Loyola University Chicago

Loyola Business Leadership Hub

Housed in the Quinlan School of Business

Family Business Peer Groups

Family business support

Family business peer groups meet to discuss subjects of mutual interest. Moderated by professional facilitators from the Center, these confidential forums act as a personal board of advisors, providing a committed group of peers with family business support and peer to peer learning.

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How are family business peer groups structured?

Family business peer groups are made up of 8-10 people. Participants are assigned to a group based on their lifestage and their role within their business and/or family. Each group is responsible for defining their own learning goals and purpose. They meet an average of 6 times each year for approximately 4-6 hours. Dates, times, and locations are agreed upon by group members. As a rule, family members and competitors are never grouped together.

What’s expected of group members?

Upon joining a family business peer group, participants will be asked to make a minimum two-year commitment. Beyond this, they will be expected to participate in the co-creation of content (topics, ideas, concepts, etc.); remain open, honest and willing to share; and hold themselves and others accountable to the group’s agreed upon meeting schedule.

What’s the role of a peer group facilitator?

Each family business peer group is moderated by a professionally trained and certified facilitator. The facilitator’s primary role is to lead group meetings and hold group members accountable to each other. Facilitators are also responsible for securing guest speakers, coordinating meeting logistics, and administering the group’s annual assessment survey. Lastly, participants meet one-on-one with the facilitator twice a year to discuss their group experience.

How is the Family Business Center involved?

The Family Business Center 1) oversees the peer group facilitator as they serve their group, 2) provides resources to group members such as reading materials, subject matter expert referrals, and best processes, 3) compensates and offers continuing education to group facilitators, and 4) offers administrative and structural support as needed.

Questions about family business peer groups?

To learn more about our family business peer groups, contact Anne Smart, Family Business Center Director, at 312.915.7738 or asmart@luc.edu. To download an info sheet about our family business peer group program, click here.