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Family Business Alliance

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MENUMENU
  • Home
  • About
    • Overview
    • Members
    • Our Board
    • Underwriters
    • Contact
  • Membership
    • Levels & Benefits
    • Testimonials
    • Join
  • Events
    • Upcoming Events
    • Event Gallery
  • Resources
    • News
    • Books
    • Cited Stats
    • Family Business Magazine Subscription
  • Peer Groups
    • NextGen Peer Group
    • NowGen Peer Group
    • Peer Group Testimonials
    • Forms

NowGen Group on Succession

Of all the businesses that want to pass their family-owned business down to the next generation, only 30% make it through the 2nd Generation. This survival rate decreases to 12% through the 3rd Generation. And if you make it through the 4th Generation and beyond, your business is in the lucky 3%!† Family business isn’t easy. The Family Business Alliance (FBA) understands that. The NowGen Peer Group is a peer group that helps Presidents and CEOs navigate the turbulent waters that is called “succession”.

JOIN NOWGEN

Who should join?

Family business leaders who:

  • Work in and are owners of a family business
  • Are Presidents and CEOs
  • Member of good standing in the FBA
  • Wanting to pass the family business down to the next generation
  • Have a half-day a month to spend with peers on succession planning for one year
  • Want to learn about family business best practices and why they may be right for
    your company
  • Want to share with and learn from peers, and some of the best family business
    leaders in West Michigan, in a safe, confidential, friendly, and structured setting


Please Note: Networking primarily for lead generation is not a program goal.

Commitment and Details:

  • Group of 10-14 Presidents and CEOs
  • Meet once a month, half-day
  • 1 year commitment
  • Host at least one meeting
  • Facilitated group setting
  • Safe, trusted environment—no competitors or suppliers within the group
  • Toolkits provided
  • There is an annual fee of $500 with a 6 month guarantee

Program Structure

Group members will be assigned to groups by the Director of the Family Business Alliance (FBA). A high level of confidentiality is required from everyone involved, including each group member, facilitator and FBA staff.

Typical Meeting Agendas

  • Update from each member
  • Brief tour and description of host’s family business (rotates each month)
  • Presentation by a business leader or outside expert on self-selected topics around governance and/or succession

NowGen Peer Group Application

Thank you for your interest in joining the NowGen Peer Group program. Please let us know more about you to help us place you in the most appropriate group possible.
 
Please provide us with the following information about yourself and your company. 

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  • Home
  • About
    ▼
    • Overview
    • Members
    • Our Board
    • Underwriters
    • Contact
  • Membership
    ▼
    • Levels & Benefits
    • Testimonials
    • Join
  • Events
    ▼
    • Upcoming Events
    • Event Gallery
  • Resources
    ▼
    • News
    • Books
    • Cited Stats
    • Family Business Magazine Subscription
  • Peer Groups
    ▼
    • NextGen Peer Group
    • NowGen Peer Group
    • Peer Group Testimonials
    • Forms