Advantages of Fulltime Family Managed Business

People approach family managed business differently. There are some who take it as a blessing while there are others who decide to go the other way and explore something else which they feel serve their purpose better.  Family managed business provides you the freedom of being an Entrepreneur and working with family. But there are many who despite of having a family business opt for a corporate job.

This was the scenario earlier. Now times have changed and so has the thinking of people. The reason for this negative approach towards Family managed business was the lack of knowledge amongst the people about it. People were not aware about the various advantages and benefits of being an entrepreneur. In reality, there weren’t such favorable conditions then like there are now. With the growing changes and advancements happening in the world, there has been a rise in the opportunities in the Business sector.

Institute for Future Education, Entrepreneurship and Leadership (iFEEL) is offering you an 11 months Family managed business program. This residential business school is AICTE approved and is located at Lonavala. This Family management business program teaches you the various aspects of starting, growing and sustaining your business. The expert faculty members assure the delivery of quality knowledge and expertise so that the students can have a bright and rewarding Business future wherein they are capable of facing and standing firm in the toughest conditions and challenges.

There are many who are benefiting from this full time family managed business program. If you are amongst those who haven’t experienced this yet, then you should surely go through the following advantages:

     You get the opportunity of being away from the present scenario of your family business and understanding from far what are the shortcomings. It makes you look from the eyes of the consumer and not of the entrepreneur.

     You get the golden chance of interacting with the industry experts and established entrepreneurs who share their experiences and journey milestones with you. All this will help you identify the triggers to success and the warning signs of failure

     When you will attain in depth understanding of the various concepts of the Family managed business industry, it will assist you in enhancing your present performance and becoming a better entrepreneur

      Networking plays a vital role in Entrepreneurship Development. This program can also be named Leadership program as it inculcates the values of leadership within the aspirants. It teaches you how and what is to be done in order to lead others on the path to success.

     In just 11 months you are able to gather all the professional knowledge about the different stages of your business cycle i.e. start, grow and turnaround

When you take some time away from home to study this Residential Family Managed Business, you will understand your hidden potentials and strengths which can be used for the betterment of the business.

You will be able to contribute towards your family managed business only when you possess the essential knowledge and excellence for it. iFEEL is the perfect companion which will lead you towards achieving your goals easier and faster!!

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3 Core Values of Family Managed Business

Family is much beyond mere relations. When the time comes to show how strong the bonds are, the world can be left spellbound. We all would agree that times have changed. People have become realistic. The dinner time with family has been replaced with corporate meetings and dinners. The vacations wherein the entire family would enjoy are now being replaced with job responsibilities and deadlines. But yet there is a way in which you can be with your family and yet have a successful career. Confused? It is possible through Family Managed Business.

We live in India where we are surrounded by successful family managed businesses. We get inspired and amused by their achievements and success stories. Then why don’t we take a step ahead to make others read ours? Why do we underestimate our potentials by thinking that the defined goal or objective cannot be accomplished?

Family business course is needed to understand this better. A family managed business is highly subjective because it is individualistic in nature. Every family member is different and so are their working mannerisms. Hence, we notice that if the concept A works for one Family managed business, it may not work for another family managed business.

Before pursuing a certification program in Family managed business, understand the following core values of this business.

     Trust: There can be bad days in Family managed business as well. But here it gets more difficult because we are dealing with the family members and blood relations. Hence, it is very important to have high ratio of trust factor amongst the members. Only then will the business flourish and accomplish all the desired goals with ease.

     Respect: No member should take advantage of the family bond ever in business. You should respect the members in the office as you respect them in the house. Dignity has to be maintained and respect should never see a fallback. Remember, no matter how strong family relations are, one tiny spark is enough to burn down the longest relation!

     Dedication: You should justify the job you are entitled to. There should not be any leniency in the work responsibilities as it would have a direct effect on the stand of the Business. Through complete dedication there isn’t any goal that is unachievable.

Institute for Future Education, Entrepreneurship and Leadership (iFEEL) located at Lonavala is offering you 11 months Family Managed Business (FMB) program through the experts in this industry. Being a residential business school, it is well equipped with all the latest technologies. The campus of iFEEL is completely Wi-Fi enabled.

This residential Family Managed Business program prepares you for the 3 main stages of business transformation.

Start your business: Here you get all the knowledge about the essentials of starting a business. In a family managed business, this step is taken by the 1^st generation and passed on to the 2^nd one.

Grow your Business: Here you would be acquainted with knowledge of growing and sustaining your business. This stage is generally in the hands of the 2^nd generation members who explore new ways of achieving more for the business as a whole.

Turnaround your Business: This is the most challenging stage where most of the businesses face failure. It is important to understand that failures are the stepping stones to success. This is handled by the 3^rd generation which is versatile and innovative.

This residential FMB program is your opportunity of giving a new face to your current Family managed business!!

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7 Reasons to Join your Family Managed Business

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!!

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Secrets of Entrepreneurship Success

"When everything seems to be going against you, remember that the airplane takes off against the wind, not with it."- Henry Ford, founder of Ford Motor Company.

There are two ways to live your life; first one is to live life as it comes. The second one is living life the way you want. It is all about daring to think different and walk alone on the path you believe in.

We often hear and read stories of Successful Entrepreneurs and wonder the secret behind it. It is based on the formula “no gain without pain”. Every entrepreneur goes through many hardships before achieving success. Multiple failures lead to one big success. It depends on whether the entrepreneur wants to learn from the mistakes or keep repeating them.

To start your own business, you require strong belief in your idea of business and a workable execution plan. You have to be prepared to face the worst situations without any warning. Most of today’s successful Entrepreneurs started their Entrepreneurial journey all alone. There was no one who had faith in them. But they remained firm on their thought. This quality makes an entrepreneur unique.

Entrepreneurship success is not a cakewalk. It is the result of tireless efforts of the entrepreneur. It is the outcome of hardwork combined with optimistic thinking.

However, there are few secrets which can be useful to you.

            Do what you really want to do: You are in Business world which is highly subjective to change. You have to expect the unexpected. In such a situation, don’t panic or get under pressure. Stay calm, and continue doing what you really believe in. There is nothing in the world that can stop you if you believe in yourself. Don’t adopt those methods which you are against your interests.

  

     Love your business: Treat your business equivalent to your Family. You should have love and respect for it. Great ideas will fall in place only when there is a happy face behind it. Others will appreciate your business only when they see the same in your eyes.

           Small steps= Big Differences: Ever observed how a baby walks? It takes tiny steps, very carefully. You have to do the same in Business. It is a misconception of many that in order to survive in the highly competitive environment of the corporate world, an entrepreneur needs to take big steps. The ones who do this are sure to fall in a dark pit of failure. Don’t be one of them. Analyze each possibility before taking any step in business. One wrong step can end your journey.

     Learn from failures: Failures have the power to teach you the most valuable lessons of life. They teach you the real essence of success. If you are able to convert each failure as a stepping stone to success, then the sky is the limit for you! Stand up head high after falling deep down. Make each fall count.

     There is a very fine line between confidence and over confidence: Having confidence in your work is good but being over confident about the same is very bad for your business. You have to set an example for the rest. If you are running a Family managed business, then the responsibility lies on your shoulders to motivate the future generations to enter the family business.

           Entrepreneur never stops thinking: To gain the highest altitudes of success in business, you should always be on the hunt of new ideas and thoughts to enhance your business. This profession has comfort but no time for wastage. Each minute spent should be utilized in the benefit of the business.

            Successful Business Model: The most important and pre requisite factor of entrepreneurship success is having a Business model. Without which your business will not stand firmly and soon collapse.

            Teamwork is everything: Without the help and support of your team of employees you will be unable to reach any business objectives and goals. You have to hold the team together and move in the direction of everyone’s benefits.

     Ego leads to pit of darkness: Never develop ego about anything. Develop entrepreneur and leadership skills within you that are positive in nature.

iFEEL is the perfect place where future Entrepreneurs are born. It is a Residential Business School located at Lonavala and established by Global Education Trust in 2010.

iFEEL is offering a 11 months Entrepreneurship Excellence Program (EEP)/ Family Managed Business (FMB) program. This program is tailored for developing future entrepreneurs and giving leaders of business to the corporate industry. this program focuses on the 3  main components of business: START, GROW AND TURNAROUND BUSINESS.

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These 11 Months Can Change Your Life

“The best way to predict your future is to create it”. - Abraham Lincoln

The future is an unpredictable. No one knows what it has in store for us. We cannot predict it, absolutely correct. But we can create it, 100% correct!

There are many who are not satisfied with their present life. They adjust and compromise in life. You may have the desire for something but might settle down for something else because you feel that the former is out of your reach.

Remember, god has given immense power to mankind. It depends upon us, as to how we use them. There are many who waste their entire life doing something that someone else wants him/ her to do in order to achieve certain goals. They ignore or rather sacrifice all their dreams and aspirations and live life for the sake of it.

If you have the idea to start your own business, you should definitely pursue it ahead. No idea is small or big. The way it is executed makes it big or small. Firstly, you as a person should have confidence and belief in your ideas and thoughts.

An Entrepreneur is the person who decides to live few years of his/her life like others won’t, so that later he/ she can live a life that others can’t. How impactful is this sentence! If you also want to make a difference and want to do something that you love but don’t know how and from where to start your Entrepreneurship journey, then you are at the correct place!

When one can do a stable job and earn his/her living, then why should he/ she take risk of starting his/ her own business? The answer is very simple. One should take this decision to enjoy the fruits of success for life time. when you develop new business, your efforts= your gains. You get the reward you deserve for the hardwork you put into the business.

iFEEL (Institute for Education Entrepreneurship and Leadership) is an AICTE approved residential business school located at Lonavala. It is established by Global Education Trust in 2010.

It is offering an 11 months Family Managed Business (FMB)/ Entrepreneurship Excellence Program (EEP). This is a unique program which is designed keeping in mind the requirements of the Entrepreneurs in today’s challenging times. It helps in developing Entrepreneurial and leadership skills in the students.

Features of this 11 months Residential Entrepreneurship Program:

This program has special focus on the 3 pronged structure i.e., start, grow and turnaround business.

Start business: This program enhances your capabilities and thinking abilities to transform them into a successful business. To start the business is the most crucial step in your Entrepreneurship journey because this step will decide success or failure of business. There are many stories of startup businesses that failed. This happened because they made mistakes which resulted in their failure. This program guides you and enlightens you with the insights of how to start a business successfully and keep running for long.

Grow Business: Growth is essential for any type of business. The existing Entrepreneurs are always seeking new and innovative ways to grow in their business segment. They want to perform better than their competitors. True innovation comes from within you. This feature is for the Entrepreneurs who want to reach enviable heights in business.

Turnaround Business: Many Entrepreneurs lose hope after they fail once. Incurring loss in business is ordinary but, the conversion of this loss into profit is extraordinary. This program teaches you how you can change the business failure into success. Helps you to identify the areas of your business which require improvement. It helps the Entrepreneurs revive their Businesses which are functioning below their potential.

Other features include:

• Guest Lectures by Industry Experts and CEO/COO’s
• International and Indian Industrial Tours
• Customized Study Materials
• Global Best Practices
• Program Advisory Cell
• Exposure to Business and Trade Associations
• Residential Campus

Opportunity doesn't knock the door multiple times. Contact iFEEL today and change your life from a Job Seeker to a Job Creator with this 11 months unique program!

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5 Essentials of a Successful Business Model

“If you fail to plan, you are planning to fail”. - Benjamin Franklin

An Entrepreneur starts his journey with an idea which he believes in. Then he converts the idea into a successful business. The strategies and policies which he formulates, decide his fate as an Entrepreneur.

To start your own Business is a wonderful thought, if it is executed in the right manner. There are many different things which have to be taken into account. You have to take each step carefully. Your one mistake can cost you a lot. We read success stories of many Entrepreneurs and wonder the secret behind their success. Everyone does hard work, then why is it that few succeed and others fail? The success of a Business is determined by the efficiency of its business model.

What is a Business Model?

A Business Model is the detailed plan of the business functions, the target audience, the sources of revenues and profits, products/services offered details of finance sources, policies and marketing strategies.

The essentials of a Successful Business Model:

Your business goals and objectives: 

The goals and objectives of the Business should be understood in a detailed manner. Entrepreneurship is about leadership. If you will not be clear about the goals and objectives, then how would you convey it to your employees? Success will come only when you have a defined vision and are motivated to reach a particular goal/ target.

Product/ services offered: 

The Business model should have complete knowledge of all the specifications and features of the products and services offered by the company. To develop new businesses, innovation is required. It helps you to understand the strengths and areas of improvement in the business.

Customer base/ Target Audience: 

Each Business operates on a different tangent. Having same target audience is common, but the way of reaching them makes the difference. The Business should be focused and dedicated towards its customers. Having a clear idea of who is your target audience is an essential component of reaching business success.

  Marketing strategies: 

     Marketing is the soul of any business. It plays the role of representing your company and its products/ services in front of all stakeholders. The strategies of marketing include advertising ways, ATL & BTL activities and Digital marketing etc.

  Channels of distribution: 

The product of a Business Company will be of no use unless it reaches the consumers on time. Choosing the correct channel of distribution means transporting the products to the right target audience through the right channel (mode of transport) on right time. The channel of Distribution should be time and cost effective. To run a new business, adopting the most appropriate and suitable channel of distribution is important.

iFEEL is a unique Residential Business School located at Lonavala. It was established by Global Education Trust in 2010. It is an AICTE affiliated residential business school.

iFEEL is offering Family Managed Business (FMB)/ Entrepreneurship Excellence Program (EEP). This program is of 11 months. Below are few features of this Program:

Ø Focus on Three Pronged Structure for Entrepreneurs (Start, Grow or Turnaround Businesses)

Ø Guest Lectures by CEO/COO’s

Ø International and Indian Industrial Tours

Ø Residential Campus

Ø Holistic Approach to Management Learning

Ø ONLINE LECTURES (Anytime Anywhere Learning)

Ø Case Study Based Learning Approach

Ø Program Advisory Cell for Providing Guidance to Participants

Ø Exposure to Business and Trade Associations

Ø Customized Study Material

Grab this golden opportunity today! Click here to feel the iFEEL difference!!!

Just Shift 1 Letter & CHANGE Your Life from EMPLOYEE TO EMPLOYER!

Money is one of the most important elements of our lives. For every single thing you require money. In the materialistic world like ours, it is impossible to survive without money. The population growth rate is increasing rapidly. As a result, the competency level has also increased considerably. There is no shortage of talent in any field or area.

We obtain quality education with the objective of acquiring a desirable job. We look out for job opportunities in every field. Sometimes, this ends in disappointment. With increase in population it is essential to increase job opportunities to meet their needs. 

There are 2 kinds of people; Employee & Employer. Let’s understand the characteristics of each.

LIFE OF AN EMPLOYEE:

• A Fixed, non adjustable 9 to 5 job routine 
• No direct benefit of efforts 
• Follower 
• Job seeker 
• No time for family 
• Holiday plan only once a year 
• Slow growth 
• Expects higher salary from the boss progressively 
• No freedom to express his ideas. Has to follow the boss most of the time. 
• Meager bank balance 
• Simple & Ordinary Lifestyle 
• Faces deadlines which results in stressful life. Stress leads to ill health, depression and unhappiness. 
• Sometimes, has to work even on holidays and festivals

LIFE OF AN EMPLOYER/ ENTREPRENEUR:

• Fixes his own work timings 
• His Efforts= His Benefits 
• Leader of Masses 
• Job creator for Employees 
• Spends time with family whenever he wants 
• Goes for holidays 2-3 times a year (or as per his wish) 
• Grows from a startup into an successful Entrepreneur 
• Meets the expectation of high salary of his employees 
• Enjoys the freedom of creativity. Is followed by his employees 
• Significant bank balance 
• Extra ordinary lifestyle 
• Decides deadlines for others

You have a dream to start your own business. So how to you achieve it in reality? If you have full confidence on your business idea, then you should start your entrepreneurial journey at once.

How to be a successful Entrepreneur?

An Entrepreneur is a person who starts his own business venture with a team of dedicated & skillful people to make it a success. Qualities like leadership, focus, innovation, creativeness, analytical skills etc alone will not make you a successful Entrepreneur. You will succeed only if you use your qualities and abilities appropriately. In order to start a new business, you need to have the skill of identifying unaddressed market which has unfulfilled needs of the customers. 

Institute for Future Education, Entrepreneurship and Leadership (iFEEL) is an AICTE affiliated residential Business school situated at Lonavala established by Global Education Trust in 2010. It is offering Entrepreneurship Excellence Program (EEP)/ Family Managed Business (FMB) which is an 11 month customized program which is designed keeping in mind requirements of Entrepreneurs in today’s challenging times.

Unique features of this program:

•  3 Pronged Structure for Entrepreneurs (Start, Grow & Turnaround)
• International & Domestic Industrial Tours
• Residential Campus
• Guest Lectures by CEO/COO’s
• Holistic Approach to Learning
• Global Best Practices 
• Program Advisory Cell
• Customized Study Material
• Case Study Based Learning Approach
• Additional Learning facility through ONLINE Lectures
• Exposure to Business and Trade Associations

This Entrepreneurship Course will help you to develop Entrepreneurial and Leadership skills. Opportunity knocks the door only once. Answer it before it’s too late!

Contact iFEEL today and CREATE YOUR TOMORROW!!

Click here for more details.