Category: Business Finance

Business Finance, Business Management, family business, succession planning

Avoid Family Wars: Succession Plans Inspired by Epic Tales

Mahabharata & Ramayana: Two Wars, One Missing Document: Two of India’s greatest epics began for one simple reason: families had power, wealth, emotions… but no governance. Think about it: In the Ramayana, a single, unchecked, undocumented, and emotionally interpreted verbal promise sent a prince to the forest and shattered a kingdom’s stability. In the Mahabharata, unclear succession, no rulebook for inheritance, and decades of silence … Continue reading Avoid Family Wars: Succession Plans Inspired by Epic Tales

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Family Business Succession Planning
Business Finance, Business Management, family business

Succession Planning When No One Wants to Succeed You

A mid-sized manufacturing entrepreneur from Gujarat, now in his early sixties, had built his machine-parts business over the course of four decades. His two sons had settled abroad, one in Toronto, the other in Singapore, both successful, both clear that they did not want to return to run the family business. During a quiet family lunch, he finally asked the question parents often avoid:– Would … Continue reading Succession Planning When No One Wants to Succeed You

Unknown's avatarSunil GandhiLeave a comment
Family Business Succession PLanning
Business Management, family business

The Keys we Keep, The Clarity we don’t

Last Sunday, Mehul visited his mother. She handed him a steel dabba and said,“Beta, take this back home.” He opened it expecting snacks.Instead… it was filled with old keys.Dozens of them.Tiny ones, fat ones, fancy ones, keys that looked older than him. He asked, “Maa, these open what?”She smiled, “I don’t remember… but they must open something important. Keep them safely.” They both laughed, but … Continue reading The Keys we Keep, The Clarity we don’t

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Family Business Disputes Sticky post
Business Finance, Business Management, family business

Family Business Conflicts in the Headlines:

Almost every week, we see stories in the press about family business disputes—siblings fighting over control, cousins dragging each other to court, or next-generation leaders clashing with the old guard. This raises a critical question: Is conflict mandatory in family businesses? The answer is NO. Conflict is not inevitable, but it becomes unavoidable when there is no structure, no clarity, and no succession planning. Family … Continue reading Family Business Conflicts in the Headlines:

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Opportunity Cost Decision Making
Business Finance, Money & Economics, Personal Finance

You Need to Know This Important Concept For Better Decision Making

When you opt for Cake against Ice-cream, you have sacrificed the experience of eating ice cream. When you opt for Watching TV over outing, you have sacrificed an enjoyable outing experience. Every day and in several matters, we choose one over the other choice. The choice we sacrifice in favour of the choice we make is the opportunity lost. This is why it is called Opportunity cost. This is … Continue reading You Need to Know This Important Concept For Better Decision Making

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Fatal Ignorance
Business Finance

Not Knowing Financial Ratios Can be Fatal for Your Business

“The number one problem in today’s generation and the economy is the lack of financial literacy.” Alan Greenspan Alan Greenspan is not true for personal finance but he is also right for entrepreneurs. Entrepreneurs whose success is determined by financial performance many times do not understand the nitty-gritty of finance. According to a recent survey by the National Financial Educators Council Americans squandered $280 billion last year due to poor financial understanding,. … Continue reading Not Knowing Financial Ratios Can be Fatal for Your Business

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