The Transformation In Business

The viability in family business being the essential criteria to run it, many families ignore the concept and attach much importance to sentiments. Of course, the family involvement, its reputation do count. Business is for profit. As such the monetary consideration comes into the fro.As times change the perception undergoes a metamorphical transformation.  The orientation also has to change.

 If the core business goes through a hard phase.That has to be considered seriously. If need it has to be set aside, wound up and liquidated or the face has to get a lift. it could be old wine in new bottles or new wine in new bottles. It depends on the circumstances.It banks on the prudence.

The time you make up your mind is the crucial factor. If dilly dally then the business would eat you up. Procrastination should not be there. The moment you decide the same moment you execute. Then you save money and time. 

That is not the end of it. With the realized money go in for a catch. A business that would earn you 

 revenue and would be lucrative.You should have done the homework earlier.A quick action and a swift transformation would yield benefits.

 

Pawn Shops.

The Family business has many facets to be considered. One being the seniority. The other the capacity.
Looking into the third factor the viability which I feel is most important in business. Just because it has been handed over to generations it is not the best. It was working at one point of time. it would have done pretty well. Now, times have changed so does the outlook.
I know a family which was doing very well in money lending. The father did from his village lending out money to his relatives for a decent interest. he made money and lived comfortably. his sons moved out to a town nearby. All the four of them had set shops. Each one advanced money against the security which would be in the form of land, jewels and materials. They made huge profits.

it happened one day, the first son was alone in his house as his wife had gone to a temple some 300 kilometres to participate in a function. The maid had gone home. The man locked his door and went into his bedroom. Caught unaware a man bounced from nowhere, overpowered him and stifled him to death. The burglar took all the pawned valuables and made way quick. The next morning the maid came, She saw the house open. She called the neighbours and all went in to see the man deal with a pool of blood around.

The wife rushed back and the rest is history. The viability comes into the scene. Pawn shops and their likes were prominent in ester years. As the days have advanced,

people are not so much inclined to these old age business. They go direct to the banks and raise money pledging security. it is far more safe and cheap too. The pawn shops and their gold have become obsolete.. The business model is outdated. A reformation should take place for such kind of business to prosper.

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The Top Executives In Family Business

There arises an issue in family business,as who has to preside over. Seniority is the outcome.
 How far seniority works? Does it not depend on efficiency? Does it not rely on exposure? Does it not call for literacy? Many and many queries crowd my mind as I deliberate on the subject of Family Business .

The senior most member of the family is the one who is older in age. Well, if this man lacks all the basic qualifications, is he still eligible to take the reins?If at all he his given an opportunity he does not perform what would happen to the business/

If it is circumventing around the landed properties, not much harm could be done. If it is encircled by manufacturing industry then acumen is very essential. Now this senior member slips and fails what would happen to the industry?

Analysing all these possibilities, it is the man who is shrewd, who is genial, who is genuine, who could handle the affairs be offered the top post for the industry to flourish.

Will the family hierarchy give way to this new clause

The Business Of Brothers.

It is a series of lapses that had led the business to a disaster. Begun well with ambitions set in the sky the duo Raj and Appu piled success after success. They entered into hospitality. They bought a priced property in the centre of the town which hosted the officers bungalows.  It belonged to a composite textile mill which was the pride of the town.

Raj and Appu hired professionals from Sri Lanka to redo the buildings. The architects and interior designers did a good job. Another Sri Lankan hotelier was also brought in to run the hotel for a contract of five years. The going was good and the hotel was one of the best in the town.

As always the two brothers wanted to expand. They are very enterprising and had business acumen so much but they lacked a perseverance. They would jump from one to the other without giving a thought of what would happen and how could they manage the bourses  by taking new projects.


This was their strength and weakness. In their aspiration  to widen their business,

they forgot the money involved. They borrowed and finally were left in the lurch. Their meticulously configured projects crashed. They were deep in trouble..

Adding woe to the misery Raj and Appu fell apart. it is a usual phenomenon.When things go good friendship lasts. When there is a downward trend the first to go  are the friends.
A tale well begun ended up in a calamity.

The Solomon Grundy

The family business in my part of the country, rather the participant being my own cousin has made enormous wealth in a short time. Has been in the high profile aviation industry. he started the airlines with a bang. being in his early twenties he became a successful business magnet.  He has his eyes always on the air and his nose too correlates with his eyes.

An achiever all throughout, he managed the business with a modular knack. His airlines supplied the best food. The staff were courteous and the service was exemplary. With my fingers on my nose, I use to stare at this young man as I compared myself with him. I, past my middle age, could not make both ends meet while here is a gentleman who mints money in a sway.

All that glitters is not gold goes the maxim. One fine morning, as usual I sat down on my patio to browse through the newspapers. My eyes got stuck at the headlines. The bold letters displayed the wily acts of my cousin, who had rigged and had done feats (pardon me for using the word) that had put the banks and other financial institutions that have lent liberally in a quandary. Still he spoke with a confidence and stated that there were no anomalies in his transactions.

To cut matters short, the news appeared daily for some months about his manipulations. To nobody's surprise,

the airline came to a halt.  I recall the rhyme of Solomon Grundy, who was born on Monday and finally got buried on Sunday.

The Family Business

It is the business that keeps the family going. A family that has been for long has now disintegrated.
The disharmony has led to the breakup. While the patriarch favoured one of his sons the others pulled away from the business. They did not go away without anything but took with them a considerable asset both in business form and also in value.

The shatter led to a disaster. The favoured son took the reins and set aside his aged father with the support of his mother. The business that was reputed and that earned high revenue turned a loss making one.

The banks extended no help and the outstandings which were very limited mounted in three fold with the interest accumulating. The industrial units were closed. The management had to pay lay off initially to the workers.  The interest and wages mounted along with the other statutory obligations, such as Sales Tax, Provident Fund and  Gratuity.  The raw material suppliers queued in front of the office gheraoed the management and at last the curtains came down.

The patriarch passed away. A broken man, he was and died an unhonoured death. His favourite son did not realize his mistake. He went on in his own style and the prized property was auctioned.

 The family which had once hundreds of acres of land, huge fixed deposits. a fleet of cars and palatial bungalows is now with a residual balance.

That be the

fate of the highly reputed business house in India.

Hyde Park Poetry: Thursday Poets Rally Week 62 (Feb. 23-Feb. 29, 2012)

Hyde Park Poetry: Thursday Poets Rally Week 62 (Feb. 23-Feb. 29, 2012)
It is a lively thought,
The link is much sought,
Hyde Park is a lovely slot
Making all a happy lot.