by Jacqueline Hall on 28 November 2018 4:44pm : 136
So you work as expected in your family’s business and maybe for you that’s that. You may be someone who works in a family-run business and sometimes things seem a bit ‘off’. Or maybe as a family member you have been invited to work in the business. But. When you’ve looked at how it works and is structured, you’ve noticed several things. Some of the people in your family are:
Not only does the situation is noted above exist, but also some of the business decisions made have had negative impact on family relationships, whether members are employed or not by the business. As a person who is employed, are not family, you have found yourself affected by what happens in the business, AND discussions had outside the business walls.
The Three Circle Model of Family Business unlocks this puzzle. It’s brings recognition of where you, and others who have interest in your specific circumstances are positioned.
What is The Three Circle Model of Family Business?
It’s a model of three intersecting circles that shows where interests overlap in the family business system. The circles represent owners of the business, family members and the business itself. The model helps to explain the:
Benefits of recognising your own and other people’s positions
By doing so the needs of all involved will be acknowledged, given regard and the attention required. Policies and decisions made will factor in these needs.
Look at the model to see where you fit.
What are the challenges and issues that arise for you? What strategies are you thinking of using to handle this?
To discuss these and how to manage yourself and/or the business call 0203 2901253.