Insights on Family Business

A collection of our latest insights on the challenges, opportunities and solutions that matter most for family businesses.

Family Business Succession Challenge – Part 2

To all those worried and concerned family businesses who read and gave beautiful scintillating feedback on the article on the succession challenge sent on 15 November, the team at SOCH and I want to thank you from the soul of our company. Going over 150 replies in the form of emails, voice mails, short videos

Family Business Succession Challenge

Your next generation holds no genuine interest nor an intention to transform your legacy 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 across the dinning table with multigenerational presence? Did you see any family and happen to

Is having a family mission important?

Your mission is your family’s reason to exist. Let’s take a reverse scenario, just for fun and perhaps make the point come home: Why should we as family businesses bother about our mission, purpose and any such fluffy, softy, or simply an incompetent – Leaders do bother about such things because they have hard balls

An invitation for irrecoverable loss: A delayed succession planning

Why do family businesses in India suffer to the point of their extinction or irrecoverable deterioration when placing a rightful successor? Why do most UHNI and HNI families even accept a painful, heart-wrenching, and gut-wrenching experience, despite succession planning methods, processes, and transitions available to them? Too few family businesses admit to accepting the pain

What role does purpose play in leading family businesses?

Front-running family businesses know that no amount of wealth, goodwill, or anything helps when it comes to making decisions that change the course of their next ten decades. What helps is a deep sense of purpose. Purpose – A deep call in the family that reminds them why they exist beyond their known material reasons.

Stopping at 99%

It is not uncommon to see owners reach at 99% and take forever to cross the remaining 1% to make important decisions. Wonder Why? Sometimes the time distance between the owner’s position movement from 99% to 1% is forever stretched.  Many asked us why we haven’t helped them cross the 1% faster than they were able

Ownership thinks in money and leadership thinks in time

Its rather funny and even grave when you notice that leading family businesses haven’t yet formally decided (and if decided then acted) on timely succession.  Why so?  Why family-owned businesses’ stewards or the current generation legal ownership and operating command do not begin formal succession until they reach age tipping point or ailments or a combination

In making of the family constitution – Who should be involved? 

Many esteemed business families ask us who should be a part of making of the constitution?  Our response consistently is – All those who will be living the constitution must be involved in order to have the expected outcomes delivered i.e., the constitution must preserve, protect and prevail love, growth and prosperity.  We understand that

Still Thinking Why To Have Everlasting Success & Harmony Institutionalised In Your Family Business? 

Not yet have a constitutional system in the family for perennial growth & harmony – Is it because you have frozen feet, or you are frozen by status quo or worse, frozen motive?  Let’s look at the sharply rising external environment in which family businesses compete:  A vertical growth prospect – from today in 2022

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