Thank you to many of you who chose to write back on last Tuesday’s article ‘How to measure the success of family constitution?’. I have gathered 20 of your queries, and the most natural next-step question you all asked was the title of this article. So, I promise to share my best, and I hope
Recently, we were invited to some of the multigenerational family discussions. In one of them, a family member had asked a serious and great question. Before this question that I can share with you, I believe it will only be respectful towards you all for me to share beforehand what all understandings the family hold
Have you come across in your or other multigenerational family business where cousins and brothers hold wonderful asset-class business capabilities, delivering a consistent long-term thrive and success to your family enterprise? Did you notice the sheer presence of their produce stunning growth effects? Did it occur to you how the family would have developed such
There is one common thing across all the truths – Truths are always simple. And with simple things, there is an amazing twist – they appear doable! Such as holding an open and honest conversation. But are the family members doing it? And mainly, are they doing daily as the shining reflection of the family?
A typical question that reveals one major hesitation among multigenerational family businesses is their freedom. Some feel that having a family constitution restricts their lifestyle and access to wealth. Some feel that it may even affect their share of ownership, and uncertainty about it makes them freeze in their minds. Others feel that if a
Have you ever been to a family where 158 (one hundred and fifty-eight) members of theirs are having dinner on one of their decided occasions in the year to meet, celebrate their unity, and express gratitude to their forefathers and mothers who gifted them such a rare and priceless feeling of love, wealth, power, and
In the ’90s, Microsoft pioneered a powerful phenomenon of penetrating people’s minds with the next technology they would introduce. They were so amazing in marketing (Why shouldn’t they be? They were burning mountains of cash like no one for decades on marketing). Because of their marketing, they were able to attract people especially high-end users
Have you entered into a delicate and high stake family conversation? Especially with kids! For e.g., Based on certain events recently, you learned your teenage daughter (or son, whoever you may imagine) is going through a blistering youth and, with it, has invited to them some untoward conversations. You said to yourselves let me hold
A lot of interesting debates are happening in circles of family businesses such as follows: (All below are discussed in Hindi and Gujarati language and for authenticity purpose converted unchanged as-is in English language below. We added no alterations.) (1) I am first generation and turned 54 today. I wonder if all these years pay
