Family Business Ownership Meetings

This page has an agenda for a 2-hour monthly ownership meeting and a One-Day strategic ownership meeting.

Monthly ownership meeting - 2 hours ideally not at the business or anyone’s home

·         Start on time

·         Warm up – each person shares:

•        Something they appreciate that the person to their right has done in the last month

•        What they want from the meeting today

·         Review your 90-day goals - everyone reports if they are on track or off track (if not, add to the list of things to be discussed)

·         Review to-do list since the last monthly meeting - are to-dos done or not done (if not done, add to the list of things to be discussed)

·         Discuss what needs to be discussed

•        Start with the most important items and move to the least important

•        If financials need to reviewed, do so (avoid the desire to spend all of your time on this)

·         Make sure everyone knows what their to-dos are

·         Make sure there is a plan to share any decisions you made in this meeting

·         Make sure everyone is clear when the next meeting is

·         Rate the meeting 1-10

·         End on time

One-day strategic ownership meeting - not at the business or at anyone’s home

•        Start on time

Warm up – each person shares:

•        Something they appreciate that the person to their right has done in the last month

•        What they want from the meeting today

•        Your 90-day goals are due today - go through them and report if they are done or not done (if not done put on the list of items to be discussed)

•        Review your ownership plan

• Are the guiding principles still true?

• Is this still your legacy?

• Is this still where you want to be in 10 years

• Is your ownership philosophy still true?

• Is your plan still the right plan?

•        Answer this question “what else do you need to solve for all of this to be true?” Put those items on the list of things to be discussed

•        Set the date for your next one-day strategic meeting as close to 90 days from now as possible

•        Create your next set of 90-day goals (make sure they are specific and attainable and one person owns each one)

•        Discuss what needs to be discussed

• Start with the most important items and move to the least important

• If financials need to reviewed, do so

•        Make sure everyone knows what their to-dos are

•        Make sure there is a plan to share any decisions you made in this meeting

•        Make sure everyone is clear when the next meeting is

•        Rate the meeting 1-10

•        End on time