your family business. If you need guidance along the path, give me a call! I'd love to help coach you through a plan that works for you. Book a call.