Entrepreneurship | wealthymatters

Managing Careers In A Family Business

June 30, 2019 Leave a comment

wealthymatters In family businesses, hiring and staffing decisions are based on relationship and obligation as much as on competence and experience. After all, one purpose of family businesses is to provide employment for the family members ! But that doesn’t mean all family members perform effectively,all the time. People may slack off or stop collaborating, and sometimes they get a pass for their mistakes or behaviors. At times, they may even be disruptive to the smooth running of the business.

So what can be done in such circumstances? Read more of this post

Filed under Entrepreneurship, Theory, Tool Kit Tagged with career management, Entrepreneurship, family business, firing, forced exit, hiring, postaday, reporting relationship, staffing

Careful What You Do With The Keys

August 1, 2017 Leave a comment

Freedom comes with choice and choice comes with responsibility.

Why do people willingly give up their freedom to a boss, a method or even a despot?

Why do successful entrepreneurs who start a new company take on investors even when they don’t need the cash?

Why do so many choose to go into debt when they might be able to avoid it?

Sometimes, we willingly sacrifice our freedom because it creates an other, someone to blame. It gives us hard boundaries and eliminates potential choices. And mostly, it lets us off the hook, because someone else is driving the bus.

Trying to drive from the back of the bus might feel less risky, but it rarely leads to much agency, influence or control as to where the bus actually goes.

Careful what you do with the keys. -Seth Godin

Filed under Entrepreneurship, Theory Tagged with advive from entrepreneurs, agency, control, Entrepreneurship, postaday, Seth Godin

Where Is The Next Big Thing? Kenneth Andrade @KotakSecurities #KotakMidCapMeet15

December 11, 2015 2 Comments

So interested in becoming the person to build the next industry dominating Large Cap Company?

Kenneth Andrade has an insight for you.

Locate a currently unorganized sector of the economy, better still locate a business that is not yet even an industry. Start small, build a brand and then grow steadily, consolidate and then dominate the sector.

PS the insight also works for investors, VCs etc who’d like to early on identify and back the next big thing.

Filed under Entrepreneurship, Paper Assets Tagged with #KotakMidCapMeet15, Entrepreneurship, grow brand, Investing, Kenneth Andrade, Kotak Securities, postaday, shares, small cap, unorganized economy, VCs

New Insight @KotakSecurities #KotakMidCapMeet15

December 11, 2015 2 Comments

walthymatters Just heard something useful in Mr Nilesh Shah’s speech @KotakSecurities #KotakMidCapMeet15.
Kotak Mahindra Bank stared by providing Auto Financing for Maruti Cars and then extended themselves to financing the purchase of other cars and then grew from there on to what it is today.
Moral of the story? First go do something small/limited, exceedingly well and then build on your successes gradually.