The generation today has become very
innovative and creative. It has the urge to be different and achieve
undiscovered heights of success. There is no doubt that the Business Industry
has become competent like never before. Every single sector is facing
competition and struggles tirelessly to establish new and retain the existing
positions in the market.
Having a job is essential for living
and is the necessity of almost every individual. But there are few who dare to
take the untraveled path and seek to start
new business. They are the ones who have a certain idea or a dream which
they want to transform into reality. If you are a part of this type, then you
have a very bright future waiting for you.
In India, we come across many families
that run their own small or big scale business. This in general words is known
as family managed business.
Sometimes, we also see examples of individuals who refuse to join their family
business. Such people lose the most amazing and rewarding opportunity of their
lives. They fail to realize how fortunate they are. There are so many
candidates who apply for a job but get refused. This is not because they aren't adequately qualified or they lack the skills for it. The reason for this is
only the high level of competition in the corporate industry.
The rewards of being a part of your
family managed business are as follows:
- When you work with likeminded people, the chances of failure or work stress are absolutely zero. In family managed business you are working with your family members and hence the level of understanding and the style of working are almost equal.
- Work as per your convenience. When you are a part of your own business, you can follow the work pattern which suits you the best. You don’t have to follow the working guidelines which are fixed by someone else.
- Your contribution will enhance the business even more making it more successful. You can contribute towards attaining better quality of returns from the business and hence can even increase the number of customers associated with your family business.
- You get the dual benefits; of earning as well as spending time with your family and loved ones. You don’t need to sacrifice or compromise on your family time.
- When different generations work together, there is an increased chance of better and more profitable outcomes. The reason for this is that the members of each generation have few attributes which would be absent in members of the second.
- No one knows you better than your family. Each family member can fit in the shortcomings of the other member. You may not be good in handling accounts but excel in sales and your brother would be vice versa. So in such a situation you both can switch the positions. Hence, in this way the process of gaining business success never ends.
- With the introduction of family managed business program, it has become possible to acquire all the missing knowledge of the concepts and operations of a family business.
Institute for Future Education,
Entrepreneurship & Leadership (iFEEL) which is located at Lonavala is the
best provider of such knowledge. It offers you an 11 months Family Managed
Business (FMB) program/ Entrepreneurship
Excellence Program (EEP). In this program you will learn the 3 main stages
of business i.e. start your Business, Grow your Business and Turnaround your
Business.
This is a residential FMB (Family managed business) program which gives you
an exposure to the best global practices as well which allows the existing
entrepreneurs to become future leaders. You get to learn about the most
innovative business strategies which are applied worldwide.
You can make the most of your today
for having the sunshine of endless opportunities shining on your tomorrow!!
