The Three Circle Model is globally accepted as the standard model for successfully operating family businesses. It includes Family, Business and Ownership as the three main components of the business, which form the pillar of any family business. However, as these circles are either dependent or mutually exclusive or resultant of all, the result is poor communication, and strong commitment for the future. Family Business Management tries to prevent them.
Each and every circle – Family, Business and Ownership, have their own governance structure and plan.
Each circle has its own stages of development and each individual within the family, business or ownership circle can be at various stages of development.
Family Business Management Consulting, which is a real complex task, primarily needs to identify the stages of development for the business, family members and key individuals associated with the family or the business. Subsequently the stages of the framework can be migrated to the next higher level for good governance of family and the business.
The implementation of the above steps in the Three Circle Model can lead to a creation of family and business legacy.
For developing Family Business Framework, and selecting the right Business Model, please email us at: info@valueaddedcoaching.com or Call / Whatsapp: +91 9824009792
