The Family/Personal Circle
The family circle represents the emotional capital of the family in business, where family members support each other and have empathy for one another. A successful family business must have strong communication channels, deal with areas of conflict and emotions, build traditions and focus on creating a legacy.
The success of a family enterprise has much riding on its ability to manage both the family and the business. However, the unconscious blending of these two entities can be dangerous to both. Priorities for the business differ greatly from those of the family. There needs to be a clear distinction between the two entities.
By separating the family issues from the ownership issues and management of the business, family members will not only understand the importance of building a strong family unit, but be in a better position to ensure that everyone is valued as a family member and respected for who they are. In adopting the principles of empathy and support, famlies can ensure that individuals keep their identity and sense of personal self worth. Additionally, the family as a whole can be nurtured.
In the Family/Personal circle, we provide services and deal with those issues that affect individuals directly and the business indirectly.
A recent BDO survey on family businesses indicated that one of the major stumbling blocks for families is the inability to separate their work lives from their personal lives.
Our Family Business Senate Program incorporates separate structures for family time and family business time. By adopting this program you can work towards creating a better balance in your lives.
Click on the link below for more details.
Family Business Senate Program
The Family Business Senate Program is a forum where the family can come together to discuss business issues that have an impact on the family.
For details on the remaining areas of The SuccessCare®Program, visit the links below.
The Ownership Circle
The Management Circle
The 3-Circle Overlap