Research indicates family businesses consistently out-perform non-family businesses in terms of return on investment and market value.
So what are the advantages available to a family business that can make them more successful?
FBA's Family Business Essentials Workshop will provide you and members of your family with the opportunity to spend a three hour session focusing on the health of your family business, where you want to be and how you can harness your distinct competitive advantage to reach your goals. In this interactive session, you will use the family business diagnostic tool to identify areas of your business that need attention and help guide you in the direction of forming relevant strategies and action plans moving forward.
Workshop outline
- Identify family and business as interconnected systems which need differing approaches to maintain performance
- Understand the structures and processes that will professionalise your family business
- Complete a diagnostic on your family business and devise strategies and actions for your family business
Content
- What makes a family business different
- The competitive advantages of family businesses
- The 3 intersecting elements of family business – family, business, ownership
- The conflicting systems of “family” and “business”
- Family business values
- 9 Key success factors for a family business
Key learnings
- Understand the key elements of a successful family business
- Identify how those key elements apply to your family business
- Identify areas of your family business that require focus and set priorities
- Develop an action plan to take back to your business to refine and implement
Who should attend
- All members involved in strategically guiding the family business
- Family businesses that do not have the wisdom of previous generations to draw upon
Facilitator: Jo Clayton
Jo is an experienced Director, Facilitator and Advisor who works primarily with privately owned businesses. She has been the Director of Leadership Development Programme at The Icehouse (Auckland University's business growth centre and partner to Owner Manager Australia) for over 15 years.
Jo is a Chartered Member of the Institute of Directors and an Associate of The Boardroom Practice Ltd which conducts reviews of board effectiveness and offers training and advisory for boards and directors. In addition to holding a number of board roles herself, she advises companies on their governance structures. She builds lasting relationships with clients, enabling them to take a more proactive approach to managing their businesses and leading their people in order to build the sustainability of their business.
Jo has worked with some significant family businesses in New Zealand including The Giltrap Group, Saint Clair Family Estate and Mulcahy Engineering. She understands the issues family business owners contend with, such as having to manage the day to day business whilst juggling family dynamics.
“While many business leaders have a good grasp on what they need to do, they need some support to make it happen and to build the disciplines that sustain growth” Jo Clayton, Acumen International
Many of Jo’s clients have enjoyed significant growth whilst working with her. She helps them ensure the right building blocks are in place, become laser-focused on the current and future needs of their customers, and build significant capability into their leadership teams.
Those eligible to register for this event
- FBA Family Business Member. This workshop is free for FBA members.
- Family Business Non-Member. For non-members, the $195 workshop fee is redeemable if you join FBA within 7 days of attending the workshop.
Note: This is a family business only event. Advisors should not register to attend.
Click here to view the terms and conditions.
