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Positive Traction Leadership Training Advice

Learn how you can take your business from good to great with best practices in business leadership and growth.

Is Your Family Business a 3 Ring Circle?

Monday, February 15, 2016

Leading and growing any business is challenging.  Imagine the extra baggage a family 
business president has to contend with on a daily basis. Unlike the airlines, family staff members 
don’t have “carry-on bag limitations!” Every piece of baggage comes aboard - sometimes in 
steamer trunks! 

Growing up in and then leading my family’s business, taught me to hold in awe 
those family firms that do it “right.”  I believe it’s easier to run a Fortune 500 company then to successfully navigate through family business generational change. That’s because family business 
leaders must wear 3 unique hats. 


The first is their business hat, e.g. President, Sales Manager or Bookkeeper. The second is their family hat, e.g. Mom, Dad, daughter, son. And, finally, for many
family members with equity, there is the ownership hat.  To help ease the confusion, Renato Tagiuri 
and John Davis in 1982 created the “3 Circle Model of Family Business.” 

It illustrates the various “hats” that a family staff member may wear during the course of any 
business day.  Getting clear on your hat helps with such challenging questions as  - 
“Am I having an argument with the President who is my Dad?  Am I giving a raise to my Son who
 just purchased a new house or to the Director of Operations?  or Do I resent my brother because 
he’s getting lots more attention from Mom who is the CEO? “ So ask ,“what hat am I wearing now?”,
 before entering into family business discussions.  It will help reduce the drama and make family 
business fun!  And, stay tuned – next blog I’ll share how this 3 Circle Model when coupled with the
 EOS Accountability Chart creates the “magic formula” that will make your family business and 
business family thrive!





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Contact Us

Positive Traction. All Rights Reserved. Custom website designed by MilesTechnologies.com.   |   Sitemap

Positive Traction. All Rights Reserved. Custom website designed by MilesTechnologies.com.   |   Sitemap