Invest once & reap the rewards for centuries by creating a perpetual asset that continuously fosters prosperity, harmony, and union-ship
By SOCH Business Mentors LLP Posted July 2, 2024 in Family business
By SOCH Business Mentors LLP Posted July 2, 2024 in Family business
This perpetual asset is a Family Constitution System through an expert-designed process
A family constitution system is an implemented family constitution using family governance. This system is the bedrock for growing your prosperity and identity not only year after year, but, for hundreds of years.
This system of family governance and family constitution gives a family the limitless freedom to enjoy life, create prosperity with enriched experience of family life with joy, harmony, happiness and profoundly eternal unity (which I prefer to call union-ship) of heads, hearts and souls.
Those families, who truly care for who they are and what they deserve choose the expert-designed process. This process involves members in creating the family constitution. The process transforms and to many levels transcends each and every member beyond their imagination.
The effects of living such family constitution system is magical.
This is what those global family enterprises who are living such masterful system say again and again.
They firmly believe that their investment on creating a family constitution system has been the most valuable investment bringing lifelong & even priceless benefits each day. It serves as a crucial element in establishing a lasting family identity, consistently yielding returns on their investment. Ultimately, this system has provided happiness for the current and future generations, a feeling that remains ever-present in their hearts.
One of the countless & immeasurable benefits of the family constitution and its governance systems is - Handling disagreements in honourable, effective, and progressive ways:
Disagreements aren’t as detrimental as silently lying unresolved disagreements.
Unresolved disagreements when prolonged beyond an acceptable time limit, creates an atmosphere of confusion, silent frustration, passive anger, and altogether a loss of trust in the overall ability of a family to protect long-term interests of an individuals. This is detrimental to the overall ability of owners to consistently increase economic and emotional well-being of all.
A real agreement is when the individual who disagrees finds his acceptable logic and emotions needed to convince him from the family constitution itself. This comes when he is involved in the making of the constitution and he evolves multi-folds during the process.
Correcting oneself without feeling compromised but rather feeling progressed and finding pride in finding resolve in family constitution is powerful.
Such constitutional way of living reinforces a powerful movement in family for thriving union-ship further increasing the real, profound, and everlasting emotions of family. It inspires other family members and the network effect of such inspiration increases manifolds everyones’ abilities mainly of the children in the family. This is priceless.
A well-structured and process-centric creation of the family constitution ensures clarity and transparency and helps families know what to do when disagreements arise. In addition, it strengthens the family’s emotional cohesion because the owners/stakeholders work together to formulate the family constitution under experts’ guidance.
A family constitution crafted with a strong structure and focus on processes promotes clarity and transparency, guiding families on handling disagreements, conflicts and even disputes effectively. Furthermore, it strengthens emotional bonds within the family as owners collaborate with experts to align heads, hearts, and souls, developing a constitution that perpetuates.
One common voice I have heard from the families with an effective constitutional system is – With family constitution system, our emotional ownership is growing pure and boundless. Needless to say, this has grown our financial, relational and identity.
90% of our clients who have implemented constitutional systems report a significant transformation in their communication dynamics. Before the systems, they could have discussions but they weren’t always progressive. However, after implementation, there is a notable shift towards all-encompassing support, encouraging each member to express their opinions and truths respectfully, promptly, and without fear.
They say: The newer atmosphere within the family is widely recognised as superior in giving a genuine sense of security, resulting in a high level of trust, openness, and heartfelt connections amongst all members, encapsulating pure and powerful emotions of love and unity – a truly invaluable asset. We would have never had this without the constitutional systems, through an expert-designed process.
The above is even affirmed by those clients who were at first sceptical of developing a family constitution.
Thus, the family constitution ultimately acts as an indispensable link between the family and the business. Businesses without a family constitution are therefore more likely to be susceptible to crisis.
As this is an article, it has a limitation. But, with grace of God and my distinguished clients for trusting me to eternally strengthen their surname/family name and all that it means, creates, and signifies.
Currently, I am working on a book that will unveil more than twelve invaluable advantages and far deeper actionable insights for family businesses.
The family constitution systems we assist our clients in developing offer numerous benefits that go beyond the initial investment required for this professionally crafted process. It ensures the continuity of their identity, prosperity, happiness, and unity.