Purpose: Setting the table for your first family transition, the purpose here is to have you and your family members fully understand what needs to be done, in your desired timeframe and charting a course for you to be successful.
Who is Family? A question that hits at the heart of business families. There is no universal answer as all families have unique situations and ways of being more, or less, inclusive. In this era of changing family definitions, it’s important to understand who you and your family view as family. Dive into our assessment and discover who is family to you.
The Three-Circle Model of the Family Business System shows three interdependent and overlapping groups: family, ownership, and business. The Model identifies where key people are located in the system and gets them thinking about different roles that family members have.
Purpose: All family members understand the transition goals and priorities for the family, and it is well communicated and documented.
Family meetings are the core of a family’s governance. It’s a team effort where all members should play a role and have a say. Getting together regularly can lead to tremendous improvements in communication and open discussions about family purpose, values and vision. Discover how to conduct effective family meetings with our case-based assessment.