Family Business Stewardship Institute
Education and training for family business management
Our next class is scheduled to kickoff March 8-9, 2021.
The Family Business Stewardship Institute (FBSI), prepares family business owners, shareholders, and stakeholders (including non-owner spouses and future owners) for effective stewardship of their family enterprise and for the significant and sometimes unpredictable transitions and decisions that must be made to determine the success and continuity of the family business.
COVID precautions and meeting info
FBSI meets 6 times over the course of 18 months. The 2021 cohort will meet virtually for the first two modules (March 8-9 and June 7-8 or 8-9). The third module is scheduled for the week of September 13-15 and depending on where things stand, we may try a blended meeting. We will try to move to in-person meetings as we are able while providing a dual experience (hybrid) for people on Zoom. If and when meetings take place in-person, we will follow the legally mandated and medically advisable guidelines for the City of Chicago for public health and safety.
FBSI is designed for family business owners, shareholders, and stakeholders (including non-owner spouses and future owners) looking for ways to ensure effective stewardship of their family enterprise.
MODULE 1: Managing Relationships
- Understanding Yourself and Others
- Life Stages
- Family Dynamics and Genograms
- Difficult Conversations
- Family Cohesion
- Conflict and Conflict Resolution
MODULE 2: Governance
- Business and Ownership Governance
- Leadership, Accountability, and Governance
- Implicit to Explicit Governance
- Models of Family Governance
- Creating a Governance Plan
MODULE 3: Leadership
- Defining Leadership
- Vision and Values
- Responsible Leadership
- Leadership and Team
- Managing Change
- Creating Accountability
MODULE 4: Finance
- Accounting and Financial Analysis
- Planning and Investments
- Business Exit Strategies
MODULE 5: Strategy
- Strategy Basics
- Risk and Resiliency
- Family Strategy
- Business Strategy
- Personal Strategy
MODULE 6: Transitions
- Keys to Transitions
- How Will You Measure Your Life and Gratitude
- Defining Personal Success
- Working with Advisors
No other program out there offers this level of comprehensive family business education. Thought leaders, subject matter experts, and live case studies, along with confidential peer-to-peer learning, are all here to help you develop a set of tools and resources to foster responsible and effective stewardship. Take what you learn and help steer your family business to an even brighter future.
The goal of the program is to provide you with a comprehensive look at six key areas of family business: relationships, governance, leadership, finance, strategy, and transitions. During meetings, you will look closely at how each of these areas plays a vital role in healthy and successful family businesses. Outside of meetings, you’re encouraged to take what you’ve learned back to your family business, see what impact it has, and report back to your peers on your challenges and successes.
- 18 Month Course
- Quarterly Facilitated Meetings
- Experiential Learning
- Comprehensive Curriculum with Peer Support
- Taught by Expert Faculty
- Guest Speakers and Subject Matter Experts
- Live Case Studies
Each meeting is a melting pot of family business CEOs, shareholders, family council members, non-family business employees, and managers. This trusted and confidential group will support you on your journey and help you understand how to develop a family strategy for responsible ownership. Many FBSI participants maintain a connection to their fellow peers beyond graduation.
“FBSI has the ability to be transformative for participants. I personally felt the program strengthened my ability to help my family – and the structures already in place – grow and prepare for a healthy future together.”
Sasser Family Holdings