Category: Uncategorized

The Importance of Family Retreats

The Importance of Family Retreats High above the shimmering waters of Lake Lucerne in the Swiss Alps, at the Presidential Suite of the Burgenstock Resort,  one of the world’s wealthiest families convened in early September 2020. Mukesh Ambani, India’s richest and most powerful private citizen, retreated with his wife, three grown children, and their partners […]

Fault Lines in a Family Business

Fault Lines in a Family Business Just like geological fault lines that trigger earthquakes, every single family business has “fault lines” with historical roots of past events. In the geological fault lines, the stress builds up due to the pressure of the tectonic plates and one day it erupts causing large-scale destruction. The role of […]

What should a founder do when a family member’s performance at work is poor?

What should a founder do when a family member’s performance at work is poor? Founders of family businesses often agonize about how to handle a family member who is visibly underperforming on his job. Such underperforming family members in senior roles impact not only the business but also the morale of employees because they see […]

Workshop: Managing a Multi-Gen Family Business

4 Ways of Managing someone who takes offense easily and gets into frequent conflicts. 

Family Business Notes   4 Ways of Managing someone who takes offense easily and gets into frequent conflicts. Managing a family member who takes offense easily and gets into frequent conflicts can be difficult in any business, but it can be especially difficult in a family business where personal and emotional dynamics are often at […]

A book Family Business Founders must read

A book Family Business Founders must read As we exit the year 2021 here is a recently published book I recommend about turning around a traditional family-run business into a professionally managed world-class listed company. This book is co-authored by the world-famous management guru and author Prof. Ram Charan who has been a mentor and […]

Every family business founder faces this challenge

Every Family Business Founder faces this challenge Even though our children have led a privileged life of luxury we want them to be frugal, ambitious, hardworking, focused, and street smart. So how can I pass on my middle-class values to my children even though they were brought up in wealth? The journey of entrepreneurs is […]

Succession Planning in a Family Business

Succession Planning in a Family Business

The 3 hurdles to Teamwork in a Family Business

The 3 hurdles to Teamwork in a Family Business In a family business, the founder shapes the culture of the organization and the relationships between family members.  The first hurdle to smooth teamwork in a family business is the absence of trust. Family members are unwilling to be vulnerable. They don’t openly share their mistakes, […]