Usually, family businesses with lasting legacies have these 3 timeless wants: For these wants to become a reality, it is considered that institutionalized approach provides greater chances of success to build a lasting legacy. If institutionalisation of family holds a tall order to deliver eternity of success, harmony, abundance and meaning, then the only hope
Recently, we have come across many family businesses who have a constitution and yet, they find it completely worthless as it is nothing more that a book on the table. This isn’t a new problem. In fact, many family businesses have burnt their hands by making their constitution without the understanding of what approach will
Everybody knows and everybody feels that the world is turbulent. If you don’t feel that today, you haven’t been paying enough attention. You know that today’s environment isn’t what it was 10 years ago or, for that matter, even 5 years ago. The pace of life is accelerating and world has become foggy in addition
Everybody knows and everybody feels that the world is turbulent. If you don’t feel that today, you haven’t been paying enough attention. You know that today’s environment isn’t what it was 10 years ago or, for that matter, even 5 years ago The pace of life is accelerating and world has become foggy in addition
In any business, the growth levers are considered as sales, marketing, and branding. Of course, product manufacturing and service deliveries are all crucial. But it all matters only when the customers make that buying decision. And growth comes when before the customer makes that buying decision to fulfil their goals, they already have your product
Building a constitutional system is the first step Family-owned businesses have a powerhouse of family behind them. A family creates an endless legacy perpetuating prosperity, community welfare, love, and harmony. Legacy begins with the first generation. The family must begin institutionalisation to grow beyond the 3rd, 7th and 20th generation. The first step for this
You must have seen growth and prosperity with people who maybe not selling affluent or expensive products or services. You must have seen people who are selling affluent products and service which don’t have affluence of a deserving kind. Why? Because it doesn’t matter what you sell that defines your own prosperity and affluence. Only
Worrying about your children is what everyone does. Worrying about the unborn generations of children is only special to the family businesses. We have been privileged to witness and feel this type of worry by families running their family enterprise worldwide as – The worry of power. The worry for power deeply impacts family businesses’
The story of three bricklayers isn’t an uncommon one. Most of us have probably heard it, read about it or even narrated it to someone. For those who don’t know the story: One day in 1671, Christopher Wren (a famous artchitect who was asked to design St. Paul Cathedral) observed three bricklayers on a
