The main objective of this paper is to examine the postulates from the domain of family business, models of development, with emphasis on the three-dimensional model of family business development. The task is to detect development potentials in the example of a selected family business to determine the extent to which the business can grow based on theoretical principles. Using the secondary data generated from entrepreneurship, family business and management research, the theoretical framework of research was set. Relevant literature is consulted for the needs of the work. Guided by the definitions of family business, growth and development models as well as business cycles and models and decision-making strategies, the selected business is evaluated and is presented by all the definitions that are assigned as a part of the dissertation paper. In the conclusion are highlighted the final definitions and activities that need to be undertaken to achieve the full potential of the presented models that are based on the secondary data derived from the professional literature and from the results and indicators. It was concluded that the settings from the beginning were applicable to the selected company, the company was presented on all three-dimensional model development bases, and discussed the different strategies the company has used so far, as well as the possibilities of different strategic options in the future.