Know the Ropes for Successful Family Meetings
According to Steve McClure, a member of the Family Business Consulting Group, the secret to successful family meetings are achieved by “knowing the ropes.” Dr. McClure explains the “Ropes” as follows:
R We will all show respect for one another, displaying the same courtesy we show to our customers.
O We will be open about our ideas and opinions and will be open to those of others.
P Everything said in the meeting will be kept private unless all agree to do otherwise.
E No topic will be discussed unless everyone agrees to do so.
S We will support one another, meaning no one leaves feeling victimized, picked on, etc.
Articles purchased or downloaded from Family Business Consulting Group® are designed to provide general information and are not intended to provide specific legal, accounting, tax or other professional advice. Since your individual situation may present special circumstances or complexities not addressed in this article and laws and regulations may change, you should consult your professional advisors for assistance with respect to any matter discussed in this article. Family Business Consulting Group®, its editors and contributors shall have no responsibility for any actions or inactions made in reliance upon information contained in this article. Articles are based on experience on real family businesses. However, names and other identifying characteristics may be changed to protect privacy.
The copyright on this article is held by Family Business Consulting Group®. All rights reserved.
Articles may be available for reprint with permission. To learn more about using articles for your publication, contact email@example.com.