Compass for Entrepreneurial Families

Entrepreneurial families face a unique and complex journey. Navigating through family, businesses and ownership issues is a rewarding, but challenging process that can be aided by expert advice, theoretical grounding and practical tools. Compass for Entrepreneurial Families is an educational program developed to provide business families with a better understanding of fundamental, contemporary concepts. Based on the experience and expertise of family business owners and scholars, the course is focused on five core areas:

• Finding the balance between family and business
• Understanding the different life stages and their impact on family and business dynamics
• Understanding what it means to be an owner
• Following an effective decision-making process
• Planning for the future

Languages – English

The key objectives are:

• Enhance knowledge of important family business topics
• To build awareness of the “soft issues” that often go undiscussed
• Provide practical tools for navigating individual and family matters

Core areas – Life-Cycles, Decision-Making, Family Planning, Fair Process

• Unit 1: Balancing Family and Business
• Unit 2: Understanding Life Cycles
• Unit 3: Navigating Ownership
• Unit 4: Decision-Making Process
• Unit 5: Planning Ahead