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By: admin
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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What is common to these successful Indian Family Businesses?
What is common to these successful Indian Family Businesses? These are the biggest, most successful multi-generational family businesses in the country. Ambani, Hinduja, Godrej, Kirloskar, Muruggapa, Munjal, Wadia, Bajaj, Baba Kalyani, Finolex, Apolo Tyres, Cyril Shroff & Shardul Shroff, Singh brothers of Ranbaxy, Singhania. But what is also common to all of these? […]
Read moreBuilding Unity into the DNA of a Family Business
Building Unity into the DNA of a Family Business More than 1 in 3 people in India have hypertension. Diabetes and pre-diabetes together affect 1 in 4 people. In absolute terms these numbers are staggering. The business community is particularly vulnerable because the pressure and stress of running a business leaves no time for health […]
Read moreThe 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 […]
Read moreFault 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 […]
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