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:
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.
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.
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.
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.
5. Create an agenda for each meeting that includes items for discussion and any decisions that need to be made.
6. Encourage everyone to participate and share their thoughts and ideas during the meetings.
7. Establish ground rules for the family council, such as respecting each other’s opinions, listening without interrupting, and keeping discussions confidential.
8. Keep minutes of each meeting to track decisions made and progress towards the goals of the family council.
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.
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?
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.