Inconvenience vs Problem – Learn the Difference - Compass Point Skip to main content

Life is full of inconveniences and problems. Can you tell the difference? Join me as I share the principles I believe shape and build Families of Character. Why is it important? Because Families of Character build great businesses, strong families and legacies.


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drawing of 3 hats, a baseball hat with business hat written under it, a fedora with ownership hat written under it, a winter beanie with family hat written under it

BLOG | LEADERSHIP

The Many Hats of a Family Business

Product. Team. Customers. Processes. Sales. Revenue. Profit. Cash. These are the elements to any good, viable business. But a family business needs more than just those elements to build a sustainable family business. With many dynamics at play, the business owner needs to understand which "hat" to wear, when to wear it, and when to switch. Do you know how to manage it all?

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Diagram showing the Impact of Ownership on the Family Business System in a diagram type image

BLOG | FAMILY DYNAMICS / GOVERNANCE

The Many Facets of Ownership

In 1978 the 2-circle illustration of family business evolved when Harvard business professor Renato Tagiuri and then-graduate student John Davis added a third circle – Ownership – to better account for the distinct groups that existed in a family business. With the addition of Ownership, the 3-circle model more accurately captured the seven facets of ownership.

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BLOG | LEADERSHIP

Which leader are YOU?

One of the hallmarks of good leadership is to have a mindset of being a lifelong learner. When we continue to learn and apply, we become better leaders, ones who inspire our people to bring the best and who develop and hone the team’s skills to predict and delegate. That's where the lift comes in the business. That's where you take a business from good to GREAT. Great leadership multiplies and amplifies others.

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Where Family Businesses Come to Grow & Learn

At Compass Point, we make it easy to get insights, training, tools, and articles straight to your inbox and help family business owners and their team continue to grow, learn, and lead.