Managing Differences and Conflict Resolution – A Skill Must to be Developed in Family Business

Longstanding family conflict can bring a family business to its knees. It saps energy and happiness and holds back the business from functioning optimally. The first step in resolving longstanding conflict is recognizing that the consequences of avoiding an issue are worse than the emotional discomfort of discussing it. Let us look at an example of a family that succeeded…

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5 Causes Women in Ecommerce Should Stand for Each Other

Female entrepreneurs are continuously making their space in the world of business by accepting new challenges each day and are achieving great success. As per the non-profit corporation Catalyst, females hold at most 6 percent of CEO posts in the S&P 500. However, that percentage bounces considerably when we look at eCommerce, as Amazon data firm Jungle Scout reports that 32 percent of the sellers are females.…

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5 Tips for Women to Negotiate Better

When negotiation conditions are unambiguous and clear, recent research discloses some gender differences in the possibilities of initiating a negotiation. For instance, one might not expect men to be more probable than women to start a negotiation for a supplier agreement or a customer contract. However, when the aptness of negotiating is not so clear—as is mostly the case for negotiating visibility,…

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5-step Guide to Create an Unbiased Workplace for Women

Combining the PoSH Act with a company’s framework and rules for abidance is only half of the work done to produce a more protected workplace for females. Taking actions to ensure and implement women’s safety in the workplace is the real and constructive solution. Furnishing infrastructural amenities such as upgraded surveillance for security, female cab drivers, late-night shuttle service, are…

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8 Leadership Skills for Women Tech Entrepreneurs

In current circumstances, women entrepreneurs need to draw out their absolute best under their leadership. We should not expect circumstances to change and wait for it. You should take advantage of certain opportunities and situations at this point. Ensure that your team is successful by believing in yourself and lead your venture. According to a particular HBR study, women leaders…

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Tips to Develop Management Team for Small Business

To thrive, all businesses require a certain range of skills. There will be many different responsibilities upon you if you are an owner of a small business. You will realize that eventually you are better and worse at some roles than others. At some point in time in your business, these skills must be refurbished and improved. It is quite…

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Why Family Business Succession Planning is Important

Most family-owned business owners put off their succession planning because they don’t want to think about their retirement, disability or death, however, business succession planning should be a priority in every family owned business. A family owned business owner’s decision to eventually retire is not as simple as no longer going to the office. Key questions need to be answered…

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PROFESSIONALISING THE FAMILY BUSINESS

Professionalizing the family business is critical for growth, continuity and perpetuity through multiple generations.                                          What is a Family Company? A family company is one whose ownership is controlled by a single family and where two or more family members significantly influence the direction and policies of the business, through their management positions, ownership rights, or family roles. Current family owners…

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COVID 19 – A Catalyst for the Next Wave of Innovation

The phenomenon, such as pandemics and economic recessions, change the track of businesses, economies, and on a larger scale of government’s decisions thus change the course of history. SARS Pandemic 2002-2004 similar to COVID-19 Talking about recent times, the pandemic of SARS of 2002-2004 brought about a spectacular growth of a then- not so big e-commerce company titled Ali Baba and aided…

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Why Millennials Switching to Entrepreneurship from Traditional Working

Today entrepreneurship is more lucrative and challenging both. In this age of digitization where the global economy is led by entrepreneurs like Steve Jobs, Dhirubhai Ambani, Azim Premji, and more, many millennials are preparing to enter this market. More than 6 million audiences across the world are gathered in shows like Shark Tank, a multi-Emmy Award-winning entrepreneurial-themed reality show, where aspiring entrepreneurs…

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