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Entrepreneurial Dilemmas and their answers
Spirit ‘In every one of us there are two ruling and directing principles, whose guidance we follow, wherever they may lead; the one being an innate desire of pleasure; the other, an acquired judgment which aspires after excellence.’ ~ Socrates, in Plato’s Phaedrus First question of course is to ask if I am qualified to…
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Appreciation of return is directly proportional to investment
In my life every developmental activity that I invested in was done at a personal cost. In one case, I sold my car and borrowed money (which I repaid over three years) to pay the fee to go to the IIMA for my MBA. In another case I spent every cent of my holiday allowance…
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Independence must be earned
Happy Independence Day to you. Independence doesn’t just happen. It must be earned. Let us reflect that real bondage is of the mind and spirit. Nelson Mandela for 27 years in the South African apartheid prison was actually free. But today in India we have accepted the slavery of discrimination against each other, of corruption…
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Exit: Terminating Family Members
This is a big one. Some people are of the opinion that family members can’t be terminated under any but the most extreme circumstances like theft or doing something detrimental to the family. My view is that like performance bonuses, termination must also be linked to productivity. To allow the business to suffer losses because…
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Family business is more about family than about business
“The business and family love are two different, mutually exclusive issues. When the two mix, both self-destruct.” Current Existence & Growth: Who has the power and why? Performance versus identity: Who are you versus what did you do? Succession: Family or business: Which comes first? Competence versus connection: Which is more important? Families that understand…
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Inspiration
So what is this strange inspiration that some people have which enables them to continue to work towards a goal that is often invisible to everyone else? Needless to say, this article does not contain the answer. It is more an attempt to share the questions in the belief that often the answer lies within…