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What Makes The Current Times So Great For Family Businesses ?


wealthymattersA commonly cited statistic is that only 30% of family businesses make it through the second generation, 10-15% through the third, and 3-5% through the fourth.

Now for some perspective : How many businesses of any kind are still around after the equivalent of three or four generations? A study of 25,000 publicly traded companies from 1950 to 2009 found that, on average, they lasted around 15 years, or not even through one generation!  In this context, family businesses look pretty enduring,don’t they?

In the hyper competition of the Fourth Industrial Age, family businesses have innate strengths over others forms of ownership, especially public companies. In the Second and Third Industrial Age, businesses had access to vast opportunities, which meant that winning strategies revolved primarily around size. Public companies had a clear advantage while raising massive capital. But firms today are no longer looking at endless opportunities. Instead, they have to struggle for their very survival in an intensely competitive world of slower growth and more frequent economic crises. Read more of this post

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Superstar Bloggers


wealthymatters“So what do you do?”
“I blog.”
“So what do you really do?’
“I blog.”

Such conversations, followed by pitying looks for an “unemployed” person is something a lot of bloggers are daily confronted with.

Truth: Anyone can start a blog. Not everyone has the imagination and ability to “monetize” it creatively to make a living or even a decent side-income from it. An extreme of the 80:20 rule applies on the internet. Less than 0.001% of bloggers probably make enough for blogging to be worthwhile money-wise. But for the talented few, the sky is literally the limit. In addition to money, the real gains are the people a person meets via blogging and the “real opportunities” that are created by these interactions.

Sure, there will always be the UHNW individuals and billionaires who can still dismiss twitter influencers as twits and think of social-media incomes as chicken-feed but for the average sort of person, its way beyond what many jobs, many other self-employment options or even small businesses will bring. And the overheads are truly miniscule in this case. Read more of this post

Round-Up Of The New Land Acquisition Bill


wealthymatters

……. and the Pursuit of Happiness


 

wealthymatters.comThe Institute of Economic Affairs,UK, has brought out an interesting report recentlycalled ‘……and the Pursuit of Happiness’.You can download your copy from here: http://www.iea.org.uk/publications/research/and-the-pursuit-of-happiness

Following are the excerpts I found particularly interesting:-

‘Contrary to popular perception, new statistical work suggests that happiness is related to income. This relationship holds between countries, within countries and over time. The relationship is robust and also holds at higher levels of income as well as at lower levels of income. This calls into question the assertion that people are on a ‘hedonic treadmill’ that prevents them becoming happier as their income rises beyond a certain level of income.’ Read more of this post

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