The club provides a forum for discussion of similar problems and experiences that other people going through themselves. If you would like to attend a Second Generation Club meeting please call the firm for an invitation. Most small business owners generally have very few people they can talk to, other than with just casual conversation, about their business and how things are going. Large corporations have formal boards of directors, most of whom come from outside the company, that direct the affairs of the company, bring new ideas and new ways of doing things and in most cases, bring a great deal of wisdom into an organization. Small companies need something similar but few want to spend the money nor can their small business support the cost of a formal board of directors.
Most business owners are reticent to dispense financial information about their business.
In fact the dispensing of financial information in too casual a manner can give away strategic information that could end up in the hands of a competitor and could do the company long term damage. Nevertheless it is generally beneficial to seek advice from others, people you know and trust, in order to achieve the full potential of the business. We feel properly trained CPAs who are very business oriented, not just bean counters, are perfect candidates to provide these services. When clients use our services in advisory board situations, the clients get the full value of their relationship. We already have a solid foundation with which to provide these value-added services because of the intimate knowledge we possess about the financial situation of the company.