This family business model shows the business system as three independent but overlapping categories. Each category in the Venn diagram has its independent characteristics, but can also overlap the other categories. Each circle in the three-circle model of family business contains certain dynamics that apply to each category. The family consists of shared values, conflict patterns, decision-making, rules, roles and relationships, communication styles, life cycles and shared experiences. The business dynamic consists of mission and strategy, structure and systems, organizational culture, technology and business processes. The ownership dynamic consists of shareholder value, ownership distribution, governance and board and legal and regulatory. The beautiful thing about family business is that the family, ownership and the business itself can all work harmoniously together to create something that's successful over a long period of time. On the contrary side of things if any part