{"id":1922,"date":"2022-03-16T15:03:31","date_gmt":"2022-03-16T09:33:31","guid":{"rendered":"https:\/\/www.luciensandbox2.com\/soch\/?page_id=1922"},"modified":"2023-02-15T12:12:04","modified_gmt":"2023-02-15T06:42:04","slug":"family-constitution","status":"publish","type":"page","link":"https:\/\/www.luciensandbox2.com\/soch\/our-services\/the-practice-of-family-business\/family-constitution\/","title":{"rendered":"Family constitution"},"content":{"rendered":"
<\/span>\"\"

What if we tell you that your family business’s unity, love, and prosperity can be guaranteed for perpetuity?<\/h1><\/div><\/div>

What if we tell you that your family business’s unity, love, and prosperity can be guaranteed for perpetuity?<\/h1><\/div><\/div>

Family Constitution: A perpetual source of unity, love, and prosperity<\/h4>\n\n

In our share of experience, Indian family businesses across the globe who have designed, implemented, and are living a family constitution are happier, united, have a stronger identity, and accelerate their growth exponentially.<\/p><\/div><\/div>

<\/div>

Family Constitution: Your family, your definitions and your constitution<\/strong> <\/h3>\n\n

Family Constitution is a unique-to-your-family decision-making framework that is timeless, objective, and principle-centric. It is not about what is written on paper but rather what every family member lives<\/strong> in their heads, hearts, and souls daily. It is what binds and bonds a family for generations. <\/p>\n\n

The constitution is designed as a unique fit to the roots of the family\u2019s emotional, mental, moral, ethical, and spiritual beliefs.<\/p>\n\n

No two families can ever have the same constitution. <\/strong> <\/p><\/div>

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Family Constitution: Your family, your definitions and your constitution<\/strong><\/h3>\n\n

Family Constitution is a unique-to-your-family decision-making framework that is timeless, objective, and principle-centric. It is not about what is written on paper but rather what every family member lives<\/strong> in their heads, hearts, and souls daily. It is what binds and bonds a family for generations. <\/p>\n\n

The constitution is designed as a unique fit to the roots of the family\u2019s emotional, mental, moral, ethical, and spiritual beliefs. \n<\/p>\n\n

No two families can ever have the same constitution. <\/strong><\/p><\/div><\/div><\/div><\/div>

The ultimate purpose of the constitution is to protect the power of love, to unleash its purity, richness, and beauty in creating prosperity, meaning, wealth, abundance, and happiness for the family and the business.<\/p><\/div><\/div>

Family Constitution: Stronger family, Unstoppable business<\/h3>\n\n

A family constitution enables:<\/p>\n\n

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Family Harmony<\/h6>\n\n

A united, cohesive, and harmonious family<\/p><\/div><\/div><\/div>\n\n

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Family Identity<\/h6>\n\n

A shining, unique, and unimitable family identity<\/p><\/div><\/div><\/div>\n\n

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Family Trust<\/h6>\n\n

Family trust, character, and communication to become powerful, unified, consistent, and resolving<\/p><\/div><\/div><\/div>\n\n

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Successful business<\/h6>\n\n

Confidence for winning bigger and mightier bets in business<\/p><\/div><\/div><\/div>\n\n

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Generational leadership<\/h6>\n\n

The next-generation leadership of the\n family business becomes \nresult-centric and grows the family\n identity, purpose, and vision <\/p><\/div><\/div><\/div>\n\n

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Business Identity<\/h6>\n\n

The family business to be\nrecognised as a beacon of hope and\n a symbol of trust <\/p><\/div><\/div><\/div>\n\n

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Pride<\/h6>\n\n

The family, business, and all related\n people hold unchallenged pride to be\n associated with a family governed by\n a constitution <\/p><\/div><\/div><\/div>\n\n

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Happiness & Love<\/h6>\n\n

Family members begin to see,\n understand, hear and value each\n other like never before, creating an\n advantage that no other business\n format can ever provide <\/p><\/div><\/div><\/div>\n\n

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Constructive Conflicts<\/h6>\n\n

Families develop the essential skills\n and mindset to deal with conflicts in a\n way that progresses them \u2013 in actions,\n decisions, and mainly emotions<\/p><\/div><\/div><\/div>\n\n

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Growth<\/h6>\n\n

Growth becomes unconditional,\n certain, assured, and guaranteed\n under any market duress or turmoil<\/p><\/div><\/div><\/div>\n\n

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Social Capital<\/strong><\/h6>\n\n

Family businesses create amass of social capital via structured philanthropy and relevant means for capital development\n<\/p><\/div><\/div><\/div>\n\n

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Strategic Business Decisions<\/strong><\/strong><\/h6>\n\n

Family business stakeholders develop a unique advantage for harnessing the power of family and business for strategic decision making\n\n<\/p><\/div><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Family Harmony<\/h6>\n\n

A united, cohesive, and harmonious family<\/p><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Family Identity<\/h6>\n\n

A shining, unique, and unimitable family identity<\/p><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Family Trust<\/h6>\n\n

Family trust, character, and communication to become powerful, unified, consistent, and resolving<\/p><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Successful business<\/h6>\n\n

Confidence for winning bigger and mightier bets in business<\/p><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Generational leadership<\/h6>\n\n

The next-generation leadership of the\n family business becomes \nresult-centric and grows the family\n identity, purpose, and vision <\/p><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Business Identity<\/h6>\n\n

The family business to be\nrecognised as a beacon of hope and\n a symbol of trust <\/p><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Pride<\/h6>\n\n

The family, business, and all related\n people hold unchallenged pride to be\n associated with a family governed by\n a constitution <\/p><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Happiness & Love<\/h6>\n\n

Family members begin to see,\n understand, hear and value each\n other like never before, creating an\n advantage that no other business\n format can ever provide <\/p><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Constructive Conflicts<\/h6>\n\n

Families develop the essential skills\n and mindset to deal with conflicts in a\n way that progresses them \u2013 in actions,\n decisions, and mainly emotions<\/p><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Growth<\/h6>\n\n

Growth becomes unconditional,\n certain, assured, and guaranteed\n under any market duress or turmoil<\/p><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Social Capital<\/strong><\/h6>\n\n

Family businesses create amass of social capital via structured philanthropy and relevant means for capital development\n<\/p><\/div><\/div><\/div>\n\n

\"\"<\/figure>
Strategic Business Decisions<\/strong><\/strong><\/h6>\n\n

Family business stakeholders develop a unique advantage for harnessing the power of family and business for strategic decision making\n\n<\/p><\/div><\/div><\/div><\/div><\/div><\/div>

<\/div>

Family Constitution: Not a piece of paper. A way of living<\/h3>\n\n

A family business is a bond of blood, not of paper.<\/p>\n\n

The journey of making a family constitution requires weaving the heads, hearts and souls of all members into oneness. The constitution is not about what is written; it is about what is <\/p>\n\n

  1. Lived<\/li>\n\n
  2. Lived daily<\/li>\n\n
  3. Lived daily by all family members<\/li>\n\n
  4. Lived daily by all family members for perpetuity.<\/li><\/ol><\/div>
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    <\/div>

    Making a Family Constitution: Involvement, accepting and living<\/h3>\n\n

    For almost 25 years of serving HNIs & UHNIs family businesses across the globe, it has proven that for the constitution to be successful, it requires the family key stakeholders to be involved in making the constitution. Our experience suggests that no advisors or consultants should and can make the constitution of any family business on behalf of the family itself. Family business practice experts like us can only facilitate the process of making, accepting and living the constitution with the family key stakeholders.<\/p>\n\n

    With the above understanding, below are the steps of making the Family Constitution that we at SOCH Business Mentors help our clients with:<\/p>\n\n

    Making a Family Constitution<\/h3>\n\n
    \n\n\t
    \n\t\t
    \n\t\t\t
    \n\t\t\t\t\n\t\t\t\tStep 1<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/span>\n\t\t
    \n\t\t\t
    Identifying the orientation<\/h6>\n\t\t\t

    Every family is unique. Their uniqueness is \n\t\t\t\trooted in their orientation for emotions, morals, \n\t\t\t\tethics, history, traditions, principles, beliefs,\n\t\t\t\tvalues, aspirations, expectations and similar.\n\t\t\t\tExperts and patented tools lead this step to\n\t\t\t\tensure that the process of making the constitution\n\t\t\t\tis tailored to fit the family’s roots helping all to own\n\t\t\tthe constitution while making itself. <\/p>\n\t\t<\/div>\n\t<\/div>\n\n\t

    \n\t\t
    \n\t\t\t
    \n\t\t\t\t\n\t\t\t\tStep 2<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/span>\n\t\t
    \n\t\t\t
    Preparing the heads, hearts and souls <\/h6>\n\t\t\t

    Nothing can be accomplished if one is not\n\t\t\t\tprepared. It is vital to have an aligned movement\n\t\t\t\tof the heads, hearts and souls. For this, every\n\t\t\t\tindividual, on their own, at their will and by their\n\t\t\t\theart, without any influence, should find\n\t\t\t\tthemselves invested logically, emotionally and\n\t\t\t\tspiritually. Skipping this step would increase\n\t\t\tthe possibility of a mediocre result. <\/p>\n\t\t<\/div>\n\t<\/div>\n\n\t

    \n\t\t
    \n\t\t\t
    \n\t\t\t\t\n\t\t\t\tStep 3<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/span>\n\t\t
    \n\t\t\t
    Making the family constitution<\/h6>\n\t\t\t

    With SOCH, making the constitution involves \n\t\t\t\ttried, tested and evolved process of 99+ chapters.\n\t\t\t\tThis process of making the constitution is jointly\n\t\t\t\tcreated through private and confidential workshops.\n\t\t\t\tWith every workshop, the family grows in their\n\t\t\t\tcohesion, alignment, agreement, acceptance and \n\t\t\twillingness to live the constitution. <\/p>\n\t\t<\/div>\n\t<\/div>\n\n\t

    \n\t\t
    \n\t\t\t
    \n\t\t\t\t\n\t\t\t\tStep 4<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/span>\n\t\t
    \n\t\t\t
    Transitioning the family constitution<\/h6>\n\t\t\t

    We understand that not all family members\n\t\t\t\tcan be involved in making the constitution.\n\t\t\t\tThis step allows us to help other members (those\n\t\t\t\tnot involved) tune into the constitution and its\n\t\t\t\tpromise with the same happiness, clarity and\n\t\t\twillingness to live it daily. <\/p>\n\t\t<\/div>\n\t<\/div>\n\n\t

    \n\t\t
    \n\t\t\t
    \n\t\t\t\t\n\t\t\t\tStep 5<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/span>\n\t\t
    \n\t\t\t
    Supporting the living of the family constitution<\/h6>\n\t\t\t

    Making and Transitioning is the beginning of \n\t\t\t\tliving. We, at SOCH, commit to supporting the\n\t\t\t\tfamily businesses in their attempts and efforts to \n\t\t\t\thand-hold each other in the process of living the \n\t\t\t\tconstitution. The key is for us to help the family until\n\t\t\tthe constitution becomes a part of their daily habits. <\/p>\n\t\t<\/div>\n\t<\/div>\n\n\n<\/div><\/div><\/div><\/div><\/div>

    <\/div>

    Summary<\/h3>\n\n

    Family businesses face unique challenges as they progress on their multi-generational journey. To win these challenges and realise their aspirations, family businesses should reflect on taking a proactive approach towards making their family constitution, family governance, succession planning and family office. These four are the key pillars enabling the individuals, the family, their wealth, their legacy and the business to prosper and flourish for generations.<\/p>\n\n

    Read relevant insights <\/i><\/a><\/div><\/div><\/div>\n\n
    Family Governance <\/i><\/a><\/div><\/div><\/div>\n\n
    Succession Planning <\/i><\/a><\/div><\/div><\/div>\n\n
    Family Office <\/i><\/a><\/div><\/div><\/div><\/div><\/div><\/div>
    <\/div>","protected":false},"excerpt":{"rendered":"

    What if we tell you that your family business’s unity, love, and prosperity can be guaranteed for perpetuity? Family Constitution: A perpetual source of unity, love, and prosperity In our share of experience, Indian family businesses across the globe who have designed, implemented, and are living a family constitution are happier, united, have a stronger<\/p>\n","protected":false},"author":16,"featured_media":0,"parent":73,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1922","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.luciensandbox2.com\/soch\/wp-json\/wp\/v2\/pages\/1922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.luciensandbox2.com\/soch\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.luciensandbox2.com\/soch\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.luciensandbox2.com\/soch\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.luciensandbox2.com\/soch\/wp-json\/wp\/v2\/comments?post=1922"}],"version-history":[{"count":73,"href":"https:\/\/www.luciensandbox2.com\/soch\/wp-json\/wp\/v2\/pages\/1922\/revisions"}],"predecessor-version":[{"id":4406,"href":"https:\/\/www.luciensandbox2.com\/soch\/wp-json\/wp\/v2\/pages\/1922\/revisions\/4406"}],"up":[{"embeddable":true,"href":"https:\/\/www.luciensandbox2.com\/soch\/wp-json\/wp\/v2\/pages\/73"}],"wp:attachment":[{"href":"https:\/\/www.luciensandbox2.com\/soch\/wp-json\/wp\/v2\/media?parent=1922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}