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Best Practices

Starter Kit: Helping Your Family Business Be The Best it Can Be

AFBG

July 31, 2013

The Aspen Family Business Group serves as a resource to help families create an environment in which members are open and willing to learn and grow.

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About this publication

The Aspen Family Business Starter Kit is designed to give you information and tools to address family business challenges. The exercises are designed to support your family as you develop the qualities that are characteristic of healthy family businesses.

You will gain tools to:

  • Implement a structured approach to holding family meetings to improve family and business communication.
  • Develop a family mission statement and a values statement. These statements and the exercises to create them enhance decision-making and define internally and externally why you are in business and what your family business stands for.
  • Work together as a team to develop a family employment policy that provides a framework for the next generation and ensures that the business will have the skills and competencies for future success.

The Kit is divided into modules. Each module provides an overview of the topic, an explanation of why it is important to family business success, how-to exercises, and examples to help you get started. For the greatest success we recommend that you complete the three modules in order.

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About the contributor(s)

Aspen Family Business Group

The editors

This is a collaborative resource, created by the staff and/or board members of Aspen Family Business Group.

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