{"id":3766,"date":"2022-09-07T09:45:49","date_gmt":"2022-09-06T21:45:49","guid":{"rendered":"https:\/\/accelerateonline.blog\/?p=1988"},"modified":"2022-10-11T15:13:12","modified_gmt":"2022-10-11T03:13:12","slug":"the-benefits-of-family-advisory-boards","status":"publish","type":"post","link":"https:\/\/www.bdsaccountants.co.nz\/insights\/the-benefits-of-family-advisory-boards","title":{"rendered":"The benefits of family advisory boards"},"content":{"rendered":"\r\n<p><\/p>\r\n\r\n\r\n\r\n<p>Every business, large or small, deserves to be run as professionally as possible. By setting up the right structure you can give your family business the best chance of success.<\/p>\r\n\r\n\r\n\r\n<p>While the family knows your business inside out, it can be helpful to have independent parties on hand to provide an external perspective. A family advisory board can offer fresh insight and perspective, giving your enterprise the edge.<\/p>\r\n\r\n\r\n\r\n<p>A family advisory board can include family members, anyone with an interest in the company, and independent advisers. There are significant benefits to setting a family advisory board up:<\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li>Bringing younger people into strategic management and retaining the experience of founding generations.<\/li>\r\n\r\n\r\n\r\n<li>Adding specialist expertise, for example, sector-specific advisers, accountants, legal counsel.<\/li>\r\n\r\n\r\n\r\n<li>Defusing family tensions \u2014 an external facilitator can keep discussions on track.<\/li>\r\n\r\n\r\n\r\n<li>Taking the pressure off \u201cmum and dad\u201d by ensuring decision-making responsibility is shared.<\/li>\r\n<\/ul>\r\n","protected":false},"excerpt":{"rendered":"<p>Every business, large or small, deserves to be run as professionally as possible. By setting up the right structure you can give your family business the best chance of success. While the family knows your business inside out, it can be helpful to have independent parties on hand to provide an external perspective. A family &hellip;<\/p>\n","protected":false},"author":2,"featured_media":3819,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[495,489],"tags":[525,526,527,528,529],"yst_prominent_words":[168,317,145,240],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The benefits of family advisory boards - BDS Chartered Accountants<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bdsaccountants.co.nz\/insights\/the-benefits-of-family-advisory-boards\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The benefits of family advisory boards - BDS Chartered Accountants\" \/>\n<meta property=\"og:description\" content=\"Every business, large or small, deserves to be run as professionally as possible. By setting up the right structure you can give your family business the best chance of success. While the family knows your business inside out, it can be helpful to have independent parties on hand to provide an external perspective. A family &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bdsaccountants.co.nz\/insights\/the-benefits-of-family-advisory-boards\" \/>\n<meta property=\"og:site_name\" content=\"BDS Chartered Accountants\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-06T21:45:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-11T03:13:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bdsaccountants.co.nz\/wp-content\/uploads\/2022\/09\/womenwithchildren.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#website\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/\",\"name\":\"Buzarco\",\"description\":\"The Key To Unlocking Your Potential\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.bdsaccountants.co.nz\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/the-benefits-of-family-advisory-boards#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/wp-content\/uploads\/2022\/09\/womenwithchildren.jpg\",\"width\":800,\"height\":532},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/the-benefits-of-family-advisory-boards#webpage\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/the-benefits-of-family-advisory-boards\",\"name\":\"The benefits of family advisory boards - BDS Chartered Accountants\",\"isPartOf\":{\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/the-benefits-of-family-advisory-boards#primaryimage\"},\"datePublished\":\"2022-09-06T21:45:49+00:00\",\"dateModified\":\"2022-10-11T03:13:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#\/schema\/person\/058823f154fb90662a0055d74e1b5258\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bdsaccountants.co.nz\/insights\/the-benefits-of-family-advisory-boards\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#\/schema\/person\/058823f154fb90662a0055d74e1b5258\",\"name\":\"BDS\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts\/3766"}],"collection":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/comments?post=3766"}],"version-history":[{"count":2,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts\/3766\/revisions"}],"predecessor-version":[{"id":3816,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/posts\/3766\/revisions\/3816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/media\/3819"}],"wp:attachment":[{"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/media?parent=3766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/categories?post=3766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/tags?post=3766"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.bdsaccountants.co.nz\/wp-json\/wp\/v2\/yst_prominent_words?post=3766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}