Family Business Succession Planning
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Why Sell Your Business?
At a family gathering, 68-year-old Prakash Mehta proudly announced that his son had decided not to join the family business. The room fell silent. Some expressed sympathy. Others called it unfortunate. Prakash smiled. “I spent 40 years building this business,” he said. “Why should my son spend his life running a business he never wanted?”… Continue reading
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Why do we avoid difficult conversations?
A Delhi court recently said something that should worry and, therefore, awaken family businesses. The Sunjay Kapoor family dispute, it observed, had the potential to pale the Mahabharata. Let that sink in. The Mahabharata, a war that destroyed an entire dynasty, wiped out generations, and left a kingdom in ruins, was being used as a… Continue reading
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