The term “Entrepreneur” seems to be in all genres of industries and has vividly different backgrounds. Some work tirelessly on a product that they believe in while others build personal brands. Anyone can convert entrepreneurship into a functional business as many people refer to it as “innovation”, “passionate”, “trailblazing”, “problem-solving” and much more. These are the traits that entrepreneurs look…
Professionalizing the family business is critical for growth, continuity and perpetuity through multiple generations. What is a Family Company? A family company is one whose ownership is controlled by a single family and where two or more family members significantly influence the direction and policies of the business, through their management positions, ownership rights, or family roles. Current family owners…
Women entrepreneurs have been a major segment of the economy. Many women have established various small businesses i.e. traditional handicrafts, food, and packaging online that supported artisans in rural Karnataka. After quite some struggle, they had a decent number of orders and have been looking forward to advancing the manufacturing equipment and scale the effect of their business by offering…
There are multiple variables in business that we need to learn to roll with punches and we find those variables double in size and frequency as entrepreneurs. Failing is inevitable in life and everyone fails at something or the other. Steve Jobs was rejected by many companies, Einstein was an awful student. Other famous personalities like Warren Buffet, Bill Gates,…
THE MAJORITY OF INDIAN FAMILY OWNED BUSINESSES ARE LIKELY TO FAIL BECAUSE OF INTERNAL CHALLENGES – WITH THE KEY ISSUE BEING INEVITABLE – AND DESTRUCTIVE – FAMILY CONFLICTS. SO IF A FAMILY WANTS TO PASS A SUCCESSFUL BUSINESS ONTO THE NEXT GENERATION, IT NEEDs TO DEVELOP ITS OWN TOOLS AND SYSTEMS FOR MANAGING CONFLICTS 10 TIPS FOR MANAGING FAMILY BUSINESS…
The Union Cabinet approved The National Education Policy 2020-NEP on July 29, 2020[1]. The NEP proposes a paradigm shift on how education is disbursed by various institutions across the country. As the present education system limits itself in various aspects and unable to encourage innovative and out-of-the-box thinking among young minds. A much needed move for the transformation of education…
All businesses face challenges, whether it is dealing with the changing economy, finding and hiring the right employees, or increased competition in the market. Family-owned businesses are not immune to these challenges. In fact, there is also a unique set of challenges that family-owned businesses have to face as a result of the nature of their business structure. It is…
“Living is all about taking chances, taking ‘Responsibility’; because in Life there is no right or wrong decisions, just Opportunities for Growth”– Santosh Nair Each of us, Nations, Institutions, Organizations, Communities, Entrepreneurs, Teams, and Professionals, we all have several responsibilities. These Responsibilities come in various forms, it may be focusing on health, taking on new challenges, shifting paradigms, changing circumstances,…
We live in a country where discussing about fancy lingerie, let alone buying from stores, will not pass off without any frowns. With male staff moving around and cramped trial rooms, the delightful idea of lingerie shopping could turn into an uncomfortable and embarrassing situation. Richa Kar understood this issue and this is when the online lingerie store, Zivame was…
We have seen one the worst ‘pandemic’ of the century. One invisible virus has wreaked the entire world to a standstill. This has brought the entire activities, operations, and commerce to a pause mode. Slowly things are opening up and all of us are in the revival mode. The covid-19 pandemic has left its impact on all sectors of…