A Deep Dive into the Three-Circle Model of Family Business Systems | The Family Biz Show Ep. 27
The Family Biz Show
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Exploring Trust Vintages and the Three-Circle Model of Family Business Systems
This chapter delves into trust vintages in family wealth management and the impact of evolving laws on family assets. Listeners are guided through a diagramming exercise to understand the three-circle model of family business systems, emphasizing the interconnected relationships within the family, owners/board, and management spheres. The dynamic nature of the model in family business systems is explored, along with the importance of family meetings and assessments in enhancing communication and understanding within the family system.
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