The Philosof Method is an applicational method in the field of financial coaching, focusing on the management of the economic resource from the viewpoint of individual behavior. The method is based on the integration between finance tools and behavioral science and combines the worlds of consulting and coaching. It was developed by Galit Philosof and is implemented as an integral part of the services we provide.
The method includes practical tools for implementing positive financial conduct and eliminating disruptive or impeding financial behavior. Training and implementation of this conduct are done through simple repetitive principles that assist in making the right financial decisions effortlessly and with confidence.
The Philosof Method for Financial Well-being
Income from Work
Other Business Engagements
Donations and Philanthropy
Energy & Time Management Skills
Hobbies & Leisure
Health & Well-being
Support & Belonging
Tradition & Legacy
Behaviors & Habits
Forums & Events
Respect & Security
Openness & Communication
The underlying assumption in the Philosof Method is that the way to achieve Financial Well-being is based on:
Relationship with money and management skills (behaviors, thought patterns, beliefs, and habits)
This particular combination, along with our relationship and understanding of each family’s unique DNA and goals, come together to create a holistic process empowering any family to manage its capital, live in prosperity, and stay united.
We treat all family enterprises as systems. They have dynamic and overlapping subsystems: Business, Ownership and Family. Continuity requires planning and action across all three over time.
A commitment to continuity requires a clear and energizing vision for future ownership along with the structures, policies and processes, and leadership to achieve it. These activities are typically governed by a network of Boards and committees that ensure the shared vision of the owners is aligned with business strategy and family values. These values often include important messages to family owners about stewarding wealth responsibly, and opportunities to achieve important social change and leave a family legacy via Family Philanthropy.
All families are unique, though they also share many common characteristics, challenges, and opportunities. Members typically align around their core values and an emotional connection to a common entrepreneurial legacy. Their activities are often focused around connection, engagement, education and impact and governed by a Family Council.
Enterprising families often oversee a range of activities including operating companies and investment portfolios. Long-term planning across complex entities requires strategic alignment, effective leadership, clear guidelines for family involvement, and effective communication with a broad array of stakeholders. These initiatives are typically governed by top executives in collaboration with a Board and Family Council.
1 - Family member
5 - Non-family operating owner
2 - Non-family owner
6 - Family employee
3 - Non-family employee
7 - Family operating owner
4 - Family owner
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