Have you ever wondered how some families cruise their large, multi-continent family members to accomplish goals with relative ease and super speeds, which are unfathomable goals for some? How really? Have you ever wondered how some families outlive all myths and age-old sayings with happiness, love, success and yet imagine another 16 generations ahead? How
One can never pen down the contribution of family businesses in developing nations, societies, and the world from time immemorial. Worldwide, they have been and are still the bedrock of the nations’ economies. The central partnership that forms this bedrock is at the heart of a married couple, aiming to build their life in their lifetime of
The difference of the above three creates or destroys family businesses beyond their 2nd or 3rd generation Truth #1: Family business focusing on earning money get money. Truth #2: Family business focusing on earning money get wealth. Truth #3: Family businesses focusing on creating a dynasty that lasts for generations in love, harmony and wealth get exactly what they live daily
A difference to think about. Last year, a multi-generational global Indian family business, say *Shah Family shared with us that they had drafted their written constitution with their advisors in a period of a few months but were unsuccessful in implementing the same and at the same time, they were finding themselves lost since there
Undoubtedly, Indian family businesses are going through a perfect storm of changes in the business environment, the political landscape, the supporting forces of the west, the technology upheaval, our country’s internal ecosystem restructuring and the shift of power from the far east to India. This perfect storm presents an unprecedented opportunity for those who choose
In the last quarter of 2021, we have received nearly 40 new requests. Below are some of those worries by the family businesses across the nation: Worry #1: “My son isn’t interested in carrying our business forward, and I am worried what I should do with my empire and immensely scaled up business”- An esteemed
While some people keep trying to bring change in their organisation, others may have taken a step forward by hiring experts to bring change. Irrespective of how you bring change, it is impossible for organisations to ignore the need for change today. If we look at the history, companies have survived and thrived in changing
Many Indian family businesses have expressed that they have faced severe challenges in the last couple of years for their family businesses to find their long-term navigation coordinates. We came across some of those family businesses whose long-term navigation coordinates are found missing, and the near-term ones were also almost non-existent or cloudy at best.
For ages, the world has been seeing that millions of profitable, promising, and mighty family businesses do not last beyond their founding generation or, at the most, their third generation. It is already getting late for family businesses to begin their formal initiative for preserving, protecting, and nurturing the family’s soul. This soul with love
