The Child
A family was happy receiving their
first child and parents were zealous in bringing up the child.
On a daily basis the child was given
the utmost care and was showered with love. The child was given the vaccines in
time and was protected from infections.
At times when a child feels sick, the
parents felt the pain. They were very particular about the school, dress and
the food the child ate.
Once the child started becoming
independent, the parents were busy with their other activities.
There were days when, the grown-up
lad was managing himself in the absence of his parents.
Wait, where are we heading towards
from the above words, is it about parenting? No, the child here refers to a
family owned business which would have been conceived and started by the
elders, this business would have been taken care like the child in this
article, at one stage the business is good enough to sustain and earn. At this
stage the elders will take the back seat and hand over this grown up child to
the next generation.
The success of the business depends
upon how the business is perceived and handled:
1. See it as an Infant & take
utmost care which is called the Infant Approach
2. See it as grown up and focus on
something else, which is called the Relaxed Approach
Family owned businesses will struggle,
if they fail to have an infant approach. Remember, the business was built with
care and handed over to the next generation, it becomes imperative for the
other generation to hand it over with the same care.
Family business is beyond business,
it is built with hard work, nurtured for the next generation and it is a legacy
to be retained
M.L.
Narendra Kumar
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