FOMB

AcronymDefinition
FOMBFriends of Merrymeeting Bay (Richmond, ME)
FOMBFriends of Mazo Beach (Mazomanie, WI)
FOMBFriends of Misery Bay (Ontario, Canada)
FOMBFamily and Owner Managed Business
FOMBFriends of the Mansfield Battlefield (Shreveport, LA)
FOMBFriends of Mt. Beckworth (Victoria, Australia)
References in periodicals archive ?
The last step in the FOMB planning process is the succession plan, where all of the components of FOMB planning are integrated together.
While the first section of the book outlines the process for FOMB planning the second section focuses on the tools for planning.
Finally, in the last section the author summarises the potential challenges that any FOMB may face (offering guidance as to how these challenges should be handled) such as: deciding whether to sell; dealing with conflict in the family business; utilising the potential of family members; minority owners, sons-in-law and daughters-in-law and FOMB valuation.
FOMBs have been praised for their ability to nurture a sense of loyalty, long-term commitment and pride in the `family' tradition.