Tag: family business

Family Business Succession
Business Finance, family business, succession planning

Better professionally-run than family-destroyed

The Successor Selection Trap: Why Your Heart and Head Are Fighting Three children. One business. Zero clarity.Mehta Uncle, 70, ₹80 crore business:Karan: 25 years in business, knows everything, loyal… but resists change, fears tech.Priya: IIM grad, sharp, strategic… but only 3 years in family business. “Will she stay?”Rohan: CA, modernizing operations… but impulsive. Elder brother resents him.Mehta Uncle’s succession plan? “I’m thinking about it.” He’s … Continue reading Better professionally-run than family-destroyed

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Family Business Succession Plan
Business Finance, Business Management, family business, succession planning

The hardest truth for family businesses: exit is often the only succession plan.

Ramesh built his business over 32 years.– Not a startup story.– No venture capital.– Just steady customers, loyal employees, and a reputation built one decision at a time. When asked about succession, his answer was always:“Let’s see. The business is running fine.” The reality was quieter. His children had their own careers. None wanted to take over. So succession never happened by design or by … Continue reading The hardest truth for family businesses: exit is often the only succession plan.

Unknown's avatarSunil GandhiLeave a comment
Business Finance, Business Management, family business, succession planning

Is Your Business Giving You Freedom or Holding You Hostage?

A cousin of mine regained consciousness after a serious accident. His first worry wasn’t recovery; it was supplier payments and pending deliveries. Another business owner in the family can’t rest, even at home, because the business runs only when he does. This is how wealth quietly turns into a golden handcuff, total dependency, no pause, no recovery. Is your business giving you freedom… or quietly … Continue reading Is Your Business Giving You Freedom or Holding You Hostage?

Unknown's avatarSunil GandhiLeave a comment
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

Unknown's avatarSunil GandhiLeave a comment
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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