Author: admin
By: admin
When Should a Family Business Consider an Amicable Split?
When Should a Family Business Consider an Amicable Split? In the early days of a family business, the founder takes all decisions. Decisions are fast and the family is aligned behind one leader, one vision, and one heartbeat. Over time, as the business grows and moves into the second and third generations, the ownership structure […]
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The Silent Struggle of Family Business Founders
The Silent Struggle of Family Business Founders Let’s call this out — building a family business is not just about strategy, market share, or quarterly numbers. It’s about sweat. Blood. Sleepless nights. Missed birthdays. A lifetime of trade-offs. Most founders have poured everything into their businesses. They’ve had no time for hobbies, no patience for […]
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Family Charter should be 4 pages, not 40
Family Charter should be 4 pages, not 40 🗣️ Do family members in a multi-generational family business use legal language when speaking to each other? Do they formally address each other and are overcourteous, respectful, and tiptoe around important but controversial subjects so as not to offend anyone? If they do, then it’s a warning […]
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Act before relationships in a Family Business cross “the point of no return”
Act before relationships in a Family Business cross “the point of no return” Last week, I had the privilege of engaging with business families at Park Plaza, Faridabad. This was an interactive session on “Building a Successful Family Business.” As always, the discussion quickly turned to a common—but—often—unspoken truth. Before we address Growth, profitability, and […]
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Family Business: Your Seatbelt for the Long Drive Ahead
Family Business: Your Seatbelt for the Long Drive Ahead Last week, I caught up over coffee with Amit Gupta, Past Chairman of the Global Board of Trustees, TiE. What began as a casual conversation quickly turned into a serious brainstorming session on why family businesses—despite contributing over 70% to India’s GDP and nearly 80% of […]
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Why a Family Constitution Isn’t Really a Constitution
Why a Family Constitution Isn’t Really a Constitution When people hear “Family Constitution,” they imagine a massive, legalistic document—like the Constitution of a nation or the bylaws of a multinational corporation. Their first thought: Why would a family need something so complex? Isn’t that overkill? But here’s the truth: A Family Constitution is not really a […]
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Disagreements shouldn’t lead to conflict in Family Council Meetings
Disagreements shouldn’t lead to conflict in Family Council Meetings Disagreements shouldn’t lead to conflict in Family Council meetings. But more often than not, they do. 💡 Constructive disagreement is healthy. When everyone feels safe to express their views—and listens with curiosity—families make better decisions. Trust grows, engagement deepens, and the best idea wins, regardless of […]
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Why wait for a crisis to build a Family Charter?
Why wait for a crisis to build a Family Charter? Too often, family businesses start the process of creating a Family Charter (a simple constitution) only after relationships have soured and internal communication has broken down. But isn’t it wiser to invest in preventive care—like a health check-up and lifestyle correction—rather than wait for a […]
Read moreWhen an amicable split in 4th generation is the best way forward
When an amicable split in 4th generation is the best way forward When family businesses reach the 3rd and 4th generations the complexity of managing the diverse businesses and assets while keeping the flock together and meeting their expectations and aspirations becomes too much. Relationships, family traditions, and emotions invariably cloud business decisions. Half the […]
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What does a Family Business Advisor do? How exactly does he help founders?
I am often asked this question. And here is my response. In my 12 years of Family Business Consulting experience, there are 3 reasons founders typically approach me: Case 1: We 3 brothers started a family business and now over the last 25 years, it has expanded and grown to employ 600 people across 4 […]
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