Family business
A collection of our latest insights on the challenges, opportunities and solutions that matter most for family businesses.
A lived family constitution
A constitution that is not just on paper, but lived in head, heart and soul of all members of the family Family business is the most prevalent and pervasive form of business through all of history, and yet only recently has the world begun to recognise the importance and distinctiveness of the family-owned firms. Success
Succession will test your family’s bonds
The clients I worked with, with net worth of above €1 billion family businesses’ faced worst crisis during succession They witnessed the crisis of emotions amongst people who raised them and later saw a sword hanging over their own financial, relational and emotional future. Fortunately, clients who admitted long back that they would come to
The fusion of science and spirituality leads to perennial growth: A family constitution embeds both
Science is about proven knowledge and spirituality is about the unproven but felt. Your behaviour or your conduct is proven but the authenticity of your behaviour originates from the realms of unproven and unattested. What matters to the outer reality is your behaviour. But what will bring long-term results irrespective of the behavior (that are
FROM FAMILY POLITICS TO REAL HARMONY
Most family wars occur in ways that no families or loved ones should experience. Usually, it is because of no major rife but a persisting and lurking ill beneath the surface born out of mild unfairness to a full-blown war one day. In most cases, wealthy families have passive or active battles of power, resentment,
Why understanding love is critical for success?
A few months ago, a third-generation owner starting a new line of business sought our services to help him expand at a better clock speed than his industry average. He is part of a professionally run 101-year old family enterprise from India with operations in nearly 70 countries. The mandate given to us was to
Family Businesses, Give resolve and get yourself saved from the worst of fate
It doesn’t matter how and how much you allocate meaning to one of the many below-stated words that give aroma and sense of this profoundly important word – Resolve. Resolve can mean any of the below words’ sense and meaning to your heart. Determination, resolution, firmness of purpose, persistence of purpose, purpose, purposefulness, resoluteness, single-mindedness,
3 MOST COMMON MISTAKES by family businesses that jeopardises their hopes and progress while embarking on the journey of institutionalisation
Since 2018, our research arm interacted with 300 UHNW & HNW multi-generational families. The aim was to intently understand what, in their experience, was their biggest mistake when embarking on their dream of building a generationally thriving family. The three mistakes that family businesses realised while making their constitution are as follows: Mistake #1:THE MISTAKE OF
11 Success factors to consider while choosing the process and expertise to make your family constitution
A successful family constitution is much more than a piece of paper. It is, instead, “paper in action.” If you want the ‘paper in action’, then you must know and assess the two critical enablers: Evaluating the above two is simple if you know what you want i.e. your dream for a family’s perpetual abundance,
THE POWER & PROMISE OF ETERNITY CONSTITUTION
What is a constitution? Please write your definition. Do write it based on what your definition is – not what you think is right. Compare what you intend to accomplish in future against the definition that you wrote. Does your constitutional definition deliver the expected future that you intend to manifest? Let us see with