FOB Resources

Family Owned Business Resources (FOBR) is a private advisory firm for enterprise-owning and other high net worth families. Every engagement is unique, but typically we work with our client families to: Understand their history and assess present state Co-design their stewardship strategy Facilitate execution of the strategy from inception to exit O... UR APPROACH FOBR's process begins with the assessment phase, which involves gathering data through empirical observation and psychometric instruments. Empirical observation includes interviews and facilitation with family members and stakeholders, often including spouses, estate professionals, and other members of the enterprise and governance. Psychometric instruments assess the internal and interpersonal experiences of individuals to collect data on facets such as personality, motivation, aptitude, needs, communication and learning preferences, conflict modes, and others as needed. The collected empirical data and the assessment data provide the context to form a working model of the family system as well as how the individuals within that system are nourished and formed by that system. systems. Our assessment phase rapidly generates depth of insight to begin to scale and scope the engagement, in collaboration with our clients. We are guided by the principle that each family knows itself better than we do. Therefore, it is imperative to honestly share our findings from the assessment phase with the family clearly and compassionately - their role is to validate what is true based upon their experience and observation. This begins the second phase of our framework, an extensive collaboration with the family to determine what realistic and achievable objectives make sense for their family at that point in time. The outcome is a design that that will build the collective capacity of the family to be a cohesive stewardship group for their family's wealth and legacy transition. The last phase is the execution phase, which does not happen 'to the family', but rather it ...Read More