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| Who Should Attend? Individual Family Business Retreats usually last one full day and should be attended by all family members who are directly involved with the company and their spouses. Also in attendance should be all those who are financially involved, but not necessarily physically involved in the company. Roger J. Warrum, President of the National Center for Family personally facilitates all of these meetings. |
| What Do We Need To Bring To The Retreat? You need to bring your ideas, your vision and an open mind. |
| Where? The retreat should be held away from the physical location of the company. Preferably at a hotel, family summer home or some other setting where all participants are removed from the work environment, where they can concentrate on the purpose of the retreat, and at the same time, take a little time to relax and enjoy the family. |
| When Should Retreats Be Held? Individual Family Business Retreats should be held at least once a year. This gives everyone a time-table to work with and the knowledge that there will be a platform in which they can air their views, discuss their ideas and see how the action plans from the last retreat have been implemented. |
| Why? It is easy to lose your focus when you are dealing with the day to day activities of a business. You begin to spend more time putting out fires than growing the bottom line. The purpose of the individual family business retreat is to have a meeting of the minds. To insure that all those involved, either directly or indirectly, have the same understanding of where the company is today and where it is going. To re-focus and re-energize and redirect the energies of all the decision makers back onto the same track in order to take the business to the next level. |