According to me there is an increase in family business in the last two decades because it helps an individual to achieve one’s vision and can also be started on small scale it also helps one to achieve financial stability for the family and also benefits the family members . It can also help to secure the future of the family’s next generations.
I wanted to learn in detail the different aspects there are needed to manage a family business which would help me to control or manage my family business in an efficient way while maintaining harmony in the business and among its all members.We own a construction company in India. It was started by my grandfather and I am the third generation that will be joining it.
By studying this module I can understand the various attributes that can help me to manage my business in an efficient way and would also help me to know to the factors that can have adverse effects on my business . It can can help me to overcome the mistakes that other family business and to maintain trust and authenticity of my business.
I can contribute by applying the various aspects of my learning in this module in my own business.