SOCH Business Mentors LLP

31 January 2023 SOCH Business Mentors LLP

Long-term growth-centric businesses are establishing the DISCIPLINE OF BUSINESS GOVERNANCE. Do you intend for long-term growth?

Lately, multi-generational family businesses to non-family businesses havebegun asking us the following questions: “Is Governance a fancy new term that makes you look good, or does itoffer a serious long-term sustainable advantage?”An offer that doesn’t limit to your business bottom lines but all stakeholders involved in your growth grows. Is Governance a complexity added to

17 January 2023 SOCH Business Mentors LLP

Did Dinosours Servive The Apocalypse?

Dear Readers Thank you for so much love and encouragement you shared for the sheer value you find (in not-so-perfect writing yet) of mine. I am grateful for those of you who believed in the insights I shared and hard truths that you not only swallowed but allowed yourselves to reflect on and made decisions

10 January 2023 SOCH Business Mentors LLP

What is legacy? And, why it matters?

Is it a word that applies to only families? Or does it also apply to family businesses? Or businesses as well? Or even nations? What does legacy mean? What helps in building legacies? What perspectives help leaders from any walk of life to understand the true meaning and value of legacy, making them more powerful

9 January 2023 SOCH Business Mentors LLP

A powerful enabler to the success of your business and your family

Eight years ago in mid-year 2014, the largest family business conference was held by Harvard Business School, Cambridge, Boston, in Asia. Most of our neighbouring countries’ biggest families and more than 85% of top Indian businesses gathered for a five-day family governance summit. The finest practitioners and lead authorities had come to deliver what they

3 January 2023 SOCH Business Mentors LLP

Owner’s silent & powerful enemy to growth

Owner’s silent & powerful enemy to growth “I already do it.”“I already know it.”“I already have it.”“I know how this works.“and other variants of the same! If humility is a gift, then being wise is a genie. You must note that the economic opportunity presented to India to rise is an exact opposite of a

27 December 2022 SOCH Business Mentors LLP

What is the meaning of institutionalising a family business, and why should you care?

Even the most established and sought-after family business owners ask us what institutionalisation means. Is it a new buzzword or does it hold an everlasting usefulness and importance as it claims that we must consider caring for? What is institutionalisation? Many family businesses attempt to build their name, and many aims to give meaning that

20 December 2022 SOCH Business Mentors LLP

A family’s innate drive: Family first or Business first?

This orientation helps family shapes fortunes, legacy and meaning Successful business families live no dual life. One that is spoken and the other that is truly felt in the heart or, simply put, the one that is meant at the individual’s core. They learn early in their history that should they wish to create a

13 December 2022 SOCH Business Mentors LLP

Family Business Succession Challenge – Part 4

Thank you for all your pouring in trust and the valuable time you took to write your succession challenges and related silent killers. You have broadened our perspective, allowed us to serve our purpose, and given us pride in fulfilling our ode to our profession (Ode to our profession). We never thought we would receive several multigenerational

6 December 2022 SOCH Business Mentors LLP

Family Business Succession Challenge – Part 3

We recommend that you read Part 1 & Part 2 of this article first, if it skipped your attention. To access the article, Family Business Succession Challenge (Part 1) Have you wondered what it takes to create a dream? Did you see any family business that lasts 16 generations and are having diverse individuals sitting