The changing face of the Family Managed Business “There is no Fun in the Business Anymore” One of the constant refrains we get to hear from heads of business families nowadays is that there is no ‘fun’ in the business anymore , or to put it more colloquially, ‘ Dhandhe mein majja nahin raha ’ . The se gentlemen, typically in their late 40’s or 50’s, talk nostalgically about the ‘good old days’ when there was fun, excitement, and a sense of adventure in the business which is just not there anymore. Now what do they mean when they say this? They are actually referring to all the problems they are facing in running their business, whether it is a ‘recession,’ not getting good employees, or clients not paying up on time etc. And what about the ‘good old days?’ Presumably, when there was ‘fun’ in the business, 20, 25 or 30 years ago, all these challenges wouldn’t have been there? No, they would have been present even then, very much so.In fact, the challenges would have been gr...
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