Managing a Family Business
Founders take years to build their business brick-by-brick with sweat and tears. They worry about the commitment, capability, and grit of the NextGen.
The NextGen have not seen the difficult start-up days but
have their own vision and ideas on how to manage the business.
Just like all fingers in a hand can never be equal,
similarly the contribution of every family member will be different.
The single biggest challenge for a founder?
- How to deal with this inequality?
- How to harness the diverse skill-sets of the NextGen?
- How to meet their expectations?
- How to build internal alignment and unity for
generations to come?
