90% of businesses are family-run as per research… some of the tips you should keep in mind while trying to do business with family members:it is all about partnership and sacrifices. try to take care of each otherthere should
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Advising family businesses and their professionalized running the last 15 years, we believe the following would be some areas of focus: don't try to shake the boat the moment you are inducted into business. try gain confidence
Components for setting management direction:Customer Need Proposition & its continuous changeTechnological upgradations in the field of operationSectoral changes that define group transitionEconomic fundamentals and demand drivers progressionProduct improvements and upgradationsfinancial performance to better profits & cashflowsWhat should
First and foremost to improve the efficiency of business process is to “measure” using a relevant metric. metric may change from one process to another and the objective of technology or process automation is to enable measurement with ease.-
Define why you want to transform: are you facing any challenges or survival or competition has the industry changed where you are irrelevant are you feeling nowhere and stuck in your direction are you feeling there is a lack of skill, teamwork within your workforce are