The missing key to success
The classic Three-Circle Family Business System framework* shows the three interdependent and overlapping groups that must be functioning well for long-term success: family, business and ownership.
But there is a fourth circle the surrounds the traditional framework that is often overlooked in transition planning: family matters.
We believe that in order for families to create successful transitions, they need to address both the financial health of the business, and the family relational matters, at the same time.
*Developed at Harvard Business School by Renato Tagiuri and John Davis in 1978
Supporting your unique family situation
Families reach out to us at different stages of their journey. It may be when they are just starting to plan for the future or they may have started the process and are feeling stuck. Or it may be in the unfortunate event of a family crisis that has sent the family into turmoil.
In each scenario, we develop a customized plan that addresses the families’ unique needs.
Our Process
We guide families in developing a clear vision for the future through an inclusive process that is seen as fair by everyone, and honours the history and values of the family.
We work with both the family and business leader, as well as the next generation, to help prepare them for the transfer of assets and their future responsibilities.
Light Current State Assessment
Brief interviews with family members to identify high-level themes to further explore.
Findings presented in a report.
Deep Current State Assessment
Interviews with all family members and review of documents to develop an understanding of the past, present and future across all areas of the Family Business System.
A detailed findings report that includes a SWOT assessment, discussion themes and potential actions.
Co-Creation of Roadmap
Facilitation of family discussions and a family meeting to review the findings report, prioritize themes, map out priority actions and gain consensus.
A customized roadmap is developed around the top 3-5 themes to work on by system. Individual confidential family member plans are developed.
Execution of Roadmap
Support as needed based on the past experience and needs of the family.
Set an appropriate meeting cadence and format based on the family situation.
Could include education, individual coaching, and facilitation of a combination of individual, sibling and family meetings.