There are an endless number of reasons to meet. But effective meetings start with a defined goal or objective. When a meeting has purpose that is shared by those attending, people don’t feel like they’re wasting their time. Knowing what you want to accomplish by the end of a meeting – be it tactical or strategic – means there is direction for everyone to follow and endeavor to work towards.
For families with significant wealth, meetings can be an invaluable tool because it focuses on the human capital element of the family enterprise, not solely the financial. Below are a few prime examples of family meetings, the purpose, and how it can be achieved:
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